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PPL: Local roots, global reach
© PPL Corporation 2011Proprietary and Confidential
Today’s PPL
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Dramatic changes in recent years
Global company with strong portfolio
Transformed business mix with major acquisitions
One of America’s major energy companies
© PPL Corporation 2011Proprietary and Confidential
PPL then and now
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Year End 1994 TodayGenerating capacity 7,800 megawatts 19,000 megawatts
Revenue $2.7 billion $11 billion
Energy delivery customers 1.4 million 10 million
Number of employees 7,400 More than 15,000
Geographic scope Eastern and Pennsylvania, Montana, central PA Kentucky, Virginia,
south east Englandand Wales
© PPL Corporation 2011Proprietary and Confidential
Global growth strengthens local roots
Still dedicated to customer service
Major investment in Pennsylvania delivery networks
Strong investor in communities
Good-paying jobs
Tax revenues
Reliable dividend
Only major energy company headquartered in Pennsylvania
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© PPL Corporation 2011Proprietary and Confidential
PPL’s businesses: Regulated
In Pennsylvania: Transmission regulated by FERC Distribution regulated by PUC
In Kentucky: Generation and delivery regulated
by state PSC
In the United Kingdom: Delivery regulated by Ofgem (federal)
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© PPL Corporation 2011Proprietary and Confidential
PPL’s businesses: Unregulated
In Pennsylvania and Montana:
Generation capacity
Decisions on adding new capacity
Improving efficiency/output from existing plants
PPL EnergyPlus marketing operations
Keeping options open for additional nuclear capacity
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© PPL Corporation 2011Proprietary and Confidential
Why “regulated vs. unregulated” matters
Advantages of regulated businesses Steady cash flow Opportunity for growing rate base Strong relationships with regulatory agencies
Advantages of unregulated businesses Opportunity for profit when energy prices
increase Efficiently run, competitive assets Environmentally responsible
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© PPL Corporation 2011Proprietary and Confidential
Why “regulated vs. unregulated” matters
Recently transformed business mix
Acquired regulated businesses in Kentucky, United Kingdom
Regulated business now 75 percent of earnings
Improves risk and credit profiles
Solid support for our dividend
Achieved targeted business balance
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© PPL Corporation 2011Proprietary and Confidential
Other advantages of recent acquisitions
Kentucky: Well-run companies Recognized for strong customer service
WPD Midlands: Adjacent to existing PPL operations
in the United Kingdom Offers opportunity for cost-saving synergies Under strong WPD management
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© PPL Corporation 2011Proprietary and Confidential
Pennsylvania after deregulation
Opportunities to save by shopping
More than one-third of customers buying power from competitive supplier
Most large businesses shopping
Rates considerably lower than some predicted Lower natural gas prices led to lower
electricity prices Law of supply and demand
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© PPL Corporation 2011Proprietary and Confidential
PPL’s investment in Pennsylvania
Investing more than $3 billion in delivery infrastructure over 5 years
Improving reliability
Creating jobs and boosting area companies
Keeping infrastructure current
Vegetation management
Siting new lines
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© PPL Corporation 2011Proprietary and Confidential
Making investment easier
Current Pennsylvania ratemaking method inefficient Could require frequent rate cases
PPL backs new legislative/regulatory proposals to fund infrastructure investment
Assure more timely, certain recovery of new investments
Working with lawmakers
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© PPL Corporation 2011Proprietary and Confidential
Smart grid project
Another example of PPL improving its infrastructure
Demonstrating benefits of “smart grid” technology in Harrisburg area Improving operations, strengthening service
reliability, supporting energy savings
Will apply model design to entire grid
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© PPL Corporation 2011Proprietary and Confidential
Making our communities better places
Shared commitment to communities in all our areas
PPL donates to agencies, educational institutions
PPL supports economic development agencies
Strong employee and company support for United Way campaign
Employee volunteers give countless hours
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© PPL Corporation 2011Proprietary and Confidential
Innovative ways to serve customers
Offering customer service unheard-of 10 years ago Track your usage, bill on website
Price to compare enables shopping
Customer focused energy-saving programs
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© PPL Corporation 2011Proprietary and Confidential
The future looks bright
Solid business performance
Smart mix of companies
Innovative services to customers
Focus on strong service
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© PPL Corporation 2011Proprietary and Confidential
Questions
Thank you.
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