Overview Key strengths Key risks Fully regulated, vertically integrated electric utility. Operating and environmental risks associated with its ownership of nuclear and coal-fired generation. Insulated subsidiary with robust financial measures. Negative discretionary cash flow after capital spending and dividends. More than 85% customers are residential, providing cashflow stability. Evergy Metro filed a rate case with the Kansas Corporation Commission (KCC) requesting a $14 million net rate increase in April 2023. However, the unanimous settlement filed in September 2023 included a $32.9 million net rate reduction. The KCC subsequently adopted the settlement and new rates are effective Dec. 21, 2023. The final rate outcome was below our base-case expectations. We expect the company to manage regulatory risk in Missouri and Kansas
