January 7, 2010 (FinancialWire) — Protection One, Inc. (NASDAQ: PONE), one of the largest electronic security companies in the United States, has received $22.75 million from its previous majority owner, Westar Energy, Inc. (Westar), related to the allocation of tax benefits arising out of the sale of Protection One by Westar in 2004.

As previously reported, in January 2009, Westar recognized a net tax benefit from the net operating loss carryforward generated by the sale, a portion of which Westar was required to pay the company pursuant to a tax-sharing arrangement between the parties.

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