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KCC schedules public workshop for Evergy to explain dramatic increase in capital spending plan

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TOPEKA – The Kansas Corporation Commission (KCC) has scheduled a workshop on December 13 at 9:30 a.m. to give Evergy officials an opportunity to explain a dramatic increase in the company’s capital expenditure projections. The plan, filed earlier this year, showed an increase of $1.2 billion compared to projections shared when the company presented its Sustainability Transformation Plan (STP) last year.

In an order issued on September 15, the Commission directed Evergy to work with KCC staff and the Citizens Utility Ratepayer Board (CURB) to schedule the workshop, which will be conducted by Zoom and available for public viewing on the Commission’s YouTube channel. The workshop will also be recorded for later viewing.

During the workshop, Evergy will be asked to explain the necessity and impact of the proposed capital spending and answer questions from KCC Commissioners, Commission Staff and CURB. Prior to the workshop, Evergy is required to file updated and comprehensive financial modeling showing expected retail rate changes resulting from continued increases in capital expenditures. That information must be submitted by December 2.

Evergy is required to file a Capital Investment Plan with the KCC annually. A report filed by Commission Staff in response to the 2022 report expressed concern that the expenditures outlined exceeded those reported in the STP by 21.82%. The 2022 five-year Capital Investment plan was $1 billion higher than the 2021 five-year plan, and this increased spending projection was on top of a previously announced $1 billion increase between Evergy’s 2020 and 2021 five-year plan.

Today’s order is available here.

A recording of today’s Business Meeting is available on the KCC YouTube channel.

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Derek Nester
Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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