PPL's employee giving campaign raises nearly $9 million to improve lives and strengthen communities
Rhea-AI Summary
PPL announced its annual employee-led charitable giving campaign raised nearly $9 million in contributions from employees, retirees, and matching funds from PPL's affiliated foundations. The record-setting campaign will support approximately 500 local nonprofit organizations across Pennsylvania, Rhode Island, Kentucky, and Virginia through partnerships with United Way.
The fundraising effort includes a special allocation of $50,000 to the American Red Cross Hurricane Relief Fund, which will be matched by the PPL Foundation for a total contribution of $100,000. The campaign involved participation from employees and retirees across PPL and its subsidiaries, including PPL Electric Utilities, Rhode Island Energy, Louisville Gas and Electric Company, and Kentucky Utilities Company. Additionally, more than 700 employees volunteered during PPL's companywide Day of Caring events in September 2024.
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On the day this news was published, PPL gained 0.56%, reflecting a mild positive market reaction.
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The amount raised, which set a record for PPL's employee campaigns, was generated through the company's United Way campaign in Pennsylvania and Rhode Island and the Power of One campaign in Kentucky. The campaign supports organizations in areas where employees live and work and communities served by PPL and its subsidiaries. The funds will support ongoing efforts to address the increasing needs of thousands of people who rely on United Way agencies and nonprofit organizations for vital services every day. As part of the campaign, PPL employees from across the company designated
"This campaign is a testament to the compassion of PPL employees and retirees and our collective commitment to making a positive and lasting impact on people's lives throughout the communities we serve," said PPL President and Chief Executive Officer Vincent Sorgi. "We're a company of tremendous people who care deeply for others, who give back, and who are dedicated to making the world a better place."
Employees and retirees from PPL Corporation and its subsidiaries, PPL Electric Utilities, Rhode Island Energy, Louisville Gas and Electric Company and Kentucky Utilities Company, contributed to the campaign. More than 700 employees also volunteered their time in September 2024 during PPL's companywide Day of Caring events, which directly benefited organizations in their local communities.
About PPL
PPL Corporation, headquartered in
About the PPL Foundation
Through strategic partnerships, the PPL Foundation supports nonprofit organizations throughout
About the LG&E and KU Foundation
Since its inception in 1994, the LG&E and KU Foundation has represented LG&E and KU Energy LLC and its utility operations – Louisville Gas and Electric (LG&E), Kentucky Utilities (KU) and Old Dominion Power (ODP) – as the philanthropic arm for charitable giving. Committed to social responsibility, the foundation proactively supports many philanthropic initiatives to improve the quality of life in communities where the company provides service. Through foundation giving, LG&E and KU Energy LLC and its subsidiaries are able to play a definitive role in strengthening the communities where they have a presence. More information is available at www.lge-ku.com.
Contact: Gretchen Toner, 484-954-5766
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SOURCE PPL Services Corporation