On October 20, 2025, Louisville Gas and Electric and Kentucky Utilities, both subsidiaries of PPL Corporation, reached a settlement agreement with key stakeholders and filed it with the Kentucky Public Service Commission. The agreement authorizes revenue increases of $58 million for LG & KU electric service, $45 million for natural gas service, and $132 million for KU electric service, totaling $235 million in additional revenue for the utilities. The deal also establishes a Generation Cost Recovery Adjustment Clause and a Sharing Mechanism Adjustment Clause, providing mechanisms for cost recovery on new generation projects and a 13‑month revenue adjustment period. The agreement includes a stay‑out period until August 1, 2028, giving rate stability for customers and investors. These concrete financial provisions and regulatory approvals represent a material positive development for PPL’s regulated utility operations, directly impacting future earnings and providing a clearer path for capital investment and rate recovery.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.