PPL Corporation
03/24/2026 | Press release | Distributed by Public on 03/24/2026 15:05
Material Event (Form 8-K)
Item 8.01 Other Events
On March 19, 2026, the Federal Energy Regulatory Commission ("FERC") issued Opinion No. 594, addressing several longstanding complaints commencing with Coakley v. Bangor Hydro-Elec. Co., EL11-66-001, et al.(the "Order") regarding the return on equity ("ROE") for New England transmission owners ("NETOs") under the ISO New England tariff. Pursuant to the Order, the FERC adopted a new methodology for determining ROE and set NETOs' base ROE at 9.57%, with a maximum including incentives not to exceed 12.09%, retroactive to October 16, 2014. The FERC also ordered refunds with interest for certain periods affected by the decision.
The order affects Rhode Island Energy ("RIE"), a wholly-owned subsidiary of PPL Corporation ("PPL" or the "Company"). PPL and RIE are evaluating next steps, including coordinating with the other NETOs, which may include an appeal of the Order. PPL does not expect the Order's potentially relevant components to have a material impact on its operations or financial condition. The Company reaffirms its projected 2026 forecast range of $1.90 to $1.98 per share and annual earnings per share growth target of 6% to 8% with compound annual growth expected to be near the top end of the targeted range through at least 2029.
PPL Corporation published this content on March 24, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on March 24, 2026 at 21:05 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]