PPL Subsidiaries Seek Revenue Increases for System Upgrades

PPL ( (PPL) ) has shared an announcement.

On May 15, 2025, LG&E and KU announced plans to request revenue increases from the Kentucky Public Service Commission to support system enhancements aimed at improving reliability and resilience against severe weather. The proposed increases include 8.3% for LG&E electricity, 11.5% for KU electricity, and 14.0% for LG&E gas, with new rates potentially effective from January 1, 2026. These enhancements are part of ongoing efforts to upgrade aging infrastructure, improve customer service, and maintain competitive rates despite rising costs. The companies emphasize the importance of these investments in light of increasing severe weather events and the need for modernized systems.

The most recent analyst rating on (PPL) stock is a Buy with a $56.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.

Spark’s Take on PPL Stock

According to Spark, TipRanks’ AI Analyst, PPL is a Outperform.

PPL’s stock score reflects strong financial performance and earnings growth, bolstered by infrastructure investments. While the technical indicators suggest short-term weakness, the company’s strategic initiatives and financial discipline provide a solid foundation for future growth. High valuation and cash flow challenges remain key risks.

To see Spark’s full report on PPL stock, click here.

More about PPL

Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), part of the PPL Corporation family, are regulated utilities serving over 1.3 million customers. LG&E provides natural gas and electric services in Louisville and surrounding areas, while KU serves customers in Kentucky and Virginia. The companies are known for their strong customer service.

Average Trading Volume: 5,791,174

Technical Sentiment Signal: Buy

Current Market Cap: $24.98B

See more data about PPL stock on TipRanks’ Stock Analysis page.