PPL Corp

PPL

Market cap $26.3B

North American natural gas demand is poised for a historic increase driven by growth in liquefied natural gas (LNG) exports and the demand for power, which includes data centers. This backdrop is driving unprecedented opportunities for natural gas-focused midstream companies.

PPL sees AI data centers drive power demand in Pennsylvania and Kentucky, with 10 GW signed and a $23B grid upgrade plan to fuel growth.

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PPL and IDA ramp up grid modernization and transmission expansion as regulated utilities chase rising electricity demand from data centers and electrification.

Project advancing on schedule and expected to begin commercial operation by fall of 2027. WEST PALM BEACH, Fla.

PPL lifts its quarterly dividend by 4.6% to 28.5 cents and targets 4-6% annual growth through 2029, backed by regulated cash flows and a $23B investment plan.

PPL targets $23B investments and rising data-center load growth, but premium valuation, lower ROE and tougher transmission competition cloud timing.

PPL NYSE: PPL reported higher first-quarter earnings and reaffirmed its 2026 and long-term financial targets, while executives highlighted regulatory developments, data center-driven load growth and potential generation investments across the company's service territories.

ALLENTOWN, Pa., May 13, 2026 /PRNewswire/ -- PPL Corporation (NYSE: PPL) declared a quarterly common stock dividend on Wednesday, May 13, 2026 of $0.2850 per share, payable Jul. 1, 2026 to shareowners of record as of Jun. 10, 2026.

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