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Investor Presentaiton

Meaningful Capital Additions Across Our Utilities Projected capital expenditures (2022 - 2026) (Year-end rate base, $ in billions) ppl $3.4 $3.4 ✰ $1.7 billion in Kentucky (1) • $0.7 $2.7 $0.9 $2.4 $2.4 $0.8 $0.5 $0.6 $1.7 +$1.6 billion of $2.1 billion total replacement generation spend within plan period ✰ $0.5 billion in Pennsylvania $1.5 • +$0.7 billion FERC transmission $0.9 $0.9 $0.9 • -$0.2 billion distribution $1.0 $0.9 $1.0 $1.0 $1.0 ✰ $0.4 billion in Rhode Island • +$0.3 billion FERC transmission 2025 2026 . Details on 2024 - 2026 investment plan 2022 2023 2024 ■Pennsylvania ■Kentucky (1) Rhode Island (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. 15
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