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PPL Gains Approval for New Gas Units in Kentucky

Story Highlights
  • KPSC approved LG&E and KU’s plans for new energy projects on October 28, 2025.
  • The approval supports Kentucky’s growth but did not include some rate mechanisms and extensions.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PPL Gains Approval for New Gas Units in Kentucky

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An update from PPL ( (PPL) ) is now available.

On October 28, 2025, the Kentucky Public Service Commission approved LG&E and KU’s plans to construct two new natural gas combined-cycle units and upgrade environmental controls at Ghent Generating Station. This decision supports Kentucky’s economic growth by ensuring reliable energy supply but did not approve certain rate mechanisms and extended operations for Mill Creek Unit 2. The utilities plan to have the new units operational by 2030 and 2031, respectively, and continue to evaluate the order’s implications.

The most recent analyst rating on (PPL) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on PPL stock, see the PPL Stock Forecast page.

Spark’s Take on PPL Stock

According to Spark, TipRanks’ AI Analyst, PPL is a Neutral.

PPL’s overall score is driven by a positive earnings outlook and strategic infrastructure investments, despite concerns over high leverage and negative cash flow. Technical indicators and valuation suggest caution, but the company’s growth plans and dividend yield offer potential upside.

To see Spark’s full report on PPL stock, click here.

More about PPL

Louisville Gas and Electric Company and Kentucky Utilities Company, subsidiaries of PPL Corporation, are regulated utilities serving over 1.3 million customers across Kentucky and Virginia. They offer a diverse energy generation portfolio including coal, natural gas, solar, and hydroelectric power, aiming to provide reliable and affordable service.

Average Trading Volume: 5,535,953

Technical Sentiment Signal: Buy

Current Market Cap: $26.98B

Find detailed analytics on PPL stock on TipRanks’ Stock Analysis page.

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