RIPUC Approves Rate Increases for RIE

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The RIPUC authorized annual revenue increases of $44.1 million for electric and $93.7 million for gas, with a return on equity of 9.275% and a debt-to-equity ratio of 48 percent debt to 52 percent equity. The RIPUC also approved an alternative proposal regarding the Hold Harmless Commitment, increasing the accelerated amount to be provided to customers as bill credits by approximately $11 million, resulting in total credits of approximately $170 million. The approved rate changes will be effective as of September 1, 2026. PPL Corporation reaffirms its previously disclosed 2026 ongoing earnings per share forecast and long-term earnings growth targets.

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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.