Founded in 2017, Evergy, Inc., through its operating subsidiaries Kansas City Power & Light Company (KCP&L) and Westar Energy, Inc., provides clean, safe and reliable energy to 1.6 million customers in Kansas and Missouri. The company, along with its subsidiaries, has 15,373 megawatts (MWs) of owned generating capacity and renewable power purchase agreements. The company projects peak summer demand for 2021 to be 10,300 MWs, supported by the existing generation assets and power purchases.
The company owns, operates and maintains more than 52,800 miles of distribution lines, which include 39,800 circuit miles of overhead distribution lines, and 13,000 circuit miles of underground distribution lines in Missouri and Kansas. Evergy also has 10,100 miles of transmission lines.
During 2020, coal was used to produce 39% of its electricity, while renewables, nuclear and natural gas, and oil were utilized to generate 28%, 7% and 26%, respectively.
As the utility industry is evolving and technology is improving, the company is open to adoption of new technologies, as well as providing customers with better options to manage their energy use. At 2020-end, the company sold 85% of electricity to retail customers (which included residential, commercial and industrial), and 15% to wholesale and other customers group.
Different customer classes contributed to total revenues of the company for 2020. Residential, Commercial and Industrial group contributed 38%, 42% and 20%, respectively, to total 2020 revenues
Evergy’s Sustainability Transformation Plan is new five-year strategic plan that is aimed at optimizing capital allocation, generating cost savings, supporting clean energy generation, significantly increasing operational efficiencies in Evergy’s transmission and distribution networks, as well as contributing to earnings growth.