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PPL (PPL)

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Earnings summaries and quarterly performance for PPL.

Recent press releases and 8-K filings for PPL.

PPL Corporation and PPL Electric Utilities outline affordability and transparency measures
PPL
New Projects/Investments
  • PPL Electric reaffirms commitment to ratemaking transparency, engaging in full rate reviews, management audits, and collaborating on settlements, after controlling O&M expenses 25% below inflation over the past decade and avoiding base rate increases since 2015.
  • The company supports reforms to protect customers from deceptive retail markets, noting retail shopping abuses cost residential customers over $60 million in 2025, and plans to eliminate “junk” fees and reinstate Chapter 14 protections for vulnerable households.
  • With energy supply prices up more than 200% over five years, supply costs now represent 47% of a typical residential bill, prompting PPL Electric to advocate building new generation to lower bills.
  • PPL Corporation has formed a joint venture with Blackstone Infrastructure to develop generation capacity supporting data center load growth in Pennsylvania.
24 hours ago
PPL supports new power auction to spur data center generation
PPL
New Projects/Investments
  • PPL CEO Vincent Sorgi endorses the call by President Trump and Governor Shapiro for a special PJM auction to fund new dispatchable generation for data centers, emphasizing the urgent need for reliable capacity.
  • PPL has formed a joint venture with Blackstone Infrastructure to build, own and operate new dispatchable generation under long-term energy services agreements, with groundwork underway since its July announcement.
  • The company backs proposed Pennsylvania legislation that would allow regulated utilities to build and own generation and establish long-term contracting with independent power producers to enhance grid reliability and affordability.
Jan 20, 2026, 1:00 PM
PPL expands Palm Desert headquarters
PPL
New Projects/Investments
  • PPL purchased a 7,500+ square-foot commercial building on El Paseo in Palm Desert to serve as its Coachella Valley flagship location.
  • In 2025, the company closed over $500 million in funded loan volume, marking a 70% increase in volume and a 59% rise in loans closed year over year.
  • The firm strengthened its operational capacity by adding 11 experienced processors and support staff during 2025.
  • PPL’s expansion reflects its strategy to deepen regional presence across Southern California with enhanced in-house underwriting and lending technology.
Jan 6, 2026, 1:57 PM
PPL Corp physically settles forward share agreements
PPL
  • On December 29, 2025, PPL Corporation physically settled forward sale agreements by delivering approximately 11.3 million shares of common stock, generating net proceeds of $400 million.
  • The forward agreements originally covered 38.7 million shares (approximately $1.4 billion), of which 27.4 million shares (approximately $1.0 billion) remain to be settled by December 30, 2026 and August 11, 2027.
  • These transactions were executed under PPL’s Equity Distribution Agreement and related Master Forward Confirmations dated February 14, 2025.
Dec 29, 2025, 9:26 PM
PPL’s Rhode Island Energy Files First Comprehensive Rate Review Since 2017
PPL
  • On November 26, 2025, Rhode Island Energy, a PPL subsidiary, filed with the Rhode Island Public Utilities Commission its first comprehensive electric and gas distribution rate review since 2017, with new rates proposed to take effect September 1, 2026 if approved.
  • The two-year rate plan seeks to collect $180.7 million of additional operating revenue in year 1 and $49.4 million in year 2, based on a historical test year of September 1, 2024–August 31, 2025 and a requested 10.75% ROE.
  • The proposal focuses on system reliability investments (e.g., gas pipe replacements, grid modernization), customer experience enhancements (new billing systems, improved self-service tools), and affordability measures (redesigned low-income discount).
  • If approved, the average residential electric customer (500 kWh/month) would see an increase of $7.78 (4.83%) per month, and the typical gas heating customer (845 therms/year) an increase of $343.53 (20.60%) per year (~$28.63/month).
Nov 26, 2025, 2:26 PM
PPL Corporation issues $1.15 billion of 3.000% exchangeable senior notes due 2030
PPL
Debt Issuance
  • On November 24, 2025, PPL Capital Funding, Inc., a wholly owned subsidiary of PPL Corporation, issued $1.15 billion aggregate principal amount of 3.000% Exchangeable Senior Notes due 2030, including $150 million purchased upon full exercise of the initial purchaser option.
  • The Notes are senior, unsecured obligations of the Issuer, fully guaranteed by PPL Corporation, bear 3.000% interest per year payable semiannually beginning June 1, 2026, and mature on December 1, 2030.
  • They are initially exchangeable at 23.4412 shares of common stock per $1,000 principal (equivalent to an exchange price of ~$42.66/share, a 20% premium to the $35.55 NYSE closing price on November 19, 2025).
  • Net proceeds of $1.14 billion, after discounts and commissions, will be used to repay short-term debt and for general corporate purposes.
Nov 24, 2025, 9:43 PM
PPL Capital Funding prices $1bn 3.0% exchangeable notes due 2030
PPL
Debt Issuance
  • PPL Capital Funding, Inc., wholly owned by PPL Corp, priced $1.0 billion of 3.000% Exchangeable Senior Notes due 2030, fully and unconditionally guaranteed by PPL Corporation.
  • The notes pay 3.000% interest semi-annually and are exchangeable at an initial rate of 23.4412 shares per $1,000 principal (approx. $42.66/share, a 20% premium to PPL’s $35.55 close on NYSE on Nov 19, 2025).
  • Expected settlement on November 24, 2025, yielding net proceeds of about $988.8 million, earmarked for short-term debt repayment and general corporate purposes.
  • Initial purchasers have a 13-day option to purchase up to an additional $150 million of the notes.
Nov 20, 2025, 12:21 PM
PPL Capital Funding prices $1 B of 3.000% exchangeable notes due 2030
PPL
Debt Issuance
  • PPL Capital Funding, a subsidiary of PPL Corporation, priced $1 billion aggregate principal amount of 3.000% Exchangeable Senior Notes due 2030, with an option for up to $150 million additional notes.
  • The notes are senior unsecured obligations guaranteed by PPL, bearing interest at 3.000%, payable semi-annually on June 1 and December 1, beginning June 1, 2026.
  • They are exchangeable into 23.4412 shares of PPL common stock per $1,000 principal (exchange price ≈ $42.66/share), reflecting a 20% premium to the Nov 19, 2025 share price.
  • Net proceeds are intended to repay short-term debt and for general corporate purposes.
Nov 20, 2025, 1:22 AM
PPL Corp proposes $1 billion exchangeable notes offering
PPL
Debt Issuance
  • PPL Capital Funding, Inc., a wholly-owned subsidiary of PPL Corporation (NYSE: PPL), intends a private placement of $1.0 billion in senior exchangeable notes due 2030, with an option for purchasers to buy an additional $150 million.
  • The notes will be senior, unsecured obligations of PPL Capital Funding, fully and unconditionally guaranteed by PPL Corporation, accrue semi-annual interest, and mature on December 1, 2030.
  • Redemption is not permitted before December 5, 2028; thereafter, PPL Capital Funding may redeem the notes at 100% of principal if the common stock trades at least 130% of the exchange price for 20 of 30 consecutive trading days.
  • Proceeds are to be used to repay short-term debt and for general corporate purposes.
Nov 19, 2025, 12:21 PM
PPL Capital Funding announces $1 billion exchangeable senior notes offering
PPL
Debt Issuance
  • PPL Capital Funding plans to privately place $1 billion aggregate principal of Exchangeable Senior Notes due 2030, with an option for purchasers to acquire up to an additional $150 million.
  • The notes are senior, unsecured obligations fully and unconditionally guaranteed by PPL Corporation, accrue interest semi-annually, and mature on December 1, 2030.
  • Notes are exchangeable, subject to conditions, for cash, PPL common stock, or a combination thereof; PPL may redeem them on or after December 5, 2028, if the stock trades at 130% of the exchange price over specified periods.
  • Holders can require PPL Capital Funding to repurchase notes upon a fundamental change at 100% of principal plus accrued interest; net proceeds will repay short-term debt and support general corporate purposes.
Nov 19, 2025, 11:50 AM