PPL — Proposed Rate Changes Effective Date
Jan 1, 2026, 5:00:00 AM UTC
Summary
Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) plan to file requests with the Kentucky Public Service Commission (KPSC) for significant increases in annual electricity and gas revenues. If approved, these changes aim for an increase of approximately $105 million for LG&E and $226 million for KU in electricity revenues, and $60 million for LG&E in gas revenues, translating to increases of 8.3%, 11.5%, and 14.0%, respectively. The proposed rates are expected to take effect on January 1, 2026, pending KPSC approval, with a ruling anticipated in Q4 2025.
Company
PPL CORP (PPL)NYSE — Utilities: Transportation Communications Electric Gas And Sanitary Service, Utilities - Regulated Electric: Electric Services
www.pplweb.comSimilar Events
Expected Effective Date for New Rates
American Water Works Company, Inc. announced that Missouri American Water, a subsidiary, has entered into a stipulation agreement with the Missouri Public Service Commission for a general rate case. If the agreement is approved, new rates are expected to take effect by May 31, 2025. The settlement allows for an annualized revenue increase of approximately $63.1 million, down from the company's initially revised request of $107.4 million, excluding $63.3 million currently being collected through an infrastructure surcharge mechanism. The agreement reflects negotiations with MoPSC staff and other parties and aims to adjust water and wastewater service rates. The implementation of the new rates hinges on regulatory approval. The strategic adjustment of rates seeks to align infrastructure investment and service improvements with revenue requirements.
Regulatory ApprovalEffective date for first phase of customer rate increase
The New Mexico Public Regulation Commission approved a customer rate increase for the Public Service Company of New Mexico, with 50% of the increase effective from July 1, 2025, and the remainder coming into effect on April 1, 2026. The overall revenue requirement increase is $105 million, which is based on a 9.45% return on equity with a 51% equity capitalization structure. This phased increase is designed to address the company's financial needs while adhering to regulatory requirements.
OperationalSecond Phase of Rate Increase Becomes Effective
Avista Corporation has submitted a filing to the Idaho Public Utilities Commission proposing multi-year rate increases for its electric and natural gas services. If approved, the new rates would take effect starting in September 2025 and increase further in September 2026. Electric revenue would rise by $43 million, or 14%, in 2025 and an additional $17.7 million, or 5%, in 2026. Natural gas revenue is proposed to increase by $8.8 million, or 17.7%, in 2025, and $1 million, or 1.7%, in 2026. These adjustments are driven by ongoing capital investments in infrastructure, such as the replacement of wood poles and pipes and wildfire resiliency plans, as well as rising operational costs. The decision by the IPUC is pending, with up to nine months to review the case.
OperationalEffective date for second phase of customer rate increase
The New Mexico Public Regulation Commission (NMPRC) has approved the second phase of a customer rate increase for Public Service Company of New Mexico (PNM), set to take effect on April 1, 2026. This follows an earlier phase with a 50% increase implemented on July 1, 2025. The overall revenue requirement increase is $105 million, reflecting a 9.45% return on equity and a 51% equity capitalization structure. This regulatory decision is significant for investors as it directs PNM’s revenue growth strategy and operational adjustments in response to regulatory compliance.
Operational