ALLENTOWN, Pa., Sept. 27,
2022 /PRNewswire/ -- PPL Corporation today announced
the publication of voluntary disclosures that highlight the
company's clean energy strategy and overall sustainability
performance.
The disclosures include the latest iteration of PPL's Edison
Electric Institute and American Gas Assocation report, which
provides investors access to the most commonly requested metrics
about investor-owned utilities' environmental, social and
governance (ESG) performance. In addition, PPL published its latest
response to the CDP Climate Survey, which provides detailed
disclosures centered around the company's clean energy transition
and climate-related risks and opportunties.
"As an innovative, best-in-class utility operator, PPL is poised
to lead the clean energy transition while keeping energy service
affordable and reliable for our customers," said Christine Martin, PPL's vice president of public
affairs and chief sustainability officer. "Our transparent
reporting on our clean energy transition and ESG peformance
provides a clear view of PPL's strategy to deliver top-tier growth
and a clean energy future and reflects our ongoing commitment to
keep stakeholders informed of our progress."
The new reports are available on the Sustainability Disclosures
page of PPL's website and focus on data for the 2021 reporting
year.
PPL has set an ambitious goal to achieve net-zero carbon
emissions by 2050. In addition, the company is targeting a 70%
reduction from 2010 levels by 2035 and an 80% reduction by 2040.
These goals cover Scopes 1 and 2 greenhouse gases and also include
Scope 3 emissions associated with purchased electricity for
customers of Louisville Gas and Electric and Kentucky Utilities,
two PPL subsidiaries.
Through 2021, PPL reduced carbon emissions nearly 60% from 2010
levels, putting the company on track to achieve its interim targets
and 2050 net-zero goal.
"The primary focus of our decarbonization strategy is reducing
our own greenhouse gas emissions," said Martin. "To that end, we
expect to retire 2,000 MW of coal-fired generation by 2034 and
expect at least 1,000 MW to retire by 2028. We are currently
planning for the 2028 generation replacement and will be filing our
plan with the Kentucky Public Service Commission near year-end
2022. We have reduced methane emissions from our Kentucky gas business and are currently
evaluating our Rhode Island gas
distribution system. In addition, we've set 2030 targets for fleet
electrification and reductions in building energy use."
PPL Corporation (NYSE:PPL), based in Allentown, Pennsylvania, is a leading U.S.
energy company focused on providing electricity and natural gas
safely, reliably and affordably to 3.5 million customers in the
U.S. PPL's high-performing, award-winning utilities are addressing
energy challenges head-on by building smarter, more resilient and
more dynamic power grids and advancing sustainable energy
solutions. For more information, visit www.pplweb.com.
Note to Editors: Visit our media website at
www.pplnewsroom.com for additional news and background about PPL
Corporation.
Contact:
For investors: Andy Ludwig,
610-774-3389,
invrel@pplweb.com
For news media: Lissette
Santana, 610-774-5997,
losantana@pplweb.com
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SOURCE PPL Corporation