Hedge fund blasts Evergy’s stock buybacks and rate-base growth trajectory

摘要

Evergy’s board of directors received a letter Tuesday from hedge fundElliot Management that said Evergy’s decision to use $3.5 billion ofcapital to buy back stock “instead of using that capital to make systeminvestments” will cause utility stakeholders to forego benefits and“translates into approximately $4 billion of shareholder valuedestruction.”