Form 8-K · Current report
PPL Corporation 8-K, filed Aug 27, 2026
- Filed
- CIK
- 0000922224
- Accession no.
- 0000922224-26-000048
Summary
The Rhode Island Public Utilities Commission approved annual revenue increases of $44.1 million for electric and $93.7 million for gas, a 9.275% return on equity and a 48/52 debt-to-equity ratio for The Narragansett Electric Company (Rhode Island Energy) in its base distribution rate case, modifying or rejecting other proposals. The RIPUC denied Rhode Island Energy's hold-harmless proposal as submitted but authorized an alternative adding about $11 million in accelerated customer bill credits for roughly $170 million total, and PPL Corporation reaffirmed its 2026 ongoing earnings per share forecast and long-term earnings growth targets.
Key points
- The approved rate changes take effect September 1, 2026, after Rhode Island Energy made its compliance filing on August 27, 2026.
- The RIPUC did not approve a proposed second rate year and directed Rhode Island Energy to file a new tariff for extra-large electric loads by December 31, 2026.
- Bill credits under the alternative hold-harmless plan will be issued to Rhode Island Energy electric and gas customers from October 2026 through September 2027.
- A final written order is expected in the coming weeks, and Rhode Island Energy and all intervening parties have the right to appeal the decisions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 8.01Other Events
From the filing
Item 8.01 Other Events On August 21, 2026, the Rhode Island Public Utilities Commission ("RIPUC") approved oral motions in the base distribution rate case proceeding of The Narragansett Electric Company d/b/a Rhode Island Energy ("RIE"), which RIE filed in November 2025. In the proceeding, RIE requested increases in annual electric and gas revenues, and sought approval of related accounting and other proposals. The RIPUC approved certain aspects of RIE's proposals and modified or rejected others. …
An excerpt of the text as filed with the SEC, cut for length.
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