The stable outlook on Kansas South incorporates that of its parent, Evergy Inc., which reflects our base-case scenario that the combined entity's regulated utility operations will continue to generate sufficient cash flow to maintain financial measures that support adjusted funds from operations (FFO) to debt of 15%-16% from 2019 through 2021. This range places the company below the midpoint of our significant financial risk profile assessment. The outlook also reflects our expectation of a stronger business risk profile and a clear path to realizing proposed synergies that result in operational improvements and cost savings. Further enhancing the business risk profile will be the almost full ownership of the Wolf Creek nuclear plant, strengthening control and leading to additional operating efficiencies.
