BNET Industries

Market Cap:$2.3B
Last Fiscal Year Sales:$1.7B
  • Public
  • US
Dow Jones Description

We are the largest electric utility in Kansas. We produce, transmit and sell electricity at retail in Kansas and at wholesale in a multi-state region in the central United States under the regulation of the KCC and the FERC. In Managements Discussion and Analysis, we discuss our general financial condition, significant changes that occurred during 2008 and our operating results for the three and nine months ended September 30, 2008 and 2007. As you read Managements Discussion and Analysis, please refer to our condensed consolidated financial statements and the accompanying notes, which contain our operating results.

Chairman of The Board, President and Chief Executive Officer of Intrust Bank, N.A. In Wichita
Charles Q. Chandler
Number of Employees 2,415
Contact Information

818 S Kansas Ave

PO Box 889

Topeka, Kansas 66612-1203

westarenergy.co...

(785) 575-6300

NAICS Code Electric Bulk Power Transmission and Control: 221121

Recent Events

  • Westar Energy WR Declares $0.30 Quarterly Dividend; 5.8% Yield

    11/25/09 - Stock Split / Dividend - View Story

  • Westar Energy quarterly profit falls 8 percent

    10/29/09 - Financial Announcement - View Story

  • Intellon Corporation Proposal Selected by U.S. Department of Energy for Smart Grid Investment...

    10/28/09 - Licensing / Contract - View Story

  • Kansas-based utility to receive 'smart grid' funds

    10/27/09 - New Investment - View Story

  • Westar Energy Schedules Conference Call to Discuss Third Quarter 2009 Results

    10/13/09 - Financial Announcement - View Story

  • Westar Energy Offers New Programmable Thermostat Program

    10/07/09 - Product Announcement - View Story

  • Sierra Club wants to join lawsuit against Westar

    9/30/09 - Joint Venture / Alliance - View Story

  • BRIEF-RESEARCH ALERT-JP Morgan cuts Westar Energy to neutral

    9/24/09 - Bond / Stock Rating - View Story

  • Westar Energy lowers earnings guidance

    9/24/09 - Financial Announcement - View Story

  • Analyst Downgrades for September 18th

    9/18/09 - Bond / Stock Rating - View Story

  • Westar Energy Announces Second Quarter 2009 Results

    8/06/09 - Financial Announcement - View Story

  • Westar Energy, Inc.: Westar Energy to Receive Funding to Improve Diesel Emissions Equipment on Truck...

    7/30/09 - New Investment - View Story

  • Westar Energy Schedules Conference Call to Discuss Second Quarter 2009 Results

    7/21/09 - Financial Announcement - View Story

News & Analysis

seeking alpha and westar energy inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
William B. Moore President and CEO
Doug Sterbenz Executive Vice President and Chief Operating Officer
Mark A. Ruelle Chief Financial Officer
James Ludwig Executive Vice President, Public. Affairs & Con. Srvs.
Bruce Akin Vice President, Administrative Services
Caroline Williams Vice President, Distribution Power Delivery
Douglas J. Henry Vice President, Power Delivery
Greg A. Greenwood Vice President, Generation Construction
Jeff Beasley Vice President, Corporate Compliance and Internal Audit
Kelly B. Harrison Vice President, Transmission Operations and Environmental Services
Ken Johnson Vice President, Generation
Larry Irick Vice President
Leroy Wages Vice President
Michael Lennen Vice President, Regulatory Affairs
Peggy S. Loyd Vice President, Customer Care
Greg Umscheid Executive Director, Risk Management
John Olsen Executive Director, Marketing
Bruce Burns Director, Investor Relations
Phil Sadler Director, Operations
Randy Degenhardt Senior Director
Adam Herrman Manager, Real, Time Marketing
Bryan Taggart Manager, Generation Dispatch
Danny Lichtenauer Account Manager, Trade and Ally Services
Gina Penzig Manager, Consumer Services
Jill Koch Manager, Power Accounting
Jim Landrum Manager, Trade and Ally Services
Karla Olsen Senior Manager, Media Relations
Katie Rex Account Manager
Laura Lutz Account Manager, Consumer Services
Mark Callahan Manager, Mid-Term Marketing
Paul Dietz Manager, Quantitative Analyst
Paula Carvell Manager, Energy Efficiency, Demand Side Management
Steve Vetsch Manager, Marketing
Terri Wendlandt Manager, Credit Risk
Brenda Schremmer Supervisor, Real, Time Scheduling
Carla Zoetmulder Power Accounting Analyst (Financial & Settlements)
Chelsey Cairns Iso Settlement Analyst
Curt Dedonder Iso Settlement Analyst
Derek Feeney Power Accounting Analyst
Dewi Rusli Senior Risk Management Analyst
Hiro Nishi Senior Risk Management Analyst
John Cita Quantitative Analyst
Joyce Prewitt Power Accounting Analyst
Matt Cupps Energy Marketing Analyst
Pam Murray Fuels Marketing Analyst
Sheri McKinley Risk Management Analyst
Stephanie Johnson Supervisor, Term Scheduling
Tammie Rhea Programs Representative
Zac Broughton Power Accounting Analyst
Arthur B. Krause Director
James Haines JR. Director
Jerry B. Farley Director
Mollie H. Carter Director
R. A. Edwards Director
Tony Somma Treasurer

Board of Directors

Name (plus bio) Position
Charles Q. Chandler Chairman of The Board, President and Chief Executive Officer of Intrust Bank, N.A. In Wichita
Michael F. Morrissey Chairman
Tenley E. Albright Chairman
Alfred Roth Board of Directors
Anthony Isaac Board of Directors
B. Anthony Isaac Board of Directors
Chris O'Neill Board of Directors
Grant Wilkerson Board of Directors
John C. Nettels Jr. Board of Directors
Roy A Edwards Board of Directors
Sandra Lawrence Board of Directors

Organization Position Status
Intrust Bank NA Chief Executive Officer Current
Westar Energy, Inc. Chairman of The Board, President and Chief Executive Officer of Intrust Bank, N.A. In Wichita Current
Intrust Financial Corporation President Current
Intrust Financial Corporation Director Current
Wesley Medical Center, LLC Board Member Current
The Kansas Society for Crippled Children Board Member Current
The Salvation Army Board Member Current
New Horizons Foundation Board Member Current
Westar Energy, Inc. Director Current
Intrust Bank NA President Former
Northwestern University MBA In Finance Former
Kansas State University Bachelor of Business Administration Degree Former

William Moore rejoined Westar Energy in 2002 following a brief tenure as senior managing director and senior adviser for Saber Partners, LLC. His previous years with Westar Energy began in 1978 as a finance assistant. He held numerous financial positions with the company, becoming vice president, finance in 1985, executive vice president and chief financial officer in 1998 and executive vice president and chief operating officer in 2002. In 2006 he became president and chief operating officer. He also was chairman of the board for KGE and vice president of the electric division. He received his bachelor of business administration degree from Wichita State University in 1974. He is on several boards of directors, including Intrust Financial Corp, Goodwill Industries, the Kansas Sports Hall of Fame, Shocker Athletic Scholarship Organization, Wichita Area Chamber of Commerce, Wichita Insight and Wichita State University Foundation. He served as Wichita's chair for the National Conference for Community and Justice 2005 Walk As One and the 2004 United Way of the Plains Campaign.

Organization Position Status
Westar Energy, Inc. President and CEO Current
Westar Energy, Inc. Board of Directors Current
Intrust Financial Corporation Board of Directors Current
F.A.M.E. Board of Directors Current
Electric Company Chairman & President Former
Westar Energy, Inc. Executive Vice President Former
Westar Energy, Inc. Vice President, Finance Former
Saber Partners, LLC Senior Adviser Former
Westar Energy, Inc. Finance Assistant Former
Wichita State University Bachelor of Business Administration Degree Former

Organization Position Status
Westar Energy, Inc. Executive Vice President and Chief Operating Officer Current
The American National Red Cross Board of Directors Current
Knight's Inc. Board of Directors Current
Questar Energy Trading Company Director of Power Marketing Former
University of Texas at Tyler Master of Business Administration Degree Former
Kansas State University Bachelor of Science Degree In Mechanical Engineering Former

Organization Position Status
Westar Energy, Inc. Chief Financial Officer Current
Westar Energy, Inc. Executive Vice President Current
US Bioenergy Corp Chairman Current
Wolf Creek Nuclear Operating Corporation Director Current
US Bioenergy Corp Director Current
Nevada Power Company President Former
Nevada Power Company Chief Financial Officer Former
Nevada Power Company Senior Vice President Former
University of North Dakota Master of Arts Degree In Economics Former
University of North Dakota Bachelor of Arts Degree In Economics Former

Organization Position Status
Westar Energy, Inc. Executive Vice President, Public. Affairs & Con. Srvs. Current
The Industry Inc Board Member Current
Leadership Kansas Board Member Current
Let's Help, Inc Vice Chair Current
The Kansas Chamber of Commerce Board Member Current
Westar Energy, Inc. Vice President, Regulatory and Public Affairs Former
Westar Energy, Inc. Director of Government Affairs Former
Westar Energy, Inc. Information Specialist In Corporate Communications Current
University of Kansas Bachelor of Arts Degrees In Classical Languages and History In Former

Bruce Akin joined Westar Energy in 1987 and has served in various finance and accounting positions. Before assuming his current duties, Mr. Akin served as executive director, human resources. He has also held directorships in corporate development and internal audit. He received his bachelor of business administration, accounting, and master of business administration degrees from Washburn University. He serves on the CASA advisory board and the Ronald McDonald House Charities of Northeast Kansas board.

Organization Position Status
Westar Energy, Inc. Vice President, Administrative Services Current
Westar Energy, Inc. Executive Director, Human Resources Former
Washburn University Master of Business Administration Degree Former
Washburn University Bachelor of Business Administration, Accounting Former

Organization Position Status
Westar Energy, Inc. Vice President, Distribution Power Delivery Current
Kansas Department of Revenue Advisory Board Member Current
National Council YMCA of the USA Board Member Current
United Way of The Plains Board Member Current
Edison Electric Institute Member Current
Westar Energy, Inc. Executive Director Former
Westar Energy, Inc. Customer Billing Coordinator Former
Friends University Master's Degree In Human Resources, Organizational Development Former
Friends University Bachelor of Science Degree In Human Resources Former
Leadership Kansas Former

Organization Position Status
Westar Energy, Inc. Vice President, Power Delivery Current

Organization Position Status
Westar Industries, Inc. Vice President, Construction Services Current
Westar Energy, Inc. Vice President, Generation Construction Current
Westar Energy, Inc. Staff Accountant Current
Westar Industries, Inc. Treasurer Former
Edison Electric Institute Former
Westar Energy, Inc. Treasurer Former
Washburn University Bachelor of Business Administration, Accounting Degree Former
Washburn University Business Administration, Accounting Degree Former

Organization Position Status
Westar Energy, Inc. Vice President, Corporate Compliance and Internal Audit Current
Westar Energy, Inc. Executive Director, Corp Compliance & Internal Audit Former
Pittsburg State University Bachelor of Business Administration In Accounting Former

Organization Position Status
Westar Energy, Inc. Vice President, Transmission Operations and Environmental Services Current
Rmel Vice President, Transmission Operations & Environmental Services, Westar Energy Current
Rmel Board of Directors Current
The Nature Conservancy Board of Directors Current
Westar Energy, Inc. Executive Director Former
Westar Energy, Inc. Senior Director, Restructuring and Rates Former
Wichita State University Master of Science In Engineering Management Former
Westar Energy, Inc. Engineer Former
Wichita State University Master of Science In Engineering Management Former
Wichita State University Bachelor of Science In Electrical Engineering Former

Organization Position Status
Westar Energy, Inc. Vice President, Generation Current
Westar Energy, Inc. Executive Director, Generation Current
Westar Energy, Inc. Director, Engineering Former
TXU Corp. Manager, Maintenance Services Former
Louisiana State University B.S. Degree Former

Larry Irick joined Westar Energy's legal team in 1999 as executive director, law. He became corporate secretary in 2000 and vice president and corporate secretary in 2001, assuming his current duties in 2003. A graduate of Emporia State University and the Duke University School of Law, Mr. Irick practiced law in the Kansas City area for 17 years before he joined Westar Energy. He is a member of the Missouri Bar Association.

Organization Position Status
Westar Energy, Inc. Vice President Current
Westar Energy, Inc. Executive Director, Law Former
Westar Energy, Inc. General Counsel Former
Emporia State University Graduate Former
Duke Law School Graduate Former

Organization Position Status
Westar Energy, Inc. Vice President Current
Westar Energy, Inc. Controller Current
Westar Energy, Inc. Senior Director of Corporate Strategy Former
Westar Energy, Inc. Rate Analyst Former
Washburn University Bachelor of Business Administration, Accounting Degree Former
Washburn University Business Administration, Accounting Degree Former

Organization Position Status
Westar Energy, Inc. Vice President, Regulatory Affairs Current
Kansas Commission Chairman Former
Southwestern College Former

Organization Position Status
Westar Energy, Inc. Vice President, Customer Care Current
Westar Energy, Inc. Assistant Auditor Current
Lawrence High School President Former
Lawrence Chamber of Commerce Former
Wichita State University Bachelor's Degree In Accounting and Business Administration Former

Organization Position Status
Westar Energy, Inc. Executive Director, Risk Management Current

Organization Position Status
Westar Energy, Inc. Executive Director, Marketing Current

Organization Position Status
Westar Energy, Inc. Director, Investor Relations Current

Organization Position Status
Westar Energy, Inc. Director, Operations Current
Westar Energy, Inc. Director, Operations Former

Organization Position Status
Westar Energy, Inc. Senior Director Current
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Westar Energy, Inc. Manager, Real, Time Marketing Current

Organization Position Status
Westar Energy, Inc. Manager, Generation Dispatch Current

Organization Position Status
Westar Energy, Inc. Account Manager, Trade and Ally Services Current

Organization Position Status
Westar Energy, Inc. Manager, Consumer Services Current

Organization Position Status
Westar Energy, Inc. Manager, Power Accounting Current

Organization Position Status
Westar Energy, Inc. Manager, Trade and Ally Services Current

Organization Position Status
Westar Energy, Inc. Senior Manager, Media Relations Current

Organization Position Status
Westar Energy, Inc. Account Manager Current
Westar Energy, Inc. Energy Efficiency Programs Rep Former

Organization Position Status
Westar Energy, Inc. Account Manager, Consumer Services Current

Organization Position Status
Westar Energy, Inc. Manager, Mid-Term Marketing Current

Organization Position Status
Westar Energy, Inc. Manager, Quantitative Analyst Current

Organization Position Status
Westar Energy, Inc. Manager, Energy Efficiency, Demand Side Management Current

Organization Position Status
Westar Energy, Inc. Manager, Marketing Current

Organization Position Status
Westar Energy, Inc. Manager, Credit Risk Current

Organization Position Status
Westar Energy, Inc. Supervisor, Real, Time Scheduling Current

Organization Position Status
Westar Energy, Inc. Power Accounting Analyst (Financial & Settlements) Current

Organization Position Status
Westar Energy, Inc. Iso Settlement Analyst Current

Organization Position Status
Westar Energy, Inc. Iso Settlement Analyst Current

Organization Position Status
Westar Energy, Inc. Power Accounting Analyst Current

Organization Position Status
Westar Energy, Inc. Senior Risk Management Analyst Current

Organization Position Status
Westar Energy, Inc. Senior Risk Management Analyst Current

Organization Position Status
Westar Energy, Inc. Quantitative Analyst Current

Organization Position Status
Westar Energy, Inc. Power Accounting Analyst Current

Organization Position Status
Westar Energy, Inc. Energy Marketing Analyst Current

Organization Position Status
Westar Energy, Inc. Fuels Marketing Analyst Current

Organization Position Status
Westar Energy, Inc. Risk Management Analyst Current

Organization Position Status
Westar Energy, Inc. Supervisor, Term Scheduling Current

Organization Position Status
Westar Energy, Inc. Programs Representative Current
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Westar Energy, Inc. Power Accounting Analyst Current

Array

Organization Position Status
Westar Energy, Inc. Board of Directors Current
Ernst & Young managing partner Former
Temple University MBA in finance Former
University of Notre Dame bachelor of business administration in accounting Former

Organization Position Status
Harvard Medical School Lecturer Current
NYSE Group, Inc. Current
Westar Energy, Inc. Chairman Current
West Pharmaceutical Services, Inc. Director Current
Whitehead Institute for Biomedical Research Director Current
State Street Corporation Director Former
Radcliffe College Graduate Former
Harvard Medical School Graduate Former

Organization Position Status
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Lodgeworks Lodgeworks President Current
Young Presidents' Organization Board of Directors Current
Westar Energy, Inc. Board of Directors Current
Young Presidents' Organization Member Current
Residence Inn Former
Harvard University MBA Former
Massachusetts Institute of Technology degree in civil engineering Former

Arthur Krause was executive vice president and chief financial officer for Sprint Corporation from 1988 to 2002. From 1980 to 1986, he was senior vice president of United Telephone System. He was president of United Telephone - Eastern Group from 1986 to 1988. He also held various management positions at General Telephone and Electronics (GTE) from 1966 to 1971. He is on the board of directors of Inergy and Clockwork Home Services. He received a bachelor of science in accounting from Marquette University in 1966.

Organization Position Status
Inergy Board of Directors Current
Clockwork Home Services, Inc. Board of Directors Current
Inergy, L.P. Director Current
Westar Energy, Inc. Director Current
Inergy Holdings LLC Board of Directors Current
Sprint Corporation President, United Telephone, Eastern Group Former
Sprint Corporation Chief Financial Officer Former
Sprint Corporation Executive Vice President Former
Marquette University Bachelor of Science In Accounting Former
Inergy, L.P. Member Former

Organization Position Status
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Westar Energy, Inc. Director Current
Westar Energy, Inc. Chief Executive Officer Former
El Paso Electric Company CEO Former
El Paso Electric Company President Former
Westar Energy, Inc. President Former
El Paso Electric Company Director Former

Array

Organization Position Status
Westar Energy, Inc. Director Current
The American National Red Cross Director Current
American Cancer Society, Inc. Director Current
Washburn University Vice President Former
Oklahoma State University Vice President for Business and Finance Former
The University of Oklahoma Vice President Former
Oklahoma State University Professor of Education Former
The University of Oklahoma Professor of Education Former
Washburn University Professor of Education Former
The University of Oklahoma PhD Former
The University of Oklahoma MBA Former
The University of Oklahoma Bachelor of Science Degree Former

Organization Position Status
Westar Energy, Inc. Board of Directors Current
Stinson Morrison Hecker Llp Former
University of Kansas Bachelor of Arts Degree Former

Organization Position Status
Sunflower Banks NA Chief Executive Officer Current
Sunflower Banks NA President Current
Stara, Inc Vice President Current
Sunflower Banks NA chairman Current
Greater Salina Community Foundation Director Current
Premium Standard Farms, Inc. Board of Directors Current
Westar Energy, Inc. Director Current
Harvard Business School MBA Former
Dartmouth College Former

Organization Position Status
First National Bank Hutchinson President & CEO Current
The Davis Foundation Trustee Current
Westar Energy, Inc. Director Current
Data Center Inc. Director Current
First National of Hutchinson Director Current
First National of Hutchinson Chief Executive Officer Former
First National of Hutchinson President Former

Organization Position Status
Westar Energy, Inc. Board of Directors Current

Organization Position Status
Westar Energy, Inc. Board of Directors Current
Global Packaging Solutions CEO Former
Global Packaging Solutions President Former
Stern Brothers & Co president Former
Midwest Research Institute Inc. Cfo Former
Midwest Research Institute Inc. Senior Vice President Former
Center for Regional Development Director Former
Harvard Business School MBA Former
Massachusetts Institute of Technology master of arts in architecture Former
Vassar College Former

Organization Position Status
Westar Energy, Inc. Treasurer Current
American Institute of Certified Public Accountants Member Current
Protection One, Inc. Chief Financial Officer Former
Protection One, Inc. Senior Vice President, Finance and Administration Former
Westar Energy, Inc. Executive Director, Financial and Strategic Planning Former
Westar Energy, Inc. Treasurer Former
Bellevue University Bba Former

Executive News

  • Westar Energy Schedules Conference Call to Discuss Second Quarter 2009 Results

    RBC Dain Raushcer - 7/21/09 - View Story

  • Westar Energy Schedules Conference Call to Discuss Second Quarter

    Market Wire via MSN Money - 7/20/09 - View Story

  • Westar Energy, Inc.: Westar Energy Schedules Conference Call to Discuss Second Quarter 2009 Results

    Market Wire - 7/20/09 - View Story

  • Westar Energy Schedules Conference Call to Discuss Second Quarter 2009 Results

    Street Insider - 7/20/09 - View Story

  • Waste Management and Westar Energy Announce New Landfill Gas to Energy Facility

    Reuters - 7/15/09 - View Story

  • Waste Management and Westar Energy Announce New Landfill Gas to

    Market Wire via MSN Money - 7/15/09 - View Story

  • Firms reach transmission line deal: Companies will each build portions of project from W. Kan. to Wichita.

    TradingMarkets - 6/03/09 - View Story

  • KCC approves Westar rate increase

    Wichita Business Journal - 5/29/09 - View Story

  • Environmental Improvements at Westar Energy's Lawrence Energy Center to Further Reduce Emissions

    Reuters - 5/20/09 - View Story

  • Environmental Improvements at Westar Energy's Lawrence Energy

    Market Wire via MSN Money - 5/20/09 - View Story

  • Westar to open new substation

    Wichita Business Journal - 5/12/09 - View Story

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     WR $21.74 -0.06 (-0.28% )
Average Volume 941,227
Shares Outstanding 109.03M
Market Cap 2.4B
Year High 21.99
Year Low 14.86
Earnings Per Share 1.38
P/E Ratio 15.75
Dividend 1.20
Yield 5.52
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