PPL Corp (PPL) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that PPL Corp surfaced in its latest filing.

• FERC Order 1000, issued in July 2011, establishes requirements for participation, cost allocation and non-incumbent developer aspects of regional and inter-regional transmission planning.July 2011
• TSA cybersecurity security directives issued in 2021; TSA has determined LG&E is critical, while RIE has not been notified and is not currently subject to the security directives.2021
• EPA's May 2024 rule governing emissions from certain fossil fuel-fired electric generating units could increase the cost of electricity.May 2024
• LG&E is subject to mandatory reliability standards of the U.S. Department of Transportation and TSA cybersecurity security directives.
• PPL Electric is subject to Act 129 energy efficiency and conservation requirements, including specified reductions in customer electricity usage and peak demand.
• Environmental laws apply to LG&E's and KU's air emissions, water discharges (ELGs), and management of hazardous and solid wastes (CCRs).
• PPL Electric transmission business is subject to competition under FERC Order 1000 from non-incumbent PJM transmission owners for construction and ownership of transmission facilities within PJM.
• PPL is subject to costs of remediation of environmental contamination at facilities currently owned or formerly owned or operated by former subsidiaries, including sites associated with production of manufactured gas.