Overview Key strengths Key risks Largely predictable cash flow. Fossil fuel- and nuclear-based generation exposures. Effective management of regulatory risk. Limited geographic and regulatory diversity. Robust financial measures. Regulatory lag in cost recovery can pressure financial measures. Evergy Kansas South Inc.?s (Kansas South) long-term debt maturities are manageable, with only $50 million maturing in 2023 and no debt maturing in 2024 and 2025. Given its limited debt maturities over the next few years, as well as our expectation that it will not issue incremental long-term debt through 2024, we expect its financial measures to improve. This reflects the company's ability to recover costs through its regulatory framework on a consistent basis. We also expect its parent, Evergy Kansas Central (EKC),