PPL raises capital plan to $25B with proposed Kentucky gas plant

PPL Corp. raised its base capital plan to $25 billion for 2027 through 2030, $2 billion more than the prior plan, mainly due to a proposed combined-cycle gas plant in Kentucky. The 645 MW plant, subject to regulatory approval, is expected to reach commercial operation in the second quarter of 2032. PPL's Invitium Energy joint venture with Blackstone also signed a letter of intent with QTS Data Centers for about 2 GW of generation capacity in Pennsylvania.