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Organization and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2018
Accounting Policies [Abstract]  
Summary of Reclassifications
The table below summarizes KCP&L's reclassifications related to operating and investing activities for its consolidated statement of cash flows for year to date September 30, 2017.
 
 
 
Year to Date
 
 
 
 
September 30, 2017
 
 
 
 
As Filed
 
Updated
 
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:
 
 
(in millions)
 
Adjustments to reconcile income to net cash from operating activities:
 
 
 
 
 
 
Amortization of other
 
 
$
23.4

 
$
—

 
Amortization of deferred refueling outage
 
 
—

 
13.7

 
Deferred income taxes, net
 
 
33.4

 
—

 
Investment tax credit amortization
 
 
(0.8
)
 
—

 
Net deferred income taxes and credits
 
 
—

 
32.6

 
Payments for asset retirement obligations
 
 
—

 
(14.9
)
 
Other(a)
 
 
(16.0
)
 
6.3

 
Changes in working capital items:
 
 
 
 
 
 
Fuel inventory and supplies
 
 
—

 
3.6

 
Fuel inventories(a)
 
 
10.8

 
—

 
Materials and supplies(a)
 
 
(7.2
)
 
—

 
Prepaid expenses and other current assets
 
 
—

 
8.9

 
Accrued interest(a)
 
 
8.1

 
—

 
Other current liabilities
 
 
—

 
9.9

 
Changes in other assets
 
 
—

 
52.6

 
Changes in other liabilities
 
 
—

 
7.3

 
Deferred refueling outage costs(a)
 
 
12.1

 
—

 
Pension and post-retirement benefit obligations(a)
 
 
48.6

 
—

 
Fuel recovery mechanisms(a)
 
 
7.6

 
—

 
Total reclassifications
 
 
$
120.0

 
$
120.0

 
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
 
 
 
 
 
 
Additions to property, plant and equipment
 
 
$
—

 
$
(317.1
)
 
Utility capital expenditures
 
 
(295.1
)
 
—

 
Allowance for borrowed funds used during construction
 
 
(4.2
)
 
—

 
Other investing activities
 
 
(17.0
)
 
0.8

 
Total reclassifications
 
 
$
(316.3
)
 
$
(316.3
)
 
(a)Previously reported within Note 3 to the consolidated financial statements of the Great Plains Energy and KCP&L combined Third Quarter 2017 Quarterly Report on Form 10-Q.
Schedule of Fuel Inventory and Supplies
The balances for fuel inventory and supplies are stated separately in the table below.
 
September 30
December 31
 
 
2018
 
 
2017
 
Evergy
 
(millions)
 
Fuel inventory
 
$
163.1

 
 
$
94.1

 
Supplies
 
357.8

 
 
199.5

 
Fuel inventory and supplies
 
$
520.9

 
 
$
293.6

 
Westar Energy
 
 
 
Fuel inventory
 
$
84.9

 
 
$
94.1

 
Supplies
 
183.8

 
 
199.5

 
Fuel inventory and supplies
 
$
268.7

 
 
$
293.6

 
KCP&L(a)
 
 

 
 
 

 
Fuel inventory
 
$
54.6

 
 
$
71.0

 
Supplies
 
129.2

 
 
126.0

 
Fuel inventory and supplies
 
$
183.8

 
 
$
197.0

 
(a) KCP&L amounts are not included in consolidated Evergy as of December 31, 2017.
Summary of Property, Plant and Equipment
The following tables summarize the property, plant and equipment of Evergy, Westar Energy and KCP&L.
September 30, 2018
 
Evergy
 
Westar Energy
 
KCP&L
 
 
(millions)
Electric plant in service
 
$
27,290.0

 
$
13,236.1

 
$
10,594.2

Electric plant acquisition adjustment
 
740.6

 
740.6

 
—

Accumulated depreciation
 
(10,168.2
)
 
(4,838.9
)
 
(4,172.3
)
Plant in service
 
17,862.4

 
9,137.8

 
6,421.9

Construction work in progress
 
723.5

 
443.6

 
183.4

Nuclear fuel, net
 
109.1

 
54.1

 
55.0

Plant to be retired, net(b)
 
141.0

 
2.0

 
—

Property, plant and equipment, net
 
$
18,836.0

 
$
9,637.5

 
$
6,660.3

 
 
 
 
 
 
 
December 31, 2017
 
Evergy
 
Westar Energy
 
KCP&L(a)
 
 
(millions)
Electric plant in service
 
$
12,954.3

 
$
12,954.3

 
$
10,213.2

Electric plant acquisition adjustment
 
739.0

 
739.0

 
—

Accumulated depreciation
 
(4,651.7
)
 
(4,651.7
)
 
(4,070.3
)
Plant in service
 
9,041.6

 
9,041.6

 
6,142.9

Construction work in progress
 
434.9

 
434.9

 
350.3

Nuclear fuel, net
 
71.4

 
71.4

 
72.4

Plant to be retired, net(b)
 
5.9

 
5.9

 
—

Property, plant and equipment, net
 
$
9,553.8

 
$
9,553.8

 
$
6,565.6

(a) KCP&L amounts are not included in consolidated Evergy as of December 31, 2017.
(b) As of September 30, 2018, represents the planned retirement of GMO's Sibley No. 3 Unit and Westar Energy analog meters prior to the end of their remaining useful lives. As of December 31, 2017, represents the planned retirement of Westar Energy analog meters prior to the end of their remaining useful lives.
Schedule of Earnings Per Share, Basic and Diluted
The following table reconciles Evergy's basic and diluted EPS.
 
Three Months Ended
September 30
 
Year to Date
September 30
 
2018
 
2017
 
2018
 
2017
Income
(millions, except per share amounts)
Net income
$
357.6

 
$
160.7

 
$
524.9

 
$
300.2

Less: net income attributable to noncontrolling interests
2.6

 
2.4

 
7.6

 
10.2

Net income attributable to Evergy, Inc.
355.0

 
158.3

 
517.3

 
290.0

Less: net income allocated to RSUs
0.2

 
0.3

 
0.4

 
0.5

Net income allocated to common stock
$
354.8

 
$
158.0

 
$
516.9

 
$
289.5

Common Shares Outstanding
 
 
 

 
 

 
 

Weighted average equivalent common shares outstanding - basic
268.6

 
142.5

 
197.9

 
142.5

Add: effect of dilutive securities
0.2

 
—

 
0.1

 
—

Weighted average equivalent common shares outstanding - diluted
268.8

 
142.5

 
198.0

 
142.5

Basic and Diluted EPS
$
1.32

 
$
1.11

 
$
2.61

 
$
2.03
Supplemental Cash Flow Information
Year to Date September 30
 
2018
 
2017
Evergy
 
(millions)
Cash paid for (received from):
 
 
 
 
Interest, net of amounts capitalized
 
$
148.7

 
$
109.0

Interest of VIEs
 
2.3

 
3.1

Income taxes, net of refunds
 
0.6

 
(12.6
)
Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions (reductions)
 
(24.8
)
 
112.5

Deconsolidation of property, plant and equipment of VIE
 
—

 
(72.9
)
Non-cash financing transactions:
 
 
 
 
Issuance of stock for compensation and reinvested dividends
 
0.4

 
4.9

Deconsolidation of VIE
 
—

 
(83.1
)
Assets acquired through capital leases
 
0.1

 
4.6

Westar Energy
 
 
Cash paid for (received from):
 
 
 
 
Interest, net of amounts capitalized
 
$
110.5

 
$
109.0

Interest of VIEs
 
2.3

 
3.1

Income taxes, net of refunds
 
—

 
(12.6
)
Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions (reductions)
 
(42.0
)
 
112.5

Deconsolidation of property, plant and equipment of VIE
 
—

 
(72.9
)
Non-cash financing transactions:
 
 
 
 
Issuance of stock for compensation and reinvested dividends
 
—

 
4.9

Deconsolidation of VIE
 
—

 
(83.1
)
Assets acquired through capital leases
 
0.1

 
4.6

KCP&L(a)
 
 
Cash paid for (received from):
 
 
 
 
Interest, net of amounts capitalized
 
$
87.6

 
$
88.6

Income taxes, net of refunds
 
28.4

 
4.9

Non-cash investing transactions:
 
 
 
 
Property, plant and equipment additions
 
15.2

 
15.5

(a) KCP&L amounts are included in consolidated Evergy from the date of the closing of the merger, June 4, 2018, through September 30, 2018.
Schedule of Retrospective Adjustments
The following table reflects the retrospective adjustments in the line items of the Evergy Companies' consolidated statements of income and comprehensive income associated with the adoption of ASU No. 2017-07.
 
Three Months Ended
 
Year to Date
 
September 30, 2017
 
September 30, 2017
 
As Previously Reported(b)
 
Effect of
Change
 
As Reported
 
As Previously Reported(b)
 
Effect of
Change
 
As Reported
Evergy
(millions)
Operating and maintenance expense
$
145.5

 
$
(4.9
)
 
$
140.6

 
$
430.6

 
$
(15.0
)
 
$
415.6

Total operating expenses
534.3

 
(4.9
)
 
529.4

 
1,434.7

 
(15.0
)
 
1,419.7

Income from operations
260.0

 
4.9

 
264.9

 
541.5

 
15.0

 
556.5

Other expense
(6.6
)
 
(4.9
)
 
(11.5
)
 
(14.6
)
 
(15.0
)
 
(29.6
)
Total other income (expense), net
(1.7
)
 
(4.9
)
 
(6.6
)
 
(5.4
)
 
(15.0
)
 
(20.4
)
Westar Energy
 
 
 
 
 
 
 
 
 
 

Operating and maintenance expense
$
145.5

 
$
(4.9
)
 
$
140.6

 
$
430.6

 
$
(15.0
)
 
$
415.6

Total operating expenses
534.3

 
(4.9
)
 
529.4

 
1,434.7

 
(15.0
)
 
1,419.7

Income from operations
260.0

 
4.9

 
264.9

 
541.5

 
15.0

 
556.5

Other expense
(6.6
)
 
(4.9
)
 
(11.5
)
 
(14.6
)
 
(15.0
)
 
(29.6
)
Total other income (expense), net
(1.7
)
 
(4.9
)
 
(6.6
)
 
(5.4
)
 
(15.0
)
 
(20.4
)
KCP&L(a)
 
 
 
 
 
 
 
 
 
 

Operating and maintenance expense
$
124.2

 
$
(9.9
)
 
$
114.3

 
$
385.0

 
$
(34.3
)
 
$
350.7

Total operating expenses
385.8

 
(9.9
)
 
375.9

 
1,092.4

 
(34.3
)
 
1,058.1

Income from operations
209.9

 
9.9

 
219.8

 
381.9

 
34.3

 
416.2

Other expense
(2.0
)
 
(9.9
)
 
(11.9
)
 
(6.4
)
 
(34.3
)
 
(40.7
)
Total other income (expense), net
0.7

 
(9.9
)
 
(9.2
)
 
0.5

 
(34.3
)
 
(33.8
)
(a) KCP&L amounts are not included in consolidated Evergy for the three months ended and year to date September 30, 2017.
(b) Certain Evergy, Westar Energy, and KCP&L as previously reported amounts have been adjusted to reflect reclassification adjustments made for comparative purposes as discussed further in Principles of Consolidation above and that have no impact on net income.