PPL reports higher Q1 earnings as Pennsylvania approves new tariff

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2026.05.15 06:11
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PPL's Q1 ongoing earnings rose to $0.63 per share, driven by increased Kentucky rates and transmission revenues. Pennsylvania approved a new tariff for large power users to cover infrastructure costs. A proposed $275 million settlement may raise residential distribution rates by 4.9%, with a base rate freeze until 2028 and enhanced support for low-income programs.