PPL said on March 13, 2026 that its subsidiary PPL Electric Utilities Corporation submitted a joint petition to the Pennsylvania Public Utility Commission requesting approval of a settlement resolving all issues in PPL Electric's base rate proceeding. The company said the settlement is subject to PUC approval, with a decision expected before the end of Q2 2026.

1. 01

   PPL said on March 13, 2026 that its subsidiary PPL Electric Utilities Corporation submitted a joint petition to the Pennsylvania Public Utility Commission requesting approval of a settlement resolving all issues in PPL Electric's base rate proceeding. The company said the settlement is subject to PUC approval, with a decision expected before the end of Q2 2026.

2. 02

   PPL said if the settlement is approved, annual electric base distribution revenue would increase by approximately $275 million, compared to PPL Electric's filed request of approximately $356 million. The company said rates are proposed to take effect for service rendered on and after July 1, 2026.

3. 03

   PPL said the settlement sets the expense from reportable storms recovered through base rates for the Storm Damage Expense Rider at $32 million annually beginning July 1, 2026, an increase from $20 million. The company said to the extent eligible reportable storm expenses are above or below this level, over or under collections would be addressed through the SDER during the applicable recovery period.

4. 04

   PPL said the settlement supports adoption of a new LP-6 tariff schedule governing service to certain large load customers, including data centers, and that this new rate class would provide $11 million in support for PPL Electric's residential low-income program. The company said LP-6 customers would be required to enter into electric service agreements that include, among other terms, minimum contract term provisions, minimum load guarantee provisions and an exit fee mechanism.

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Original filing

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