Evergy

What Evergy does

Evergy, Inc. is a vertically integrated regulated electric utility serving approximately 1.6-1.7 million customers across Kansas and Missouri through three regulated operating subsidiaries (Evergy Kansas Central, Evergy Kansas Metro, Evergy Missouri Metro, and Evergy Missouri West). The company operates approximately 15,800 MW of generating capacity, including the 1,200 MW Wolf Creek Nuclear Generating Station, natural gas, coal, and growing renewable assets. Evergy generates nearly half its power from emission-free sources and is constructing the Chisholm Trail Energy Center, a >$1 billion natural gas plant in Kansas expected to be operational by 2029.

The company's core product is regulated electricity delivery, supplemented by digital services built on the Evergy Customer Portal and mobile app (iOS/Android), a 1,000+ station Clean Charge Network for EV charging, subscription wind/solar programs, net metering for distributed energy resources, and a portfolio of time-based and demand-based rate plans. The enterprise sales motion targets hyperscale data center customers under the newly approved Large Load Power Service Tariff, which requires 12-17 year Electric Service Agreements, minimum monthly bills, and upfront infrastructure contributions. Evergy has deployed Oracle Utilities' Opower AI-powered behavioral energy insights platform across its 1.4 million residential customers and has integrated Kigen's secure eSIM/eIM solutions for grid resilience across thousands of IoT devices.

Evergy makes money primarily through regulated electricity sales billed monthly to residential, commercial, and industrial customers, with rates set by the Kansas Corporation Commission, Missouri Public Service Commission, and FERC for transmission services within SPP and MISO. The 2018 merger of Westar Energy and KCP&L formed Evergy; the company is publicly traded on NYSE under ticker EVRG with a market capitalization of $18-19.6 billion and a Q1 2026 revenue of $1.44 billion. A $21.6 billion five-year capital plan (2026-2030) — a 24% increase over prior guidance — is funding data-center-driven generation and transmission buildout targeting 6%-8%+ adjusted EPS growth through 2030.

Name

Evergy

Legal name

Evergy, Inc.

Website

https://evergy.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Evergy is a vertically integrated regulated electric utility serving ~1.7 million customers in Kansas and Missouri through 15,800 MW of generating capacity, with major growth tied to hyperscale data center Electric Service Agreements under its Large Load Power Tariff.

Ownership category

akta.pro rank

Product category

Regulated Electric Utility Services

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric & Other Services Combined (4931)

akta.pro primary industry

Retail Electric Providers / Competitive Distribution Utilities (where applicable) (EUADABAE)

akta.pro secondary industries

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB), Demand Response, Load Flexibility & Smart Thermostat Aggregation (EUADAPAM)

Keywords

• Regulated electric utility
• Electricity distribution services
• Power generation infrastructure
• Transmission grid services
• Energy efficiency programs

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Supply Chain, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Residential Electric Service: Regulated electricity sales to residential customers with rates set by Kansas Corporation Commission and Missouri Public Service Commission; revenue based on kilowatt-hour consumption plus fixed customer charges
2. Commercial and Industrial Electric Service: Electricity sales to business customers including small commercial, large commercial, and industrial users; various rate plans including demand-based pricing for larger users
3. Large Load Data Center Contracts: Premium-rate Electric Service Agreements with data center customers (Google, Meta, Beale Infrastructure) under Large Load Power Tariff; contracts of 12-17 years with minimum bill guarantees and upfront infrastructure payments; contracted peak demand of approximately 1.9-2.5 GW
4. Transmission Services: Transmission infrastructure services regulated by FERC through Southwest Power Pool (SPP) and Midcontinent Independent System Operator (MISO) territories

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Evergy is a vertically integrated regulated electric utility that generates, transmits, and distributes electricity to approximately 1.6–1.7 million residential, commercial, industrial, and hyperscale data center customers across Kansas and Missouri. Its portfolio includes the Wolf Creek Nuclear Generating Station, natural gas, coal, and renewable assets totaling ~15,800 MW of generation, complemented by specialized offerings such as the Large Load Power Service Tariff, Clean Charge Network EV stations, renewable subscription programs, and demand response programs.

Product overview

Evergy is a vertically integrated regulated electric utility serving approximately 1.7 million customers in Kansas and Missouri through three service territories: Kansas Central, Missouri Metro, and Missouri West. The company operates a diverse generation fleet including the Wolf Creek nuclear plant (1,200 MW), natural gas facilities, and growing renewable energy assets. The core offering is the Evergy Customer Portal — a digital platform for account management, bill payment, outage reporting, and service requests — supplemented by specialized programs: Large Load Power Service Tariffs for data center and industrial customers (5+ major agreements signed with Google, Meta, Panasonic, and Beale Infrastructure); the Clean Charge Network (1,000+ EV charging stations); Private Solar & Net Metering interconnection; renewable Subscription Programs (wind and solar); Demand Response & Energy Efficiency Programs; and Industry-Specific Solutions (data centers, healthcare, manufacturing, schools, etc.). Evergy recently partnered with Oracle Utilities Opower for AI-powered behavioral customer engagement, enabling time-of-use rate transitions and digital self-service. The company is executing a $21.6 billion five-year capital plan (2026–2030) to build ~1.9 GW of new gas-fired generation, 325 MW of solar, and transmission infrastructure to serve surging data center demand.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Electric Service Regulated electricity supply for individual households in Evergy's Kansas and Missouri service territories, with monthly billing based on kWh consumption plus fixed customer charges. Includes time-of-use plans (Nights & Weekends Saver, Peak Reward Saver, Even Use Plan, EV Only Plan). Residential bills average 15% below national average.
• Commercial and Industrial Electric Service Regulated electricity supply for small to large commercial and industrial businesses across Evergy's territories, with rate plans including Small/Medium/Large General Service, Industrial and Large Power, Business EV Charging Service (BEVCS) Rate, and Electric Transit Plan. Demand-based pricing applies for larger users, with vertical-specific industry solutions.
• Large Load Power Service Tariff Specialized tariff framework approved in Kansas and Missouri for large data center and industrial customers requiring 75+ MW, requiring long-term contracts (12-17 years), minimum monthly bill payments, upfront grid upgrade contributions, and premium rates designed to protect existing ratepayers from infrastructure cost burden. Five major agreements signed with Google, Meta, Panasonic, and Beale Infrastructure representing 1.9-2.5 GW of contracted peak demand.
• Clean Charge Network (EV Charging) Evergy's electric vehicle charging station network comprising over 1,000 charging stations — described as more than any other city in the United States — supporting public, multifamily, workplace, and fleet EV charging with Level 2 and Level 3/DC Fast Chargers.
• Private Solar & Net Metering Interconnection program for customer-owned distributed energy resources (DERs) including rooftop solar, wind turbines, and battery storage systems, with net metering and parallel generation options for residential, commercial, and municipal customers.
• Renewable Energy Subscription Programs Renewable energy subscription programs enabling residential and commercial customers to support locally-produced, emissions-free solar and wind energy without installing private systems, with options for solar subscription and wind enrollment.
• Demand Response & Energy Efficiency Programs Suite of demand-side management programs including commercial and industrial energy efficiency incentives (lighting, refrigeration, HVAC, variable speed drives), residential discounts (LED lighting, EV charging, heat pumps, thermostats), and demand response programs to reduce peak load.
• Industry Solutions Vertical-specific programs for data centers, grocery and retail, healthcare, industrial manufacturing, new construction, property management, and schools — offering equipment incentives, energy management tools, and demand response tailored to each sector's load profile.
• Evergy Connect (In-Person Customer Assistance) Evergy's in-person customer assistance program with brick-and-mortar locations in Kansas City, MO and Wichita, KS providing one-on-one support for bill understanding, payment assistance, energy-saving programs, and EV demonstrations, plus virtual appointment options.
• ServiceWork (Business Meter & Service Portal) Evergy's online portal for business customers to request new or additional service, service upgrades, repairs, seasonal/special event temporary service, EV charging station service, and meter work, supporting commercial, industrial, and residential construction projects.

Quantifiable outcome

• Residential bills 15% below national average and 7% below neighboring states
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature4 records

Partnerships

Eleven partnerships are on record, tiered core and strategic.

• PanasoniccoreStrategic or Co-development Partner · 14 June 2026Data center Electric Service Agreement; one of five major data center deals signed by Evergy as part of data center load growth strategy
• AmerenstrategicStrategic or Co-development Partner · 21 May 2026Partnership for Google Missouri data center power infrastructure; Ameren bringing 500MW of new power capacity to state's grid; Capacity Commitment Framework implementation
• Chisholm Trail Energy Center DeveloperscoreStrategic or Co-development Partner · 13 May 2026Natural gas plant development in Conway Springs, Sumner County, Kansas; $1 billion+ investment; expected operational by 2029; first baseload generation plant built in Kansas since Wolf Creek in 1980s
• Beale InfrastructurecoreStrategic or Co-development Partner · 30 April 2026Data center campus development near Kansas City (De Soto and Gardner locations); long-term lease with large technology company tenant; power provided by Evergy under 5+ building, 1M+ square foot development plan
• Oracle UtilitiescoreTechnology or Integration · 13 April 2026Oracle Opower AI-powered behavioral energy insights platform; serves 1.4 million Evergy residential customers; delivered 30% pre-enrollment in time-of-use rates; avoided over $2 million in call center costs; 3.5 billion personalized communications across utility sector
• AnterixstrategicTechnology or Integration · 6 March 2026900 MHz spectrum licensing for private wireless broadband networks supporting Evergy grid operations; enables smart grid communication and IoT device connectivity; $1.5M annual spectrum revenue from Evergy arrangement
• GooglecoreStrategic or Co-development Partner · 19 February 2026Major data center Electric Service Agreement under Large Load Power Tariff; Google announced $15 billion Missouri infrastructure investment including New Florence campus; first customer qualifying for Evergy's Large Load Power Tariff; Capacity Commitment Framework ensures Google pays for electricity needs
• MetacoreStrategic or Co-development Partner · 19 February 2026Data center Electric Service Agreement for major campus development in Kansas City metro; billion-dollar commitment; significant electricity demand under Long-term Large Load tariff structure
• Grid Infrastructure PartnersstrategicStrategic or Co-development Partner · 4 January 2026Strategic partnerships for grid modernization and data center power infrastructure; infrastructure investment supporting Kansas City data center ecosystem development
• KigenstrategicTechnology or Integration · 3 November 2025Secure eSIM OS and eIM solutions for grid resilience; enables automated failover between private LTE and public networks; supports thousands of IoT devices across Evergy infrastructure for reliability during severe weather and energy demand growth
• TerraPowerstrategicStrategic or Co-development Partner · 28 October 2025Feasibility study collaboration for advanced nuclear reactor in Kansas; TerraPower co-founded by Bill Gates exploring potential plant location; addresses clean energy needs for data center growth

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ameren Corporation: Vertically integrated regulated electric utility serving Missouri and Illinois with similar customer mix and data center exposure. Ameren is a direct collaborator with Evergy on the Google New Florence data center capacity framework and competes for the same hyperscaler load growth.
• Xcel Energy: Large regulated electric and gas utility serving the Upper Midwest and Western states with comparable generation mix, regulatory structure, and growing data center exposure. Xcel is an Anterix 900 MHz spectrum customer alongside Evergy, indicating similar smart grid investment trajectories.
• CMS Energy: Vertically integrated regulated electric and natural gas utility primarily serving Michigan with comparable scale (~$20B market cap), regulated rate base growth strategy, and capital plan execution profile similar to Evergy's.
• WEC Energy Group: Midwest regulated electric and gas utility serving Wisconsin, Illinois, Minnesota, and Michigan with comparable customer base size, dividend growth profile, and capital-intensive grid modernization strategy aligned with Evergy's operational model.
• DTE Energy: Vertically integrated regulated electric and gas utility serving Michigan with similar generation mix transition challenges, regulated rate base growth strategy, and comparable dividend Aristocrat positioning.
• Alliant Energy: Midwest regulated electric and gas utility serving Iowa, Wisconsin, and Minnesota with similar scale, capital plan execution profile, and exposure to data center load growth in secondary Midwest markets.

Broad incumbents

• Dominion Energy: Large multi-state regulated electric utility with the most directly comparable data center exposure in the U.S. (Virginia's Data Center Alley), serving hyperscalers through long-term contracts. Larger and more diversified than Evergy but the most relevant incumbent for benchmarking data center load growth strategy.
• Duke Energy: One of the largest U.S. regulated electric utilities serving the Southeast and Midwest with vertically integrated operations, large-scale generation portfolio, and major data center customers. Broader geographic footprint but similar regulated business model and capex-driven growth strategy.
• NextEra Energy: Largest U.S. utility by market cap with leading renewable energy position through NextEra Energy Resources. Industry benchmark for capital plan execution, dividend growth, and clean energy transition that Evergy is attempting to follow through its own nuclear (TerraPower) and gas-plus-solar strategy.
• Southern Company: Large vertically integrated regulated electric utility serving the Southeast with substantial generation portfolio including nuclear (Vogtle), natural gas, and renewables. Comparable vertically integrated structure and capital-intensive growth strategy relevant for benchmarking Evergy's data center-driven expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/evergypower
• YouTubeyoutube.com/channel/UCAzdlieirXso2a1k90zLP7Q?view_as=subscriber
• Facebookfacebook.com/EvergyPower
• LinkedInlinkedin.com/company/evergyco

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evergy