PPL

PPL Corporation is an energy utility holding company that delivers electricity and natural gas to approximately 2.5 million customers across Pennsylvania, Kentucky, and Rhode Island. Headquartered in Allentown, Pennsylvania, the company operates through two primary regulated utility subsidiaries: PPL Electric Utilities, which serves eastern and central Pennsylvania, and Louisville Gas and Electric Company and Kentucky Utilities Company, which serve Kentucky. PPL's regulated transmission and distribution infrastructure includes approximately 54,000 miles of electric lines and 4,000 miles of natural gas pipelines. The company generates, transmits, and distributes electricity while also providing natural gas distribution services in select markets. PPL maintains a rate-regulated business model that provides stable, predictable cash flows through approved utility rates. In June 2021, PPL completed the sale of its U.K. utility business, Western Power Distribution, to National Grid for $14 billion, significantly reshaping the company's portfolio to focus exclusively on U.S. operations. The company subsequently acquired Narragansett Electric Company, doing business as Rhode Island Energy, in May 2022 for $3.8 billion, expanding its geographic footprint in the northeastern United States. PPL employs approximately 6,500 workers and maintains a capital investment program focused on grid modernization, reliability improvements, and renewable energy integration. The company prioritizes infrastructure upgrades and clean energy transition initiatives while maintaining its commitment to affordable and reliable service delivery.