Evergy Pays $534 Million in Dividends While Requesting a $218 Million Rate Increase !

Evergy Pays $534 Million in Dividends While Requesting a $218 Million Rate Increase

Is it ethical or even constitutional for a government-mandated-monopoly, that basically forces all customers who want electricity to do business with them, to hand out over 66% of the profits from the customer-paid rates to shareholders who have evident conflicts of interest with the customers? Sound unbelievable? Customers learned at the recent rate-hike hearings from Evergy that these dividend amounts were accurate. In the company’s 2022 Annual Report, in the opening letter to shareholders, President and CEO, David Campbell, claims:

You’re paying for bonuses for Evergy executives as well as the Spearville folly of wind turbine ‘green’ energy ! Expect the Kansas Corporate Commission (KCC) to Rubber stamp this request.

If Evergy can afford to pay dividends in an amount well exceeding their recent $218 million requested rate increase, then why didn’t they use the necessary capital from these funds instead of handing them out to investors?  It obviously wasn’t an excess available for a dividend payment, if they are immediately claiming they need the money back in the form of rate increases. This shifting of the burden from the public to the benefit of “shareholders” and executives is abhorrent!

Well, what did you thinkGlobalists would do? This is an example of education without morals and a menace to society, something the bible said would happen in the last days. Turning from your disobedience to the LORD is the only thing that will save you.