The company said operating revenues for the Pennsylvania Regulated segment fell over 3 months by $53 million and over 9 months by $262 million, mainly due to lower PLR revenue, which was partly offset by higher distribution prices and other factors.

1. 01

   The company said operating revenues for the Pennsylvania Regulated segment fell over 3 months by $53 million and over 9 months by $262 million, mainly due to lower PLR revenue, which was partly offset by higher distribution prices and other factors.

2. 02

   The company said PPL Electric's energy purchases decreased by $49 million for the 3 months ended September 30, 2024 and by $244 million for the 9 months, citing lower PLR prices ($222 million over 9 months) as the main factor.

3. 03

   The company said PPL's net cash provided by operating activities for the 9 months ended 2024 increased by $181 million compared with 2023, net income rose by $84 million, and the increase in noncash items was $39 million.

4. 04

   The company said operating revenues for the Rhode Island Regulated segment rose over the 9 months, driven by a $45 million increase in recoveries of gas maintenance expenses, and were offset in part by a $37 million decrease in recoveries of energy purchases.

Key figures

Quarter ended September 30, 2024

Revenue

$2.1B

Operating income

$428M

Net income

$214M

EPS

$0.29

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.