PPL Electric Utilities gets PUC approval for $275M annual revenue increase

PPL Corp

Pennsylvania PUC approves settlement allowing PPL Electric to increase annual base distribution revenue by ~$275M, effective July 1, 2026.
Residential customer bills rise 3.23%; typical residential increase of $6.48/month; first base rate increase since 2016.
New large-load customer class requires 10-year commitments for data centers to prevent cost shifting to other customers.
Starting in 2027, $11M annually in low-income assistance assigned to large-load customers via non-bypassable charge.
PPL Electric agrees to no further base rate increases for at least two years following implementation.

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