Evergy, Inc.

“Evergy is a public utility holding company incorporated in 2017 and headquartered in Kansas City, Missouri.”

“Evergy Transmission Company, LLC (Evergy Transmission Company) owns 13.5% of Transource Energy, LLC (Transource) with the remaining 86.5% owned by AEP Transmission Holding Company, LLC, a subsidiary of American Electric Power Company, Inc. (AEP).”

“Evergy serves approximately 1.7 million customers located in Kansas and Missouri. Customers include approximately 1.5 million residences, 0.2 million commercial firms and 7,400 industrials, municipalities and other electric utilities.”

“Evergy's owned generation and power purchases from others, as a percentage of total megawatt hours (MWhs) generated and purchased, was approximately 60% and 40%, respectively, over the last three years. About 60% of Evergy's purchased power was purchased under long-term renewable purchased power contracts over the last three years.”

“202520242023 Residential37%37%37% Commercial33%34%33% Industrial11%12%12% Wholesale5%5%7% Transmission9%8%7% Other5%4%4% Total100%100%100%”

“Coal5,930 37 % Wind(a) 4,525 29 Natural gas and oil4,229 27 Uranium1,106 7 Solar and landfill gas22 — Total capacity15,812 100 %”

“however, price and availability of power purchases may be impacted during periods of high demand or reduced supply.”

“targeting approximately $21.6 billion of expected capital investments through 2030 including new generation of approximately $9.3 billion which is expected to be primarily natural gas, renewable generation and battery storage capacity”

“the Evergy Companies signed electric service agreements (ESAs) with multiple large load customers to serve data centers with a projected peak steady state load of approximately 1,900 MWs.”

“The provisions in the LLPS rate plans in both Kansas and Missouri apply to new or existing customers adding load in excess of 75 MWs. These plans have a term length of 12 years after a period of up to 5-years of transitional load.”

“Missouri and Kansas continue to operate on the fully integrated and regulated retail utility model. As a result, the Evergy Companies do not compete with others to supply and deliver electricity in their franchised service territories”

“including growth in earnings per share and targeting a 50%-60% dividend payout ratio.”

“Evergy has a goal to achieve net-zero CO2e emissions, for scope 1 and 2 emissions, by 2050 through the responsible transition of the Evergy Companies' generation fleet.”

“The unanimous settlement provides for an increase to retail revenues of $128.0 million after rebasing property tax expense”

“In February 2026, Evergy Metro filed an application with the MPSC to request an increase to its retail revenues of approximately $140 million.”

“Operating revenues$5,961.6 $114.3 $5,847.3”

“Evergy is significantly impacted by seasonality with approximately one-third of its retail revenues recorded in the third quarter.”

“have fuel recovery mechanisms in their Kansas and Missouri jurisdictions, as applicable, that allow them to defer and subsequently recover or refund, through customer rates, substantially all of the variance in net energy costs”

“Evergy expects its 2026 Kansas and Missouri jurisdictional retail revenues to be approximately 60% and 40%, respectively, based on historical averages”

“Evergy has an indirect 94% ownership interest in Wolf Creek Generating Station (Wolf Creek), which is subject to regulation by the Nuclear Regulatory Commission (NRC)”

“Evergy Kansas Central(a) KCC9.7% (b)October 2025 Evergy Metro - KansasKCC9.4% (b)December 2023 Evergy Metro - MissouriMPSC(c)January 2023 Evergy Missouri WestMPSC(c)January 2025”

“Wolf Creek is reliant on a sole supplier for nuclear fuel assembly fabrication and related services. The supplier has in the past been the subject of Chapter 11 reorganization proceedings”

“Evergy Kansas Central and Evergy Metro will be unable to recover deferred amounts to the extent that inclusion of the incremental regulatory asset created by PISA causes base rates to increase more than 1.5% per year.”

“uncertainties related to projected rapid growth in electricity demand driven primarily by data centers and other large load customers and the related requirement for new generation and transmission investments, creating capital access, revenue recovery and customer affordability risks”

“impact of geopolitical conflicts on the global energy market, including the ability to contract for non-Russian sourced uranium”

“the extent to which counterparties are willing to do business with, finance the operations of or purchase energy from the Evergy Companies due to the fact that the Evergy Companies operate coal-fired generation”