Evergy Metro Inc.

Overview Key strengths Key risks Fully regulated, vertically integrated electric utility. Fossil-based generation fleet exposes the company to operating risks. Effective management of regulatory risk in Kansas and Missouri. Lack of geographic diversity. Robust financial measures. Negative cash flow after capital spending and dividends. Missouri rate increase to strengthen financial metrics. The Missouri Public Service Commission (MPSC) authorized Evergy Metro Inc. (EM) Missouri, to increase base rates, the first time since 2018. The increase includes a settled amount of $25 million. The new rates will take effect in early December 2022. In June 2022, the KCC ordered Evergy Metro to recover or refund, as appropriate, its deferred February 2021 winter weather amounts to customers through the fuel recovery mechanism over

... utility. Fossil-based generation fleet exposes the company to operating risks. Effective management of regulatory risk in Kansas and Missouri. Lack of geographic diversity. Robust financial measures. Negative cash flow after capital spending and dividends. We expect the Missouri rate increase to strengthen financial metrics. The Missouri Public Service Commission (MPSC) authorized Evergy Metro Inc. (EM) Missouri, to increase base rates, the first time since 2018. The increase includes a settled amount of $25 million. The new rates will take effect in early December 2022. The Kansas Corporation Commission (KCC) and MPSC both addressed February 2021 winter storm costs incurred by Evergy Metro. In June 2022, the KCC ordered Evergy Metro to recover or refund, as appropriate, its deferred February 2021 winter weather amounts to customers through the fuel recovery mechanism over 12 months beginning in April 2023. Also, in Evergy Metro's next Kansas...

Full Report