Can Clean-Energy Initiatives Support PPL's Long-Term Growth?
PPL Corporation is expanding its clean-energy portfolio through wind, energy storage, and cleaner generation projects. The company's Rhode Island Energy unit secured 150 MW of renewable energy from a Maine wind project, while its Kentucky utilities are evaluating a 266-MW pumped-storage hydro project and exploring small modular reactors. PPL's $23 billion capital investment plan through 2029 targets 10.3% annual rate-base growth and 6-8% EPS growth.