1st Quarter Investor Update
Projected Rate Base (Year-End)
(Year-end rate base, $ in billions)
2022A
2023
2024
2025
2026
Pennsylvania
Electric Distribution
Electric Transmission
$4.1
$4.2
$4.3
$4.3
$4.4
5.2
5.5
5.7
6.1
6.6
Pennsylvania Total
$9.3
$9.7
$10.0
$10.4
$11.0
(1)
Kentucky
Electric Distribution
$2.7
$3.0
$3.2
$3.3
$3.6
Electric Transmission
1.5
1.6
1.7
1.8
1.9
Gas Operations
1.2
1.2
1.2
1.3
1.4
Coal-Fired Generation
4.8
4.6
4.3
4.1
3.9
Other Generation
1.5
1.5
1.7
2.4
3.0
Kentucky Total
$11.7
$11.9
$12.1
$12.9
$13.8
(2)
Rhode Island
Electric Distribution
Electric Transmission
Gas Operations
Rhode Island Total
Total Rate Base
$1.1
$1.2
$1.4
$1.6
$1.8
0.9
1.0
1.1
1.3
1.5
1.2
1.4
1.6
1.8
2.0
$3.2
$3.6
$4.1
$4.7
$5.3
$24.2
$25.2
$26.2
$28.0
$30.1
(1)
(2)
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.
Rhode Island rate base excludes acquisition-related adjustments for non-earning assets.
ppl
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