PPL Corp

PPL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$33.00	Klxxdd	Bkgrqrvb

PPL Increases Its Capital Investment Plan as It Transitions Away From Coal in Kentucky

Andrew Bischof

Jan 11, 2023

Business Strategy and Outlook

We expect PPL to spend nearly $14 billion at its U.S. utilities through 2026, including its recent acquisition of Narragansett Electric. These regulated utility growth opportunities support our expectations for 7% annual earnings growth, in line with management's 6%-8% earnings growth target through 2026.

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