Kansas regulators deny Evergy rate increase to fund stake in power plant

The Kansas Corporation Commission denied a rate increase request from Westar Energy Inc. to cover the utility’s purchase of an 8% stake in a coal-fired plant.

The KCC said in a Thursday release that Evergy Inc. (NYSE: EVRG) requested a rate increase to help the company pay for an investment in the Jeffrey Energy Center. Evergy units Westar Energy Inc. and Kansas City Power & Light already owned 92% of the facility, which is about 100 miles northwest of the metro area.

Evergy was created when…


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