PPL Electric Utilities reaches settlement in first distribution rate increase since 2016

Core Viewpoint - PPL Electric Utilities has submitted a joint petition for a base distribution rate increase, marking its first adjustment since 2016, aimed at enhancing system reliability and supporting vulnerable customers [1] Group 1: Rate Increase Details - The proposed settlement seeks an increase in annual base distribution revenues by $275 million to improve reliability, customer service, and support future growth [1] - If approved, the new distribution base rates would take effect on July 1, 2026, and will not increase for two years thereafter [1] Group 2: Customer Impact - Industrial customers using 150,000 kWh and 500 kW per month could see a total bill increase of approximately $382.63 [1] - Commercial customers using 1,000 kWh and 3 kW per month may experience a bill increase of $4.64 per month [1] - Residential customers using 1,000 kilowatt-hours per month could see their total bill rise by about $7.42 [1] Group 3: Investment and Support Initiatives - The settlement includes provisions for creating a new large load customer rate class, which will provide $11 million in support for residential low-income programs [1] - Enhancements for vulnerable customers include increased hardship fund bill credits, improved access to assistance programs, and the elimination of reconnection fees [1] - Investments will focus on replacing aging infrastructure, enhancing tree trimming, and expanding smart grid technologies to improve service reliability [1]