regulatory
confidence high
sentiment neutral
materiality 0.50
FERC Order sets NETO base ROE at 9.57%; PPL says no material impact, reaffirms 2026 EPS $1.90-$1.98
PPL Corp
- FERC Opinion No. 594 sets base ROE for New England transmission owners at 9.57%, max with incentives 12.09%, retroactive to Oct 16, 2014.
- Order requires refunds with interest for certain periods; PPL subsidiary Rhode Island Energy affected.
- PPL evaluating next steps including possible appeal; does not expect material impact on operations or financial condition.
- PPL reaffirms 2026 EPS forecast $1.90-$1.98 and annual EPS growth target 6-8% CAGR through 2029.