{
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  "slug": "ppl",
  "name": "PPL Corp",
  "updatedAt": "2026-09-28T11:55:18.845798Z",
  "sections": [
    {
      "type": "OVERVIEW",
      "text": "PPL Corporation is a U.S. regulated utility holding company headquartered in Allentown, Pennsylvania. Its utilities provide electric generation, transmission and distribution in Kentucky; electric transmission and distribution in Pennsylvania and Rhode Island; and natural gas distribution in Kentucky and Rhode Island. Its regulated operations also serve electric customers in parts of Virginia. [P25279357][https://www.pplweb.com/about-us/who-we-are/]\n\nPPL states that its mission is to provide safe, affordable, reliable and sustainable energy. The company reports approximately 3.6 million customers and 6,600 employees. Its 2025 operating revenue was $9.04 billion. [https://www.pplweb.com/about-us/our-vision/][https://www.pplweb.com/about-us/who-we-are/][https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm]\n[P25279357][https://www.pplweb.com/about-us/who-we-are/][https://www.pplweb.com/about-us/our-vision/][https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm]",
      "updatedAt": "2026-09-28T11:55:18.845798Z"
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      "type": "PRODUCTS",
      "text": "PPL’s principal products are electricity and natural gas delivered through regulated utilities. In Pennsylvania, PPL Electric Utilities transmits and distributes electricity. In Kentucky, Louisville Gas and Electric (LG&E) and Kentucky Utilities (KU) generate, transmit, distribute and sell electricity; LG&E also distributes and sells natural gas. In Rhode Island, Rhode Island Energy transmits, distributes and sells electricity and distributes and sells natural gas. Kentucky is PPL’s electricity-generation business, with approximately 7,500 megawatts of regulated net summer generating capacity at year-end 2024. [T902019][P118539724][https://www.sec.gov/Archives/edgar/data/922224/000095017025048981/ppl-2024_annual_report.pdf]\n\nService is supplied under regulated tariffs to residential, commercial and other customers. Related offerings include energy-efficiency programs and arrangements for customers who generate renewable electricity: PPL Electric offers net metering for qualifying customer-generators, while LG&E and KU offer net metering and a voluntary Green Tariff for businesses. In 2024, Kentucky regulated operations generated approximately $3.6 billion of operating revenue, Pennsylvania regulated operations $2.9 billion, and Rhode Island regulated operations $2.0 billion—roughly 42%, 34% and 24%, respectively, of the three segments’ combined revenue. These are geographic segment figures, not separate electricity-versus-gas product revenue shares. [P79224620][P23588615][https://www.pplelectric.com/site/More/For-Construction/DER-Management/Net-Metering-and-Virtual-Net-Metering][https://lge-ku.com/net-metering][https://lge-ku.com/green-tariff][T9537721]\n[T902019][P118539724][P79224620][P23588615][T9537721][https://www.sec.gov/Archives/edgar/data/922224/000095017025048981/ppl-2024_annual_report.pdf][https://www.pplelectric.com/site/More/For-Construction/DER-Management/Net-Metering-and-Virtual-Net-Metering][https://lge-ku.com/net-metering][https://lge-ku.com/green-tariff]",
      "updatedAt": "2026-09-28T11:55:18.845798Z"
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    {
      "type": "GEOGRAPHY",
      "text": "PPL operates regulated utilities primarily in Pennsylvania, Kentucky and Rhode Island, with a smaller electric service territory in southwestern Virginia. PPL Electric serves eastern and central Pennsylvania; LG&E provides electric and natural-gas service in and around Louisville, Kentucky; Kentucky Utilities serves customers across Kentucky and, as Old Dominion Power, in five Virginia counties. Rhode Island Energy provides electric and natural-gas service across substantially all of Rhode Island. [P79905672][P100656244][P36699412][P44251456][P38121173]\n\nIn 2025, PPL reported $3.76 billion in revenue from its Kentucky regulated segment, $3.11 billion from Pennsylvania and $2.17 billion from Rhode Island—approximately 42%, 34% and 24%, respectively, of its $9.04 billion in consolidated revenue. These are operating-segment figures rather than a separate state-by-state sales breakdown; the Kentucky segment includes the smaller Virginia service territory. PPL’s principal office is in Allentown, Pennsylvania, while LG&E and Kentucky Utilities have offices in Louisville and Lexington, Kentucky, respectively. [https://www.sec.gov/Archives/edgar/data/317187/000092222426000008/ppl-20251231.htm]\n[P79905672][P100656244][P36699412][P44251456][P38121173][T11756877][T11756877][T11756877][T11756877][P25279357][P100656244][P36699412][https://www.sec.gov/Archives/edgar/data/317187/000092222426000008/ppl-20251231.htm]",
      "updatedAt": "2026-09-28T11:55:18.845798Z"
    },
    {
      "type": "SEGMENTS",
      "text": "PPL reports three regulated utility segments. Kentucky Regulated comprises LG&E and KU, which generate, transmit, distribute and sell electricity, primarily in Kentucky; LG&E also distributes and sells natural gas. Pennsylvania Regulated comprises PPL Electric’s electricity transmission and distribution operations. Rhode Island Regulated comprises Rhode Island Energy’s electricity transmission, distribution and sales, and natural-gas distribution and sales. [https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm]\n\nIn 2025, Kentucky Regulated generated $3.76 billion in operating revenue from external customers, or approximately 42% of PPL’s consolidated operating revenue. Pennsylvania Regulated generated $3.11 billion, or 34%, and Rhode Island Regulated generated $2.17 billion, or 24%. The three segments accounted for virtually all consolidated operating revenue. [https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm]\n[T2780809][T11756877][https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm]",
      "updatedAt": "2026-09-28T11:55:18.845798Z"
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    {
      "type": "HISTORY",
      "text": "PPL traces its origins to June 4, 1920, when eight utilities combined to form Pennsylvania Power & Light (PP&L). The company expanded its generating fleet over subsequent decades; the two units of its Susquehanna nuclear plant entered commercial operation in 1983 and 1985. [https://www.pplweb.com/about-us/our-heritage/timeline/][https://pris.iaea.org/PRIS/CountryStatistics/ReactorDetails.aspx?current=696][https://www.iaea.org/PRIS/CountryStatistics/ReactorDetails.aspx?current=697]\n\nPP&L began expanding into the United Kingdom in the 1990s, acquiring a stake in SWEB Holdings in 1996. Its parent company adopted the name PPL Corporation in 2000. PPL acquired E.ON U.S., the parent of Louisville Gas & Electric and Kentucky Utilities, in 2010, and expanded its UK electricity distribution business through the acquisition of Central Networks in 2011. [https://southerncompany.mediaroom.com/index.php?item=1766&s=34171][https://www.sec.gov/Archives/edgar/data/922224/000095012000000043/0000950120-00-000043.txt][https://news.pplweb.com/news-releases?item=17810][https://news.pplweb.com/news-releases?item=31710]\n\nIn 2015, PPL spun off its competitive generation business, which was combined with Riverstone assets to form Talen Energy. PPL sold its UK utility business, Western Power Distribution, to National Grid in 2021. The following year, it acquired The Narragansett Electric Company from National Grid, adding a Rhode Island electric and gas utility to its operations. [https://news.pplweb.com/2015-06-01-PPL-Completes-Spinoff-of-Competitive-Supply-Business][https://news.pplweb.com/2021-06-14-PPL-Corporation-completes-sale-of-U-K-utility-business,-resulting-in-net-cash-proceeds-of-10-4-billion][https://news.pplweb.com/2022-05-25-PPL-Corporation-completes-acquisition-of-Rhode-Islands-primary-electric-and-natural-gas-utility]\n[https://www.pplweb.com/about-us/our-heritage/timeline/][https://pris.iaea.org/PRIS/CountryStatistics/ReactorDetails.aspx?current=696][https://www.iaea.org/PRIS/CountryStatistics/ReactorDetails.aspx?current=697][https://southerncompany.mediaroom.com/index.php?item=1766&s=34171][https://www.sec.gov/Archives/edgar/data/922224/000095012000000043/0000950120-00-000043.txt][https://news.pplweb.com/news-releases?item=17810][https://news.pplweb.com/news-releases?item=31710][https://news.pplweb.com/2015-06-01-PPL-Completes-Spinoff-of-Competitive-Supply-Business][https://news.pplweb.com/2021-06-14-PPL-Corporation-completes-sale-of-U-K-utility-business,-resulting-in-net-cash-proceeds-of-10-4-billion][https://news.pplweb.com/2022-05-25-PPL-Corporation-completes-acquisition-of-Rhode-Islands-primary-electric-and-natural-gas-utility]",
      "updatedAt": "2026-09-28T11:55:18.845798Z"
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