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PPL Corporation and PPL Electric Utilities Joint Statement Regarding Governor Shapiro’s Budget Address
Utility Renews Push to Build and Own Generation
In a press release PPL Corporation and PPL Electric Utilities (PPL Electric) “reaffirm its commitment to transparency, affordability and collaboration following Governor Shapiro’s Budget Address. PPL Electric continues to take decisive action to manage rising energy costs, strengthen affordability and uphold its promise of transparency and accountability for all customers.”
“Reforming retail markets
PPL Electric has long advocated for measures that protect customers from expensive and sometimes deceptive retail energy practices. We support Governor Shapiro’s efforts to shield customers from overpaying or being misled in competitive retail markets. In 2025 alone, retail shopping abuses cost our residential customers over $60 million. Providing clear information, enforcing fair practices and offering customer education are essential to ensuring customers pay the appropriate rates for electricity supply — the largest single component of the electricity bill.”
“High energy supply prices are a main driver of electric bill increases
With rising energy supply costs posing a serious concern for Pennsylvanians, PPL Electric emphasizes the need to keep affordability at the center of energy policy discussions. It is vital to examine the true causes of higher energy bills to develop effective solutions.
For three years, the company has been sounding the alarm on a worsening generation supply situation and has put forth solutions and supported market reforms that have saved customers billions of dollars. But more needs to be done to address the primary driver of bill increases — energy supply costs. In the last five years, supply prices for PPL Electric customers have surged by more than 200%. Currently, supply costs account for 47% of a typical residential customer bill with another 8% influenced by state policies and taxes.
We agree with the governor that the most impactful thing we can do to lower energy bills in Pennsylvania is to build new generation. PPL Electric has supported legislation in the Commonwealth to allow utilities to build and own generation again, and PPL Corporation created a joint venture with Blackstone Infrastructure to build generation to directly support data center load growth.”
