Investor Presentaiton
$
Reconciliation of Segment Reported Earnings to
Earnings From Ongoing Operations - Prior Year
After-Tax (Unaudited)
($ in millions)
Reported Earnings
(1)
Less: Special Items (expense) benefit:
Income (Loss) from Discontinued Operations
Talen litigation costs, net of tax of $1, $4
Strategic corporate initiatives, net of tax of $0, $1, $0, $2
Valuation allowance adjustment
(1)
Transmission formula rate return on equity reduction, net of tax of $0, $8
Acquisition integration, net of tax of $2, $6
U.K. tax rate change
KY Reg.
468 $
ppl
4th Quarter
December 31, 2021
Year-to-Date
December 31, 2021
KY Reg.
PA Reg.
79
$
110
Corp. & Other Disc. Ops.'
$
(2)
Total
PA Reg. Corp. & Other Disc. Ops.
(2)
Total
(47) $
(8) $
134
$
445 $
(895) $
(1,498) $
(1,480)
(8)
(8)
(1,502)
(1,502)
(6)
(6)
(5)
(6
(1)
4
(20)
(11)
(11)
(383)
ུ་་8་
(16)
(9)
4
4
(20)
(22)
(383)
Solar panel impairment, net of tax of $0, $9
2
2
(26)
(26)
Loss on early extinguishment of debt, net of tax of $0, $83
(312)
(312)
Total Special Items
(1)
(20)
(8)
(29)
3
Earnings from Ongoing Operations
$
80
$
110
$
(27) $
$
163
$
465
$
(20)
465
(771)
(1,498)
(2,286)
$
(124) $
$
806
After-Tax (Unaudited)
4th Quarter
December 31, 2021
Year-to-Date
(per share diluted)
Reported Earnings (1)
Less: Special Items (expense) benefit:
Income (Loss) from Discontinued Operations
Talen litigation costs
Strategic corporate initiatives
Valuation allowance adjustment
Transmission formula rate return on equity reduction
Acquisition integration
U.K. tax rate change
Solar panel impairment
Loss on early extinguishment of debt
Total Special Items
December 31, 2021
KY Reg.
$
(2)
(2)
PA Reg.
0.11 $
0.15
(0.07) $
Corp. & Other Disc. Ops.
$
Total
(0.01) $
0.18
$
KY Reg.
0.62
$
PA Reg.
0.58
Corp. & Other Disc. Ops.
$
Total
(1.17) $ (1.96) $
(1.93)
(0.01)
(0.01)
(1.97)
(1.97)
(0.01)
(0.01)
(0.02)
(0.02)
(0.01)
(0.01)
(0.01)
(0.01)
0.01
(0.01)
0.01
0.01
(0.03)
(0.03)
(0.01)
(0.01)
(0.03)
(0.03)
(0.50)
(0.50)
(0.03)
(0.03)
(0.40)
(0.40)
(0.03)
(0.01)
(0.04)
0.01
(0.03)
(1.00)
(1.96)
(2.98)
$
0.11 $
0.15
$
(0.04) $
$
0.22
$
0.61
$
0.61
$
(0.17) $
$
1.05
Earnings from Ongoing Operations
(1)
Reported Earnings represents Net Income.
(2)
PPL sold its U.K. utility business on June 14, 2021, and its earnings were treated as a special item.
33View entire presentation