PPL

• The approved rate changes authorize annual revenue increases of $44.1 million for electric and $93.7 million for gas, with a return on equity of 9.275% and a debt-to-equity ratio of 48% debt to 52% equity.
• The RIPUC denied RIE's proposed second rate year but noted it could be considered later, and directed RIE to file a new tariff for extra-large electric loads by December 31, 2026.
• The RIPUC denied RIE's hold harmless proposal as submitted but authorized an alternative that increases customer bill credits by approximately $11 million, totaling approximately $170 million, to be issued from October 2026 through September 2027.
• RIE made the required compliance filing on August 27, 2026, and the rate changes will be effective September 1, 2026; PPL reaffirmed its 2026 ongoing earnings per share forecast and long-term earnings growth targets.

8.01 Other Events

• The order approved certain rehearing elements, including incorporating regulatory assets/liabilities in rate base, updated cost estimates in the Pilot Generation Recovery Clause cap, and pre-2026 costs in LG&E's Mill Creek Unit 2 stay-open regulatory asset.
• The order denied other rehearing requests, including reinstatement of certain aspects of the October 2025 stipulation and recommendation.
• The Companies estimate the order increases annual revenues by approximately $4 million for LG&E electricity and gas and $3 million for KU electricity, above the February 2026 order amounts.
• Revised rates are effective for services on and after August 14, 2026; PPL Corporation reaffirmed its long-term earnings per share growth targets.

8.01 Other Events

• Ongoing earnings per share for Q2 2026 were $0.33, up from $0.32 in Q2 2025.
• PPL reaffirmed its 2026 ongoing earnings forecast of $1.90 to $1.98 per share, with a midpoint of $1.94.
• The company reaffirmed its 6% to 8% annual EPS growth target through at least 2029, expecting compound annual growth near the top end.
• PPL estimates potential generation investment upside of $10 billion to $12 billion through 2032 from economic development in Pennsylvania and Kentucky.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Kenneth M. Hartwick was elected as a director of PPL Corporation on June 30, 2026, effective July 1, 2026.
• The Board determined Hartwick satisfies independence requirements under PPL's guidelines and NYSE rules.
• As a non-employee director, Hartwick will receive the same compensation as other non-employee directors per Board-approved policies.
• With Hartwick's appointment, PPL's board will consist of 10 directors.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• The settlement includes a minor modification related to net metering eligibility and was found to be in the public interest.
• Residential customer bills will increase by 3.23%, or $6.48 per month for 1,000 kWh usage; commercial and industrial increases are $4.08 and $332.54 per month, respectively.
• PPL Electric will not increase distribution base rates for at least two years after implementation; this is its first base rate increase since 2016.
• A new large-load customer rate class requires binding long-term commitments (minimum 10 years) for large users like data centers, and $11 million annually in low-income assistance will be assigned to these customers starting in 2027.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• The Notes were issued in a private placement on May 18, 2026, to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S.
• Net proceeds were $396.3 million after discounts and commissions; proceeds will repay short-term debt incurred primarily for capital expenditures and general corporate purposes.
• The Notes are senior unsecured obligations of the issuer, not guaranteed by PPL, and mature on May 15, 2056, with interest payable semiannually starting November 15, 2026.
• The purchase agreement was dated May 13, 2026, with Barclays Capital Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC, and Scotia Capital (USA) Inc. as initial purchasers.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• The company issued $500,000,000 of First Mortgage Bonds, 5.75% Series due 2056, on May 15, 2026.
• The bonds mature on May 15, 2056, and are subject to early redemption.
• Net proceeds will be used to repay short-term debt and for general corporate purposes.
• The bonds are secured by a lien on substantially all of PPL Electric's distribution properties and certain transmission properties.

2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 8.01 Other Events · 9.01 Financial Statements and Exhibits

• Shareowners approved, on an advisory basis, 2025 named executive officer compensation with 580,083,934 votes for and 18,747,637 against.
• The Second Amended and Restated 2012 Stock Incentive Plan was approved and became effective on May 13, 2026.
• Deloitte & Touche LLP was ratified as independent registered public accounting firm for 2026 with 662,634,703 votes for.
• The plan document is filed as Exhibit 10.1 to the Form 8-K.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits