PPL's Kentucky Growth Pipeline Soars to 13.7 GW, Driving Rate Base Expansion

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Monday, Sep 14, 2026 12:53 pm ET1min read

PPL--

Aime Summary

- PPL's Kentucky service area is projected to drive electricity demand growth, expanding its regulated rate base through 13.7 GW of development projects.

- The utility increased investment in signed reimbursement agreements to 1.3 GW, supporting a $23B capital plan through 2029 for 10.3% annual rate-base growth.

- Kentucky's rising load and generation investments position it as a key growth driver, with EPS growth expected to reach the upper end of PPL's 6-8% target range.

PPL Corporation's Kentucky service territory is driving expectations for higher electricity demand, which could support customer growth and expand the regulated rate base. The utility's development pipeline has increased to 13.7 GW of potential load growth, with projects supported by signed reimbursement agreements rising to 1.3 GW from 0.9 GW in the first quarter. PPLPPL-- plans to invest $23 billion through 2029, supporting annual rate-base growth of 10.3% and EPS growth at the upper end of its 6-8% target. Rising load and related generation investment could make Kentucky an important contributor to PPL's long-term growth.

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