PPL: revenue $2.11B, net income $230.0M. PPL settles rate cases across PA/KY; Moody's cuts outlook to negative

Filed August 7, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~1 min read

Key Changes

• high

  Pennsylvania rate case settled at annual increase (vs requested), effective July 1, 2026, with two-year rate freeze; Kentucky case approved increase (vs requested) with 9.775% ROE (vs 10.95% requested).

  MD&A: Pennsylvania and Kentucky rate cases verify on EDGAR →
• high

  Moody's revised outlook to negative for PPL, PPL Capital Funding, and RIE in May 2026, the first rating agency action since June 2023, signaling potential downgrade risk within 12-18 months.

  MD&A: Credit ratings verify on EDGAR →
• high

  LG&E/KU merger applications filed with KPSC, VSCC, and FERC; settlement with majority intervenors filed July 2, 2026, recommending approval with rate transition commitments; regulatory orders anticipated Q3-Q4 2026.

  MD&A: LG&E/KU merger proceeding verify on EDGAR →