RIPUC approves $290M for PPL subsidiary Rhode Island Energy's electric and gas network improvements

PPL Corp

Electric ISR: $127M capital approved (of $181M proposed) plus $15M O&M for vegetation management and inspections.
Gas ISR: $163M approved (of $171M proposed) to replace 60 miles of leak-prone pipe.
PPL reaffirms 2023 EPS forecast of $1.50-$1.65 and 6-8% annual EPS growth through at least 2026.
Excluded projects may be considered in future proceedings; Grid Modernization and Future of Gas reviews ongoing.

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