TOPEKA, Kan., Dec. 5, 2003 — Westar Energy has learned that a federal grand jury has indicted two former executives, David C. Wittig and Douglas T. Lake, on charges related to their conduct during their service as officers, which ended in late 2002.
“It is inappropriate for us to comment or speculate about the specific charges in the indictments,” said Jim Ludwig, vice president, public affairs. “We have confidence in the judicial process. The conduct and activities related to these charges were exhaustively examined in a report of a Special Committee of the company’s Board of Directors publicly released in May 2003.”
As previously disclosed, Westar Energy has not been advised by the U.S. Attorney’s office that the company is a target of its investigation. Westar Energy continues to cooperate with the U.S. Attorney’s office.
Westar Energy, Inc. is the largest electric utility in Kansas and owns interests in monitored security and other investments. Westar Energy provides electric service to about 654,000 customers in the state.
Westar Energy has nearly 6,000 megawatts of electric generation capacity and operates and coordinates more than 34,800 miles of electric distribution and transmission lines. The company has total assets of approximately $6.1 billion, including security company holdings through ownership of Protection One, Inc.
For more information about Westar Energy, visit us on the Internet at http://www.wr.com.