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Nov. 29, 2021Wichita, Kan. | By: AP
WICHITA, Kan. (AP) - Kansas utility regulators have issued an order requiring Evergy to explain and justify a plan to spend $10.4 billion on its electrical system and report quality of service measures on a quarterly basis amid concerns that the plan is designed largely to benefit a hedge fund investor.
The Wichita Eagle reports that members of the Kansas Corporation Commission sent a strong signal Tuesday that they won't tolerate efforts to increase shareholder profits at the expense of unreasonably high rates for Evergy's 1 million Kansas customers.
In a written statement, Evergy said it was reviewing the commission's order before identifying "if there are appropriate next steps."
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