1st Quarter Investor Update
Advancing Our Plan to Invest in Kentucky's Future
CPCN filing for generation investment plan on track
➤ Remain confident our CPCN plan is the best path forward
for our Kentucky customers
•
Plan is more affordable, maintains reliability and represents
significantly cleaner sources of generation than continuing
to operate coal-fired units proposed to be retired
➤ Enactment of SB4 does not change our CPCN strategy
➤ Timing for CPCN decision remains on track
+30%
+1.2GW
•
Scheduled to file application for generation unit retirements
by May 10, 2023, supporting CPCN decision by November
6, 2023, as per KPSC procedural schedule (2)
ppl
Kentucky Generation Investment Plan (1)
~
Retire 1,500MW of aging coal
generation
Planned additions of >1,200MW of
combined-cycle natural gas
(2)
HNO
(1)
(3)
Installation of federally mandated emission controls on
aging coal units to be retired would increase costs to our
customers
•
Investments would be recoverable under the ECR
mechanism(3)
47
+1GW
Planned additions of ~1,000MW of
solar and battery storage
Projected Capital Investment of ~$2.1B (2023-2028)
Subject to KPSC approval. See Case No. 2022-00402 for additional information.
See Case No. 2023-00122 for additional information regarding the application for approval of Fossil Fuel-Fired Generating Unit Retirements.
Environmental Cost Recovery (ECR) provides near real-time recovery for approved environmental projects related to coal generation.
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