Report details 2023 performance results;
company's commitment to deliver safe, reliable, affordable and
sustainable energy to customers and long-term value for
shareowners.
ALLENTOWN, Pa., April 18,
2024 /PRNewswire/ -- PPL Corporation today released
its 2023 Sustainability Report highlighting the company's progress
in executing its utility of the future strategy. The report details
PPL's performance results in areas of safety, energy delivery,
environmental stewardship, community engagement, responsible
business practices and corporate governance.
"I'm very proud of what our PPL team accomplished in 2023," said
PPL President and Chief Executive Officer Vincent Sorgi. "Our commitment to responsible
business practices guides our efforts as we pursue a cleaner energy
future while maintaining safe, reliable and affordable service for
our customers and delivering long-term value for our
shareowners."
As highlighted in the report, PPL's 2023 accomplishments
included:
- Achieving top-quartile reliability at each of the company's
utilities and generation reliability in Kentucky was once again among the best in the
nation.
- Completing $2.4 billion in
infrastructure improvements on time and on budget as the company
continues to invest responsibly.
- Delivering $75 million in
operation and maintenance savings for the year through a strong,
enterprise-wide focus on technology and business transformation to
help keep energy affordable while investing in the company's clean
energy transition.
- Strengthening PPL's transmission and distribution systems and
expanding the company's industry-leading use of smart grid,
automation, data analytics and artificial intelligence (AI) to
build a smarter, more resilient, more reliable and more dynamic
energy grid.
- Engaging in more than 150 active research projects, with
$100 million in active federal
funding, to accelerate the development and commercialization of
clean energy technologies needed to achieve a net-zero carbon
future.
- Remaining deeply committed to community involvement and
donating more than $13.6 million
through the company and affiliated foundations to improve lives,
enable new growth and support economic development.
- Ensuring transparency, accountability and ethical stewardship
to deliver long-term value for shareowners, customers and the
communities served by PPL.
PPL's 2023 Sustainability Report is available online at
www.pplsustainability.com.
About PPL
PPL Corporation (NYSE: PPL), headquartered
in Allentown, Pennsylvania, is a
leading U.S. energy company focused on providing electricity and
natural gas safely, reliably and affordably to more than 3.5
million customers in the U.S. PPL's high-performing, award-winning
utilities are addressing energy challenges head-on by building
smarter, more resilient and more dynamic power grids and advancing
sustainable energy solutions. For more information, visit
www.pplweb.com.
Note to Editors: Visit our media website at
www.pplnewsroom.com for additional news about PPL
Corporation.
Contacts:
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For news media:
Lissette Santana, 610-774-3357
|
|
For financial analysts:
Andy Ludwig, 610-774-3389
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SOURCE PPL Corporation