PPL Electric Utilities Reaches Settlement In First Distribution Rate Increase Since 2016

March 13 (Reuters) - PPL Corp PPL.N:

• PPL ELECTRIC UTILITIES REACHES SETTLEMENT IN FIRST DISTRIBUTION RATE INCREASE SINCE 2016

• PPL CORP - SETTLEMENT PROVIDES FOR $275 MILLION INCREASE IN ANNUAL BASE DISTRIBUTION REVENUES

• PPL CORP - IF APPROVED, SETTLEMENT WOULD RESULT IN CUSTOMER BILL INCREASES BASED ON RATES EFFECTIVE JAN. 1, 2026

• PPL CORP - COMMERCIAL CUSTOMERS USING 1,000 KWH/3 KW COULD SEE BILL INCREASE OF $4.64

• PPL CORP - NEW DISTRIBUTION BASE RATES WOULD GO INTO EFFECT JULY 1, 2026 IF APPROVED

• PPL CORP - INDUSTRIAL CUSTOMERS USING 150,000 KWH/500 KW COULD SEE BILL INCREASE OF $382.63