PPL Corporation (NYSE:PPL) shares are up on Friday as the company is reportedly reaching a settlement regarding its first distribution rate increase since 2016.
PPL Electric Utilities has submitted a joint petition for a non-unanimous settlement to the Pennsylvania Public Utility Commission (PUC), seeking approval for a $275 million increase in annual base distribution revenues. If approved, the new distribution base rates would take effect on July 1, 2026, and would not increase for two years thereafter.
The settlement aims to enhance system reliability and improve customer service while supporting investments for future growth. This marks the company’s first base distribution rate increase since 2016, indicating a significant shift in its revenue strategy.
Technical Analysis
PPL is currently trading 2.6% above its 20-day simple moving average (SMA) and 7.5% above its 100-day SMA, indicating a strong short-term trend.
Over the past 12 months, shares have increased 13.97%, and they are currently positioned closer to their 52-week highs than lows.
The RSI is at 55.19, which is considered neutral territory, suggesting that the …
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