PPL Corporation is a US-based utility company founded in 1920 that provides regulated electric and natural gas services, primarily serving over 2 million customers. It operates under a rate-based revenue model that delivers stable cash flows and supports investments in both traditional and renewable energy, notably wind power. Under the leadership of CEO Thomas A. Laughlin, the company is modernizing its grid infrastructure while preparing for an energy transition. These strategic initiatives set the foundation for steady long-term performance amid evolving regulatory and market dynamics.