PPL Corporation

Is PPL Corporation publicly traded?
Yes. It trades on the NYSE under ticker PPL and is in the S&P 500.

What utilities does PPL own?
PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric and Kentucky Utilities in Kentucky, and Rhode Island Energy.

Does PPL still operate in the UK?
No. It sold Western Power Distribution in 2021 for about $10.5 billion and redeployed proceeds into the Rhode Island Energy acquisition.

Who is the CEO of PPL?
Vincent Sorgi, president and CEO since June 2020.

Is PPL a regulated utility?
Yes, fully. It spun off its competitive generation business in 2015 and earns all profits under rate regulation.

Pennsylvania Power and Light Company formed in 1920 through the merger of eight regional utilities in eastern and central Pennsylvania. It grew into one of the state's dominant electric utilities, headquartered in Allentown since its earliest days.

The holding company, PPL Corporation, was created in 1994 as the business diversified into merchant generation, energy marketing, and international utilities. The 2000 acquisition of Louisville Gas and Electric Energy brought the Kentucky utilities into the group, and international expansion included Western Power Distribution in the UK and Telstra in Latin America.

A strategic reset began under CEO Bill Spence: the 2015 spin-off of merchant generation into Talen Energy made PPL fully regulated again. Under Vincent Sorgi, who became CEO in June 2020, the company sold Western Power Distribution for about $10.5 billion and completed the acquisition of Rhode Island's Narragansett Electric from National Grid in May 2022, rebranding it Rhode Island Energy.

The current chapter is defined by data center demand. PPL's territories sit in the path of Pennsylvania and Kentucky's large-load boom, and the November 2026 announcement of a deal to supply roughly 2 gigawatts of capacity to QTS's Salem Township data center project through partner Invitium Energy marks the scale of that opportunity.

PPL targets net-zero carbon emissions by 2050, with interim reduction goals across its Kentucky generation fleet. Kentucky Utilities and LG&E have added solar and announced plans for additional natural gas and renewables as coal units retire.

The company publishes annual sustainability reporting covering emissions, grid reliability, and safety metrics. Rhode Island Energy operates under one of the country's most aggressive state decarbonization mandates, the Act on Climate law requiring 100 percent renewable electricity by 2033.

Rate cases: All four utilities file regular rate proceedings before Pennsylvania, Kentucky, Virginia, and Rhode Island regulators, with consumer advocates pressing on bill impacts as capital spending accelerates.

Generation transition: Environmental groups press for faster coal retirements in Kentucky, while PPL argues reliability and data center demand require continued gas and coal transition units through the early 2030s.