Evergy blames renewable plans, inflation for $1 billion rise in infrastructure plans

Evergy, the state's largest electric utility, says it needs to add $1 billion to its infrastructure plans, citing inflation rates and plans to add renewable energy. Others are more skeptical of the company's claims.

By

State News

January 10, 2023 - 2:11 PM

Evergy headquarters in downtown Topeka. Photo by Sherman Smith / Kansas Reflector

Kansas’ largest electric utility says inflation and plans to add more renewable energy are to blame for the ever-rising estimated cost of its infrastructure investments.

Evergy’s plan, which outlines investments in the grid and energy production, is more than $1 billion higher than the one it filed in 2021, which was $1 billion higher than its filing in 2020.

The new capital plan also estimates $1.2 billion more in spending compared to Evergy’s “sustainability transformation plan,” which critics already worried would overspend in order to benefit the utility’s shareholders.

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