Evergy’s purchase of coal-fired generation could cost consumers $12M, report says

When an Ohio utility failed to renew its lease for a portion of a coal-fired plant, Kansas City-based Evergy Inc. paid for the capacity — and now that cost may be passed on to ratepayers rather than investors.

After Midwest Power’s pullout from its 8% lease in January, Evergy (NYSE: EVRG) had two options: Sue the company, or repurchase the share, Energy News reports. A lawsuit could have taken months or years, so Evergy bought the 8% in a sale that closed Aug. 2. Evergy units Westar and Kansas…


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