NYSE:PPLElectric Utilities
The Bull Case For PPL (PPL) Could Change Following Storm Outages And Contested Grid Rate Hike
Recent high winds across Pennsylvania caused widespread storm-related damage and power outages for tens of thousands of PPL customers, with crews working to restore service and rebuild key transmission lines to improve reliability.
At the same time, PPL’s request for a US$356.00 million annual base-rate increase to fund grid resilience upgrades has drawn strong public and political pushback, highlighting tension between reliability investment needs and customer affordability concerns.
We’ll...