PPL Corporation has entered into forward contracts to sell a total of 27.4 million shares of its common stock at a blended initial forward price of approximately $35.90 per share, with expected net proceeds of about $984 million. These contracts, executed through PPL's at-the-market program, are set to be settled by December 30, 2026, and August 11, 2027. Additionally, PPL has arranged forward contracts for approximately $400 million worth of shares to be settled by December 30, 2025. Since February 2025, PPL has engaged in forward contracts totaling approximately $1.4 billion, addressing a significant portion of its $2.5 billion expected equity need through 2028.
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