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PPL Corporation and PPL Electric Utilities Joint Statement Regarding Governor Shapiro's Budget Address
Prnewswire· 2026-02-04 00:55
Core Viewpoint - PPL Corporation and PPL Electric Utilities reaffirm their commitment to transparency, affordability, and collaboration in response to rising energy costs and the recent Budget Address by Governor Shapiro [1][2]. Ratemaking Transparency - PPL Electric supports enhanced transparency in the regulatory process, including full rate reviews and regular audits, to build public confidence in utility regulation [3]. Reforming Retail Markets - The company advocates for measures to protect customers from deceptive retail energy practices, highlighting that retail shopping abuses cost residential customers over $60 million in 2025 [4]. Eliminating Unnecessary Fees - PPL Electric aims to revise or eliminate "junk" fees that do not add value, which could lower customer bills, and is committed to supporting vulnerable customers [5]. Customer Protections - The company continues to uphold customer protections even without current laws and supports the reinstatement of Chapter 14, which expired in December 2024 [6]. Cost Management and Reliability - Over the past decade, PPL Electric has managed operating and maintenance expenses nearly 25% below inflation while investing in grid reliability, avoiding distribution base rate increases since 2015 [7]. Economic Development - PPL Electric's infrastructure investments support economic development projects, such as the Eli Lilly project, contributing to job creation and stability in Pennsylvania [8]. Energy Supply Prices - Rising energy supply costs are a significant concern, with supply prices for PPL Electric customers increasing by over 200% in the last five years, accounting for 47% of a typical residential bill [9][10]. Generation Capacity - The company supports building new generation capacity as a key strategy to lower energy bills and has engaged in a joint venture to support data center load growth [11]. Stakeholder Collaboration - PPL Electric is dedicated to collaborating with policymakers and stakeholders to develop effective solutions for energy cost challenges while ensuring safety and reliability [12]. Company Overview - PPL Corporation is a leading U.S. energy company serving over 3.6 million customers, focusing on building resilient power grids and advancing sustainable energy solutions [13]. PPL Electric Utilities Overview - PPL Electric Utilities provides reliable electricity to about 1.5 million customers in Pennsylvania and is recognized for its reliability and customer satisfaction [14].