1st Quarter Investor Update
Reconciliation of Segment Reported Earnings to Earnings
From Ongoing Operations.
After-Tax (Unaudited)
($ in millions)
Reported Earnings (1)
Less: Special Items (expense) benefit:
Talen litigation costs, net of tax of $0, $1
Strategic corporate initiatives, net of tax of $0, $0, $1, $1 (2)
Acquisition integration, net of tax of $5, $12, $6 (3)
PA tax rate change
Sale of Safari Holdings, net of tax of $0 (4)
Solar panel impairment, net of tax of $0
Total Special Items
Earnings from Ongoing Operations
After-Tax (Unaudited)
EA
(1)
Three Months Ended March 31, 2023
ppl
Three Months Ended March 31, 2022
KY
KY
PA
RI
Corp. &
PA
Total
Reg.
Reg.
Reg.
Other
Reg.
Reg.
Corp. &
Other
Total
$
166 $ 138
$
54 $
(73) $ 285
$ 189 $ 143
$
(59) $ 273
(1)
(1)
(4)
(4)
(1)
(2)
(4)
(4)
(8)
(17)
(44)
(61)
(21)
(21)
1
(4)
(4)
1
1
(1)
1
(17)
(50)
(67)
(4)
(28)
(32)
$
167
$
137 $
71 $ (23) $ 352 $ 193 $ 143 $ (31) $
305
Three Months Ended March 31, 2023
Three Months Ended March 31, 2022
(per share - diluted)
KY
Reg.
PA
Reg.
RI
Reg.
Corp. &
Other
KY
PA
Corp. &
Total
Total
Reg.
Reg.
Other
Reported Earnings (1)
$
0.22 $
0.19
$
0.08
$
(0.10) $
0.39
$ 0.25 $
0.19
$
(0.07) $ 0.37
Less: Special Items (expense) benefit:
Strategic corporate initiatives (2
(2)
(0.01)
(0.01)
Acquisition integration (3)
(0.02)
(0.06)
(0.08)
(0.03)
(0.03)
Sale of Safari Holdings (4)
(0.01)
(0.01)
Total Special Items
Earnings from Ongoing Operations
(0.02)
(0.07)
(0.09)
(0.01)
(0.03)
(0.04)
$
0.22 $
0.19 $
0.10 $
(0.03) $
0.48
$
0.26 $
0.19 $
(0.04) $
0.41
(1)
Reported Earnings represents Net Income.
(2)
Represents costs primarily related to PPL's corporate centralization efforts.
(3)
(4)
Primarily integration and related costs associated with the acquisition of Rhode Island Energy.
Final closing adjustments related to the sale of Safari Holdings.
31View entire presentation