Tool could speed end to Kansas coal plants

Utility companies in Kansas will soon have a new accounting tool that could speed the closure of coal-fired power plants — and save customers money.

By

News

April 8, 2021 - 8:44 AM

WICHITA, Kansas — Utility companies in Kansas will soon have a new accounting tool that could speed the closure of coal-fired power plants — and save customers money.

The financial tool is known as securitization. It’s not a new idea, but it is complex. The Kansas Legislature passed a bill approving the use of the tool after more than two years of discussion.

It’s a way for a utility company to refinance what it owes on some of its large investments — think mostly coal plants — at a much lower interest rate.

Related
June 15, 2020
January 20, 2020
June 21, 2019
August 23, 2018