Utility Dive•4 months ago
Evergy’s capital spending plan jumps 24%, to $21.6B, driven by generation
- •Evergy is significantly increasing its capital spending plan by 24% to $21.6B, primarily driven by the need for new generation capacity.
- •The utility has secured 1.9 GW in new electric service contracts with major tech companies, including Google, Meta, and Beale Infrastructure, with additional contracts anticipated.
- •This surge in demand from large power consumers, particularly datacenters, signals substantial opportunities for IPPs and developers to supply new generation projects and secure long-term PPAs.
financing