PPL Corp. Reaches Settlement with Pennsylvania PUC
PPL Corp. disclosed that a letter advising the administrative law judges presiding over its distribution rate case filed with the Pennsylvania Public Utility Commission was posted on the docket. The proposed settlement is subject to approval by the PUC. "The settlement reflects extensive engagement with stakeholders and resolves all issues in the proceeding with broad agreement among the active parties. Two parties expressed limited opposition related specifically to the Company's proposal concerning maximum registered peak load. The Company believes the proposed settlement supports continued investment in a safe, reliable and resilient electric system while maintaining a strong focus on customer affordability and service. Details will be made available after the filing of the Joint Petition for approval of the non-unanimous settlement on March 10. The Joint Petition is subject to approval by the Administrative Law Judges presiding over the case." PPL continues to anticipate a ruling from the PUC by the end of Q2.
