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Investor Presentaiton

Capital Expenditure Plan ($ in millions) ppl 2022 2023 2024 2025 2026 5-Year Total Pennsylvania Electric Distribution $450 $300 $300 $300 $325 Electric Transmission 525 550 675 775 650 Pennsylvania Total $975 $850 $975 $1,075 $975 $1,675 3,175 $4,850 Kentucky (1) Electric Distribution $350 $375 $325 $300 $400 $1,750 Electric Transmission 175 175 125 100 200 775 Gas Operations 75 50 50 100 100 375 Generation (non-coal) 50 50 225 775 800 1,900 Coal-Fired Generation 225 200 125 100 100 750 Other 50 100 100 100 100 450 Kentucky Total $925 $950 $950 $1,475 $1,700 $6,000 Rhode Island Electric Distribution $125 $250 $275 $300 $225 $1,175 Electric Transmission 100 100 225 250 225 900 Gas Operations 225 225 250 325 300 1,325 Rhode Island Total $450 $575 $750 $875 $750 $3,400 Total Utility Capex $2,350 $2,375 $2,675 $3,425 $3,425 $14,250 (1) Includes projected capital expenditures related to replacement generation in Kentucky based upon LG&E's and KU's CPCN filing subject to KPSC approval. 26
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