Evergy Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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Property, Plant & Equipment
- PROPERTY, PLANT AND EQUIPMENT
The following tables summarize the property, plant and equipment of Evergy, Evergy Kansas Central and Evergy Metro.
| December 31, 2024 | Evergy | Evergy Kansas Central | Evergy Metro |
|---|---|---|---|
| (millions) | |||
| Electric plant in service | $36,444.9 | $17,914.9 | $13,468.3 |
| Electric plant acquisition adjustment | 742.9 | 724.9 | — |
| Accumulated depreciation | (14,165.5) | (6,914.4) | (5,752.6) |
| Plant in service | 23,022.3 | 11,725.4 | 7,715.7 |
| Construction work in progress | 1,707.0 | 1,053.7 | 476.1 |
| Nuclear fuel, net | 200.9 | 100.3 | 100.6 |
| Plant to be retired, net (b) | 0.7 | 0.7 | — |
| Net property, plant and equipment | $24,930.9 | $12,880.1 | $8,292.4 |
| December 31, 2023 | Evergy | Evergy Kansas Central | Evergy Metro |
| (millions) | |||
| Electric plant in service (a) | $34,558.1 | $16,858.7 | $13,005.5 |
| Electric plant acquisition adjustment | 724.9 | 724.9 | — |
| Accumulated depreciation (a) | (13,301.6) | (6,502.7) | (5,404.9) |
| Plant in service (a) | 21,981.4 | 11,080.9 | 7,600.6 |
| Construction work in progress | 1,543.5 | 939.1 | 428.7 |
| Nuclear fuel, net | 203.0 | 101.1 | 101.9 |
| Plant to be retired, net (b) | 0.8 | 0.8 | — |
| Net property, plant and equipment (a) | $23,728.7 | $12,121.9 | $8,131.2 |
(a) As of December 31, 2024, Evergy and Evergy Kansas Central classified Property, Plant and Equipment of VIE, net as Property, Plant and Equipment, net. To conform with the current period presentation, amounts previously reported as Property, Plant and Equipment of VIE, net as of December 31, 2023, have been reclassified to Property, Plant and Equipment, net.
(b) As of December 31, 2024 and 2023, represents the planned retirement of Evergy Kansas Central analog meters prior to the end of their remaining useful lives.
The following table summarizes the property, plant and equipment of the VIE for Evergy and Evergy Kansas Central.
| 2024 | 2023 | |
|---|---|---|
| (millions) | ||
| Electric plant of VIEs | $392.1 | $392.1 |
| Accumulated depreciation of VIEs | (265.6) | (258.5) |
| Net property, plant and equipment of VIEs | $126.5 | $133.6 |
Depreciation Expense
The Evergy Companies' depreciation expense is detailed in the following table.
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| (millions) | |||
| Evergy (a) | $965.9 | $943.3 | $836.1 |
| Evergy Kansas Central (a) | 542.3 | 497.7 | 468.2 |
| Evergy Metro | 294.6 | 319.7 | 261.7 |
(a)Approximately $7.1 million of depreciation expense in each of 2024, 2023 and 2022 was attributable to property, plant and equipment of VIEs.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.