PPL Electric reaches settlement with Pennsylvania PUC over rate increase

PPL Electric Utilities announced that it has submitted a joint petition for non-unanimous settlement to the Pennsylvania Public Utility Commission requesting approval for an increase in base distribution rates. This proposed adjustment aims to support ongoing investments in a safe, reliable and resilient electric system, while maintaining a strong commitment to customer affordability and service. If approved, this would mark the company’s first base distribution rate increase since 2016. Parties to the settlement include a large and diverse group of stakeholders, including low-income, residential and business consumer advocates. Only two parties raised limited objections, which are confined to certain provisions regarding large net metering customer classification. The settlement provides for an increase in the annual base distribution revenues of $275M to “strengthen system reliability, improve customer service and affordability, and support vital investments for future growth.” The settlement includes important provisions to help ensure the delivery of safe, dependable electric distribution service, while fostering the economic competitiveness of the communities served by PPL Electric Utilities, the company said.