Expenditures for property, plant, and equipment for the nine months ended September 30, 2024 were $1,945 million. This indicates continued investment in infrastructure and assets.

The company issued $750 million of 5.25% Senior Notes due 2034 in August and $500 million of 5.35% Senior Notes due 2034 in March. This indicates a continued reliance on debt financing.

The company declared a quarterly cash dividend on its common stock, payable October 1, 2024, of 25.75 cents per share (equivalent to $1.03 per annum). This indicates a commitment to returning capital to shareholders.

In September 2024, LG&E and KU experienced significant winds and rain activity in their service territories, resulting in substantial damage to certain of LG&E's and KU's assets with total estimated storm costs incurred through September 30, 2024 of $12 million. This indicates an increase in storm-related events.

On December 22, 2023, the KPSC initiated an investigation into the practices of LG&E and KU regarding the provision of electric service from December 23, 2022 through December 25, 2022. The investigation is the result of LG&E's and KU's need to implement brief service interruptions to approximately 55,000 customers during this period. This indicates regulatory scrutiny.

On October 4, 2024, LG&E submitted an application related to the expected retirement of Mill Creek Unit 1 by December 31, 2024, requesting recovery of associated costs under the RAR rider. This indicates the retirement of assets.

KU is undertaking extensive remedial measures at the E.W. Brown plant including closure of the former ash pond, implementation of a groundwater remedial action plan and performance of a corrective action plan including aquatic study of adjacent surface waters and risk assessment. The aquatic study and risk assessment are being undertaken pursuant to a 2017 agreed Order with the Kentucky Energy and Environment Cabinet (KEEC).

In accordance with a PAPUC-approved purchase of accounts receivable program, PPL Electric purchases certain accounts receivable from alternative electricity suppliers at a discount, which reflects a provision for uncollectible accounts. The alternative electricity suppliers have no continuing involvement or interest in the purchased accounts receivable.

Compliance with the NAAQS, CSAPR, Good Neighbor Plan, and related requirements may require installation of additional pollution controls or other compliance actions, inclusive of retirements, the costs of which PPL, LG&E and KU believe would be subject to rate recovery.