Evergy's Q4 2024: Discrepancies in Generation Capacity, Tariff Resolutions, and EPA Regulations

These are the key contradictions discussed in Evergy's latest 2024Q4 earnings call, specifically including: Generation Capacity Expansion and Timeline, Large Load Tariff and Customer Announcements, and Impact of EPA Regulations on IRP:



Earnings Performance and Weather Impact:
- Evergy reported adjusted earnings of $3.81 per share for 2024, compared to $3.54 per share the previous year.
- The increase in earnings was driven by strong cost management, offsetting mild weather conditions.

Capital Investment and Grid Modernization:
- Evergy invested $2.3 billion in infrastructure in 2024 to improve reliability and resiliency.
- This investment is part of a five-year $17.5 billion capital plan to support regional economic growth.

Economic Development and Demand Growth:
- Evergy forecasted weather-normalized demand growth of 2% to 3% through 2029, with a significant contribution from announced large customers.
- This growth is supported by Evergy's robust economic development pipeline and strategic investments in grid modernization.

Regulatory and Legislative Progress:
- Evergy achieved a unanimous settlement with stakeholders in its Missouri West rate case, adding a joint ownership interest in the Dogwood Energy Center.
- The company is optimistic about the passage of Senate Bill 4 in Missouri, which supports infrastructure investment and resource adequacy.