STRANGE SOUND MAY DELAY KANSAS POWER MERGER

STRANGE SOUND MAY DELAY KANSAS POWER MERGER

Kansas Power and Light Co. said Thursday its merger with Kansas Gas and Electric Co. may be delayed because of a potential mechanical problem at its Wolf Creek Generating Station.

The company said concern was raised after an undetermined sound was heard at the site Feb. 28 by plant operators.Wolf Creek is a 1,150-megawatt nuclear-fueled generating station in Coffey County, Kansas. Kansas Gas owns 47 percent of the plant. The rest of the plant is owned by Kansas City Power and Light and Kansas Electric Power Cooperative. Both companies are unrelated to Kansas Power.

Kansas Power initiated the merger Oct 28, 1990, and has agreed to pay about $1 billion for Kansas Gas. The closing date for the merger was scheduled for Friday.

The company said a decision to delay the merger would depend on the outcome of an inspection being conducted on site by a Nuclear Regulatory

Commission team.

Kansas Power said Kansas Gas shareholders must decide if they want to receive payment in the form of KPL stock, cash, or a combination of the two in exchange for their shares. The shares of both companies were halted on the New York Stock Exchange ahead of this news.