Reports 2025E-2029E capital investment plan of $16.2Bwhich reflects the infrastructure investment needed to enable these opportunities,” continued Campbell. “This update incorporates a significant portion of the new generation needed to serve our growing customer base as outlined in our 2024 Integrated Resource Plans, along with other beneficial projects to modernize our transmission and distribution systems to deliver affordable, reliable and sustainable power to the communities we serve.” .”We were pleased to announce a unanimous settlement agreement in our Missouri West rate case which, if approved by the Missouri Public Service Commission (MPSC), delivers a constructive outcome for our Missouri West customers,” said David Campbell, Evergy (EVRG) chairman and chief executive officer. “We also recently announced the sites of two 705 megawatt combined-cycle natural gas plants that will help us meet the growing energy needs in our region, while creating jobs and tax dollars and ensuring we can attract and serve new businesses to our area given the historic opportunities ahead of us in Kansas and Missouri.” “We’re also excited to announce our 2025E-2029E capital investment plan of $16.2 billion, which reflects the infrastructure investment needed to enable these opportunities,” continued Campbell. “This update incorporates a significant portion of the new generation needed to serve our growing customer base as outlined in our 2024 Integrated Resource Plans, along with other beneficial projects to modernize our transmission and distribution systems to deliver affordable, reliable and sustainable power to the communities we serve.” “We are reaffirming our 2024 adjusted earnings per share EPS guidance range of $3.73 to $3.93 and establishing 2025 adjusted EPS guidance of $3.92 to $4.12. Based on our updated financial outlook, we expect long-term adjusted EPS growth in the upper half of our 4% to 6% range starting in 2026.”
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EVRG: