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PPL sub issues $400M 6.000% Sr Notes due 2056; net proceeds $396.3M to repay short-term debt
Narragansett Electric Co. (Rhode Island Energy) issued $400M principal of 6.000% Senior Notes maturing May 15, 2056.
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PPL Electric Utilities issues $500M of 5.75% First Mortgage Bonds due 2056
$500M of First Mortgage Bonds, 5.75% Series due May 15, 2056, issued May 15, 2026.
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PPL shareholders approve amended stock incentive plan increasing share reserve to 30.5M
All 9 director nominees elected; votes ranged from 582M to 597M 'for'.
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PPL Q1 ongoing EPS $0.63 vs $0.60 YoY; reaffirms FY guidance $1.90-$1.98
GAAP net income $452M ($0.60 EPS); ongoing (non-GAAP) $478M ($0.63 EPS), up from $0.60 in Q1 2025.
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FERC Order sets NETO base ROE at 9.57%; PPL says no material impact, reaffirms 2026 EPS $1.90-$1.98
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.
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PPL issues $1.15B of 7% corporate units with mandatory stock purchase in 2029
Issued 23M Corporate Units at $50 each, raising $1.15B total including full over-allotment.
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PPL reports 2025 ongoing EPS $1.81 (+7.1% YoY); guides 2026 $1.90-1.98 per share
2025 reported EPS $1.59; ongoing EPS $1.81, at midpoint of guidance and 7.1% above 2024 ongoing $1.69.
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PPL settles 11.3M shares of forward agreements, raises $400M in equity
Physically settled approx 11.3M shares of common stock on Dec 29, 2025 for $400M net proceeds.
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Rhode Island Energy files $180.7M rate increase request with RI PUC, first since 2017
Seeks two-year rate plan: $180.7M additional revenue in year 1 and $49.4M in year 2 for combined electric/gas base distribution rates.
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PPL subsidiary issues $1.15B of 3.000% Exchangeable Senior Notes due 2030
$1.15B aggregate principal, 3.000% interest, semiannual, matures Dec 1, 2030; includes $150M from full greenshoe.
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PPL Capital Funding prices $1B of 3.000% Exchangeable Senior Notes due 2030
$1B aggregate principal of 3.000% Exchangeable Senior Notes due Dec 1, 2030; net proceeds ~$988.8M.
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PPL Capital Funding to issue $1B exchangeable senior notes due 2030
$1.0B principal amount of Exchangeable Senior Notes due Dec 1, 2030; underwriters option for additional $150M.
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PPL Q3 ongoing EPS $0.48 vs $0.42; narrows 2025 forecast to $1.78-$1.84 midpoint $1.81
Q3 ongoing EPS $0.48 up 14% YoY from $0.42; reported EPS $0.43 vs $0.29.
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PPL enters forward contracts to sell 27.4M shares at ~$35.90, raising ~$984M
Entered forward contracts on Aug 8 and Aug 11, 2025 for 27.4M shares at blended initial forward price of $35.90/share.
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PPL Q2 ongoing EPS $0.32, down 16% YoY; reaffirms 2025 forecast $1.75-$1.87, announces Blackstone JV
Q2 2025 ongoing EPS $0.32 vs $0.38 in Q2 2024; GAAP reported EPS $0.25 vs $0.26.
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PPL and Blackstone Infrastructure form JV for gas-fired generation to power data centers
Joint venture to build, own, and operate new gas-fired combined-cycle generation stations.
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PPL shareholders elect all 10 directors, approve exec compensation, ratify auditor, reject climate proposal
All 10 director nominees elected with vote totals ranging from 576.7M to 592.4M for; broker non-votes ~63.9M.
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PPL reaffirms FY2025 EPS guidance of $1.75-$1.87; midpoint $1.81
Senior management to meet analysts and investors in May 2025.
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PPL Q1 ongoing EPS $0.60 vs $0.54 YoY; reaffirms FY25 forecast $1.75-$1.87
Reported EPS $0.56, ongoing EPS $0.60 (vs $0.54 in Q1 2024), net income $414M vs $307M.
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PPL enters into $2.0B at-the-market equity distribution agreement
Up to $2.0B aggregate sales price of common stock through agents and forward sale agreements.
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PPL reports 2024 adjusted EPS $1.69; boosts capital plan to $20B, raises dividend 6%
2024 GAAP EPS $1.20 (net $888M); ongoing EPS $1.69, up 6% YoY from $1.60.
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PPL eliminates COO role; EVP Francis X. Sullivan to separate April 4, 2025
COO position eliminated; duties delegated to other officers.
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PPL reaffirms 6-8% annual EPS & dividend growth target through at least 2027
Senior management to meet with analysts at 59th EEI Financial Conference Nov 10-12, 2024.
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PPL Q3 ongoing EPS $0.42 vs $0.43 YoY; narrows FY2024 forecast to $1.67-1.73
Q3 2024 reported EPS $0.29 vs $0.31; ongoing EPS $0.42 vs $0.43 a year ago.
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PPL Capital Funding issues $750M of 5.250% Senior Notes due 2034
Issued $750M aggregate principal of 5.250% Senior Notes maturing September 1, 2034.
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PPL reports Q2 ongoing EPS $0.38, up 31% YoY; reaffirms FY2024 guidance
Q2 2024 ongoing EPS $0.38, up 31% YoY; reported EPS $0.26 vs $0.15.
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PPL shareholders re-elect all 10 directors, approve say-on-pay and auditor ratification at 2024 annual meeting
All 10 director nominees elected with votes ranging from ~552.8M to ~569.0M in favor.
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PPL reaffirms 2024 EPS guidance of $1.63-$1.75 at investor meetings in May
Senior management meeting analysts/investors during May 2024 to discuss strategy and outlook.
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PPL Q1 2024 ongoing EPS $0.54 beats $0.48 YoY; reaffirms FY guidance
Q1 2024 ongoing EPS $0.54 vs $0.48 YoY (+12.5%); GAAP EPS $0.42 vs $0.39.