On the Record · PPL
PPL acquisitions, on the record
The businesses PPL bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Narragansett ElectricWord for word“On May 25, 2022, PPL and its subsidiary, PPL Rhode Island Holdings announced the completion of the acquisition of Narragansett Electric, which will continue to provide services under the name Rhode Island Energy.” 10-K for 2023 | acquisition | May 25, 2022 | — |
U.K. utility businessWord for word“Prior to the sale of the U.K. utility business on June 14, 2021, PPL WPD Limited was an indirect parent to WPD.” 10-K for 2023 | divestiture | June 14, 2021 | — |
Safari HoldingsWord for word“Corporate and Other" primarily includes corporate level financing costs, certain unallocated costs, and certain non-recoverable costs incurred in conjunction with the acquisition of Narragansett Electric and the financial results of Safari Energy, prior to its sale on November 1, 2022.” 10-K for 2023 | divestiture | November 1, 2022 | — |
renewable tax creditsWord for word“During 2023, PPL purchased approximately $300 million of renewable tax credits, as allowed by the IRA.” 10-K for 2023 | agreed acquisition | During 2023 | approximately $300 million |
a 120 MWac solar facility to be built by a third-party solar developer in Marion County, KentuckyWord for word“On November 6, 2023, the KPSC issued an order approving LG&E's and KU's requests (i) to construct a 640 MW net summer rating NGCC combustion turbine at LG&E's Mill Creek Generating Station in Jefferson County, Kentucky, (ii) to construct a 120 MWac solar photovoltaic electric generating facility in Mercer County, Kentucky, (iii) to acquire a 120 MWac solar facility to be built by a third-party solar developer in Marion County, Kentucky and (iv) to construct a 125 MW, 4-hour battery energy storage system facility at KU's E.W. Brown Generating Station.” 10-K for 2023 | agreed acquisition | November 6, 2023 | — |
Safari EnergyWord for word“"Corporate and Other" primarily includes corporate level financing costs, certain unallocated corporate costs, and certain non-recoverable costs incurred in conjunction with the acquisition of Rhode Island Energy and the financial results of Safari Energy, prior to its sale on November 1, 2022.” 10-K for 2024 | divestiture | November 1, 2022 | — |
U.K. utility business (WPD)Word for word“Prior to the sale of the U.K. utility business on June 14, 2021, PPL WPD Limited was an indirect parent to WPD.” 10-K for 2024 | divestiture | June 14, 2021 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-12-31 | — | $0 |
| 2018-12-31 | — | $53 million |
| 2019-12-31 | — | $0 |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $0 | $0 |
| 2022-12-31 | $3.66 billion | $1.59 billion |
| 2023-12-31 | $0 | — |
| 2024-12-31 | $0 | — |
Deal filings since 2016
- 2026-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2026-02-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-11-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-05-25 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-06-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-14 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-03-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-03-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-10-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-05-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-01-19 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from PPL’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-20. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.