David Campbell on rate design
From Evergy Inc ($EVRG) Q3 2025 Earnings Call · · Castify Earnings Call
“Under the proposed LLPS tariff, new large customers will pay a higher rate than that paid by our existing large customers. As a result, the revenues from new customers will directly mitigate future rate increases for our existing customers as we're able to spread the fixed costs of our system over a broader base.”
On , David Campbell, Chief Executive Officer, President & Chairman of the Board at Evergy Inc, spoke about rate design during Evergy Inc ($EVRG) Q3 2025 Earnings Call on Castify Earnings Call.
About David Campbell
David Campbell, chairman and chief executive officer of Evergy, discussed the company's third quarter 2025 results during a November 1 earnings call. He stated that Evergy is narrowing its 2025 adjusted EPS guidance range to $3.92 to $4.02 per share, down from the original range of $3.92 to $4.12, attributing the change to "weather headwinds from below normal cooling degree days." Campbell also announced a 4% increase in the quarterly dividend to $2.78 per share on an annualized basis, which he said is "consistent with our updated growth outlook." During the call, Campbell described the company's proposed Large Load Power Service (LLPS) tariff, under which "new large customers will pay a higher rate than existing customers, ensuring that revenues from new customers directly mitigate future rate increases for our existing customer base." He also commented on regional economic development collaboration, noting his role as vice chair of the Kansas City Area Development Council and expressing that he has been "very impressed" by the teamwork across state lines in the area.