The company said the Kentucky Public Service Commission (KPSC) issued orders on February 16, 2026 increasing LG&E's and KU's annual electricity revenues by $59 million and $128 million, respectively, and LG&E's annual gas revenues by $46 million.

1. 01

   The company said the Kentucky Public Service Commission (KPSC) issued orders on February 16, 2026 increasing LG&E's and KU's annual electricity revenues by $59 million and $128 million, respectively, and LG&E's annual gas revenues by $46 million.

2. 02

   PPL said the KPSC orders include authorized returns on equity of 9.775% for base rate purposes and 9.675% for capital rate adjustment mechanisms. It said the rate changes have a retroactive effective date as of January 1, 2026, and the companies will refund amounts in excess of approved rates within sixty days.

3. 03

   The company said the KPSC approved a temporary Pilot Generation Recovery Adjustment Clause (Adjustment Clause PGR) that applies to Mill Creek Unit 5, Brown Battery Energy Storage System, Mercer County Solar and Marion County Solar projects, and excludes Mill Creek Unit 6 and Brown Unit 12.

4. 04

   The company said the KPSC did not approve the earnings-sharing mechanism adjustment clause requested in the stipulation. It said the companies and all intervenors may request rehearing or appeal, and the companies have the right to withdraw from the stipulation.

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