Western Resources Reports 2000 Earnings Increase
TOPEKA, Kan.
Western Resources, a consumer services company with interests in monitored (Protection One) services and energy, announces its total earnings for the year ending Dec. 31 were $1.96 per share vs. 20 cents per share in 1999.
“Our three major strategic initiatives announced in 2000 – plans to combine our electric businesses with Public Service Co. of New Mexico (PNM), requests for electric rate increases in Kansas and the spin-off of Westar Industries – are progressing,” says David Wittig, chairman of the board, president and CEO of Western Resources.
Monitored services under Westar Industries incurred a loss of 85 cents per share included in 2000 annual results vs. a loss of $1.02 per share in 1999. The company’s 45-percent investment in ONEOK Inc., a Tulsa, Okla.-based natural gas company, contributed 55 cents to earnings per share in 2000, 2 cents per share less than in 1999.
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