Earnings call transcript Q2 2023

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Operator

Good day, and thank you for standing by. Welcome to the Q2 2023 Evergy, Inc. Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded. to Flynn, conference Director like speaker to now Pete today, of would hand over the your I Investor Relations. ahead. go Please

Peter Flynn

Thank everyone. morning, XXXX and Evergy's , Quarter Call. Earnings Welcome Second Conference you, to good

to of slides our cause SEC Relations at materially information. filings include list Investor differ Slide contain webcast on include the future in some discussion website and are information a investors.evergy.com. information additional Our expectations. available non-GAAP the financial our disclosures could our measures. They X, will results Today's financial factors that forward-looking supplemental from in of our also on

will second Joining retail Officer; results, the highlights, the plan are second resource regulatory available will in call sales and outlook are and more Other be trends our with members today's Kirk detail for and us Executive and the legislative Andrews, Campbell, the our call. Vice President financial management on David portion President of quarter of Executive and Kirk Officer. year. Chief integrated our quarter and cover us Chief question-and-answer Financial and priorities. David during cover will

to I call will over David. now the turn

David Campbell

more a depreciation on Thanks, normalized ago. quarter adjusted expenses. report everyone. Pete, detail morning, expense in and decrease was sales, will X, interest year $X.XX higher per solid I O&M these and driven in by of to margin $X.XX lower remarks. discuss his earnings Kirk and earnings amortization as weather I'm less share and The offset well transmission as by favorable to in partially will as pleased drivers growth that begin per a weather good had delivered Evergy Slide second we compared share

were duration year, to strong through favorable SAIDI were and relative SAIFI, and for average metrics reliability otherwise our to known Our target. as frequency, as June the

cooperative to Weather work XXX-mile distribution resulting The severe less XX, start storm. transmission service XX July a I'd history. out quarter and in storm the we're resiliency that seeing. call per teams like storm most third in in has produced system on and winds for our our to impactful our of experienced hour been the improvements territory the recent to

customers countless recovery the and as XXX,XXX power, damaged efforts. estimate Evergy or peak, turbulence nearly winds XXX power We down without destroyed high were for total million of costs As storm the nearly storm's poles. $X.X O&M

I'd power. and making X,XXX to in customers Evergy personnel contractors neighboring with repairs, nearly thank the employees and restoring from that utilities working like assisted

as storms XX-hour also Our time efforts, follow-on crews hot and our support restoration through worked our the that calls humid customer disrupted shifts to well as teams customers. conditions and over and field worked

these of communities. and the reliable Our conditions. to front-line grateful We're power safely for are challenging and their workers to affordable contributions extremely bedrock and our of proud delivering customers

start a X% Our our to growth EPS range and execution team's to solid as year, has long-term EPS of well to consistent are XXXX adjusted in of XXXX. we to XXXX the $X.XX guidance resulted share reaffirming from adjusted X% as per annual target $X.XX our

This updates, Power and price environmental Reduction Inflation by to reflect plan June revised filed resource requirements, which Kansas highlights regulations XX forecast, Act, integrated X Slide were commodity increase load in provided changes capacity the and year's of annual impacts both Missouri. support renewable our Southwest forecasts. potential margin on the the updates Pool updated

power the plant for of of purchase with or came we Wolf contributions a the energy retail the contract renewable nearly resources X,XXX Reflecting we generated carbon-free nuclear our from and that of Creek half that portfolio megawatt XXXX, As own in reminder, our customers long-term agreements. resources.

new of of to advantage capacity Unit hydrogen also of cease subsidies, in plan resources. in convert end the well combined add into Power more higher X,XXX resource conditions we ample taking our gas the this the natural as potential We half than X IRP years, expect plan includes now update, federal megawatts XX region the as needs, and next the solar Over substantial reflects latter project decade. outputs global of additions and year's solar proposal, reflecting Lawrence supply in gas and and coal these preferred units and and all of Pool XXXX. challenges chain costs. factored to the capacity capable which annual to Tightening in higher operations battery affected the doubt, our demand impacting The all turbines the Southwest wind X request introduction to Lawrence cycle availability of X recent was timing resource no for the

includes In XXXX aggregate, the when Integrated resource increase preferred update. Resource of an XXXX, through XXXX additions megawatts plan compared Plan to new the X,XXX of megawatts X,XXX

fleet older firm dispatchable generation are negative balance on our responsible focused resources evolves, excited We're generation or opportunities while marginal potential the and achieving As we to reliability all emitting investment we inter-median our affordability costs, as our low us typically non-carbon between of years. marginal about a customers transition portfolio with for higher over ensuring costs ahead coming and continue with the communities. and

Otherwise, our for competitive September September to Activity look to Moving Kansas advance through up working In customers filed We for and a run the from Should required it Metro X with we're XX. all Kansas priorities. August an XX. our and to September scheduled X, intervenor rate October with file agreement outcome Kansas, be parties achieve picks communities. and reached, forward XX rates and our the provide and to XX XX. hearings cases. regionally I'll due be by would to conference constructive settlement we'd in awaiting Slide testimony testimony, Central by and which September due pending be an regulatory update on rebuttal is legislative Kansas

supported Storm well by arguments is Missouri, Shifting decision We of of Commission's costs with September remains approving be extraordinary to record. held securitize to the the our X. believe pellet order the the support in process state oral request to from Uri and Missouri securitization Winter

but incurred prior securitization this a the plays we complete to anticipate As out, year. carrying ultimately We costs will approval the issue we the recovered will when reminder, resolution appeal be incremental financing after later debt.

our highlights sustainability. which core X, strategy, Slide tenets and of with remarks the reliability my conclude affordability, I'll

affordability front, competitiveness primary the advancing one On rate is objectives. of our regional

Our to merger in the customers on is our EIA and years. in XXXX the past trends data since delivering demonstrated states United across over rate focus the X benefits reflected the on Central States

addition, is an always progress area trajectory our and In inflation. ongoing by in of competitiveness well development of wins our pleased rate direct below rate focus. by our the territory. market keeping and be improving evidence We're regional provided will in in rate is Affordability economic

operations, investment. XX%, and to than our July normal. SAIDI relating forefront with safety straight-line Including of a the includes This reinforce and the is detailed wins storms, continue sustainability, focus last and the SAIFI, of we conditions prevalent to of in our the infrastructure investments. continuing fleet with of advance an reliability And IRP the activity and resiliency elements brought Ensuring our summer storm fleet, our of in along respect our as distribution excess of reliability transmission metrics update the more strategy. to miles XXXX element been on also ongoing progress of sulfur types a as generation XX this all transition ongoing the XXXX, importance effectively look of customer and of our service These by transition. emissions service, the to Since dioxide And XX% availability our NOx and and carbon we including our and core forward XX fleet, in respectively, emissions generation cost has has half, transformed territory and commercial hour. by to reducing significantly we decades. reducing portfolio X nearly

and as our the eye on Our lead mission responsible our future, is with region, vision well as better always affordability reliability is a transition sustainability. to in energy and empower to an

I over to call the that, will turn Kirk. now With

Kirkland Andrews

and good morning, David, Thanks, everyone.

I'll quarter. Turning XX, start a to review results of for Slide our with the

per For million the earnings share XXXX, quarter million and compared of of $XXX.X the $XXX.X per quarter to $X.XX or adjusted delivered XXXX. $X.XX share that's of in second Evergy second or

demand on days left the last compared driven an adjusted shown XX% quarter in right, approximately increase. transmission the EPS resulting contributed Share. decrease investments drove weather second to by normal, a decrease Higher quarter margins first, to year-over-year second favorable $X.XX in Weather-normalized driven X.X%, was share. of the enhance year, As and per Compared the ongoing increase $X.XX our the sectors for a in by slide from to commercial growth residential drove the $X.XX degree cooling our per EPS. infrastructure, was to by transmission following: $X.XX from

that to a continued the higher about lower environment expense drove expense and O&M interest interest The retail includes A and $X.XX in $X.XX. net XXXX. a timing offsetting operational The and variance. combination decrease interest expenditures the finally, $XX efficiencies increase amortization due the net positive result of in $X.XX the representing both rate in AFUDC execution adjusted new which a for higher And of with the This million was reflects of O&M increase depreciation expense negative, impact on $X.XX impact of was and of decrease partially year-over-year. partially XXXX. variance other The rates. of quarter, items, drove within lower early drove positive of $X.XX comparatively also

drivers XX. or cooling following: $X.XX next our XXXX. decrease right, last Again, or versus the of which XX% to the and $X.XX $XXX was to when from through heating half the in reflect year. per in that the first with weather versus combined the find as earnings include unfavorable of first XXXX. million days, turn $X.XX million degree left the first normal, on months to an this same Slide X year-to-date EPS $X.XX quarter per is first the share compared to year-to-date first year, approximately EPS XXXX, half compared you'll decrease in weather results winter Through of year-to-date for driving adjusted And the I'll of approximate days in results, our were $XXX share a mild degree period XXXX moving

Solid weather-normalized a $X.XX investments in estimate, driven resulting and contributed by line from ongoing $X.XX year-to-date, X.X% annual residential increase. per the demand with Higher drove our our of share. margins transmission sectors commercial growth

positive year-over-year. O&M Decreased $X.XX a variance drove

O&M expense variance. of proceeds is XXXX, again year-to-date which environment earlier, retail XXXX. $X.XX with to and due a is As of $X.XX The increased again first higher the that balance of I carrying insurance representing expenditures AFUDC, expense $X.XX the from higher mentioned and and infrastructure net of drove half decrease which rate a increase decrease rates. timing interest a within interest of depreciation offsetting life the a partially lower of reflects new in company-owned expense from investment impact decrease result expense the of lower in both $X.XX interest higher

the magnitude our of expect rate-driven with We to as variances the through guidance. decrease we year, move assumptions original in consistent

And finally, income driven $X.XX, tax income which was drove a of other items increase and net negative other but positive items. primarily and by

recent the as This on to provide XX. update residential and Turning compared trends. last in sales to Slide I'll Weather-normalized by in the increases retail driven usage. X.X% primarily commercial quarter sales second brief a increased both year. was

demand is to approximately primarily refining demand The weather-normalized customers. continues X.X%. up year-to-date While Lower by by be X industrial driven

of industrial to remain be to Excluding continues growth unemployment these the below and remaining national of would've average X Kansas supported by of market City local the weather-normalized rates increased X.X% X.X%. this labor customers, each, Metro with year. Demand during Kansas strong area continue first demand half a which

year, And wrap financial Slide an XXXX. to guidance a EPS long-term the expectations. overview are of for XX, of adjusted reaffirming we $X.XX $X.XX to on our range solid finally, our with up I'll start With

And X% reaffirming on annual call from our long-term outlook to our expect X% February. also to growth year-end we rate EPS address beyond earnings target XXXX. XXXX compounded are We XXXX our in to growth for of

X-year while transition service, improve customers of we customer meet reliability our investment and on billion rate infrastructure and the enhance as needs fleet plan evolving competitiveness continuing our through communities. new focused is $XX.X capital to regional advance Our to our generation XXXX resiliency and

With open for the that, questions. up we'll call

Operator

Instructions]. [Operator

Durgesh comes ISI. question of from Evercore first Our line Chopra from the

Durgesh Chopra

still more just I appreciate what the CapEx that questions. that a then a color with grid And intact. Maybe you much reaffirmed bit that the plan? and Any quantify IRP the of can fact opportunities mod guys current I have and CapEx side and base growth think was granular little with are two the get the moves, associated rate CapEx your opportunities there? or you kind those of there how other on is in rate you that renewables profile moves, outlook. result base as

David Campbell

Sure.

with quarter. that time, plan the question. the resource guess, we slide XXXX, one. good you'll out saying put our for investment -- recall our XXXX I thanks last released line When that It's the a within for integrated XXXX So in also our updates XXXX a to overall plan, we was capital at

Now there's process some through shifts shift constraints overall there's The some year. has we haven't typically product change the costs. and is the that term, the course Resource resource level Integrated there but in supply chain Plan the yet. over and of phasing mix and near going as in that published to of will overall in We're drop reflects higher additions, we that the degree, that availability total a particularly near window of impact term, a a large through

reaffirmed our factors that we capital is overall why plans for the you And highlighted.

have elements overall wide that will to contribute infrastructure plan and bit modernization a beneficial little be is in expect grid the resiliency We will side of particularly investments, range grid and consistent. we an that that the are a capital higher

we time the over XX-year significant resources. again, frame, of have addition relatively a Now new

uptick seeing of those our the capital you that all update. capable that you'll But when in start we we period, time year-end particular you'll see expenditures, capital start see sequel because some plan new plan, an hydrogen and mentioned, a you'll we in resource that to expenditure, X-year add our of a natural be can up X-year we'll lot -- gas XXXX capital expect elements that part a of to public showing units, to So in get some latter and of plan. disclosures, they'll give additions relating only I that

Durgesh Chopra

it. Got

Okay.

we'll base call. remain on in there. you So color CapEx confident for outlook QX the and more key your takeaway rate and That's the look

Okay.

you points? Kansas What's some there, know pain I just feedback for us incremental you looking dates rate various Just and from color out settlement? stakeholders the give the then any that potential just the data can any you can on for a put share? cases, but additional

David Campbell

worse, sort terms and in better questions back of for We still we're rigorous all forth the lot of receiving guess process in way happens We'll if out. see with the to to a process cases. rate a capital, don't Yes share. the plays -- the of in of a lot have

So for We sense the to first have sense things are get feel really testimonies when good a -- when focusing we'll round you they're filed. the and some of can parties where get a of questions.

of that be day people is So intervenor doing certainly reading, our see to on XX side, August on be day. going a you'll staff lot and will so testimony a that

into more lot color as I on head September. August So and things get a we in

years parties work forward and to look settlement. It's certainly rate the will last opportunity We to since the seeking a constructively with case. X been all

period, primarily it's But been infrastructure least over time elements of included, otherwise, that at as the merger savings pretty in cost I a laid result the are our have terms investments it's able , of to out. described that clearly and a think achieve that items straightforward to amount the rate with we've of the plus case pretty a couple are that in related that of made been

years. than complicated many probably year, a last again some West little elements less of it's least case So our that's Missouri at

to particularly forward we learn that and later engaging as this but then about into more month look you'll constructively October. parties, September and we So head with the

Operator

our moment question. next to One

the Our from Pourreza next question line comes of Guggenheim from Partners. Shar

Shahriar Pourreza

that I mean, the a weeks clear just want deep IRP crystal Durgesh on very because, you gave obviously, this I to be was update to a ago. few response

function step perspective So get but it to trajectory, of that a quo is there could shift there. forward. to be from want we messaging increases is just capital just a the bit sense some I current the status a as

David Campbell

-- and up. go I'll So Kirk ahead as first. I'll follow ask of my sharpen my to go response, Kirk,

Kirkland Andrews

I a that's a this $XX.X category, first broad So is, asked put overall as of the think of our aggregate update, line. I that new is little way was billion. over expenditures renewables, to $X.X to -- and The billion. amount cumulative that And contributes yes, think I overall quarter fourth in we about our I all, this -- generation think about of capital mean, magnitude obviously the in our it question well. Durgesh think

We some to capital do line. and on expect renewals generation timing probably also be expect We in new shifts. magnitude the some expenditure

and to to expect a a annual you IRP shift also by year-over-year bit $XX.X over new at capital generation up that specifically imply space the of period be and variation will if probably little cadence billion little also that over informed be bit plan, the the mix cadence that in plan renewables of is of probably kind that time. of expenditure look the will consistent, expenditure the capital implied magnitude of a accumulate of We to because

we of an necessary Over have abundance and beneficial projects. modernization very grid

well categories of aggregate magnitude helps. in shift will amount That may you the between as generation the little overall, line. the But year-over-year. as a those X annual be magnitude, So see

Shahriar Pourreza

Yes, it does.

David Campbell

I'll And add.

Kirk, for I'll on about and the capital is an focused think So clarity. we're planning. add thank point our we very you as additional affordability

the we able and through have this to We to go opportunity were have with.

we Our Kansas and have commissioners a dialogue. similar

able Missouri, been level that got to There's wide eye a our available of affordability. system. around old lot us. we've no projects very course, doubt of that. We've range We are an got we've beneficial go Of an of with to through, towards expenditure calibrate

So that, still our robust we'll continue got old. really to parts informed shape of plan are a by system capital very we've but

you a projects. if So of we've backlog beneficial got, will,

eye So well. going affordability on keep we're to always as an

Shahriar Pourreza

transmission David, broadly expansion you little speak And to sort just a bit in can backdrop and MISOs. it. of Got more SPP the

power they're backdrop, ahead? pace Now up color years X, at continue billions in side? on guys generation Do through on neighboring evaluate looking to your the the picking see RTO you and you the the moving any especially as systems. Just spending tranche X the here on

David Campbell

a great Shar. question, that's Well,

you tranches the evolution if of transmission But at their certainly, Southwest is process fair future that X. and will look also it's long-term it's plan, think of to say on lead what's is the of agenda the say agenda. to strategic that Pool, future plan X on their and grid I that a fair X, to the the Power their kind

that MISO sense, -- Pool. other it's in time they're words, In in So away. still some stage it's the as not the Southwest same at Power

Pool Southwest decade our look Now we, our plan, you this of as impacted changes going in our how of going lot as resource be the to certainly a know We true the Power players XXXXs. this plan grid are all will ready federal to important for things get it's especially and that to process. advocate across there's at as going be big in in is EPA be part you player the evolving like an the And for have And in latter integrated rules, a to are really the of transmission space resource the the coming. by that. through is

So I advocate will down to a moving the path. in SPP continue think participant for as we, be an

to it's with SPP, important the is where as to don't that tranches X, X we'll see strategic think and in fleet. mice, but see to be them working on to you we fair I -- transmission affordable you yet say it's going those and it agenda, their evolving our is so very region advance try to be transition grid keep rates further to because evolving our it the X

Shahriar Pourreza

is I think fantastic. that

covered I everything. guys You appreciate it.

Operator

for next question. moment our One

from of next Dumoulin-Smith the line America. Julien of from question Bank Our comes

Julien Dumoulin-Smith

just Look last Can me? up you guys with Excellent. the question. hear following

We've to in certainly you're a just jump plan? Again, plan? just would IRP kind your if that think has this. evolution in this. not other about you What's lot commentary that obviously, me the in outlook it. that fairly that that an perhaps upside filed the not Let suggest How making What's forecast do of itself? jurisdictions. on seen here that, bias load load had flattish the of a you Obviously, to updated of modest,

talk at the being relevant. there's outside. a it you of So this of could you the certain still just But in obviously, pivots about maybe as think about it some element IRP,

David Campbell

case think at region do long-term it's a upside demand great plan. our for as level are it We in in tracking the the Yes, question, embedded XXXX, in We low, a of I typically, sector half growth. in elements growth in in mid-range of expected factor have first our which Julien, an the a our well. resource a because -- in higher and I least think the at it's we We the year. rate for X.X% seen and medium high integrated results is plan of our planning we've had with

are and here loads will, that structural new higher certainly that the Over could and than X.X% of are in if the electrification going factors some the large more us effectively in States. towards coming are reshoring, the take end would we long term, as be I to argue there that United that's per you rather year, from

focused the and more of more and So transformation which electricity AI gets the more and last -- driven by then is need element and the for demand data more the centers.

upside Those some factors. electrification there's of think proliferation do I centers. data X onshoring So and

it's also say could the to long-term I think upside that that, be plans. fair to

have We've well, does got of will emissions portfolio a the XXXX. we its generation for that know, a transition the manifest an our IRP, should a itself similar others of lot part as the half Now towards mid. mix free you a and in course, in higher our fundamentals interesting will, it's half lot more of occur the close this our additional of -- to right? have of think us half We've that's in long-term will But I happen -- in are high for the I the latter piece region, strong that XXXXs. And relative some we got we've and share. that the basically those utilities -- the case have of There's XXXXs lot present is, it's fossil-based coal. think the several share some, higher decade but portfolio. -- But a into bias relatively we transition if in

costs a the pie. And helps perspective, perspective, demand planning that know, growth, So as long-term when resource I spreading a a there's demand across we across you're affordability strong. think from with fundamentals are bigger from because

us outlook and question, that to So bullish the leads it's a long think in it's something have I I term. a think great

Julien Dumoulin-Smith

to you guidance a guidance the will. pretty here is kudos year-to-date a you i.e., of the a those little 'XX. contemplated have about I those sustainability within are as O&M. and in tracking items $X.XX. the know the Maybe that you just takes at a here $X.XX seem puts front results, pivoting know on them nice you still year, guys guidance number on cost modest bit year-to-date the how persimmons it I talk here, start showing fairly the that cost certainly legacy and offset would you you sense. headline Can of a with if and against front. into Because are, the if as headwind some what Just weather items? but like impressive as of it's on

David Campbell

a So Julien, there's there. lot

I know been mile based this it and to ask territory. the headwind was supplement. move. July variable on an across as least manage in milder region, utilities vary of control U.S. managing things can but in to Kirk try control, in across it's side, business We're like I'll did as best even -- our on we outside It's a side our the in things July, peer I at we perspective been our has quite in overall our think year. Weather our -- our service the the

the team manage and costs. of proud So we how

distribution, on our customer and the business corporate it our to a review You asked in which this is, rigorous of entire the side, our operation elements part across really transition from center. generation basis we about ops

things remarks, we is timing dynamically as reaffirm are going peer his we in in factors to the because of are our annual year, some within business our of offset be but seek so control. outside to, are control just Kirk phasing, position mentioned and manage that and we a So as to our our do, this guidance managing we are utilities and that that the this again,

is the of savings we've their as for of our plan. laid cost proud out cost management part no ongoing team So

efforts our results. business continues to the and XXXX. be our plan and that, hit the of benefits and So through it's plan to team I enterprise that of work a to manage we as the customers drive our testament deliver our think for But to can look our we that and so affordability

Julien Dumoulin-Smith

Got it.

ready there could sounds to items it not say So you're like but necessarily be the... here, some

David Campbell

Yes. for you've and just we'll business Yes, with us our part we're prior -- in seen year, sticking the and year. year the as first it's the for Julien, manage guidance the of dynamically do the

Kirkland Andrews

add first our cost, got gives experiencing the a the And weather. able us interest be mean, partially we're that Yes. just I in of And to right? you're cushion to Making right? job control to remarks, got was year-to-date. variables, on the year, cushion to keen around inter-year our the that you're mean that. the correct. it. that we my that of year, that on through I cost, that absorb storm-related large so unknown of we've mean, can't And without to it to that. that's had David timing, past bit variability half mentioned, some We You offset I number all quantification, rates. observer, a vigilant doesn't partially Julien, said little we obviously, all sure even of right? do cost the stay storm

ahead intra-year staying costs those and So being vigilant away timing. the game from that around of

said, the it of the allows because anything dynamic making elements is focused we year because a by to Some things during which very to pocket environment we of means sure of our I've do on the some that the of over we've commitment right? of in is year one year. can't having But there's the really the our are balance the look because as us of on deliver but back extrapolate static maintain that towards half that The here that commitments, those we addressed.

Julien Dumoulin-Smith

leave I'll right. Have much. day. more them All a got very it. Thank great I Got offline. you

Operator

for question. moment next our One

of Our next comes from Wolfe. Sullivan from question Michael the line

Michael Sullivan

to of last on that put questioning. finer Just a wanted point line

that impact into then 'XX the factored So -- reaffirmation? July guide the is those both of storm weather mild and are

David Campbell

So we July our don't have Michael, for obviously, full results yet.

We today. guidance are able did our in we and -- include script. to But are we storm costs the range affirming that annual quantify affirm the

our question And Kirk those your ever outside But for help focused for our for yes. information that today. XXXX very that So we we we'll yes, important affirming is to affirming Based in the guidance and guidance are the things to our -- are the year. other on to our so now, control described, have factors we we'll shift that stay as keep working answer on the nation to day-to-day control. we're offset can if are us

Michael Sullivan

That's we by in of you on or what a the formed think RFP? And results that more updated see the you I helpful. IRP, Great. was Okay. then recent When mentioned, will process? lot the detail RFP

Kirkland Andrews

Hey Mike, it's Kirk.

I think discount through may later you that. third certainly we move we But see the year, some quarter as the some call we the about the expect us November. half to information and have more get back of more from you'll that have to we'll possibility information once in can't

David Campbell

part Michael, And to appreciate it are that's ongoing not hearing main you're the negotiations why, of currently driver you -- can that relates to as it more.

Operator

our One for moment next question.

Our of Patterson Glenrock next from Associates. from line question comes Paul the

Paul Patterson

and customers even rate guess, it it's risk know rate might one going some is that they're And for what's design just a some is -- for And there's of up people might you guess, potential for a with design it's don't be And necessarily and there not here, implicitly I surprised time change of significant is there's the use guys. changes. issue, a question that I'm just just prepared time I use change I any this like on wondering, coming customers looks be there have it. point. that's any Missouri at in by though

me. you are certain of to a change, in very upset jurisdictions, it follow people happens time if that we've time sometimes And from seen, something by where kind

David Campbell

a it's good again. Paul, question

You're the I Commission. rate Missouri in their correct. It's Missouri only move Missouri. all there topic last strongly a cases, as a towards this for customers a jurisdictions is result and in rates from of and feel use about order time included

fall. result the partially made that's fortunately, implemented of that revision in being order was for the a Now as a

a to continue Tommy we've several options, year we're and lot and transition, So one rate season, it historical modest hot out a which implemented being around communications is relative There are out of this plans. have later in had weather is of we've to the communications. change time the of different -- the put relatively a we'll use lot when of

high. think of that level have, of of number have will folks accounts, be So we communication the now information with tools level the the online we who

So p.m. on what to a of commission's having just it communication. need fortunately, implemented more so weather I adhering will level it's And to being high again, that to primarily milder a explainable of be to with X relates big X a we'll it order the of and do approach. part a in concentrated it the hours And time, fall, the to in weekdays, is little this customers. a think

many So you is even to it is, know, not intuitive as customers. rate design though

team our how job means work can and has what done what customers entails, nice think it with it. a I out laying it

best select we're make and working with So the to be customers, go as our we for we be the that's order, think with work transition plan to we'll sure and commissions able them. communicate through them they

Operator

would now like David you. time, I back for to Thank conference over remarks. the to At Campbell turn closing this

David Campbell

in this Great. call. for like to Evergy concludes have you interest and hope Thank your a great morning, That thank the I'd you. day. everyone

Operator

This concludes today's Thank you for participating. conference call.

You now disconnect. may

Evergy (EVRG) 4 Aug 232023 Q2 Earnings call transcript