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PPL CEO: We're "Attacking" Parts Of The Customer Bill That We Don't Control, To Address Affordability
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During an earnings call today, PPL Corp. President and Chief Executive Officer Vincent Sorgi said that the company is "attacking" parts of the customer bill that PPL's utilities do not control, as part of assuring affordability for customers
Sorgi stated, "We have been and will continue to be laser-focused on minimizing bill increases or even reducing overall bills for our customers. We'll do that through our actions over those areas of the bill that we directly control, and even attacking those parts of the bill that we don't."
Sorgi stated, "As an example, more than half of the customer bill in Pennsylvania comes from costs we do not control, with energy supply costs being the largest component. For several years, we have been sounding the alarm on a worsening generation supply situation in PJM, which has been the primary driver of higher customer bills. Since December of 2020, energy supply costs have increased by roughly 200%. And over that time, PPL Electric's average monthly residential bill has increased by about $68, with approximately $50 of that increase coming from energy supply costs alone."
Sorgi stated, "The takeaway is straightforward. The single biggest driver of long-term affordability in PJM will be increasing generation supply. And with the scale of data center growth we're seeing, we absolutely need to build new, reliable generation to meet that demand."
Sorgi stated, "At PPL, we're focused on supporting the build-out of new generation in a number of ways. First, we formed a strategic partnership with Blackstone to build, own and operate new electric generating stations to directly power data centers. Second, we're actively supporting legislation that's been proposed in Pennsylvania to allow regulated utilities to enter into long-term resource adequacy agreements with independent power producers. The legislation would also permit utilities, where appropriate, to build and own generation to support reliability and affordability."
PPL estimates that the proposed PJM emergency capacity auction for large loads, if it comes to fruition, could produce about 6 to 7 GW.
However, Sorgi stated that such amount would be lower than the forecasted new data center demand in PPL Electric's Pennsylvania service area, let alone all of PJM
Sorgi reported that, at PPL Electric, data center projects in advanced stages, meaning the projects have executed agreements and have meaningful financial commitments attached to them, now total approximately 25.2 GW
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PPL CEO Says Energy Supply Costs Have Increased 200% Since December 2020
PPL Expects 6-7 GW From Potential PJM Emergency Auction Sought by Trump/Govs, If Auction Adopted; Amount Said To Be Short Of Data Center Demand
February 20, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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