54507--2/27/2009--WESTAR_ENERGY_INC

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Our Revenues Depend Upon Rates Determined by the KCC and FERC Our Costs May Not be Fully Recovered in Rates Equipment Failures and Other External Factors Can Adversely Affect Our Results Fuel Deliveries Can Be Interrupted or Slowed and Transmission Systems May Be Constrained We May Have Material Financial Exposure Relating to Environmental Matters Accounting Regulations Unique to Public Utilities Could Change We Face Financial Risks Associated With Wolf Creek Our Planned Capital Expenditures Are Significant To Our Results Of Operations Uncertainty in the Credit Markets and the Impact on the Economy in Our Service Territory

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54507--2/27/2009--WESTAR_ENERGY_INC_/KS