PPL - PPL STOCK NEWS

PPL Electric Utilities has been awarded the 2025 SEPA Power Player Resilience Award for implementing innovative predictive failure technology to enhance grid safety and reliability. The utility has successfully integrated the Early Fault Detection (EFD) system, which uses radio frequency sensors to proactively identify failing electrical components before they cause outages.

The technology continuously monitors power lines for abnormal signals caused by deteriorating equipment and vegetation interference. Since deployment, PPL Electric has detected hundreds of hidden infrastructure issues, preventing potential outages for hundreds of thousands of customers. By 2028, the company plans to install over 9,000 RF sensors across more than 8,000 miles of distribution lines in eastern and central Pennsylvania.

PPL Electric serves nearly 1.5 million customers and consistently ranks among the top utilities for reliability and customer satisfaction. This implementation aligns with their commitment to safety, reliability, and operational efficiency while reducing costly unplanned maintenance work.

PPL 's subsidiaries LG&E and KU have requested approval for additional generation capacity and battery storage to meet Kentucky's unprecedented economic growth and data center demands. The plan includes:

• Two new 645-megawatt natural gas combined-cycle units
• 400 megawatts of battery storage at Cane Run Generating Station
• Environmental control upgrades at Ghent Unit 2

The utilities are discussing potential projects requiring up to 8,000 megawatts, more than double their current energy demand. The first unit (Brown 12) is expected by 2030, followed by Mill Creek 6 in 2031. The battery storage and emission reduction facilities are planned for 2028. Economic load growth is projected to increase by 2,000 megawatts between now and 2032. The Kentucky Public Service Commission is expected to rule on the request by November.

PPL announced its annual employee-led charitable giving campaign raised nearly $9 million in contributions from employees, retirees, and matching funds from PPL's affiliated foundations. The record-setting campaign will support approximately 500 local nonprofit organizations across Pennsylvania, Rhode Island, Kentucky, and Virginia through partnerships with United Way.

The fundraising effort includes a special allocation of $50,000 to the American Red Cross Hurricane Relief Fund, which will be matched by the PPL Foundation for a total contribution of $100,000. The campaign involved participation from employees and retirees across PPL and its subsidiaries, including PPL Electric Utilities, Rhode Island Energy, Louisville Gas and Electric Company, and Kentucky Utilities Company. Additionally, more than 700 employees volunteered during PPL's companywide Day of Caring events in September 2024.

PPL reported 2024 earnings with GAAP earnings of $1.20 per share ($888 million) and ongoing operations earnings of $1.69 per share ($1.25 billion). The company announced a 2025 earnings forecast of $1.75-$1.87 per share and extended its 6-8% annual EPS and dividend growth targets through 2028.

Key highlights include: completion of $3.1 billion in capital investments, achievement of targeted O&M savings of $120-$130 million in 2024, and an increased capital plan of $20 billion for 2025-2028. The company expects 9.8% average annual rate base growth through 2028 and projects equity needs of $2.5 billion to support growth.

PPL also announced a 6% increase in quarterly dividend from $0.2575 to $0.2725 per share, payable April 1, 2025.

PPL (NYSE: PPL) has announced its 2025 Annual Meeting of Shareowners will be conducted in a virtual format. The meeting will be held online on Friday, May 16, 2025, at 9 a.m. Eastern time. Shareholders who are recorded as owners by March 4, 2025, will be eligible to participate and vote in the virtual meeting.

The company will provide detailed instructions for joining the virtual meeting in the upcoming proxy materials that will be distributed to eligible shareowners.

PPL has announced it will release its Q4 and full-year 2024 financial results on February 13. The company will host a conference call at 11 a.m. Eastern Time, featuring CEO Vincent Sorgi and other executives who will discuss quarterly results and business outlook.

The presentation will include both audio and slides, accessible via webcast at www.pplweb.com/investors. Participants can join through the website or by phone using the numbers 1-844-512-2926 (domestic) or 1-412-317-6300 (international), with Elite Entry number 6752826. A replay of the webcast and slides will remain available on the company's investor website for 90 days after the event.

Louisville Gas and Electric Company (LG&E), a PPL subsidiary, has announced its first hyperscale data center electric customer through a joint venture between PowerHouse Data Centers and Poe Companies. The project will develop Kentucky's first 400-megawatt data center campus in Louisville, with the initial 130 megawatts becoming available in October 2026.

The development secured an initial power capacity of 335 megawatts, expandable to 402 megawatts, supported by a new LG&E switch station to be completed in September 2026. The project benefits from a 50-year tax exemption program approved by the Kentucky Legislature in 2024 for data centers in Louisville and Jefferson County. Construction will begin in 2025, with the first building operational by Q4 2026.

The campus will utilize Louisville Water Company's infrastructure and the Ohio River's water supply, averaging 75 billion gallons daily, for cooling and operational efficiency.

PPL (NYSE: PPL) announced organizational changes following the retirement of EVP and COO Francis X. Sullivan, effective April 4. The company will eliminate the Chief Operating Officer role, with Sullivan's responsibilities being split between two executives: David J. Bonenberger, who will become EVP and Chief Operating Officer-Utilities, and Lonnie Bellar, who will become EVP of Engineering, Construction and Generation. Both will report directly to CEO Vincent Sorgi.

Bonenberger, who joined PPL Electric Utilities in 1984, currently oversees utility operations and customer service across PPL's utilities in Pennsylvania, Kentucky, Rhode Island and Virginia. Bellar, who joined Kentucky Utilities in 1987, manages enterprise-wide engineering, construction services, energy supply, and environmental compliance. With this reorganization, Bellar will also assume responsibility for PPL's Kentucky generation fleet.

PPL (NYSE: PPL) has announced its quarterly dividend payment schedule. The company declared a quarterly common stock dividend of $0.2575 per share on November 22, 2024. The dividend will be paid on January 2, 2025, to shareholders who are on record as of December 10, 2024.