RECEIVABLES

9 Months Ended

Sep. 30, 2020

The Evergy Companies' receivables are detailed in the following table.



	September 30 2020		December 31 2019
Evergy	(millions)
Customer accounts receivable - billed	$	8.6	$	7.2
Customer accounts receivable - unbilled	143.9		104.0
Other receivables	181.2		127.8
Allowance for credit losses	(15.2)		(10.5)
Total	$	318.5	$	228.5
Evergy Kansas Central
Customer accounts receivable - billed	$	—	$	—
Customer accounts receivable - unbilled	55.3		49.7
Other receivables	206.7		94.5
Allowance for credit losses	(5.5)		(3.8)
Total	$	256.5	$	140.4
Evergy Metro
Customer accounts receivable - billed	$	4.9	$	3.1
Customer accounts receivable - unbilled	56.9		26.5
Other receivables	24.7		23.1
Allowance for credit losses	(6.5)		(4.6)
Total	$	80.0	$	48.1

Evergy's, Evergy Kansas Central's and Evergy Metro's other receivables at September 30, 2020 and December 31, 2019, consisted primarily of receivables from partners in jointly-owned electric utility plants, wholesale sales receivables and receivables related to alternative revenue programs. The Evergy Companies' other receivables also included receivables from contracts with customers as summarized in the following table.



	September 30 2020		December 31 2019
	(millions)
Evergy	$	58.8	$	42.0
Evergy Kansas Central	49.9		37.7
Evergy Metro	6.1		1.2

Allowance for Credit Losses

Historical loss information generally provides the basis for the Evergy Companies' assessment of expected credit losses. The Evergy Companies use an aging of accounts receivable method to assess historical loss information. When historical experience may not fully reflect the Evergy Companies' expectations about the future, the Evergy Companies will adjust historical loss information, as necessary, to reflect the current conditions and reasonable and supportable forecasts not already reflected in the historical loss information.

Receivables are charged off when they are deemed uncollectible, which is based on a number of factors including specific facts surrounding an account and management's judgment.

The change in the Evergy Companies' allowance for credit losses is summarized in the following table.


	2020		2019
Evergy	(millions)
Beginning balance January 1	$	10.5	$	9.2
Credit loss expense	15.5		22.4
Write-offs	(20.8)		(31.9)
Recoveries of prior write-offs	10.0		9.2
Ending balance September 30	$	15.2	$	8.9
Evergy Kansas Central
Beginning balance January 1	$	3.8	$	3.9
Credit loss expense	6.9		5.6
Write-offs	(7.3)		(8.8)
Recoveries of prior write-offs	2.1		2.7
Ending balance September 30	$	5.5	$	3.4
Evergy Metro
Beginning balance January 1	$	4.6	$	3.8
Credit loss expense	5.5		11.7
Write-offs	(8.9)		(16.2)
Recoveries of prior write-offs	5.3		4.6
Ending balance September 30	$	6.5	$	3.9

Sale of Accounts Receivable

Evergy Kansas Central, Evergy Metro and Evergy Missouri West sell an undivided percentage ownership interest in their retail electric accounts receivable to independent outside investors. These sales are accounted for as secured borrowings with accounts receivable pledged as collateral and a corresponding short-term collateralized note payable recognized on the balance sheets. The Evergy Companies' accounts receivable pledged as collateral and the corresponding short-term collateralized note payable are summarized in the following table.



	September 30 2020		December 31 2019
	(millions)
Evergy	$	395.0	$	339.0
Evergy Kansas Central	200.0		171.0
Evergy Metro	130.0		118.0

Each receivable sale facility expires in September 2021. Evergy Kansas Central's facility allows for $185.0 million in aggregate outstanding principal amount of borrowings from mid-October through mid-June and then $200.0 million from mid-June through mid-October. Evergy Metro's facility allows for $130.0 million in aggregate outstanding principal amount of borrowings at any time. Evergy Missouri West's facility allows for $50.0 million in aggregate outstanding principal amount of borrowings from mid-November through mid-June and then $65.0 million from mid-June through mid-November.