1st Quarter Investor Update

Significantly Improving PPL's Carbon Footprint Plan is consistent with PPL's long-term emission reduction targets with near-term tangible progress Plan Aligns with Pathway to Net Zero Emissions by 2050 (1) (Metric tons, in millions) ppl Reduces Carbon Intensity by More Than 25% (21 (Metric tons per MWh) Carbon Intensity +26% 62.6 +57% 26.7 CO2 Emissions 67% (2) 0.84 0.62 2021 2030 Meaningful Transition to Lower Carbon Generation +70% 20.6 +80% (% of MWh) 18.8 Net Zero 12.5 (3) 2010A 2021A 2030 2035 2040 2050 1% 19% 9% 2021 2030 42% 80% 49% Coal Gas Renewables (1) (2) Net zero goal covers more than 95% of greenhouse gas emissions from Scopes 1 and 2 and Scope 3 purchased power for Kentucky. Projected absolute emissions reduction and carbon intensity reflect resource mix as submitted in CPCN filing. (3) PPL is economically transitioning coal generation and has committed to not burn coal by 2050 unless it can be mitigated with carbon dioxide removal technologies. 18

View entire presentation