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Investor Presentaiton

Projected Rate Base (Year-End) (Year-end rate base, $ in billions) 2022A 2023 2024 2025 2026 Pennsylvania Electric Distribution $4.1 $4.2 $4.3 $4.3 $4.4 Electric Transmission 5.2 5.5 5.7 6.1 6.6 Pennsylvania Total $9.3 $9.7 $10.0 $10.4 $11.0 Kentucky (1) Electric Distribution $2.7 $3.0 $3.2 $3.3 $3.6 Electric Transmission 1.5 1.6 1.7 1.8 1.9 Gas Operations 1.2 1.2 1.2 1.3 1.4 Coal-Fired Generation 4.8 4.6 4.3 4.1 3.9 Other Generation 1.5 1.5 1.7 2.4 3.0 Kentucky Total $11.7 $11.9 $12.1 $12.9 $13.8 (2) Rhode Island Electric Distribution Electric Transmission Gas Operations Rhode Island Total Total Rate Base $1.1 $1.2 $1.4 $1.6 $1.8 0.9 1.0 1.1 1.3 1.5 1.2 1.4 1.6 1.8 2.0 $3.2 $3.6 $4.1 $4.7 $5.3 $24.2 $25.2 $26.2 $28.0 $30.1 (1) (2) Reflects impact of projected capital expenditures related to replacement generation in Kentucky based upon LG&E's and KU's CPCN filing subject to KPSC approval. Rhode Island rate base excludes acquisition-related adjustments for non-earning assets. ppl 27
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