Latest PPL Corporation Stories
ALLENTOWN, Pa., May 5, 2011 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (5/5) announced reported first-quarter earnings of $401 million, or $0.82 per share, up from $250 million, or $0.66 per share, a year ago. Adjusting for special items, PPL's earnings from ongoing operations for the quarter were $407 million, or $0.84 per share, compared with $357 million, or $0.94 per share, a year ago. The increase in first-quarter reported earnings and earnings from ongoing operations...
ALLENTOWN, Pa., April 28, 2011 /PRNewswire/ -- PPL Corporation (NYSE: PPL) plans to release its consolidated first-quarter 2011 earnings results before the stock market opens Thursday, May 5. James H. Miller, PPL chairman, president and chief executive officer, and other members of PPL's executive management team will discuss these results and the company's general business outlook during a conference call with financial analysts at 9 a.m. EDT that day. The call will be available online...
LONDON, April 15, 2011 /PRNewswire/ -- PPL WEM Holdings plc ("PPL WEM") today announced that sometime next week it intends to offer up to $960 million aggregate principal amount of senior notes, consisting of senior notes due 2016 and senior notes due 2021. The use of proceeds for the offering is partial repayment of the bridge loan incurred in connection with PPL Corporation's recent acquisition of Western Power Distribution (East Midlands) plc (formerly known as Central Networks East plc)...
ALLENTOWN, Pa., April 15, 2011 /PRNewswire/ -- PPL Corporation (NYSE: PPL) Friday (4/15) announced the settlement of its concurrent offerings of common stock and Equity Units. The net proceeds, totaling approximately $3.2 billion, will be used primarily to repay a portion of the 3.6 billion pounds Sterling Bridge Term Loan Facility used to fund PPL's recently completed 4.1 billion pounds acquisition of the Central Networks electricity distribution business in the United Kingdom. PPL issued...
ALLENTOWN, Pa., April 11, 2011 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Monday (4/11) announced that it has priced its concurrent offerings of common stock and equity units. Proceeds of the offerings will be used primarily to repay a portion of the 3.6 billion pounds Sterling Bridge Term Loan Facility used to fund PPL's recently completed 4.1 billion pound acquisition of the Central Networks electricity distribution businesses in the United Kingdom. PPL has priced 80 million shares of...
BERWICK, Pa., April 5, 2011 /PRNewswire/ -- Operators at the Susquehanna nuclear plant near Berwick, Pa., safely shut down the Unit 2 reactor on Tuesday (4/5) to begin a planned refueling and maintenance outage. Since its last refueling outage in 2009, Unit 2 has safely and reliably generated about 19,355,000 megawatt-hours of electricity -- enough to power about 1 million homes. "The Susquehanna plant has an excellent operating record because of a dedicated, well-trained work force and...
ALLENTOWN, Pa., April 1, 2011 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Friday (4/1) completed its previously announced acquisition of the Central Networks electricity distribution business, the second-largest such business in the United Kingdom. PPL, through a U.K. subsidiary, acquired Central Networks from E.ON UK plc for 3.6 billion pounds Sterling ($5.7 billion) in cash, inclusive of certain permitted pre-closing adjustments, and 500 million pounds ($800 million) of existing public...
ALLENTOWN, Pa., March 21, 2011 /PRNewswire/ -- It's only the first quarter of 2011, but PPL Corporation (NYSE: PPL) is getting ready for the continued evolution in regulatory oversight in 2015 in the United Kingdom for its expanded electricity delivery operations, one that emphasizes a low-carbon sustainable energy sector and strong customer engagement. In mid-March, Ofgem, the U.K.'s Office of Generation and Electricity Markets, announced its views regarding the new performance-based RIIO...
ALLENTOWN, Pa., March 9, 2011 /PRNewswire/ -- PPL Corporation (NYSE: PPL) said Wednesday (3/9) it has completed the previously announced sale of its interests in certain non-core generating stations to an affiliate of LS Power Equity Advisors for approximately $381 million in cash. The transaction includes the 244-megawatt PPL Wallingford Energy plant, a natural gas-fired facility located in the Town of Wallingford, Conn.; the 585-megawatt PPL University Park plant, a natural gas-fired...
ALLENTOWN, Pa., March 8, 2011 /PRNewswire/ -- PPL Electric Utilities plans more than $450 million in capital investments this year in its transmission and distribution system to improve reliability, strengthen its aging infrastructure, and upgrade facilities in certain areas due to increased demand. The investments also include facilities to serve new customers and technology upgrades to support improved electric operations and customer service. The funding for capital improvements this...
