During the quarter, we priced 1.1 million common shares which we intend to settle late next year. Our 2012 plans for equity haven't changed. We don't intend to increase our shares outstanding this year other than a few from our dividend reinvestment plan.In May, we issued an additional $300 million of 30-year first mortgage bonds at a rate of just over 4%. We accomplished this through a reopen of the bonds we issued in March. Some of those proceeds were used to redeem $150 million of higher cost first mortgage bonds. All total to the second quarter we've issued $550 million of first mortgage bonds and redeemed $220 million of higher cost debt. We also recently redeemed our outstanding preferred stock. This refinancing activity should provide about $3.5 million of annual savings.
Westar Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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