Evergy : Prairie Wind Transmission Form 1 2023

Deloitte & Touche LLP

Suite 3300

1100 Walnut Street

Kansas City, MO 64106-2129

USA

Tel: [phone]

www.deloitte.com

INDEPENDENT AUDITOR'S REPORT

The Board of Managers of Prairie Wind Transmission, LLC

Opinion

We have audited the financial statements of Prairie Wind Transmission, LLC (the "Company"), which comprise the balance sheet - regulatory basis as of December 31, 2023, and the related statements of income - regulatory basis, retained earnings - regulatory basis, and cash flows - regulatory basis for the year then ended, included on pages 110 through 123 of the accompanying Federal Energy Regulatory Commission Form 1, and the related notes to the financial statements (the "financial statements").

In our opinion, the accompanying financial statements present fairly, in all material respects, the assets, liabilities, and proprietary capital of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases.

Basis for Opinion

We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Basis of Accounting

As discussed in Note 1 to the financial statements, these financial statements were prepared in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases, which is a basis of accounting other than accounting principles generally accepted in the United States of America. As a result, the financial statements may not be suitable for another purpose. Our opinion is not modified with respect to this matter.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with the accounting requirements of the Federal Energy Regulatory Commission as set forth in its applicable Uniform System of Accounts and published accounting releases. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the financial statements are issued.

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:

• Exercise professional judgment and maintain professional skepticism throughout the audit.
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.

Restriction on Use

This report is intended solely for the information and use of the board of directors and management of the Company and for filing with the Federal Energy Regulatory Commission and is not intended to be and should not be used by anyone other than these specified parties.

April 12, 2024

		FERC FORM NO. 1
	REPORT OF MAJOR ELECTRIC UTILITIES, LICENSEES AND OTHER
		IDENTIFICATION
01 Exact Legal Name of Respondent			02 Year/ Period of Report
Prairie Wind Transmission, LLC			End of: 2023/ Q4
03 Previous Name and Date of Change (If name changed during year)
/
04 Address of Principal Office at End of Period (Street, City, State, Zip Code)
818 South Kansas Avenue, Topeka, KS 66612
05 Name of Contact Person			06 Title of Contact Person
Jeremy Fischer			Treasurer
07 Address of Contact Person (Street, City, State, Zip Code)
818 South Kansas Avenue, Topeka, KS 66612
		09 This Report is An Original / A Resubmission
08 Telephone of Contact Person, Including Area Code		(1) րAn Original	10 Date of Report (Mo, Da, Yr)
[phone]		04/12/2024
		(2) տA Resubmission
		Annual Corporate Officer Certification
The undersigned officer certifies that:
I have examined this report and to the best of my knowledge, information, and belief all statements of fact contained in this report are correct statements of the business affairs of the respondent and the financial statements, and other financial information contained in this report,
conform in all material respects to the Uniform System of Accounts.
01 Name		03 Signature	04 Date Signed (Mo, Da, Yr)
Denise M. Buffington		Denise M. Buffington	04/12/2024
02 Title
President
Title 18, U.S.C. 1001 makes it a crime for any person to knowingly and willingly to make to any Agency or Department of the United States any false, fictitious or fraudulent statements as to any matter within its jurisdiction.
FERC FORM No. 1 (REV. 02-04)		Page 1