PPL Corporation

08/17/2026 | Press release | Distributed by Public on 08/17/2026 06:16

Material Event (Form 8-K)

Item 8.01 Other Events
On August 14, 2026, the Kentucky Public Service Commission ("KPSC") issued an order in the base rate proceedings of Louisville Gas and Electric Company ("LG&E") and Kentucky Utilities Company ("KU", and collectively with LG&E, the "Companies") relating to the Companies' requests for rehearing of the KPSC's February 2026 orders granting certain increases in the Companies' annual electricity and gas revenues and associated accounting and other matters.
The KPSC order approved certain elements of the Companies' rehearing requests, including matters relating to incorporating regulatory assets and liabilities in rate base calculations and recovery therein, utilizing updated cost estimates in a potential recovery cap in the Companies' Pilot Generation Recovery Clause mechanism, and allowing pre-2026 costs to be included in a regulatory asset relating to LG&E's stay-open costs regarding Mill Creek Unit 2.
The KPSC order denied other elements of the Companies' rehearing requests, including seeking reinstatement of certain other aspects of a prior October 2025 stipulation and recommendation of the Companies and certain intervenors in the rate increase proceedings.
The Companies currently estimate that the KPSC order represents increases of approximately $4 million in annual LG&E electricity and gas revenues and approximately $3 million in annual KU electricity revenues, above the increased amounts contained in the KPSC's February 2026 order. The revised rates are effective for services on and after the date of the order.
In connection with the KPSC order, PPL Corporation reaffirms its previously disclosed long-term earnings per share growth targets.
PPL Corporation published this content on August 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on August 17, 2026 at 12:17 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]