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AI English summary of an SEC filing — figures as filed

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The company said LG&E and KU filed a stipulation with the Kentucky Public Service Commission on July 29, 2025 to resolve issues with several intervenors in their proceedings on future generation-related construction projects, which began in February 2025.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said LG&E and KU filed a stipulation with the Kentucky Public Service Commission on July 29, 2025 to resolve issues with several intervenors in their proceedings on future generation-related construction projects, which began in February 2025.

  2. The company said the parties agree the KPSC should issue CPCNs for an approximately 645 MW NGCC unit, 2 units (Brown 12 and Mill Creek 6), and an SCR system at Ghent Unit 2.

  3. It said that if the stipulation is approved, construction-period costs for Brown 12 and Mill Creek 6 would be eligible for AFUDC accounting, Mill Creek Unit 2 retirement would be extended from 2027 to the in-service date of Mill Creek 6, and the proposed 400MW (1,600 MWh) Cane Run BESS would be withdrawn without prejudice.

  4. The company said the aggregate projected capital expenditures in the original application are about $4.1 billion (2025 to 2031), including AFUDC, with about $2.3 billion included in the $20 billion 2025 to 2028 capital plan. It said it is not changing its capital plan or rate base projections at this time.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Stipulation Filed with the KPSC

The company said LG&E and KU filed a stipulation with the Kentucky Public Service Commission on July 29, 2025 to resolve issues with several intervenors in their proceedings on future generation-related construction projects, which began in February 2025.

Source · Based on the filing body and exhibits

Facilities Subject to CPCN Approval

The company said the parties agree the KPSC should issue CPCNs for an approximately 645 MW NGCC unit, 2 units (Brown 12 and Mill Creek 6), and an SCR system at Ghent Unit 2.

Source · Based on the filing body and exhibits

Cost Recovery and Cane Run BESS Withdrawal

It said that if the stipulation is approved, construction-period costs for Brown 12 and Mill Creek 6 would be eligible for AFUDC accounting, Mill Creek Unit 2 retirement would be extended from 2027 to the in-service date of Mill Creek 6, and the proposed 400MW (1,600 MWh) Cane Run BESS would be withdrawn without prejudice.

Source · Based on the filing body and exhibits

Capital Spending and PPL Capital Plan

The company said the aggregate projected capital expenditures in the original application are about $4.1 billion (2025 to 2031), including AFUDC, with about $2.3 billion included in the $20 billion 2025 to 2028 capital plan. It said it is not changing its capital plan or rate base projections at this time.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.