Evergy Kansas Central Inc.

Overview Key strengths Key risks Fully regulated, vertically integrated electric utility. Fossil-based generation fleet that exposes the company to operating risks. Effective management of regulatory risk in Kansas. Geographic and regulatory diversity limited to one state. Industrial customer exposure that increases revenue dependence on the service territory?s economic performance. EKC is to file a rate case in April 2023, with new rates effective in December 2023. This will be the first base rate case since 2018. Once implemented, a rate increase should provide for cost recovery of investments and changes in operating expenses. In June 2022, the KCC authorized EKC to recover about $120 million of deferred energy costs along with a 1% carrying charge on the balance through the

...We expect Evergy Kansas Central Inc.'s (EKC) next rate case to strengthen credit measures. EKC is to file a rate case in April 2023, with new rates effective in December 2023. This will be the first base rate case since 2018. Once implemented, a rate increase should provide for cost recovery of investments and changes in operating expenses. The Kansas Corporation Commission (KCC) approved EKC's rate recovery of costs incurred in a February 2021 winter storm. In June 2022, the KCC authorized EKC to recover about $120 million of deferred energy costs along with a 1% carrying charge on the balance through the utility's fuel recovery mechanism over 24 months beginning in April 2023....

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