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RECEIVABLES | 12 Months Ended
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Dec. 31, 2023
Receivables [Abstract] |
RECEIVABLES | RECEIVABLES The Evergy Companies' receivables are detailed in the following table.
|  | December 31
|  | 2023 |  | 2022
Evergy |  | (millions)
Customer accounts receivable - billed |  | $ | 2.6 |  |  | $ | 8.9 |
Customer accounts receivable - unbilled |  | 109.1 |  |  | 136.9 |
Other receivables |  | 169.4 |  |  | 200.9 |
Allowance for credit losses |  | (24.2) |  |  | (31.4) |
Total |  | $ | 256.9 |  |  | $ | 315.3 |
Evergy Kansas Central |  |  |  |
Customer accounts receivable - unbilled |  | 39.9 |  |  | 71.4 |
Other receivables |  | 143.5 |  |  | 194.9 |
Allowance for credit losses |  | (11.6) |  |  | (16.9) |
Total |  | $ | 171.8 |  |  | $ | 249.4 |
Evergy Metro |  |  |  |
Customer accounts receivable - unbilled |  | 27.2 |  |  | 25.5 |
Other receivables |  | 35.7 |  |  | 21.6 |
Allowance for credit losses |  | (7.9) |  |  | (9.3) |
Total |  | $ | 55.0 |  |  | $ | 37.8 |
The Evergy Companies' other receivables as of December 31, 2023 and 2022, 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.
| December 31 |  |  |  |  |  |
| 2023 |  | 2022 |  |  |  |
| (millions) |  |  |  |  |  |
Evergy | $ | 61.5 |  |  | $ | 113.0 |  |  |  |  |  |  |
Evergy Kansas Central | 59.9 |  |  | 110.8 |  |  |  |  |  |  |
Evergy Metro | 0.8 |  |  | 1.3 |  |  |  |  |  |  |
The change in the Evergy Companies' allowance for credit losses is summarized in the following table.
| 2023 |  | 2022
Evergy | (millions)
Beginning balance January 1 | $ | 31.4 |  |  | $ | 32.9 |
Credit loss expense | 15.4 |  |  | 16.1 |
Write-offs | (33.3) |  |  | (28.8) |
Recoveries of prior write-offs | 10.7 |  |  | 11.2 |
Ending balance December 31 | $ | 24.2 |  |  | $ | 31.4 |
Evergy Kansas Central |  |  |
Beginning balance January 1 | $ | 16.9 |  |  | $ | 13.0 |
Credit loss expense | 7.7 |  |  | 13.1 |
Write-offs | (17.7) |  |  | (13.7) |
Recoveries of prior write-offs | 4.7 |  |  | 4.5 |
Ending balance December 31 | $ | 11.6 |  |  | $ | 16.9 |
Evergy Metro |  |  |
Beginning balance January 1 | $ | 9.3 |  |  | $ | 13.3 |
Credit loss expense | 5.0 |  |  | 1.7 |
Write-offs | (10.5) |  |  | (10.2) |
Recoveries of prior write-offs | 4.1 |  |  | 4.5 |
Ending balance December 31 | $ | 7.9 |  |  | $ | 9.3 |
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.
| December 31 |  |  |  |  |  |
| 2023 |  | 2022 |  |  |  |
| (millions) |  |  |  |  |  |
Evergy | $ | 342.0 |  |  | $ | 359.0 |  |  |  |  |  |  |
Evergy Kansas Central | 166.0 |  |  | 185.0 |  |  |  |  |  |  |
Evergy Metro | 126.0 |  |  | 124.0 |  |  |  |  |  |  |
In February 2024, Evergy Kansas Central, Evergy Metro and Evergy Missouri West amended the terms of their receivable sale facilities, including extending the expiration of each receivable sale facility from 2024 to 2025. Prior to the amendment to Evergy Kansas Central's facility, it allowed for $185.0 million in aggregate outstanding principal amount of borrowings from mid-November through mid-July and then $200.0 million from mid-July through mid-November. Prior to the amendment to Evergy Metro's facility, it allowed for $130.0 million in aggregate outstanding principal amount of borrowings at any time. Prior to the amendment to Evergy Missouri West's facility, it allowed for $50.0 million in aggregate outstanding principal amount of borrowings from mid-November through mid-July and then $65.0 million from mid-July through mid-November. Under the amended terms, effective in March 2024, Evergy Kansas Central's facility will allow up to $185.0 million in aggregate outstanding principal amount to be borrowed at any time. To the extent Evergy Kansas Central has qualifying accounts receivable and subject to the bank's discretion, Evergy Kansas Central's facility will allow for an additional $65.0 million in aggregate outstanding principal amount to be borrowed at any time. Evergy Metro's facility will allow up to $130.0 million in aggregate outstanding principal amount to be borrowed at any time. To the extent Evergy Metro has qualifying accounts receivable and subject to the bank's discretion, Evergy Metro's facility will allow for an additional $70.0 million in aggregate outstanding principal amount to be borrowed at any time. Evergy Missouri West's facility will allow up to $50.0 million in aggregate outstanding principal amount to be borrowed at any time. To the extent Evergy Missouri West has qualifying accounts receivable and subject to the bank's discretion, Evergy Missouri West's facility will allow for an additional $65.0 million in aggregate outstanding principal amount to be borrowed at any time.

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- Definition Includes disclosure of claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables. Also provides the disclosures pertaining to a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangements. + References No definition available. + Details
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- References No definition available. + Details
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