PPL's Generation Investment Plan for Kentucky Subsidiaries Gets Partial Regulatory Approval

November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--On Monday, PPL Corporation (NYSE:PPL) (Allentown, Pennsylvania) announced its subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) received approval to retire 600 megawatts (MW) of aging coal generation and more than 50 MW of aging peaking units by 2027 and replace the generation with a cleaner energy mix such as natural gas, solar and battery storage. Although the originally proposed $2.1 billion investment plan, including $1.6 billion through 2026, was not fully approved, the expected investment is "materially consistent" with the original plan.

Other companies featured: National Grid plc (NYSE:NGG) (London, England).