PPL Electric Utilities, a subsidiary of PPL Corporation, announced it has received approval from the Pennsylvania Public Utility Commission (PUC) for a settlement agreement to increase its annual distribution rates. The increase is intended to fund critical investments in grid reliability, system resilience, and expanded customer support programs.
Key Details
- Revenue Increase: The approved settlement allows for an increase of approximately $275 million in annual base distribution revenue.
- Effective Date: The new rates will become effective on July 1, 2026.
- Customer Impact: The new rates will result in an estimated 3.23% increase for residential customers, equating to a $6.48 monthly increase for a typical customer using 1,000 kWh.
- Additional Terms: The agreement establishes a new rate class for large-load customers to ensure they cover infrastructure costs and includes a commitment that PPL Electric will not file for another base rate increase for at least two years.