Financial Data and Key Metrics Changes - The company reported a net loss of $2.39 per share for Q1 2021, reflecting special item net losses of $2.67 per share related to WPD's discontinued operations [7] - Adjusted for special items, earnings from ongoing operations were $0.28 per share, slightly up from $0.27 per share a year ago, driven by improved margins due to favorable weather [8] Business Line Data and Key Metrics Changes - The Pennsylvania Regulated segment results were flat compared to the previous year, with higher distribution adjusted gross margins due to increased sales volumes from favorable weather [33] - The Kentucky Regulated segment results were $0.02 per share higher than Q1 2020, primarily due to higher sales volumes from favorable weather, offset by increased operation and maintenance expenses [34] Market Data and Key Metrics Changes - The company experienced lower peak transmission demand, which impacted results by approximately $0.02 per share for the quarter [56] - A reserve recorded due to a challenge to the transmission formula rate return on equity amounted to about $19 million after tax, affecting the financials [57] Company Strategy and Development Direction - The company is focused on integrating Narragansett Electric into its regulated utilities and is optimistic about supporting Rhode Island's clean energy goals, including a net zero by 2050 target [41][42] - The company aims to maintain a disciplined approach to M&A opportunities while exploring investments in renewables and other strategic areas [49][50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the ongoing pandemic while ensuring reliable service delivery [37] - The company is making good progress on regulatory approvals for strategic transactions, with expectations to close the WPD sale by the end of July [21][22] Other Important Information - The company received the 2021 Energy Star Partner of the Year award, highlighting its commitment to energy management and environmental protection [14] - Leadership changes were made to strengthen the company's position for long-term success, including the promotion of Greg Dudkin to COO [15][19] Q&A Session Summary Question: Insights on Rhode Island's clean energy mandate - Management is optimistic about partnering with Rhode Island to achieve its clean energy goals and believes they are well-positioned to support these ambitions [41][42] Question: Impact of higher valuations on acquisition strategy - Management remains disciplined in evaluating M&A opportunities and is exploring various options for the use of proceeds from recent transactions [46][48] Question: Rate base growth expectations post-acquisition - Management sees potential for increased capital deployment in Rhode Island to meet aggressive targets, while ensuring affordability for customers [53] Question: Details on lower peak transmission demand - Lower peak transmission demand impacted results by about $0.02 per share, with a reserve recorded for ongoing negotiations related to the transmission formula rate [56][57] Question: Willingness to add more coal to the portfolio - Management's willingness to add coal assets depends on specific assets and their transition plans, with a focus on maintaining a strong ESG profile [60]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended March 31, 2021 OR | ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for | | | --- | --- | --- | | the transition period from _________ to ___________ | | | | Commission File | Registrant; State of Incorporation; | IRS Employer | | Number | Address and Telephone Nu ...

PPL Corporation (NYSE:PPL) Q4 2020 Earnings Conference Call February 18, 2021 11:00 AM ET Company Participants Andy Ludwig - VP, IR Vince Sorgi - President and CEO Joe Bergstein - CFO Paul Thompson - Head, Kentucky Utility Business Conference Call Participants Julien Dumoulin-Smith - Bank of America Durgesh Chopra - Evercore ISI Steven Fleishman - Wolfe Research Anthony Crowdell - Mizuho Operator Good day and welcome to the PPL Corporation Fourth Quarter Earnings Conference Call. All participants will be in ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to ___________ | Commission File | Registrant; State of Incorporation; | IRS Employer | | --- | --- | --- | | Number | Address and Telephone Numbe ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------|-------------------|---------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | PPL 4 th | | Quarter | | | | | | | | | Earnings Call | | | | | | | | | | February 18, 2021 | | | | | | | | Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events, including the process to sell PPL's U.K. business, are forw ...

EEI Financial Conference November 9-10, 2020 Cautionary Statements and Factors That May Affect Future Results Statements made in this presentation about future operating results or other future events, including the process to sell PPL's U.K. business, are forwardlooking statements under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from the forward-looking statements. A discussion of some of the factors that could cause actual resul ...

PPL Corporation (NYSE:PPL) Q3 2020 Earnings Conference Call November 5, 2020 9:30 AM ET Company Participants Andy Ludwig – Vice President, Investor Relations Vince Sorgi – President and Chief Executive Officer Joe Bergstein – Senior Vice President and Chief Financial Officer Conference Call Participants Ryan Greenwald – BofA Durgesh Chopra – Evercore ISI Paul Patterson – Glenrock Associates Ryan Levine – Citi Operator Good day, and welcome to the PPL Corporation Third Quarter Earnings Conference Call. [Oper ...