Investor Presentaiton

Increasing Rate Base CAGR to >5.5% through 2026 ppl Projected annual rate base growth (2022 - 2026) (Year-end rate base, $ in billions) Updated Plan CAGR (2022-2026): 5.6% Prior Plan CAGR (2022-2026): 3.5% Rate Base Growth Improving from 4% To >7% in Back Half of Plan 7.2% CAGR 4.1% CAGR $28.0 $26.2 +$1.2 $25.2 +$0.3 $24.2 +$0.2 +$0.1 $24.1 2022 $25.0 $25.9 $30.1 +$2.4 $27.7 $26.8 2023 2024 Rate Base (Prior Plan) 2025 2026 Rate Base Additions (1) (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. 7

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