Evergy (EVRG) risk factors, FY2024 10-K

Other

1. 01The prices that the FERC, KCC and MPSC authorize the utility subsidiaries of Evergy to charge significantly influence the Evergy Companies' results of operations, financial position and cash flows
2. 02Legislative and regulatory requirements may increase costs and result in compliance penalties
3. 03Costs to comply with environmental laws and regulations, including those relating to air and water quality, waste management and hazardous substance disposal, protected natural resources and health and safety, are significant and may adversely impact operations and financial results
4. 04Financial market volatility or declines in the Evergy Companies' credit ratings may increase financing costs and limit access to the credit markets, which may adversely affect liquidity and financial results
5. 05Evergy is a holding company and relies on the earnings of its subsidiaries to meet its financial obligations
6. 06Supply chain disruptions, tariffs and inflation could negatively impact the Evergy Companies' operations and corporate strategy
7. 07fleet. These disruptions and constraints could have a material adverse effect on the business, results of operations, financial position and cash flows of the Evergy Companies
8. 08Public health crises, epidemics, or pandemics could adversely affect the Evergy Companies' business functions, financial position, liquidity, and results of operations
9. 09Increasing costs associated with defined benefit retirement and postretirement plans, health care plans and other employee benefits could adversely affect Evergy's financial position and liquidity
10. 10The Evergy Companies are subject to commodity and other risks associated with energy markets
11. 11Tax legislation and an inability to utilize tax credits could adversely impact results of operations, financial position and liquidity
12. 12The anticipated benefits of the Evergy Companies' strategy may not be realized
13. 13The price of Evergy common stock may experience volatility
14. 14Evergy has recorded goodwill that could become impaired and adversely affect financial results
15. 15Evergy is subject to wildfire risk
16. 16Changes in electricity consumption could have a material adverse effect on Evergy's results of operations, financial position and cash flows
17. 17Weather is a major driver of the results of operations, financial position and cash flows of the Evergy Companies and the Evergy Companies are subject to risks associated with climate change
18. 18Evergy Companies' service territories could have a material adverse effect on the results of operations, financial position and cash flows of the Evergy Companies
19. 19Climate disclosure rules issued by the SEC may increase the Evergy Companies' costs of compliance and adversely impact their business
20. 20The Evergy Companies are exposed to risks associated with the ownership and operation of a nuclear generating unit, which could adversely impact the Evergy Companies' business and financial results
21. 21reduce rates by excluding the Wolf Creek investment from rate base. Wolf Creek commenced operations in 1985 and the age of Wolf Creek may increase the risk of unplanned outages and may result in higher maintenance costs
22. 22Operational risks may adversely affect the Evergy Companies
23. 23Artificial intelligence (AI) is an emerging area of technology that has the potential to impact various aspects of the Evergy Companies' business operations and customer interactions
24. 24The cost and schedule of capital projects may materially change and expected performance may not be achieved
25. 25Failure to attract and retain an appropriately qualified workforce or to maintain satisfactory collective bargaining agreements could negatively impact the Evergy Companies' business and operations and adversely impact the Evergy Companies' results of operations, financial position and cash flows
26. 26The structure of the regional power market in which the Evergy Companies operate could have an adverse effect on their results of operations, financial position and cash flows
27. 27The outcome of legal proceedings cannot be predicted. An adverse finding could have a material adverse effect on the Evergy Companies' results of operations, financial position and cash flows
28. 28The Evergy Companies are subject to risks relating to environmental, social and governance (ESG) matters that could adversely affect their reputation, business, financial position and results of operations