Acquisitions, Development and Divestitures |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Business Combination [Abstract] | |
| Mergers, Acquisitions and Dispositions Disclosures | 8. Acquisitions, Developments and Divestitures Developments (PPL) Joint Venture Agreement with Blackstone Infrastructure PPL and affiliates of Blackstone Infrastructure Advisors L.L.C. (Blackstone Infrastructure) have formed a joint venture, Invitium Energy, LLC (Invitium), to build, own and operate new electricity generation stations to power data centers in Pennsylvania under long-term energy supply services agreements (ESSAs) to address underlying resource adequacy and affordability concerns in Pennsylvania and the territory served by PJM Interconnection, L.L.C. more broadly. PPL owns 51% of Invitium and Blackstone Infrastructure owns 49%. Invitium is actively engaged with hyperscalers, landowners, natural gas pipeline companies and turbine manufacturers, and has secured multiple land parcels and placed deposits on future turbine purchases to enable the build of new generation. Construction of new generation stations is contingent on the execution of ESSAs with data center developers, including hyperscalers. No ESSAs with developers or hyperscalers have been signed as of the filing date of this Form 10-Q.
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