Latest PPL Corp. Stories
LONDON, February 28, 2013 /PRNewswire/ -- An unusually warm winter in the U.S. in 2012 had a negative impact on electricity and gas demand, which in turn hit the bottom-line of most U.S. utilities. Electric utilities such as PPL Corporation (NYSE: PPL), Pepco Holdings Inc. (NYSE: POM), Xcel Energy Inc. (NYSE: XEL) and PG&E Corporation (NYSE: PCG) will be hoping for a more normal winter this year. Utilities was one of the worst performing sectors in 2012, after posting...
ALLENTOWN, Pa., March 11 /PRNewswire-FirstCall/ -- PPL Corp. (NYSE: PPL) announced Wednesday (3/11) that it has named a 25-year information technology veteran as vice president-chief information officer. James E. Schinski, currently chief information officer and vice president of Human Resources for Midwest Independent Transmission System Operator, will take over his new role at PPL on March 30. He will replace Edward T. Novak, who is retiring after five years in the vice president and...
PPL Electric Utilities customers now are looking at a 36.1 percent rate hike in 2010, when rate caps expire. The company gave the updated rate forecast Wednesday after completing the fourth of six purchases of power that it will deliver in 2010 and beyond. PPL has warned since mid-2006 that rates will rise when the caps expire, but their estimate has climbed. Initially, PPL had projected a 20 to 30 percent jump. In other company news, PPL's owner, PPL Corp., said Wednesday it has finished...
By Tim Mekeel PPL Corp. keeps propping open the window of opportunity to build a new nuclear plant. The firm has started to apply to the U.S. Department of Energy for a federal loan guarantee, which the company would use to secure financing for plant construction. PPL said Monday it will submit the second part of the application by the Dec. 19 deadline. At the same time, PPL said it's preparing its application to the U.S. Nuclear Regulatory Commission for a license to build and operate...
VIENNA, Va., Sept. 4 /PRNewswire/ -- Investor-owned power and gas companies spent more than $80 billion on capital investments in 2007, and at least $200 billion from 2005 through 2007, according to a report in the September issue of Public Utilities Fortnightly magazine (http://www.fortnightly.com/). The fourth annual Fortnightly 40 report -- published by Public Utilities Fortnightly and sponsored by Accenture -- ranks the three-year shareholder value performance of U.S. investor-owned...
By David Falchek, The Times-Tribune, Scranton, Pa. Jun. 18--About 60 citizens attended a PPL Corp. open house in Scranton on Tuesday to learn more about the company's plan to build an electric transmission line linking its nuclear power outside of Berwick to the New Jersey border. When selecting the three proposed routes, PPL officials sought to use its existing transmission lines and right-of-ways where possible. The line could be as long as 100 miles and cost between $300 million and...
By Tom Pelton, The Baltimore Sun Jun. 15--HOLTWOOD, Pa. -- The century-old dam on the Susquehanna River doesn't look like an energy source of the future. Weeds sprout out of cracks in the weathered Holtwood Hydroelectric Dam, 12 miles upriver from Maryland. Inside the generating building, antique brass volt meters look like something from Dr. Frankenstein's lab. Water snakes slither across the floor. Despite the decrepit appearance, a Pennsylvania power company is planning to spend $350...
NEW YORK (Reuters) - Power company PPL Corp. on Friday said several state and federal agencies are considering environmental damage claims due to a leak at a Pennsylvania power plant. The company also cut its estimate for reported earnings in 2005 due to a third-quarter charge from clean-up operations from the leak. In August, about 100 million gallons of ash and water poured out of an ash basin at its Martins Creek power plant into the Delaware River and on to surrounding roadways...
NEW YORK (Reuters) - Power company PPL Corp. on Friday said several state and federal agencies are considering environmental damage claims due to a leak at a Pennsylvania power plant. The company also cut its estimate for reported earnings in 2005 due to a third-quarter charge from clean-up operations from the leak. In August, about 100 million gallons of ash and water poured out of an ash basin at its Martins Creek power plant into the Delaware River and on to surrounding roadways...
