Western Resources announces total earnings for the third quarter of 2000 were 89 cents per share, vs. 72 cents per share a year ago. Year-to-date earnings also led last year’s totals, at $2.39 per share for the nine months ended Sept. 30, 2000, vs. $1.31 per share for the same period of 1999.
“The company’s electric operations performed well in response to record peak demands on the system and sustained our excellent record of reliability in the third quarter of 2000,” says David C. Wittig, chairman of the board, president and CEO. “We are also very pleased with the agreement announced on Nov. 9 to combine our electric assets with those of Public Service Company of New Mexico (PNM). We believe that PNM’s experience, long-term growth strategy and unique geographic position will result in benefits for shareholders and opportunities for our customers, employees and the communities we serve.”
Western Resources is a consumer services company with interests in monitored services and energy. The company has total assets of about $8 billion, including security company holdings through ownership of Protection One and Protection One Europe, which have more than 1.6 million security customers.
