PPL Corp's second-quarter 2017 reported earnings were $292 million, or 43 cents per share, a decrease from second-quarter 2016 reported earnings of $483 million, or 71 cents per share.

Reported earnings for the first six months of 2017 were $695 million, or $1.01 per share, a decrease from $964 million, or $1.41 per share, for the first six months of 2016.Adjusting for special items, second-quarter 2017 earnings from ongoing operations were $356 million, or 52 cents per share, compared with $380 million, or 56 cents per share, a year ago. This decrease was driven primarily by expected lower foreign currency exchange rates.Earnings from ongoing operations for the first six months of 2017 were $781 million, or $1.14 per share, compared with $838 million, or $1.23 per share, for the first six months of 2016.This decrease was driven primarily by expected lower foreign currency exchange rates and unfavorable weather in Kentucky, partially offset by an April 1, 2016, price increase in the United Kingdom.The company's forecast range for 2017 reported earnings is $1.92 to $2.12 per share. The forecast for earnings from ongoing operations is $2.05 to $2.25 per share, with a midpoint of $2.15 per share.PPL remained on pace to invest more than $1 billion in 2017 on infrastructure improvements in the U.K., Kentucky and Pennsylvania. These improvements include Louisville Gas and Electric Co., completing a 540-mile, 20-year gas-main replacement project to strengthen the safety and reliability of gas service in Louisville.