We haven’t changed our view that full-year guidance for these expenses should increase in the 2% range. This just reflects a change in the spending pattern between the two years, for this year has been fairly consistent across the quarters compared to last year when a significant amount of expense came in the fourth quarter.Depreciation expense increased $4 million inline with our guidance and also reflecting plant additions completed last year. During the quarter, we issued an additional 1.2 million shares receiving about $26 million from shares reprised last year under a forward contract. We have 8.5 million forward shares remaining which we plan to sell later this month for about $200 million. This will raise our equity ratio to 52% consistent with our rate filing.
Westar Energy's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.