PPL Corporation 8-K, filed Aug 17, 2026

Summary

The Kentucky Public Service Commission issued an order on August 14, 2026 in the base rate rehearing proceedings of Louisville Gas and Electric Company and Kentucky Utilities Company, approving elements of their rehearing requests concerning rate base treatment of regulatory assets and liabilities, updated cost estimates in a Pilot Generation Recovery Clause cap, and pre-2026 Mill Creek Unit 2 stay-open costs, while denying requests to reinstate parts of an October 2025 stipulation. The companies estimate the order adds about $4 million in annual LG&E electricity and gas revenues and about $3 million in annual KU electricity revenues beyond the amounts in the KPSC's February 2026 order, with revised rates effective for service on and after the order date, and PPL Corporation reaffirmed its previously disclosed long-term earnings per share growth targets.

Key points

• The KPSC approved incorporating regulatory assets and liabilities into rate base calculations and recovery in the companies' rehearing requests.
• The KPSC denied requests to reinstate certain aspects of a prior October 2025 stipulation and recommendation among the companies and certain intervenors.
• Revised rates are effective for services on and after the date of the KPSC order.
• PPL Corporation reaffirmed its previously disclosed long-term earnings per share growth targets in connection with the order.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.