Reported 28 days ago
PPL Corporation has raised its capital expenditure plan for 2025-2028 to $20 billion, nearly a 40% increase compared to previous estimates, to enhance its grid resilience and meet growing power demand. The U.S. Energy Information Administration anticipates record electricity consumption, driven by data centers, heating, and transportation needs. PPL plans to invest $4.3 billion this year and has projected average annual rate base growth of 9.8% through 2028. The company's shares dipped 1% in premarket trading despite a 6% increase in dividends and 2025 earnings forecasts higher than last year.
Source: YAHOO