Pennsylvania Governor Josh Shapiro is intervening in a Pennsylvania Public Utility Commission (PUC) case involving PPL Corporation. This action marks the first gubernatorial intervention in a commission case in 15 years. The proceeding addresses electricity rates and protections for large energy consumers.
The intervention specifically focuses on infrastructure costs driven by growing demand from data centers. Shapiro aims to shield residential customers from the substantial expenses required to upgrade the electrical grid. PPL issued a statement on October 16 welcoming the governor's focus on customer protection.
PPL proposed a mechanism to the PUC to assign transmission upgrade costs directly to the large-load customers requiring them. Separately, MarketBeat reported on October 17 that 14 analysts gave PPL Corporation a consensus rating of Moderate Buy. The company maintains an average one-year price target of $40.00.