PPL

PPL Corporation announced a $23 billion infrastructure investment plan through 2029, targeting 10.3% average annual rate-base growth. The company raised its quarterly dividend by 4.6% in 2026 and targets 4-6% annual dividend growth through 2029, while forecasting 6-8% annual EPS growth. PPL's debt-to-capital ratio of 57.46% is lower than the industry average, and the company holds a Zacks Rank #2 (Buy) rating.

Pinnacle West Capital (PNW) is capitalizing on rising electricity demand in its service territory, with Q2 2026 customer growth of 2.1% and weather-normalized sales up 5.6%. The company plans $7.95B in infrastructure investments through 2028 and forecasts 5-7% long-term EPS growth, driven by data centers and industrial customers. Similar trends are benefiting other utilities like Alliant Energy and PPL Corporation, which are seeing significant demand from large commercial customers and data center pipelines.

PPL Corporation is expanding its generation portfolio to meet rising electricity demand, particularly from data centers and large industrial customers. The company's Kentucky operations include 2,000 MW of natural gas, 240 MW of solar, and 500+ MW of battery storage, with $5.7 billion in planned investments through 2029.

PPL Electric's data center pipeline reached 31.8 GW with over 11 GW under signed agreements. The company's joint venture Invium Energy has sites capable of supporting 8-14 GW of capacity, with 5+ GW of gas projects in interconnection queues.