Just as coal-fired power plants provided a bulk of the electricity during the historic frigid weather and rolling blackouts that hit Oklahoma, Kansas based company Evergy has changed course about how to abandon those coal plants.
As E&E News reported, the Kansas City utility has come out in support of proposals in Kansas and Missouri aimed at protecting customers and investors from the costs linked to an accelerated retirement of coal-fired power plants. It’s called securitization legislation, something Evergy has opposed in the past, contending such bills were a potential financial risk and unnecessary.
With permission from state regulators, utilities can arrange for the outstanding debt on assets to be sold as bonds that are then repaid by customers’ monthly bill payments.
Click here for the E&E News story.