1st Quarter Investor Update

ppl Advancing 2023 Outlook and Priorities Solid 1st Quarter Keeps Us on Track to Execute on PPL's Goals Deliver the midpoint of our 2023 earnings forecast range of $1.58 per share (4) Complete $2.4 billion capex plan to provide safe, reliable and affordable energy to our customers Remain on track with integration of Rhode Island Energy Advance the clean energy transition with the CPCN filing in Kentucky and the various regulatory filings in Rhode Island ➤ Achieve $50 - $60 million in O&M savings through our utility of the future playbook, centralization efforts, and asset optimization (1) Midpoint of PPL's 2023 ongoing earnings forecast range of $1.50 - $1.65 per share. LG LGE PPL company 12 2

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