Every 8-K that PPLCU (PPLCU) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PPLCU and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PPLCU filings page.
PPL Electric Utilities, a subsidiary of PPL Corporation, received approval to increase its annual base distribution revenue by approximately $275 million, effective July 1, 2026. The Pennsylvania Public Utility Commission approved a settlement that supports grid reliability investments and expanded customer assistance programs.
The decision will raise residential customer bills by 3.23%, including an estimated $6.48 per month increase for a typical 1,000 kWh residential bill. Commercial customers at 1,000 kWh / 3 kW will see a $4.08 monthly increase, and industrial customers at 150,000 kWh / 500 kW will see a $332.54 monthly increase.
The settlement creates a new large-load customer rate class with binding commitments of at least 10 years, helping ensure these users cover related infrastructure costs. Beginning in 2027, $11 million annually in low-income program assistance will be assigned to these large-load customers through a non-bypassable charge. PPL Electric will not increase base distribution rates for at least two years after implementation, marking its first base rate increase since 2016.
PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, issued $500,000,000 of First Mortgage Bonds, 5.75% Series due May 15, 2056. The bonds were sold under an underwriting agreement with a syndicate led by MUFG Securities Americas, PNC Capital Markets, U.S. Bancorp Investments, and Wells Fargo Securities.
The bonds were issued under PPL Electric's 2001 Indenture, as supplemented, and are secured by a lien on substantially all of its distribution properties and certain transmission properties, subject to stated exceptions. PPL Electric plans to use the net proceeds to repay short-term debt and for general corporate purposes.
PPL Corporation reported results of its 2026 Annual Meeting of Shareowners held on May 13, 2026. Shareowners elected all nine director nominees, each receiving over 585 million votes in favor, with broker non-votes just over 69 million for each nominee.
Shareowners also approved, on an advisory basis, the 2025 compensation of the company’s named executive officers, with about 580,083,934 votes for and 18,747,637 against. They approved the PPL Corporation Second Amended and Restated 2012 Stock Incentive Plan, with 582,471,858 votes for, and ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 662,634,703 votes for.
PPL Corporation reported that the Federal Energy Regulatory Commission issued Opinion No. 594 revising how returns on equity are set for New England transmission owners. The decision sets a 9.57% base ROE with incentives capped at 12.09%, retroactive to October 16, 2014, and orders refunds with interest for certain affected periods.
The ruling impacts Rhode Island Energy, PPL’s wholly owned utility subsidiary, and PPL is evaluating options, including a possible appeal coordinated with other New England transmission owners. PPL does not expect a material impact on its operations or financial condition and reaffirmed its 2026 earnings forecast of $1.90 to $1.98 per share and a 6% to 8% annual earnings per share growth target through at least 2029, with growth expected near the top of that range.
PPL Electric Utilities, a subsidiary of PPL Corporation, has filed a joint settlement petition with Pennsylvania regulators for its first electric distribution base rate increase since 2016. If approved, the settlement would raise annual base distribution revenues by about $275 million, below the original request of about $356 million.
The proposal is based on a future test year ending June 30, 2027, with new rates targeted to start July 1, 2026, and generally limits further base rate changes for two years after that date. It resets the Distribution System Improvement Charge to 0% and caps it at 5.0% of annual distribution revenues, and raises storm cost recovery in base rates for reportable storms to $32 million annually from $20 million via the Storm Damage Expense Rider.
The settlement backs capitalization of about $54 million of information technology upgrades and creates a new large-load LP-6 tariff for customers such as data centers, including long-term contract requirements, load guarantees and exit fees. This new class would contribute $11 million to residential low-income programs. Additional measures enhance customer assistance and low-income usage reduction programs. The agreement remains subject to Pennsylvania Public Utility Commission review, and it may be approved, denied or modified.