EVRG · 10-Q · 2026Q3 · Full report
Rate Case Outcomes
Evergy, Inc. · 2026-11-05 · Importance 58 · Surprise 42 · In source text
In November 2026, Evergy Missouri West filed an MPSC rate-case application seeking approximately $229.5 million in additional retail revenue, or $182.6 million before rebasing fuel and purchased power expense and $137.8 million excluding certain regulatory amortizations as well. The request seeks a 10.25% return on equity on a capital structure with 52% equity and includes recovery of solar and infrastructure investments and financing costs for natural gas plants under construction, partly offset by new large-load revenues; new rates are expected in October 2027. Evergy Metro requested approximately $140 million of additional retail revenue in February 2026, based on a 10.5% return on equity and 52% equity capital structure. After an October evidentiary hearing and partial stipulations, an MPSC order was expected before year-end 2026, with Metro's new rates expected in January 2027.
Key facts
- In November 2026, Evergy Missouri West requested an approximately $229.5 million increase in retail revenues; the request was approximately $182.6 million before rebasing fuel and purchased power expense and $137.8 million excluding certain regulatory amortizations.
- In February 2026, Evergy Metro requested an approximately $140 million increase in retail revenues.
- Evergy Missouri West's rate request included recovery of solar and infrastructure investments and financing costs for natural gas plants under construction, partially offset by new large load revenues; new rates are expected in October 2027.
- Evergy Metro's rate case had an evidentiary hearing in October 2026; partial stipulations were reached, other issues remained outstanding, and an MPSC order was expected before the end of 2026, with new rates expected in January 2027.
- Evergy Missouri West's November 2026 rate request reflected a 10.25% return on equity and a capital structure composed of 52% equity.
- Evergy Metro's 2026 rate request reflected a 10.5% return on equity and a capital structure composed of 52% equity.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | probable | +2.4% | In November 2026, Evergy Missouri West requested an approximately $229.5 million increase in retail revenues; the request was… |
| revenue | positive | probable | +1.5% | In February 2026, Evergy Metro requested an approximately $140 million increase in retail revenues. |