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Analyst Report: PPL Corp

In Business
June 10, 2024


PPL Corp., based in Allentown, Pennsylvania, has generation, transmission, distribution, and wholesale operations. Its utilities deliver electricity and natural gas on a regulated basis to customers in Pennsylvania, Kentucky, Rhode Island, and Virginia. The company also serves natural gas customers in Kentucky. The company has 3.5 million customers. In 2023, Kentucky regulated utilities accounted for 42% of total revenue while Pennsylvania regulated utilities accounted for 36%. PPL has regulated utility operations in Pennsylvania (PPL Electric, 1.4 million customers), Kentucky (KU and Louisville Gas and Electric, 1.3 million), Virginia (less than 0.1 million) and Rhode Island (Rhode Island Energy, previousl

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