The company reaffirmed its targeted annual operation and maintenance savings of at least $175 million by 2026 from the company’s 2021 baseline, with $120-$130 million of annual savings planned by the end of 2024. In addition, PPL reaffirmed its projection of 6% to 8% annual earnings and dividend growth through at least 2027 based off the midpoint of its 2024 ongoing earnings forecast range. The company expects to achieve this growth without the need for equity issuances and while maintaining a balance sheet that is among the best in the U.S. utility sector.
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