1st Quarter Investor Update
Rate Base CAGR of Over 5.5% Through 2026
Projected Annual Rate Base Growth (2022 - 2026)
(Year-end rate base, $ in billions)
ppl
Plan CAGR (2022-2026): 5.6%
Rate Base Growth Improving from 4% To >7% in Back Half of Plan
7.2% CAGR
4.1% CAGR
$30.1
$28.0
$26.2
$25.2
$5.3
$24.2
$4.7
$3.6
$4.1
$3.2
$13.8
$12.9
$11.7
$11.9
$12.1
$9.3
$9.7
$10.0
2022A
2023
PA Regulated
2024
KY Regulated
(1)
Note: Totals may not sum due to rounding.
(1) 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.
(2) Rhode Island rate base excludes acquisition-related adjustments for non-earning assets.
$10.4
$11.0
2025
RI Regulated
(2)
2026
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