This website is best viewed in a browser that supports web standards.

Skip to content or, if you would rather, Skip to navigation.

Listen Live
Donate
MARYVILLE

KXCV-KRNW


News Brief

Nov. 29, 2021Wichita, Kan. |  By: AP

Utility commission criticizes hedge fund influence on Evergy

evergy

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."