Investor Presentaiton
Reconciliation of Segment Reported Earnings to
Earnings From Ongoing Operations - Current Year
After-Tax (Unaudited)
($ in millions)
Reported Earnings
(1)
Less: Special Items (expense) benefit:
4th Quarter
December 31, 2022
ppl
Year-to-Date
December 31, 2022
(5)
KY Reg.
PA Reg.
RI Reg.
Corp. & Other Disc. Ops.
Total
KY Reg.
$
73
$
115
$
11
$
(51) $
42 $
190
$
507
PA Reg.
$
525
RI Reg.
$
(44) $
Corp. & Other Disc. Ops.
(274) $
(5)
Total
42
$
756
Income (Loss) from Discontinued Operations
Talen litigation costs, net of tax of $1, $0
(2)
Strategic corporate initiatives, net of tax of $3, $4
Acquisition integration, net of tax of $4, $11, $28, $39
PA tax rate change
(3)
Sale of Safari Holdings, net of tax of ($3), $16 (4)
Total Special Items
Earnings from Ongoing Operations
After-Tax (Unaudited)
42
42
42
42
(4)
(4)
1
1
(8)
(15)
(23)
(17)
(44)
(61)
(109)
(148)
(257)
1
1
9
(4)
5
3
3
(53)
(53)
(17)
(44)
42
(19)
(8)
9
(109)
(219)
42
(285)
$
73
$
115
$
28 $
(7) $
209
$
515
$
516
$
65
$
(55) $
$
1,041
4th Quarter
Year-to-Date
(per share - diluted)
Reported Earnings
(1)
Less: Special Items (expense) benefit:
Income (Loss) from Discontinued Operations
Talen litigation costs
Strategic corporate initiatives
(2)
KY Reg.
PA Reg.
$
0.10
$
0.16
$
December 31, 2022
RI Reg. Corp. & Other Disc. Ops. (5)
0.01
$ (0.07) $
Total
0.06 $
0.26
$
KY Reg.
0.69
$
PA Reg.
0.71
$
December 31, 2022
RI Reg. Corp. & Other Disc. Ops.
(0.06) $
(0.38) $
(5)
Total
0.06 $
1.02
(3)
Acquisition integration
PA tax rate change
Sale of Safari Holdings
(4)
Total Special Items
Earnings from Ongoing Operations
0.06
0.06
(0.01)
(0.01)
(0.01)
(0.02)
(0.06)
(0.08)
(0.02)
(0.03)
(0.14)
(0.20)
(0.34)
0.01
(0.01)
$
0.10
$
0.16
$
(0.02)
0.03 $
0.01
(0.06)
(0.01) $
0.01
(0.08)
(0.08)
0.06
(0.02)
$
0.28 $
(0.01)
0.70 $
0.01
(0.14)
(0.31)
0.06
(0.39)
0.70 $
0.08
$
(0.07) $
$
1.41
0.06
0.06
(1)
(2)
(3)
(4)
Reported Earnings represents Net Income.
Represents costs primarily related to the acquisition of Rhode Island Energy and PPL's corporate centralization efforts.
Represents costs related to the integration and related expenses of Rhode Island Energy and certain costs associated with its acquisition and commitments made during the acquisition process, including costs related to arrearages forgiveness for low-
income and protected residential customers and a write-down of regulatory assets as of the Acquisition date for National Grid's Gas Business Enablement (GBE) program and a bill credit to all electric and natural gas distribution customers.
Primarily includes the loss on the sale of Safari Holdings LLC.
(5)
Tax benefit due to the provision to final 2021 tax return adjustments, primarily related to the discontinued U.K. utility business.
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