EVRG

Evergy Plan Maintains Lowest-cost Approach to Meeting Growing Customer Electricity Demand, Maintaining Reliability and Advancing Sustainability

Retrieved on: 
Monday, April 1, 2024
Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, Nuclear, Electricity, EVRG, Solar energy, Growth, Missouri Public Service Commission, Economic development, Wind, Carbon, Plant, Integrated Resource Plan, Retirement, Renewable energy

This outlines the plan to meet customer electricity needs over the next 20 years.

Key Points: 
  • This outlines the plan to meet customer electricity needs over the next 20 years.
  • The 2024 plan includes 1,900 MW of additional generation over what was anticipated in its 2023 update filing.
  • “We remain committed to advancing reliability, affordability and sustainability as we replace older, higher-cost plants with newer technologies.
  • A similar filing will be made in Kansas in May, which will include details related to the Evergy Kansas Central portion of the plan.

Evergy Chairman Mark Ruelle to Retire; Evergy President and CEO David Campbell to Serve as Chairman of the Board

Retrieved on: 
Friday, March 8, 2024
Utilities, Energy, Great Plains Energy, Woman, Judgement, EVRG, Westar, Management

David Campbell, Evergy’s president and chief executive officer, has been nominated by the board of directors to assume the role of chairman of the board following Evergy’s annual meeting.

Key Points: 
  • David Campbell, Evergy’s president and chief executive officer, has been nominated by the board of directors to assume the role of chairman of the board following Evergy’s annual meeting.
  • Ruelle has served as non-executive chairman of the board since 2018, when predecessor companies Westar Energy, Inc. and Great Plains Energy merged to form Evergy.
  • “Mark has provided outstanding leadership as chairman of our board for the past six years since the merger that created Evergy,” Campbell said.
  • Ruelle, who led the search committee that recruited Campbell to Evergy, noted, “Evergy, our employees, customers, communities and shareholders are in great hands with David at the helm.

Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024
Alternative Energy, Energy, Environment, Sustainability, Utilities, Weather, Investment, Form 10-K, Growth, Sale, COLI, JEC, Adelaide Street, Brisbane, GAAP, Webcast, Depreciation, Security (finance), KCC, O&M, EPS, Asset, EVRG, FERC, Bank

Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.

Key Points: 
  • Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.
  • Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.
  • The Company issued its 2024 GAAP EPS guidance range of $3.73 to $3.93, along with its 2024 adjusted EPS (non-GAAP) guidance range of $3.73 to $3.93.
  • Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board.

Evergy Requests to Recover Costs Related to Generation Capacity, Grid Modernization for Evergy Missouri West Customers

Retrieved on: 
Friday, February 2, 2024
Alternative Energy, Energy, Utilities, Oil, Gas, Multimedia, Growth, FERC, EVRG, EIA, Ageing, Investment, Automation, Documentation, Missouri Public Service Commission, Property tax, City, Acquisition, Bureau of Labor Statistics, Electricity, TDC, Private law, Renewable energy

Evergy, Inc. (NASDAQ: EVRG) filed a request and supporting documentation with the Missouri Public Service Commission today to recover investments made in generation capacity and grid modernization for customers in its Evergy Missouri West service area.

Key Points: 
  • Evergy, Inc. (NASDAQ: EVRG) filed a request and supporting documentation with the Missouri Public Service Commission today to recover investments made in generation capacity and grid modernization for customers in its Evergy Missouri West service area.
  • (Graphic: Business Wire)
    The Evergy Missouri West service area serves more than 340,000 customers and includes St. Joseph, Liberty, Platte City, Harrisonville, and Warrensburg, among other cities.
  • As part of today’s filing, Evergy is requesting to increase base rates for Evergy Missouri West customers by about $104 million, or 13.42% percent, excluding fuel.
  • In past studies, Crossroads has been identified as the most cost-efficient way to meet capacity requirements for Evergy Missouri West customers.

Evergy Announces Upsize and Pricing of Offering of Convertible Notes Due 2027

Retrieved on: 
Tuesday, December 5, 2023
Energy, Utilities, Oil, Gas, EVRG, Sale, SEC Rule 144A, Person, Security (finance), Note

Evergy, Inc. (NASDAQ: EVRG) (“Evergy” or the “Company”) announced the pricing of its private offering of $1,200,000,000 aggregate principal amount of its convertible notes due 2027 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), reflecting an upsize of $100 million over the previously announced offering size.

Key Points: 
  • Evergy, Inc. (NASDAQ: EVRG) (“Evergy” or the “Company”) announced the pricing of its private offering of $1,200,000,000 aggregate principal amount of its convertible notes due 2027 (the “Notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), reflecting an upsize of $100 million over the previously announced offering size.
  • The offer and sale of the Notes are not being registered under the Securities Act, or the securities laws of any other jurisdiction.
  • Any offers of the Notes will be made only by means of a private offering memorandum.
  • The Notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the private offering memorandum.

Evergy Announces Proposed Offering of Convertible Notes Due 2027

Retrieved on: 
Monday, December 4, 2023
Energy, Utilities, Oil, Gas, EVRG, Sale, SEC Rule 144A, Note, Person, Security (finance)

The Notes will mature on December 15, 2027, unless earlier converted or repurchased.

Key Points: 
  • The Notes will mature on December 15, 2027, unless earlier converted or repurchased.
  • The interest rate, the initial conversion rate and the other terms of the Notes will be determined upon pricing of the offering by negotiations between the Company and the initial purchasers of the Notes.
  • Any offers of the Notes will be made only by means of a private offering memorandum.
  • The Notes being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the private offering memorandum.

Former MOPSC Commission Chairman Kevin Gunn to join Evergy

Retrieved on: 
Tuesday, November 28, 2023
Sustainability, Energy, Utilities, Environment, NextEra Energy Resources, Policy, Executive Committee, Missouri Public Service Commission, State, Greater St. Louis, National Association, EVRG, Bar association, NARUC, Partnership, Illinois Commerce Commission, Political Affairs (magazine), S-1 Executive Committee, Renewable energy, Evergy

Evergy, Inc. (NASDAQ: EVRG) announced today that Kevin Gunn will join its leadership team in January.

Key Points: 
  • Evergy, Inc. (NASDAQ: EVRG) announced today that Kevin Gunn will join its leadership team in January.
  • I’m excited to have him join our Evergy leadership team.”
    Gunn joins Evergy with 20 years of experience in policymaking, energy and regulation.
  • He served on the Missouri Public Service Commission for five years, including as Chairman, and on the board of the National Association of Regulatory Utility Commissioners (NARUC).
  • In his role at Evergy, Gunn will focus in particular on the company’s work with Missouri and federal regulators and stakeholders.

Evergy Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Utilities, Energy, Adelaide Street, Brisbane, Sale, Security (finance), Weather, Kansas Corporation Commission, KCC, Cyprus Securities and Exchange Commission, GAAP, JEC, Growth, EPS, Webcast, FERC, Economic development, Depreciation, EVRG, Investment, COLI, Bank, Insurance, Cryptocurrency, Evergy

Evergy, Inc. (NASDAQ: EVRG) today announced third quarter 2023 GAAP earnings of $351.6 million, or $1.53 per share, compared to GAAP earnings of $428.2 million, or $1.86 per share, for third quarter 2022.

Key Points: 
  • Evergy, Inc. (NASDAQ: EVRG) today announced third quarter 2023 GAAP earnings of $351.6 million, or $1.53 per share, compared to GAAP earnings of $428.2 million, or $1.86 per share, for third quarter 2022.
  • Evergy’s third quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $432.3 million and $1.88, respectively, compared to $460.8 million and $2.00 in 2022.
  • "We are narrowing our 2023 adjusted earnings per share guidance range to $3.55 to $3.65 from $3.55 to $3.75 and establishing a long-term growth target of 4% to 6% off the original 2023 midpoint of $3.65.
  • Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board.

Evergy reaches unanimous settlement with parties to Kansas rate case

Retrieved on: 
Friday, September 29, 2023
Alternative Energy, Energy, Utilities, Oil, Gas, Commissioner, EVRG, Multimedia, Investment, Kansas Corporation Commission, Hutchinson, Mobile telephony, Kansas City metropolitan area, Evergy

Evergy, Inc. (NASDAQ: EVRG) today announced that a unanimous agreement has been reached with parties to its Kansas rate case.

Key Points: 
  • Evergy, Inc. (NASDAQ: EVRG) today announced that a unanimous agreement has been reached with parties to its Kansas rate case.
  • "As a result of this settlement, average retail rates in Kansas will have increased just one percent, cumulatively, since 2017.
  • If the agreement is approved, Evergy Kansas Central will implement a net increase of $74.0 million and Evergy Kansas Metro will have a net decrease of $32.9 million.
  • For Evergy Kansas Metro, which includes Lenexa, Overland Park and other communities near the Kansas City metro area, rates for residential customers will decrease about 4.75%, and the average residential customer will pay

Evergy Announces Second Quarter 2023 Results, Declares Quarterly Dividend and Reaffirms 2023 Guidance

Retrieved on: 
Friday, August 4, 2023
Utilities, Energy, JEC, GAAP, History, Cyprus Securities and Exchange Commission, Sale, FERC, EVRG, KCC, Investment, Adelaide Street, Brisbane, Webcast, Depreciation, Weather, EPS, Security (finance), Bank, Cryptocurrency, Evergy

Evergy’s second quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $186.1 million and $0.81, respectively, compared to $194.5 million and $0.84 in 2022.

Key Points: 
  • Evergy’s second quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $186.1 million and $0.81, respectively, compared to $194.5 million and $0.84 in 2022.
  • “We remain on track to meet our expectations for the year after delivering solid second quarter performance," said David Campbell, Evergy president and chief executive officer.
  • The Company reaffirmed its 2023 GAAP EPS guidance range of $3.55 to $3.75, along with its 2023 adjusted EPS (Non-GAAP) guidance range of $3.55 to $3.75.
  • Adjusted EPS (non-GAAP) guidance is reconciled to GAAP EPS guidance in the financial table included in this release.