Evergy Reaches Settlement on Rate Increase Proposal with KCC in Kansas

Evergy has reached an agreement with the Kansas Corporation Commission (KCC) on a rate increase proposal, resulting in a 4.05% increase for Evergy Kansas Central customers and a 4.75% decrease for Evergy Kansas Metro customers. The settlement represents a net increase of $74 million for the former and a net decrease of $32.9 million for the latter. Evergy initially requested a higher rate hike, but the KCC staff determined that a lower increase and a decrease were more appropriate. The agreement allows Evergy to recover investments in improving the electric grid while maintaining regional rate competitiveness.