PPL (PPL) AGM 2026 summary

Opening remarks and agenda

• Meeting held virtually to increase access and participation, allowing electronic voting and questions from shareholders.

• Board members, executive leadership, and representatives from Deloitte & Touche LLP were introduced.

• Four management proposals were presented for shareholder voting, including director elections and executive compensation.

Board and executive committee updates

• Nine directors were nominated and subsequently elected to serve until the next annual meeting.

• Executive leadership team and subsidiary heads were present and introduced.

Financial performance review

• Achieved ongoing earnings of $1.81 per share in 2025, aligning with guidance and showing year-over-year growth.

• Board increased common stock dividend by nearly 6% from 2024 to 2025, maintaining a record of predictable growth.

• $4.4 billion invested in infrastructure in 2025, focusing on grid modernization and new generation resources.

• Exceeded O&M savings targets, achieving $170 million in annual run rate savings from the 2021 baseline.

• Maintained a strong balance sheet and contributed over $15 million to community programs in 2025.