LG&E and KU file stipulation for $4.1B natural gas projects; withdraw battery storage

LG&E & KU Energy LLC

Stipulation filed with KPSC for two 645MW NGCC units (Brown 12 in 2030, Mill Creek 6 in 2031) and SCR on Ghent Unit 2.
Cane Run 400MW BESS withdrawn without prejudice; companies reserve right to refile.
Mill Creek Unit 2 retirement extended from 2027 to in-service date of Mill Creek 6 in 2031.
Aggregate projected capex $4.1B (2025-2031); ~$2.3B in PPL's 2025-2028 plan; PPL not revising plan now.
Stipulation endorsed by KY AG, KIUC, SREA, and KCA; KPSC hearing Aug 4, ruling expected Q4 2025.

item 8.01item 9.01

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