Vincent Sorgi

Vincent Sorgi became President and CEO of PPL Corporation in 2020 and has executed a strategic reshaping of the company. His most significant moves were the sale of PPL's UK utility subsidiary Western Power Distribution to National Grid for $10.4 billion and the subsequent acquisition of Narragansett Electric in Rhode Island from National Grid. These transactions transformed PPL from an international utility conglomerate into a pure-play U.S. regulated utility. PPL now operates regulated electric and natural gas utilities serving approximately 3.5 million customers across Pennsylvania (PPL Electric Utilities), Kentucky (Louisville Gas and Electric, Kentucky Utilities), Virginia, and Rhode Island (Rhode Island Energy). The company's regulated business model provides highly predictable earnings and cash flows — regulators set allowed rates of return, and PPL invests in grid infrastructure to earn those returns. Sorgi's PPL is particularly well-positioned for the emerging "electrification supercycle" driven by data center development, electric vehicle adoption, and industrial reshoring. PPL's Pennsylvania and Virginia service territories are in the heart of the U.S. data center corridor, with massive new facilities being planned that will significantly increase electricity demand. Key stock drivers include rate case outcomes, data center load growth, infrastructure investment rate base growth, interest rate impact on utility valuations, and regulatory relationships across PPL's four-state operating territory.