PPL Confirms Rate Hike, Says All Parties to Deal Affirm Support

June 8, 2026

— Jeff Ward, Lehigh Valley News Briefs

In case there was any doubt, PPL wants you to know that the cost of distributing electricity is indeed going up July 1.

So in one year, PPL has raised the price of electricity, the price of delivering electricity, and its quarterly dividend.

When PPL announced last week that a deal with the Public Utility Commission would increase the distribution rate, the Allentown-based utility noted that parties to the deal had five days to drop out.

On Friday, PPL said ” all parties to the joint settlement have reaffirmed their support and do not intend to withdraw.”

So, according to PPL residential customers will pay 3.2% more for distribution. That’s $6.48 monthly for a residential customer using 1,000 kilowatt hours, or $77.76 annually. Cost varies upon use.

PPL asked for a rate that would boost annual revenue $356.3 million, but settled for $275 million. The distribution rate was last raised in 2016.

PPL raised its price for electricity 1.5% on June 1. That’s a separate part of the bill, but it means two price increases in two months. To get a better rate, see papowerswitch.com.

By the way, PPL increased its quarterly dividend in February, when it announced fourth-quarter adjusted earnings of $1.34 billion. The company is also in talks with companies about building data centers in PPL’s territory.

Shares of PPL (PPL:NYSE) traded at $35.56 at 11:16 a.m. today.

Disclosure: I own shares of PPL.

Here’s the statement from PPL, and below is a cut-and-paste version:

PPL Electric Utilities confirms continued support for rate case settlement following PUC approval

ALLENTOWN, Pa., June 5, 2026 /PRNewswire/ — PPL Electric Utilities is pleased to report that, following the Pennsylvania Public Utility Commission’s approval of its distribution rate case settlement with a minor modification, all parties to the joint settlement have reaffirmed their support and do not intend to withdraw.

The Company has submitted a letter to the rate case docket (R-2025-3057164) reflecting this continued support among stakeholders.

“We appreciate the parties’ ongoing commitment to working constructively throughout this extensive review and for representing their constituents so effectively,” said Christine Martin, President of PPL Electric Utilities. “As reflected in the Commission’s decision, this settlement strikes an important balance by supporting affordability for customers while enabling the critical investments needed to serve our communities safely and reliably.”

About PPL Electric Utilities
PPL Electric Utilities delivers safe, reliable and affordable electricity to 1.5 million homes and businesses in eastern and central Pennsylvania. It regularly ranks among the country’s best utility companies for reliability and customer satisfaction. PPL Electric Utilities is a major employer and an active supporter of the communities it serves. It is a part of the PPL Corporation (NYSE: PPL) family of companies. Visit pplelectric.com or connect on social media via Facebook, Twitter and Instagram for energy efficiency tips, bill help information, guidance on shopping for an electricity supplier, storm updates and more.