Strong Financial Performance
PPL Corporation reported third quarter GAAP earnings of $0.43 per share and ongoing operations earnings of $0.48 per share. The company has narrowed its ongoing earnings forecast range for 2025 to $1.78 to $1.84 per share, maintaining a midpoint of $1.81 per share.
Infrastructure Investment and Growth
PPL is on track to complete $4.3 billion in infrastructure improvements in 2025 and projects $20 billion in infrastructure investments from 2025 through 2028, with an average annual rate base growth of 9.8%.
Data Center Expansion
PPL's Pennsylvania service territory has seen a 40% increase in data center projects, with 20.5 gigawatts now in advanced stages of planning. This includes over 11 gigawatts with public announcements.
Economic Development in Kentucky
The economic development pipeline in Kentucky now totals just under 10 gigawatts of electricity demand, including about 8.7 gigawatts from data centers.
Regulatory Achievements
LG&E and KU received approval for much of their CPCN stipulation agreement, allowing the construction of new natural gas combined cycle units, supporting Kentucky's growing energy needs.