1st Quarter Investor Update

A Robust Capital Plan Significant investment opportunities across all utilities ($ in billions) ppl 2023-2026 Plan: $11.9 billion $3.4 $3.4 $0.8 $0.9 $2.7 $2.4 $0.8 $0.6 $1.5 $1.7 $1.0 $1.0 $0.9 2023 $1.0 $1.1 $1.0 2024 2025 2026 ■PA Regulated ■■KY Regulated (¹) ■RI Regulated Note: Totals may not sum due to rounding. (1) Includes projected capital expenditures related to replacement generation in Kentucky based upon LG&E's and KU's CPCN filing subject to KPSC approval. 16

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