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PPL 8-K Report, Corporate Update (Mar 24, 2026)

Reports
Other Events
Filing Date
Filed March 24, 2026
Period End
March 19, 2026
Securities
PPLPPLC
In the record · 2016–202610-K1110-Q328-K239

PPL filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 239 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · May ’18May ’18
  2. Deal closed8-K · Jun ’21Jun ’21
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed March 24, 2026. Cited figures are marked; the original filing is the authoritative source.

PPL Corporation filed a Form 8-K dated March 19, 2026 (signed March 24, 2026) disclosing that the Federal Energy Regulatory Commission issued Opinion No. 594 on March 19, 2026, addressing longstanding complaints regarding the return on equity for New England transmission owners under the ISO New England tariff.

The order, captioned Coakley v. Bangor Hydro-Elec. Co., adopts a new methodology for determining ROE and sets the base ROE for NETOs at 9.57%a, with a maximum including incentives not to exceed 12.09%, retroactive to October 16, 2014.

FERC also ordered refunds with interest for certain periods affected by the decision. The order affects Rhode Island Energy, a wholly-owned PPL subsidiary. PPL and RIE are evaluating next steps, including coordinating with the other NETOs, which may include an appeal.

PPL states it does not expect the order's potentially relevant components to have a material impact on its operations or financial condition. In the same filing, PPL reaffirmed its projected 2026 earnings per share forecast range of $1.90 to $1.98b per share and its annual EPS growth target of 6% to 8%, with compound annual growth expected to be near the top end of that range through at least 2029.

02—Key points

Key Highlights

  1. FERC issued Opinion No. 594 on March 19, 2026, setting the base ROE for New England transmission owners at 9.57%, with a maximum including incentives of up to 12.09%.
  2. The new ROE methodology applies retroactively to October 16, 2014, and FERC ordered refunds with interest for certain periods.
  3. Rhode Island Energy, a wholly-owned PPL subsidiary, is directly affected by the order.
  4. PPL and RIE are evaluating next steps, which may include an appeal coordinated with other New England transmission owners.
  5. PPL does not expect the order's potentially relevant components to have a material impact on its operations or financial condition.
  6. PPL reaffirmed its 2026 EPS forecast range of $1.90 to $1.98 per share.
  7. PPL reaffirmed an annual EPS growth target of 6% to 8%, with compound annual growth expected near the top of that range through at least 2029.

03—Questions

Frequently Asked Questions

  1. What did FERC decide in Opinion No. 594?

    FERC adopted a new methodology for determining return on equity for New England transmission owners under the ISO New England tariff, setting the base ROE at 9.57% with a maximum including incentives not to exceed 12.09%, retroactive to October 16, 2014.

  2. Which PPL business is affected by the FERC order?

    The order affects Rhode Island Energy, a wholly-owned subsidiary of PPL Corporation.

  3. Does PPL expect a material financial impact from the order?

    No. PPL states it does not expect the order's potentially relevant components to have a material impact on its operations or financial condition.

  4. Did PPL change its earnings guidance?

    No. The company reaffirmed its projected 2026 earnings per share forecast range of $1.90 to $1.98 per share and its annual EPS growth target of 6% to 8%.

  5. Could the order still change, and what happens next?

    PPL and Rhode Island Energy are evaluating next steps, including coordinating with the other New England transmission owners, which may include an appeal of the order. The order also includes refunds with interest for certain periods.

04—Continue

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