{"slug":"ppl","name":"PPL 코퍼레이션","name_en":"PPL Corporation","ticker":"PPL","updated_at":"2026-09-24T04:38:44.536477+00:00","canonical":"https://valuechain.wiki/ppl","citable":"밸류체인 그래프 기준 PPL 코퍼레이션의 직접 연결 기업은 2곳(관계 기준 공급 1·매출 0·투자 1)이고, 사슬을 2차까지 넓히면 9곳에 닿는다. 링크의 근거 출처는 5건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-09-24 기준).","citable_en":"Per the valuechain.wiki graph, PPL Corporation is directly linked to 2 companies (1 supply, 0 revenue, 1 investment relationships) and reaches 9 companies within two hops; the links are backed by 5 dated sources, 1 of them primary filings (as of 2026-09-24).","kicker":"미국 규제 전력·가스","kicker_en":"U.S. regulated power and gas utility","lead":"PPL은 펜실베이니아, 켄터키, 버지니아, 로드아일랜드에서 전력과 천연가스를 공급하고 켄터키에서 발전소를 운영한다. 송배전 요금과 전력 판매로 돈을 벌며 전력 구매, 연료, 발전설비와 전력망 건설에 비용을 쓴다. 데이터센터 전력 수요에 대응하기 위해 블랙스톤과 발전 합작사업도 추진한다.","lead_en":"PPL supplies electricity and natural gas in Pennsylvania, Kentucky, Virginia and Rhode Island, and operates generation in Kentucky. It earns revenue from regulated delivery and energy sales while spending on purchased power, fuel, generation equipment and grid construction. It is also pursuing a generation joint venture with Blackstone to serve data-center demand.","categories":[{"key":"regulated-grid-utilities","ko":"규제 유틸리티·전력망 운영","en":"Regulated Utilities & Grid Operators","theme":"power-grid","theme_ko":"전력·그리드","theme_en":"Power & Grid","theme_kind":"chain","primary":true}],"segments":{"parts":[{"name":"켄터키 규제사업","note":"FY2025 영업수익 약 38억달러"},{"name":"펜실베이니아 규제사업","note":"FY2025 영업수익 약 31억달러"},{"name":"로드아일랜드 규제사업","note":"FY2025 영업수익 약 22억달러"}],"total":"FY2025 고객계약 매출 91억7천만달러","track":"C"},"segments_en":{"parts":[{"name":"Kentucky Regulated","note":"Approximately $3.8 billion of FY2025 operating revenue"},{"name":"Pennsylvania Regulated","note":"Approximately $3.1 billion of FY2025 operating revenue"},{"name":"Rhode Island Regulated","note":"Approximately $2.2 billion of FY2025 operating revenue"}],"total":"$9.17 billion FY2025 revenue from contracts with customers"},"returns_yearly":{"2021":12.9,"2022":0.4,"2023":-3.8,"2024":24,"2025":11.4,"2026":1.8},"return_asof":"2026-09-04","value_chain":{"leading":[],"benefiting":[{"slug":"ge-vernova","name":"GE Vernova","name_en":"GE Vernova","tier":1,"returns_yearly":{"2025":99,"2026":54}},{"slug":"blackstone","name":"Blackstone","name_en":"Blackstone","tier":1,"returns_yearly":{"2021":107.1,"2022":-40,"2023":82.7,"2024":35.1,"2025":-7.8,"2026":-23.5}},{"slug":"moderna","name":"모더나","name_en":"Moderna","tier":2,"returns_yearly":{"2021":143.1,"2022":-29.3,"2023":-44.6,"2024":-58.2,"2025":-29.1,"2026":393.6}},{"slug":"coreweave","name":"CoreWeave","name_en":"CoreWeave","tier":2,"returns_yearly":{"2026":14.6}},{"slug":"medtronic","name":"메드트로닉","name_en":"Medtronic plc","tier":2,"returns_yearly":{"2021":-9.8,"2022":-22.6,"2023":9.6,"2024":0.3,"2025":24,"2026":-0.3}},{"slug":"eqt","name":"EQT 코퍼레이션","name_en":"EQT Corporation","tier":2,"returns_yearly":{"2021":71.6,"2022":57.6,"2023":16.2,"2024":21.4,"2025":17.6,"2026":-0.6}},{"slug":"workday","name":"워크데이","name_en":"Workday, Inc.","tier":2,"returns_yearly":{"2021":14,"2022":-38.7,"2023":65,"2024":-6.5,"2025":-16.8,"2026":-8.8}},{"slug":"alnylam-pharmaceuticals","name":"앨라일람","name_en":"Alnylam Pharmaceuticals","tier":2,"returns_yearly":{"2020":0,"2021":30.5,"2022":40.1,"2023":-19.5,"2024":22.9,"2025":69,"2026":-41.5}},{"slug":"d-wave","name":"D-Wave Quantum","name_en":"D-Wave Quantum","tier":2,"returns_yearly":{"2022":-85.3,"2023":-38.9,"2024":854.5,"2025":211.3,"2026":-44.3}},{"slug":"vertiv","name":"Vertiv","name_en":"Vertiv","tier":3,"returns_yearly":{"2021":33.8,"2022":-45.3,"2023":251.8,"2024":136.8,"2025":42.8,"2026":73.2}},{"slug":"super-micro","name":"Super Micro","name_en":"Super Micro","tier":3,"returns_yearly":{"2021":38.8,"2022":86.8,"2023":246.2,"2024":7.2,"2025":-4,"2026":43}},{"slug":"williams","name":"Williams","name_en":"Williams Companies","tier":3,"returns_yearly":{"2021":38.4,"2022":32.8,"2023":11.9,"2024":62.3,"2025":14.9,"2026":25.2}},{"slug":"nvidia","name":"NVIDIA","name_en":"NVIDIA","tier":3,"returns_yearly":{"2021":125.5,"2022":-50.3,"2023":239,"2024":171.2,"2025":38.9,"2026":23.2}},{"slug":"thermo-fisher-scientific","name":"써모 피셔 사이언티픽","name_en":"Thermo Fisher Scientific","tier":3,"returns_yearly":{"2021":43.5,"2022":-17.3,"2023":-3.4,"2024":-1.7,"2025":11.8,"2026":13.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":12}},{"slug":"agilent-technologies","name":"애질런트 테크놀로지스","name_en":"Agilent Technologies, Inc.","tier":3,"returns_yearly":{"2021":35.5,"2022":-5.5,"2023":-6.4,"2024":-2.7,"2025":1.9,"2026":11.5}},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":3,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":8.3}},{"slug":"core-scientific","name":"Core Scientific","name_en":"Core Scientific","tier":3,"returns_yearly":{"2025":3.6,"2026":5.8}},{"slug":"danaher","name":"다나허","name_en":"Danaher Corporation","tier":3,"returns_yearly":{"2021":48.6,"2022":-19,"2023":-1.2,"2024":-0.3,"2025":0.4,"2026":-3.4}},{"slug":"sempra","name":"셈프라","name_en":"Sempra","tier":3,"returns_yearly":{"2021":7.4,"2022":20.3,"2023":-0.1,"2024":21.1,"2025":3.9,"2026":-3.5}},{"slug":"abbott-laboratories","name":"애보트","name_en":"Abbott Laboratories","tier":3,"returns_yearly":{"2021":30.5,"2022":-20.7,"2023":2.3,"2024":4.8,"2025":12.9,"2026":-19}}],"analysis":"미국 규제 전력·가스 기업. 2026년 +1.8%다. 공급단(평균 +44.4%)이 본주(+1.8%)보다 앞서 있다. 지출이 아래로 번지며 공급사 쪽 탄력이 먼저 나타나는 구도다.","analysis_en":"PPL Corporation operates across U.S. regulated power and gas utility. It is +1.8% in 2026. The supply side (avg +44.4%) leads the stock (+1.8%), with spending rippling down to suppliers first. It is also pursuing a generation joint venture with Blackstone to serve data-center demand.","analysis_asof":"2026-09-04"},"edges":[{"direction":"cost","counterparty":"오하이오 밸리 일렉트릭 코퍼레이션","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"LG&E와 KU의 OVEC 전력구매계약상 에너지 구매액 합계","value":37000000,"period":"FY2025","basis_en":"Combined LG&E and KU energy purchases under the OVEC power purchase agreement","qualifier":null},"note":"LG&E와 KU는 OVEC와 2040년 6월까지 이어지는 전력구매계약을 맺고 있다. 두 회사의 FY2025 OVEC 전력 구매액은 합계 3,700만달러였다.","note_en":"LG&E and KU have a power purchase agreement with OVEC that runs through June 2040. Their combined FY2025 energy purchases under the agreement were $37 million.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm","title":"PPL Corp 2025 Form 10-K","title_en":"PPL Corp 2025 Form 10-K","excerpt":"LG&E와 KU는 OVEC 전력구매계약에 따라 에너지를 구매했다.","excerpt_en":"total energy purchases under the OVEC PPA"}]},{"direction":"investor","counterparty":"Blackstone","counterparty_slug":"blackstone","confidence":"high","metric":{"type":"share","unit":"%","as_of":"2026-02-20","basis":"PPL 발전 합작사에서 Blackstone Infrastructure가 보유한 지분","value":49,"period":"ownership as of FY2025 filing","basis_en":"Blackstone Infrastructure ownership stake in the PPL generation joint venture","qualifier":null},"note":"PPL은 Blackstone Infrastructure와 펜실베이니아 데이터센터용 발전소를 건설·소유·운영하는 합작사를 설립했다. PPL이 51%, Blackstone Infrastructure가 49%를 보유한다.","note_en":"PPL formed a joint venture with Blackstone Infrastructure to build, own and operate generation for Pennsylvania data centers. PPL owns 51% and Blackstone Infrastructure owns 49%.","sources":[{"stance":"confirms","publisher":"Utility Dive","publisher_en":"Utility Dive","kind":"news","lang":"en","published_at":"2026-08-10","url":"https://www.utilitydive.com/news/ppl-blackstone-joint-venture-secures-5-gw-of-gas-turbines-for-data-centers/827408/","title":"PPL·Blackstone 합작사, 펜실베이니아 데이터센터용 가스터빈 5GW 확보","title_en":"PPL-Blackstone joint venture secures 5 GW of gas turbines for data centers in Pennsylvania","excerpt":"PPL과 Blackstone은 데이터센터 발전소를 위한 Invitium Energy를 설립했다.","excerpt_en":"PPL and Blackstone formed Invitium to build, own and run power plants for data centers."},{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm","title":"PPL Corp 2025 Form 10-K","title_en":"PPL Corp 2025 Form 10-K","excerpt":"PPL은 합작사 51%, Blackstone Infrastructure는 49%를 보유한다.","excerpt_en":"PPL owns 51% and Blackstone Infrastructure owns 49%."},{"stance":"confirms","publisher":"Simply Wall St","publisher_en":"Simply Wall St","kind":"analysis","lang":"ko","published_at":"2025-10-12","url":"https://simplywall.st/ko/stocks/us/utilities/nyse-ppl/ppl/news/979b7e98dac6d373/amp","title":"펜실베이니아 데이터센터 성장에 대응해 블랙스톤과 손잡은 PPL","title_en":"How investors may respond to PPL joining Blackstone for Pennsylvania data-center growth","excerpt":"PPL은 Blackstone Infrastructure와 펜실베이니아 가스복합발전소 합작투자를 발표했다.","excerpt_en":"PPL announced a joint venture with Blackstone Infrastructure for Pennsylvania combined-cycle generation."}]},{"direction":"revenue","counterparty":"PJM 인터커넥션","counterparty_slug":null,"confidence":"high","metric":{"type":"amount","unit":"USD","as_of":"2026-02-20","basis":"PJM이 PPL Electric에 송금한 송전 서비스 대금","value":null,"period":"FY2025 relationship","basis_en":"Transmission-service payments remitted by PJM to PPL Electric","qualifier":"confirmed_no_disclosed_value"},"note":"PPL Electric은 PJM 공개송전요금에 따라 송전 서비스를 제공해 매출을 인식한다. PJM은 이 송전 서비스 대금을 매주 PPL Electric에 송금한다.","note_en":"PPL Electric recognizes transmission revenue under the PJM Open Access Transmission Tariff. PJM remits payment for these transmission services weekly.","sources":[{"stance":"confirms","publisher":"미국 증권거래위원회","publisher_en":"U.S. Securities and Exchange Commission","kind":"filing","lang":"en","published_at":"2026-02-20","url":"https://www.sec.gov/Archives/edgar/data/922224/000092222426000008/ppl-20251231.htm","title":"PPL Corp 2025 Form 10-K","title_en":"PPL Corp 2025 Form 10-K","excerpt":"PJM은 송전 서비스 대금을 매주 송금한다.","excerpt_en":"PJM remits payment on a weekly basis."}]},{"direction":"cost","counterparty":"GE Vernova","counterparty_slug":"ge-vernova","confidence":"mid","metric":{"type":"capacity","unit":"MW","as_of":"2024-04-11","basis":"GE Vernova 장비를 사용하는 밀크릭 5호기의 예상 출력","value":645,"period":"planned 2027 completion","basis_en":"Expected output of Mill Creek Unit 5 using GE Vernova equipment","qualifier":"approximately"},"note":"PPL 계열 LG&E와 KU는 밀크릭 5호기에 들어갈 7HA.03 가스터빈, 증기터빈, 발전기와 열회수보일러를 GE Vernova에 발주했다. GE Vernova는 장기 모니터링과 운영 서비스도 제공한다.","note_en":"PPL subsidiaries LG&E and KU ordered a 7HA.03 gas turbine, steam turbine, generator and heat-recovery steam generator from GE Vernova for Mill Creek Unit 5. GE Vernova will also provide monitoring and operating services.","sources":[{"stance":"confirms","publisher":"GE Vernova","publisher_en":"GE Vernova","kind":"ir","lang":"en","published_at":"2024-04-11","url":"https://www.gevernova.com/news/press-releases/ge-vernova-advanced-technology-help-lge-and-ku-diversify-utilities-portfolio","title":"GE Vernova 첨단 기술, LG&E와 KU의 발전 포트폴리오 다변화 지원","title_en":"GE Vernova’s advanced technology to help LG&E and KU further diversify utilities’ portfolio","excerpt":"GE Vernova는 LG&E와 KU로부터 7HA.03 복합화력 발전설비를 수주했다.","excerpt_en":"GE Vernova secured an order for its 7HA.03 combined-cycle plant equipment from LG&E and KU."}]},{"direction":"revenue","counterparty":"PowerHouse Data Centers·Poe Companies 합작","counterparty_slug":null,"confidence":"mid","metric":{"type":"capacity","unit":"MW","as_of":"2025-01-16","basis":"PowerHouse·Poe 데이터센터 캠퍼스가 LG&E로부터 확보한 초기 전력 용량","value":335,"period":"initial campus capacity","basis_en":"Initial electric capacity secured from LG&E for the PowerHouse-Poe data-center campus","qualifier":null},"note":"PPL 자회사 LG&E는 이 합작사가 개발하는 루이빌 하이퍼스케일 데이터센터 캠퍼스를 첫 대형 데이터센터 전력 고객으로 발표했다. 캠퍼스는 초기 335MW 전력 용량을 확보했고 근시일 내 402MW까지 확대할 계획이다.","note_en":"PPL subsidiary LG&E identified this joint venture's Louisville hyperscale campus as its first major data-center electric customer. The campus secured 335 MW of initial capacity with near-term expansion planned to 402 MW.","sources":[{"stance":"confirms","publisher":"LG&E and KU","publisher_en":"LG&E and KU","kind":"ir","lang":"en","published_at":"2025-01-16","url":"https://lge-ku.com/newsroom/press-releases/2025/01/16/lge-announces-first-major-data-center-electric-customer","title":"LG&E, 첫 대형 데이터센터 전력 고객 발표","title_en":"LG&E announces first major data center electric customer","excerpt":"PowerHouse와 Poe 합작 캠퍼스는 초기 335MW 전력 용량을 확보했다.","excerpt_en":"PowerHouse and Poe have secured access to an initial power capacity of 335 megawatts."}]}]}