EVRGEvergy, Inc.

“In aggregate, we have executed ESAs for 5 data center projects under our LLPS tariffs, securing the strong protections that the tariff requires for our existing customers. These 5 ESAs include steady-state peak load of approximately 2.5 gigawatts, including the 450 megawatts of steady-state peak load from non-LLPS customers, such as the Panasonic electric vehicle battery manufacturing plant, the total reaches 3 gigawatts.”

“by the end of 2030, we expect to be serving up to 2.25 gigawatts of capacity for this set of new customers. This tells a powerful story of growth, anchored by long-term contracts and clear parameters on monthly billings, providing significant visibility into our earnings growth and cash flow streams for ESA LLPS contracts that generally span 16 to 17 years long.”

“In fact, in the first quarter, we saw strong results from Panasonic and from the start-up of operations of a large data center in March, which was a couple of months ahead of plan. In tandem, these 2 large customers drove a $0.02 EPS benefit in the quarter compared to prior year.”

“The preferred plan will represent modest upside to our $21.6 billion capital investment plan, taking our projected rate base CAGR to approximately 12% compared to our previous disclosure of 11.5%.”

“our forecasted 2025 through 2030 retail load growth CAGR is now approximately 7% to 8%, up from our prior forecast of 6%.”

“Now of course, we have 2 Google -- Google is our counterparty for 2 of the data centers. Meta for another. So those are companies with capitalization levels that I [ cannot ] conceive of in the multitrillions.”

“Commercial demand grew 3.8%, driven primarily by the initial ramp-up of data centers.”

“We remain in advanced discussions with multiple new customers in our Tier 2 category, representing approximately 1.5 to 3 gigawatts. These customers have acquired land or land rights, signed letters of agreement, and we are actively reviewing transmission and generation capacity solutions. The opportunity from these customers is primarily beyond 2030.”

“Today, I'm excited to announce a new ESA with a premier developer for a new data center project in our Kansas Central service territory that will drive affordability benefits for our customers.”

“In the next category, we highlight approximately 1 to 1.5 gigawatts of expansion opportunities with existing customers who have signed ESAs.”

“the customer is a large, well-known developer with strong investment-grade credit ratings and is working with the hyperscaler offtaker.”

“The remaining pipeline totaling well over 10 additional gigawatts highlights the robust activity and sustained interest in our region.”

“These economic development wins solidify Kansas and Missouri as premier destinations for data center customers and will empower investments in growth, helping to drive prosperity for our region.”