PPL Electric Utilities selected for U.S. Department of Energy grant for Montour Grid Resilience and Advanced Reconductoring Project

The U.S. Energy Department will invest $2B in 31 projects across 26 states to boost the aging power grid's capacity by 23 gigawatts, enough for 16M homes. PPL Corp. receives $71.5M to modernize a transmission line. The upgrades aim to improve reliability and lower costs amid rising demand from AI-driven data centers. Funding comes from the bipartisan infrastructure law.

PPL Corp. (NYSE:PPL) reported Q2 earnings up 26% to $0.30 per share, with ongoing operations earnings at $0.33 per share. The company reaffirmed its full-year guidance of $1.90-$1.98 per share and 6-8% annual growth through 2029. PPL sees $10B-$12B in generation investment opportunities by 2032, driven by data center growth in Pennsylvania and Kentucky. However, core earnings grew only 3%, and debt increased to $19.79B.

PPL Corporation reported a 17% year-over-year increase in operating income to $475 million in Q2 2026, driving a 20% rise in EPS. The company expects 6-8% annual EPS growth through 2029, supported by data-center demand and rate-case settlements. PPL plans $5.1 billion in investments for 2026, aiming for 10.3% average annual rate-base growth. Its debt-to-capital ratio is 57.46%, below the industry average. Shares fell 3.1% in the past month.

Pennsylvania will expedite permitting for data centers that commit to new power supplies, including clean energy, under an executive order by Gov. Shapiro. Projects must meet power, environmental, and cost-responsibility requirements. Jefferies analysts note this could impact power producers like Talen Energy, Vistra, and PSEG Power. Utilities PPL and FirstEnergy have significant data center load agreements, potentially affected by the order.

PPL Corporation held its Q2 2026 earnings call. It reported ongoing EPS of $0.33, GAAP EPS of $0.30, and raised full-year ongoing EPS guidance to $1.90 to $1.98 per share. Management outlined about $5B capital investment in 2026, Pennsylvania and Kentucky rate and load updates, and progress on the Invitium Energy generation joint venture.

PPL Corp. held its Q2 2026 earnings call, citing data center investment opportunities while keeping its 2026 outlook unchanged. Ongoing earnings were 33 cents/share vs. 35 cents consensus, and revenue was $2.11B vs. $2.18B. PPL reaffirmed 2026 ongoing earnings of $1.90 to $1.98/share and 6% to 8% annual growth through at least 2029, supported by Pennsylvania and Rhode Island rate outcomes and a data center pipeline.