Evergy reaches unanimous settlement with parties to Kansas rate case - Seite 2

Kansas customers have received significant benefits from the merger, as more than $232 million in merger credits were returned to customers. And despite record U.S. inflation of more than 21.5% since 2017, Evergy’s Kansas rates have remained well under inflation and steady over the same period. Including today’s rate settlement, Evergy’s Kansas rates have increased only 1% since 2017. That is in contrast with neighboring states, where during the same period regional rates increased 12.7%.

Competitive Rates Bolster Economic Development in Kansas

Economic development is vitally important to Evergy. Our business is local. If Kansas does not thrive and grow, Evergy does not thrive and grow. Evergy is focused on having competitive electric rates to enable economic investment and development in Kansas. This settlement advances regional rate competitiveness and will bolster the already strong economic development efforts over the last six years.

Since 2019, Evergy has played a role in attracting 73 major economic development projects to our service territory in Kansas and Missouri. Of those projects, 47 of them (or approximately 64%) chose to invest in Kansas. This represents more than 12,000 jobs created, $7.3 billion in investment and major successes in attracting businesses in emerging market segments including new energy technologies, re-shored and advanced manufacturing, as well as major data centers. These projects are energy-intensive users where electric rates, cost competitiveness and reliability are primary considerations in choosing where to locate.

Related: Evergy Files Kansas First Rate Review in Five Years to Recover Investments to Modernize the Power Grid, Increase Reliability and Enhance Customer Service

About Evergy

Evergy, Inc. (NASDAQ: EVRG), serves 1.7 million customers in Kansas and Missouri. Evergy’s mission is to empower a better future. Our focus remains on producing, transmitting and delivering reliable, affordable, and sustainable energy for the benefit of our stakeholders. Today, about half of Evergy’s power comes from carbon-free sources, creating more reliable energy with less impact to the environment. We value innovation and adaptability to give our customers better ways to manage their energy use, to create a safe, diverse and inclusive workplace for our employees, and to add value for our investors. Headquartered in Kansas City, our employees are active members of the communities we serve.