The tariff requires long-term contracts, minimum revenue payments and collateral security structures to protect LG&E, KU and other ratepayers. The order also includes a Pilot Generation Recovery Adjustment Clause for new generation and storage assets, including a potential extension of Mill Creek Unit 2 beyond its 2027 retirement date.
KPSCKULG&E
Source: PPL Corp 10-Q, filed Nov 6, 2026
PPL owns 51% of Invitium and Blackstone Infrastructure owns 49%. Invitium is engaged with hyperscalers, has secured multiple land parcels and placed deposits on future turbine purchases; construction is contingent on commercial agreements with data center developers.
Blackstone InfrastructureInvitiumInvitium Energy, LLCPPL
Source: PPL Corp 10-Q, filed Nov 6, 2026
Approximately 2.3 GW is under signed reimbursement agreements, up 1 GW from the prior quarter, in Louisville Gas and Electric and Kentucky Utilities service territories. Pennsylvania's PPL Electric Utilities data center pipeline reached approximately 35.3 GW in advanced stages.
Kentucky UtilitiesLouisville Gas and ElectricPPL Electric Utilities
Source: PPL Corp 8-K, filed Nov 6, 2026
The plan is $2 billion higher than the prior 2026-2029 plan and is projected to drive average annual rate base growth of 10% from 2026 through 2030.
PPL
Source: PPL Corp 8-K, filed Nov 6, 2026
The nonbinding term sheet has a 20-year initial term with multiple five-year renewals and advances a letter of intent. Invitium, PPL's joint venture with Blackstone Infrastructure, also executed a cost reimbursement agreement with QTS.
Blackstone InfrastructureInvitium EnergyPPLQTS
Source: PPL Corp 8-K, filed Nov 6, 2026
