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PPL Corp. Bets Big on Coal with Net-Zero Ambitions
11 Jun
Summary
- PPL Corp. has 3.6 million customers across four states.
- Kentucky serves over one-third of PPL's total customer base.
- The company aims for net-zero emissions by 2050.
PPL Corporation, headquartered in Allentown, Pennsylvania, is a significant player in the gas and electric utility sector, managing generation, transmission, distribution, and wholesale operations. The company serves approximately 3.6 million customers and possesses around 7,500 MW of generating capacity.
Its regulated utility operations span Pennsylvania, Kentucky, Virginia, and Rhode Island, with Kentucky being its largest market, serving over one-third of its total customers. In 2025, PPL reported revenues of $9.04 billion, with PPL Electric contributing about 35% and KU contributing 23%.
The company's current energy generation relies heavily on coal, which constitutes about 63% of its fuel mix, followed by natural gas at 36%. Despite this reliance on fossil fuels, PPL has committed to achieving net-zero emissions by 2050, aligning with broader industry trends.
