PPL Corp

Earnings Performance: PPL Corporation reported ongoing earnings of $1.69 per share for 2024, a 7% increase from the previous year's earnings of $1.58 per share. The forecast for 2025 is set at a range of $1.75 to $1.87 per share, indicating a continued growth trajectory with expectations of maintaining 6-8% annual earnings and dividend growth through at least 2028, based on the 2025 midpoint.

Increased Capital Investments: The company has announced a significant increase in its capital plan, with $20 billion expected in infrastructure investments from 2025 through 2028, up from the previous $14.3 billion. This is aimed at enhancing grid reliability, transitioning to cleaner energy sources, and meeting growing demand, particularly in Kentucky and Pennsylvania.

Regulatory and Resource Adequacy Challenges: PPL continues to navigate regulatory challenges, including a pending decision on a distribution charge increase in Pennsylvania. There are also discussions around allowing utilities to invest in and own generation to address resource adequacy issues. The timing and success of new legislation in Pennsylvania could significantly impact future operations.