The Kansas Corporation Commission will review details of Evergy’s new Sustainability Transformation Plan to protect ratepayer interests
TOPEKA – With the announcement that Evergy’s Board of Directors voted in favor of a standalone plan (Sustainability Transformation Plan) to increase shareholder value, KCC staff will soon begin its review of the details and how the Sustainability Transformation Plan might affect electric ratepayers.
In June, the KCC opened a general investigation into an agreement between Evergy, a regulated utility, and Elliot International. The agreement required the utility to develop a standalone plan to cut costs or pursue a merger transaction to increase shareholder profits. KCC staff were concerned that either path had the potential to have a negative impact on consumers.
Evergy is required to file a report addressing questions posed by KCC staff about the new Sustainability Transformation Plan within two weeks of today’s announcement. After receipt, the KCC as well as other stakeholders participating in the investigation, have 45 days to respond to the information provided.
Six stakeholder groups, including the Citizens’ Utility Ratepayer Board, Kansas Power Pool, Kansas Electric Power Cooperative Inc., Kansas Industrial Consumers, IBEW, and USD 259 Sedgwick County have intervened to participate in the investigation.
The general investigation docket is available on the KCC’s website at: https://estar.kcc.ks.gov/estar/portal/kscc/PSC/DocketDetails.aspx?DocketId=c1fa81fb-6557-4e0f-bf33-70fb0b5a47ad