PPL — what changed in the latest 10-Q
A section-by-section comparison of PPL's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +106 | −59 | ~67 | 118 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +2 | −1 | 0 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
On June 11, 2026, the PAPUC entered its order approving the settlement with a minor modification related to net metering eligibility. None of the parties to the settlement objected to the PAPUC's minor modification to the settlement terms and new rates became effective on July 1, 2026. On June 26, 2…
The proposed merger structure contemplates LG&E as the successor legal entity which would, by operation of law, retain and assume, respectively, all the assets, properties and rights, and liabilities, duties and obligations of LG&E and KU.
Ultimately, any merger would require formal approvals from the KPSC, VSCC, the FERC and the Federal Communications Commission (FCC), as well as the boards and sole shareholder of both companies. It is anticipated that the regulatory agencies may issue orders in the current proceedings during the thi…
PPL and affiliates of Blackstone Infrastructure Advisors L.L.C. (Blackstone Infrastructure) have formed a joint venture, Invitium Energy, LLC (Invitium), to build, own and operate new electricity generation stations to power data centers in Pennsylvania under long-term energy supply services agreeme…
(e)The decrease for the three months ended June 30, 2026 was primarily due to lower recoveries of fuel expenses and energy purchases, partially offset by higher recoveries of energy purchases from affiliate. The increase for the six months ended June 30, 2026 was primarily due to higher recoveries o…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
On April 17, 2026, the Administrative Law Judges presiding over the case recommended the settlement be approved without modification. A ruling from the PAPUC is anticipated during the second quarter of 2026. PPL and PPL Electric cannot predict the outcome of the proceeding.
(e)The increase was primarily due to higher recoveries of fuel expenses and energy purchases.
(i)The decrease was primarily due to the ISO-NE transmission rates ROE reduction. See Note 6 to the Financial Statements for additional information.
(b)The increase is primarily due to higher bad debt expenses, generation maintenance expenses and vegetation management expenses.
Depreciation increased $29 million for the three months ended March 31, 2026 compared with 2025, primarily due to an increase in PP&E additions, net of retirements.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-07
On June 15, 2026, Ms. Wendy E. Stark, Executive Vice President-Utilities and Chief Legal Officer of PPL, adopted a trading arrangement for the sale of shares of PPL's common stock (a Rule 10b5-1 Trading Plan) that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the …
Ms. Stark's Rule 10b5-1 Trading Plan, which terminates on the earlier of (i) May 28, 2027 and (ii) the date all trades specified under the plan have been executed or all orders under the plan have expired, provides for the sale of up to 21,623 shares of common stock of PPL, pursuant to the terms of …
Text removed vs the prior filing · source: 10-Q · 2026-05-08
On March 12, 2026, Mr. J. Gregory Cornett, President of Rhode Island Energy, adopted a trading arrangement for the sale of shares of PPL's common stock (a Rule 10b5-1 Trading Plan) that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice