PPL Corp

PPL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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New Generation Will Be Needed for PPL To Meet Data Center Growth Expectations

Andrew Bischof

Mar 9, 2026

Business Strategy and Outlook

We expect PPL to invest $30 billion in its utilities through 2030, supporting 10% growth in consolidated rate base. These regulated utility growth opportunities support our expectation that the company will earn within the upper range of management's 6%-8% earnings growth target.

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PPL Corp

New Generation Will Be Needed for PPL To Meet Data Center Growth Expectations

Business Strategy and Outlook

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