Evergy boosts sales growth to 8% on data center demand
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- Evergy raised its retail sales growth forecast to 7‑8% annually through 2030, up from 6%.
- Evergy signed a new large‑load electric service agreement, boosting total ESA demand to 2.5 GW from 1.9 GW three months earlier, and expects at least one more ESA this year.
- Evergy has 450 MW under contract with Panasonic’s EV battery plant and is negotiating up to 1.5 GW of ESA expansions, plus 1.5‑3 GW of new large‑load customers after 2030.
- Evergy’s Q1 weather‑normalized sales rose 4.7%, with residential demand +3.3%, commercial +3.8% (driven by data centers), and industrial +10.1% (Panasonic ramp‑up).
- Evergy Metro and Evergy Missouri West updated their resource plans, adding 4.7 GW of gas‑fired generation by 2044 while cutting wind to 0 GW and solar to 465 MW, citing tax‑credit reductions and cost/permits issues.
Why it matters: Evergy’s higher sales forecast and new large‑load contracts raise its annual rate‑base growth to ~12%, expanding the $21.6 B capital plan, while adding 4.7 GW of gas generation and dropping 2.4 GW of wind cuts renewable build‑out, hitting wind developers and carbon‑reduction targets.
