Joint venture involving PPL Corporation close to inking first generation deal
PPL Corporation said it is progressing on a joint venture with Blackstone Infrastructure to build power plants in Pennsylvania. PPL’s 51% stake in Invitiium Energy expects one or more commercial agreements by end-2026, with land sites for 8 GW to 14 GW. PPL reported Q2 2026 non-GAAP earnings of $247M, or $0.33/share, and reaffirmed 2026 guidance of $1.90 to $1.98/share.

