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PPL Corporation statement on Trump-Shapiro call for new power auction to spur construction of power plants paid for by data centers

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ALLENTOWN, Pa., Jan. 20, 2026 /PRNewswire/ -- PPL Corporation President and Chief Executive Officer ...

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AI Summary

PPL Corporation is positioned to address urgent generation needs, as highlighted by CEO Vincent Sorgi. The company's joint venture with Blackstone aims to build dispatchable generation, aligning with proposed Pennsylvania legislation to enhance energy reliability and affordability. This strategic focus could drive PPL's growth and stabilize energy costs for consumers.

Sentiment Rationale

Increased regulation supporting new generation can enhance PPL's operational revenue. Historical examples show that regulatory support often leads to price appreciation in utility stocks.

Trading Thesis

PPL is poised for growth as new regulations promote energy generation, suggesting a bullish outlook.

Market-Moving

  • New regulations could increase demand for PPL's energy solutions.
  • Joint venture with Blackstone might enhance PPL's market position.
  • Legislation facilitating regulated generation could improve PPL's revenue streams.
  • Increased focus on data centers may lead to higher energy contracts for PPL.

Key Facts

  • PPL CEO acknowledges urgent need for new dispatchable generation.
  • Joint venture with Blackstone aims to build generation for data centers.
  • Proposed legislation supports construction of regulated generation in Pennsylvania.
  • PPL highlights commitment to affordable and reliable energy solutions.
  • Company engages with stakeholders on energy challenges and data center support.

Companies Mentioned

  • Blackstone Infrastructure (N/A): Partnering with PPL to enhance energy generation capabilities.
  • PJM Interconnection (N/A): Facilitates coordination for power generation improvements in alignment with PPL's initiatives.

Corporate Developments

This news falls under 'Corporate Developments' as it showcases PPL's strategic initiatives to enhance energy generation and reliability, indicating proactive corporate governance and adaptation to market needs.

PPL Corporation Responds to Urgent Call for New Power Generation

PPL Corporation (NYSE: PPL) President and CEO Vincent Sorgi issued a statement on January 16, responding to President Trump and a bipartisan group of governors. They urged PJM Interconnection to conduct a special auction aimed at funding new power generation to support large-scale data centers across the United States. This move acknowledges the critical need for enhanced grid reliability and affordable energy for families and businesses.

Importance of Dispatchable Generation

Sorgi expressed gratitude towards President Trump and Governor Shapiro for recognizing the pressing challenges in today's energy generation landscape. He stated, "We thank President Trump and Governor Shapiro for their role in recognizing the seriousness of today's generation challenges and championing solutions to improve grid reliability." This emphasis reflects PPL’s commitment to being an active participant in addressing these challenges.

PPL Corporation emphasizes the urgent need for new, dispatchable generation, and has positioned itself as a key player in this initiative. The company has established a joint venture with Blackstone Infrastructure to construct, own, and operate new generation facilities designed specifically to serve data centers. This joint venture operates under long-term energy services agreements, helping to alleviate the rise in electricity prices for PPL's customers.

Legislative Support for New Generation Facilities

PPL Corporation supports proposed legislation in Pennsylvania aimed at facilitating the construction of new generation facilities. This legislative effort includes provisions for long-term contracts with independent power producers and allows regulated utilities, such as PPL Electric Utilities, to build and manage regulated generation facilities once again. Sorgi remarked, "We continue to believe that whoever is able and willing to build new generation should be encouraged to do so."

  • Joint venture with Blackstone Infrastructure established to serve data centers.
  • Legislation includes long-term contracting provisions.
  • PPL stands ready to contribute to new generation initiatives.

Engagement with Stakeholders

PPL Corporation is committed to leveraging its expertise to transform this new initiative from concept into reality. The company plans to engage with a diverse array of stakeholders, including federal and state leaders, as well as developers in the data center sector. This collaborative approach aims to tackle contemporary energy challenges while ensuring a safe, reliable, and affordable energy future for its customers.

Sorgi concluded, "...all while enabling the U.S. to win the AI race." This statement underscores PPL's dedication to not just energy reliability but also to fostering technological advancements.

About PPL Corporation

PPL Corporation, headquartered in Allentown, Pennsylvania, is a leading U.S. energy provider serving over 3.6 million customers with electricity and natural gas. PPL's award-winning utilities are at the forefront of addressing energy challenges, focusing on constructing smarter, more resilient power grids and advancing sustainable energy solutions. For more information, visit www.pplweb.com.

Media Contacts

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  • Ryan Hill - 610-774-4033
  • For financial analysts: Andy Ludwig - 610-774-3389

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