We returned to the commercial paper market in January, the first time in over a decade, which reduces our cost of short-term debt. As far as additional financing needs for the foreseeable future in light of current interest rates look for us to issue first mortgage bonds.Now, let me turn to our updated CapEx forecast. As has been the case for the last several years, our plans call for utility plans and investment of almost $2.5 billion over the next three years. Two-thirds of this year’s plan and investment is to satisfy environmental regulations and support the Southwest Power Pool’s efforts to ensure reliable transmission.
Westar Energy's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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