In April 2024, Evergy Missouri West purchased a 22% ownership interest representing approximately 145 MW in Dogwood Energy Center, an operational natural gas combined cycle facility located in Missouri, for approximately $60 million. This purchase represents a strategic investment in natural gas generation.

Kansas H.B. 2527 establishes new mechanisms for the recovery of costs associated with new gas-fired generating units. If the KCC decides investment in a new gas-fired generating unit is reasonable, the utility would be able to recover the return on 100% of the associated construction costs at its weighted average cost of capital.

Evergy Kansas Central and Evergy Metro elected the plant-in-service accounting (PISA) provision in their Kansas jurisdictions effective in July 2024. This election allows the companies to defer and recover a portion of depreciation expense and associated return on investment.

Wolf Creek's most recent refueling outage began in March 2024 and the unit returned to service in May 2024. Successful completion of refueling outages is critical for maintaining reliable baseload generation.

The Evergy Companies have a Russian-sourced contract beginning in 2026 to obtain nuclear fuel and haven taken mitigating measures to minimize the impact of the Prohibiting Russian Uranium Imports Act to their supply chain. The Evergy Companies do not expect a material impact to their supply chain or financial results.

The Evergy Companies are in the process of reviewing the final GHG regulation and guidelines however, due to uncertainty regarding the implementation of these final rules and ongoing judicial review, the Evergy Companies are unable to accurately assess the impacts on their operations or consolidated financial results, but the cost to comply could be material.

There are a variety of final and proposed laws and regulations that could have a material adverse effect on the Evergy Companies' operations and consolidated financial results. Due in part to the complex nature of environmental laws and regulations, the Evergy Companies are unable to assess the impact of potential changes that may develop with respect to the environmental contingencies described.

Due to uncertainty regarding the stays of the EPA's disapprovals of the Missouri and Oklahoma ITSIPs, the Evergy Companies are unable to accurately assess the impact on their operations or consolidated financial results, but the cost to comply could be material.

In January 2024, the EPA proposed to disapprove the ITSIP for Kansas and four other states. The Kansas ITSIP was previously approved in April 2022. The impact of the EPA's disapproval of the Kansas ITSIP could have a material impact on the Evergy Companies' operations.

Kansas H.B. 2527 establishes new mechanisms for the recovery of costs associated with new gas-fired generating units. If the KCC decides investment in a new gas-fired generating unit is reasonable, the utility would be able to recover the return on 100% of the associated construction costs at its weighted average cost of capital.

In May 2024, President Biden signed into law the Prohibiting Russian Uranium Imports Act, which limits the importation of uranium from Russia. The Evergy Companies have a Russian-sourced contract beginning in 2026 to obtain nuclear fuel and haven taken mitigating measures to minimize the impact of the Prohibiting Russian Uranium Imports Act to their supply chain.

The Evergy Companies are in the process of reviewing the final GHG regulation and guidelines however, due to uncertainty regarding the implementation of these final rules and ongoing judicial review, the Evergy Companies are unable to accurately assess the impacts on their operations or consolidated financial results, but the cost to comply could be material.

Evergy's operating and maintenance expense increased $10.1 million for the three months ended June 30, 2024, compared to the same period in 2023, primarily driven by a $10.9 million increase in transmission and distribution operating and maintenance expenses and an $8.9 million increase in plant operating and maintenance expense at fossil-fuel generating units.

Wolf Creek's most recent refueling outage began in March 2024 and the unit returned to service in May 2024. A successful refueling outage is critical for maintaining operational efficiency and reliability.

Evergy Kansas Central and Evergy Metro elected the plant-in-service accounting (PISA) provision in their Kansas jurisdictions effective in July 2024. This election allows the companies to defer and recover a portion of depreciation expense and associated return on investment, which may impact operational efficiency.

Kansas H.B. 2527 establishes new mechanisms for the recovery of costs associated with new gas-fired generating units. If the KCC decides investment in a new gas-fired generating unit is reasonable, the utility would be able to recover the return on 100% of the associated construction costs at its weighted average cost of capital.

The Evergy Companies are in the process of reviewing the final GHG regulation and guidelines however, due to uncertainty regarding the implementation of these final rules and ongoing judicial review, the Evergy Companies are unable to accurately assess the impacts on their operations or consolidated financial results, but the cost to comply could be material.

The Evergy Companies have a Russian-sourced contract beginning in 2026 to obtain nuclear fuel and haven taken mitigating measures to minimize the impact of the Prohibiting Russian Uranium Imports Act to their supply chain. The Evergy Companies do not expect a material impact to their supply chain or financial results.

A $191.9 million increase in other additions to property, plant and equipment, due to increases at Evergy Kansas Central and Evergy Missouri West of $77.3 million and $112.0 million, respectively, primarily due to increased spending for a variety of capital projects including transmission and distribution projects related to grid resiliency and other infrastructure improvements, and Evergy Missouri West's purchase of a joint ownership interest in Dogwood for approximately $60 million in April 2024.

A $230.2 million increase in proceeds from long-term debt, net due to the issuance of $920.7 million of long-term debt year to date June 30, 2024, compared to the issuance of $690.5 million of long-term debt in the same period in 2023; partially offset by a $520.5 million decrease in short-term debt borrowings primarily driven by the repayment of commercial paper borrowings with proceeds from long-term debt issuances.

In August 2024, Evergy's Board of Directors (Evergy Board) declared a quarterly dividend of $0.6425 per share on Evergy's common stock. The common dividend is payable on September 20, 2024, to shareholders of record as of August 20, 2024.

The Evergy Companies are in the process of reviewing the final GHG regulation and guidelines however, due to uncertainty regarding the implementation of these final rules and ongoing judicial review, the Evergy Companies are unable to accurately assess the impacts on their operations or consolidated financial results, but the cost to comply could be material.

The Evergy Companies have a Russian-sourced contract beginning in 2026 to obtain nuclear fuel and haven taken mitigating measures to minimize the impact of the Prohibiting Russian Uranium Imports Act to their supply chain. The Evergy Companies do not expect a material impact to their supply chain or financial results.

The Evergy Companies are in the process of reviewing the final GHG regulation and guidelines however, due to uncertainty regarding the implementation of these final rules and ongoing judicial review, the Evergy Companies are unable to accurately assess the impacts on their operations or consolidated financial results, but the cost to comply could be material.

A $9.4 million increase primarily due to higher retail sales driven by favorable weather (cooling degree days increased 7%) and higher weather-normalized residential and commercial demand.

Due to uncertainty regarding the stays of the EPA's disapprovals of the Missouri and Oklahoma ITSIPs, the Evergy Companies are unable to accurately assess the impact on their operations or consolidated financial results, but the cost to comply could be material.

In January 2024, the EPA proposed to disapprove the ITSIP for Kansas and four other states. The Kansas ITSIP was previously approved in April 2022. The impact of the EPA's disapproval of the Kansas ITSIP could have a material impact on the Evergy Companies' operations.