Evergy

“Moody's lowered our downgrade threshold a year ago from 15% to 14% after our February call.”

Moody's lowered Evergy's FFO-to-debt downgrade threshold from 15% to 14%, giving Evergy more balance-sheet headroom for its elevated capital plan.

“In a recent press release, a Panasonic executive mentioned that they plan to start 2 new production lines at their Kansas facility this year”

Panasonic's advanced-manufacturing facility in Kansas continues ramping electricity load for Evergy, adding 2 new production lines this year toward ~50% of total capacity.

“With Meta, also an expansion, and then with Beale Infrastructure, which is a Blue Owl company.”

Beale Infrastructure (a Blue Owl company) signed a data-center electric service agreement with Evergy, among the four ESA counterparties driving Evergy's load growth.

“With Meta, also an expansion, and then with Beale Infrastructure, which is a Blue Owl company.”

Meta signed an electric service agreement with Evergy to expand a data center project in Kansas/Missouri, part of Evergy's 1.9 GW of large-load ESAs.

“So we're really excited to reach the agreements with Google for 2 of these, 1 new and 1 expansion of a previous project.”

Google signed electric service agreements with Evergy for two data center projects (one new, one expansion), part of 1.9 GW of large-load ESAs anchoring Evergy's growth.

“reflecting solid growth in our current customer base and buoyed by the Panasonic, Meta and Google projects.”

Google is named among the anchor projects buoying Evergy's 2%-3% load-growth plan, a positive read-through for Google's data-center expansion in Kansas/Missouri.

“For the balance of our actively building customers, Panasonic and Meta are up and running, and our third large customer is making good progress through its heavy construction phase.”

Panasonic's Evergy-served facility is operational and ramping, one of the anchor large-load customers driving the utility's demand-growth outlook.

“including load from the Meta data center in Missouri that is reflected in our commercial customer class.”

Meta's Missouri data center is now contributing to Evergy's commercial load growth, a positive read-through for Meta's active build-out in the region.

“last week, Lambda announced its plan to transform an unoccupied data center located in Kansas City, Missouri into a state-of-the-art AI factory and data center.”

AI cloud provider Lambda is converting an existing Kansas City building into an AI data center on Evergy's system, launching at 24 MW in early 2026 with potential to scale toward 100 MW.

“supported by Meta's data center ramping its operations.”

Meta's data center in Evergy's territory has completed construction and is ramping operations, driving Evergy commercial load growth.

“Regarding Panasonic, we are excited to attend their grand opening in July in De Soto, Kansas. Their facility stands as the largest EV battery factory in the world.”

Panasonic's De Soto, Kansas EV battery plant (largest in the world) has opened and is ramping; a major Evergy industrial customer whose load ramp is consistent with Evergy's forecast.

“We expect a combination of Panasonic, Meta, and Google's load ramps to contribute approximately 500 megawatts of new load by 2029, with the balance driving growth into the early 2030s.”

Google is named among Evergy's large new customers, with combined load ramps from Google, Meta and Panasonic expected to add roughly 500MW of new demand by 2029.