PPL Corporation
36.48-0.43 (-1.17%)
Oct 29, 4:00:02 PM EDT · NYSE · PPL · USD
Key Stats
Market Cap
26.98BP/E (TTM)
27.43Basic EPS (TTM)
1.33Dividend Yield
0.03%Recent Filings
8-K
LG&E, KU settle rate hikes
LG&E and KU announced a settlement with key stakeholders on October 20, 2025, proposing a $235 million aggregate increase in annual electricity and gas revenues—$58 million and $45 million for LG&E electric and gas, respectively, and $132 million for KU electric—alongside a 9.90% ROE, pending KPSC approval. The deal commits to no base rate hikes until August 1, 2028, while introducing GCR and SM mechanisms to recover new generation costs and adjust for revenue variances in the final stay-out year. This bolsters system hardening against storms and upgrades aging infrastructure, yet outcomes hinge on regulatory review.
8-K
Rate hike filing for grid upgrades
PPL Electric Utilities filed a petition with the Pennsylvania Public Utility Commission on September 30, 2025, seeking a $356 million annual base rate distribution revenue increase, boosting total revenue by 8.6% and effective July 1, 2026, if approved. The request funds grid modernization, severe weather resilience, and smart technologies to cut outages, building on a decade without rate hikes while keeping costs low. More than $50 million is already in bills, netting a $300 million-plus ask. Outcome remains uncertain amid regulatory review.
8-K
Utility bond issuances extend debt
LG&E and KU, PPL subsidiaries, issued $700 million each in 5.850% first mortgage bonds due 2055 on August 13, 2025, secured by utility assets in Kentucky. Proceeds will repay $300 million and $250 million maturing bonds due October 2025, respectively, plus short-term debt and general purposes. This extends maturities while locking in fixed rates amid rising yields. Early redemption options apply.
8-K
PPL advances ATM equity sales
PPL Corporation entered forward contracts on August 8 and 11, 2025, to sell 27.4 million common shares at a blended $35.90 per share, targeting $984 million in net proceeds via its ATM program. This adds to $1.4 billion in prior contracts since February 2025, derisking much of the $2.5 billion equity need through 2028. Settlements due by 2027. Forward-looking statements carry risks from market shifts.
8-K
PPL Electric issues $500M bonds
PPL Electric Utilities issued $500 million of 5.55% First Mortgage Bonds due 2055 on August 11, 2025, following an underwriting agreement signed August 6. Secured by a lien on most distribution and some transmission properties, the bonds mature August 15, 2055, with early redemption options. Proceeds will repay short-term debt and support general corporate purposes. This bolsters liquidity amid utility sector demands.
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