KCC on Evergy deal with activist shareholder: Not so fast

The Kansas Corporation Commission is investigating the agreement Evergy Inc. reached last year with activist investor Elliott Management Corp., fearing that the deal could bring rate increases in the hunt for shareholder value.

The KCC voted Thursday to initiate the investigation, saying, “Staff is very concerned that Elliott’s focus on increasing shareholder value will place Evergy’s customers at a high risk of paying higher rates or receiving lower quality service in order to support an…

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