PPL director Phoebe A. Wood acquires 1,335.47 stock units

Pembina Pipeline Corporation's Pacific Link oil pipeline was designated a Project of National Interest by Canada, expediting the review process. The company aims to have a conditions document by September 1, 2027, allowing construction to commence. This milestone is an early regulatory step for the proposed pipeline.

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 Electric Utilities received up to $71.5M from the U.S. Department of Energy for the Montour Grid Resilience Project. The project will modernize 29.3 miles of transmission infrastructure, enhancing reliability and capacity. According to PPL, the funding will support advanced technologies and minimize customer costs. The project has bipartisan support from Pennsylvania officials.

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.