2023 Sustainability Report highlights PPL's utility of the future strategy
Report details 2023 performance results; company's commitment to deliver safe, reliable, affordable and sustainable energy to customers and long-term value for shareowners.
"I'm very proud of what our PPL team accomplished in 2023," said PPL President and Chief Executive Officer
As highlighted in the report, PPL's 2023 accomplishments included:
- Achieving top-quartile reliability at each of the company's utilities and generation reliability in
Kentucky was once again among the best in the nation. - Completing
$2.4 billion in infrastructure improvements on time and on budget as the company continues to invest responsibly. - Delivering
$75 million in operation and maintenance savings for the year through a strong, enterprise-wide focus on technology and business transformation to help keep energy affordable while investing in the company's clean energy transition. - Strengthening PPL's transmission and distribution systems and expanding the company's industry-leading use of smart grid, automation, data analytics and artificial intelligence (AI) to build a smarter, more resilient, more reliable and more dynamic energy grid.
- Engaging in more than 150 active research projects, with
$100 million in active federal funding, to accelerate the development and commercialization of clean energy technologies needed to achieve a net-zero carbon future. - Remaining deeply committed to community involvement and donating more than
$13.6 million through the company and affiliated foundations to improve lives, enable new growth and support economic development. - Ensuring transparency, accountability and ethical stewardship to deliver long-term value for shareowners, customers and the communities served by PPL.
PPL's 2023 Sustainability Report is available online at www.pplsustainability.com.
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