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SHORT-TERM BORROWINGS AND SHORT-TERM BANK LINES OF CREDIT
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
SHORT-TERM BORROWINGS AND SHORT-TERM BANK LINES OF CREDIT SHORT-TERM BORROWINGS AND SHORT-TERM BANK LINES OF CREDIT
Evergy's $2.5 billion master credit facility expires in 2027. Evergy, Evergy Kansas Central, Evergy Metro and Evergy Missouri West have borrowing capacity under the master credit facility with specific sublimits for each borrower. These sublimits can be unilaterally adjusted by Evergy for each borrower provided the sublimits remain within minimum and maximum sublimits as specified in the facility. The applicable interest rates and commitment fees of the facility are subject to upward or downward adjustments, within certain limitations, if Evergy achieves, or fails to achieve, certain sustainability-linked targets based on two key performance indicator metrics: (i) Non-Emitting Generation Capacity and (ii) Diverse Supplier Spend (as defined in the facility).
A default by any borrower under the facility or one of its significant subsidiaries on other indebtedness totaling more than $100.0 million constitutes a default by that borrower under the facility. Under the terms of this facility, each of Evergy, Evergy Kansas Central, Evergy Metro and Evergy Missouri West is required to maintain a total indebtedness to total capitalization ratio, as defined in the facility, of not greater than 0.65 to 1.00 at all times. As of March 31, 2024, Evergy, Evergy Kansas Central, Evergy Metro and Evergy Missouri West were in compliance with this covenant.
The following table summarizes the committed credit facilities (excluding receivable sale facilities discussed in Note 3) available to the Evergy Companies as of March 31, 2024 and December 31, 2023.
Amounts Drawn
Master Credit FacilityCommercial PaperLetters of CreditCash BorrowingsAvailable BorrowingsWeighted Average Interest Rate on Short-Term Borrowings
March 31, 2024(millions)
Evergy, Inc.$200.0 $— $0.7 $— $199.3 —%
Evergy Kansas Central750.0 261.5 1.0 — 487.5 5.51%
Evergy Metro(a)
850.0 513.0 — — 337.0 5.52%
Evergy Missouri West700.0 317.0 — — 383.0 5.51%
Evergy(a)
$2,500.0 $1,091.5 $1.7 $— $1,406.8 
December 31, 2023
Evergy, Inc.$300.0 $— $0.7 $— $299.3 —%
Evergy Kansas Central750.0 230.4 1.0 — 518.6 5.56%
Evergy Metro750.0 423.3 — — 326.7 5.58%
Evergy Missouri West700.0 298.1 — — 401.9 5.66%
Evergy$2,500.0 $951.8 $1.7 $— $1,546.5 
(a) As of March 31, 2024, $292.8 million of Evergy Metro's commercial paper borrowings were classified as long-term debt on Evergy's and
Evergy Metro's consolidated balance sheets. See Note 7 for additional information.