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4:17 WICHITA, Kansas Utility companies in Kansas will soon have a new accounting tool that could speed the closure of coal-fired power plants and save customers money. The financial tool is known as securitization. It’s not a new idea, but it is complex. The Kansas Legislature passed a bill approving the use of the tool after more than two years of discussion. Here’s what you need to know about the change, and how it could remake how utilities generate electricity in Kansas. What is securitization? It’s a way for a utility company to refinance what it owes on some of its large investments think mostly coal plants at a much lower interest rate. ....
4:20 KINSLEY, Kansas In the late 1980s, drought left the wells that supply water to the city of Hays and Russell in western Kansas precariously low. The near-catastrophe sent city leaders on the hunt for more water. “We were just trying to survive from one year to the next,” former Hays mayor and city councilman Eber Phelps said. The cities researched their options, including looking into purchasing water from several nearby reservoirs. It looked like foresight. The two cities had locked in water rights that would allow them to grow in a relatively parched part of the world. It may yet prove to be just that if years of fighting with the farming neighbors of the R9 end in a win. ....
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