LG&E and KU File Agreement with KPSC to Increase Rates

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The agreement proposes an aggregate increase of approximately $235 million in annual electricity and gas revenues, including $58 million and $132 million for electricity at LG&E and KU, respectively, and $45 million for gas at LG&E. The agreement includes a revised authorized return on equity of 9.90% and a 'stay out' commitment from the companies to refrain from effective base rate increases until August 1, 2028, with the establishment of new rate tracker mechanisms. The KPSC hearing is scheduled for November 3, 2025, and a ruling is anticipated during the fourth quarter of 2025. The agreement is subject to KPSC approval, denial, or modification.

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About PPL Corporation

PPL Corporation is a prominent utility holding company with a primary focus on delivering electricity and natural gas services to a wide range of customers. Headquartered in Allentown, Pennsylvania, PPL Corporation operates through several subsidiaries, providing electricity to millions of residential, commercial, and industrial customers in the United States. The corporation's extensive network includes power generation facilities as well as transmission and distribution systems. PPL is actively involved in the energy sector, influencing both regional and national markets. It strives to maintain reliability and sustainability in its energy supply, with an increasing emphasis on incorporating renewable energy sources and improving grid resilience. The company's operations contribute significantly to the utility industry, impacting economic growth and energy security. Moreover, PPL Corporation plays a vital role in the energy market by investing in innovative technologies and infrastructure development aimed at enhancing energy efficiency and performance. Through strategic planning and a commitment to customer satisfaction, PPL Corporations continues to be a leading participant in the ever-evolving utilities landscape.