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Morningstar

PPL Corp

PPL: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$53.00FpqvtzlPtxdprsr

After Acquisition Close, PPL Management Looks to Implement Cost Savings

Business Strategy and Outlook

We expect PPL to spend nearly $12 billion at its U.S. utilities through 2026, including its recent acquisition of Narragansett Electric. Through 2030, PPL sees $27 billion in total capital investment opportunities. These regulated utility growth opportunities support our expectations for 6% annual earnings growth, the low end of management's 6%-8% earnings growth target through 2025.

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