PPL Corporation is a U.S. energy holding company whose operations consist primarily of regulated electric and natural gas utilities. Its main subsidiaries are Louisville Gas and Electric and Kentucky Utilities, which serve customers in Kentucky, and PPL Electric Utilities, which distributes electricity in central and eastern Pennsylvania. The company generates, transmits, and distributes electricity and also distributes natural gas in Kentucky. Revenue comes mainly from regulated retail and wholesale electricity and natural gas sales, with rates set by state and federal regulators. PPL sold its U.K. business, Western Power Distribution, in 2021 and later acquired Rhode Island Energy, which operates electric and gas utilities in Rhode Island. The company focuses on regulated utility operations in the United States, serving millions of customers across its service territories.

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