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PPL - PPL STOCK NEWS

Welcome to our dedicated page for PPL news (Ticker: PPL), a resource for investors and traders seeking the latest updates and insights on PPL stock.

Overview of PPL Corporation

PPL Corporation (NYSE: PPL) is a significant U.S. energy company recognized for its regulated utility operations that deliver electricity and natural gas safely, reliably, and affordably to millions of customers across multiple states. Operating within the energy sector, PPL combines decades of expertise in managing essential energy infrastructure with forward-thinking research and development initiatives aimed at grid modernization and sustainable technology solutions. Key industry terms such as electricity delivery, regulated utilities, and energy infrastructure underline the company’s commitment to operational excellence and innovation.

Regulated Utility Operations

PPL Corporation functions as a holding company for multiple regulated utilities strategically located in Pennsylvania, Kentucky, and Rhode Island. Each segment plays a pivotal role in providing essential energy services:

  • Pennsylvania Regulated Segment: Focuses on the reliable distribution and transmission of electricity in central and eastern regions, ensuring consistent service quality and infrastructure resilience.
  • Kentucky Regulated Segment: Comprising integrated operations from Louisville Gas and Electric and Kentucky Utilities, this segment manages electricity generation, transmission, and delivery, while also providing natural gas services to a diverse customer base.
  • Rhode Island Regulated Segment: Offers comprehensive electric and gas services, supporting the local communities with a focus on reliability and customer-centric operations.
These operational segments enable PPL Corporation to uphold high service standards while addressing varied regional energy needs.
Rhea-AI Summary

PPL Corporation (NYSE:PPL) announced its participation in the Electric Highway Coalition, a group of 17 U.S. utilities aimed at enhancing electric vehicle (EV) charging infrastructure across major highways. Through this collaboration, PPL's subsidiaries, including Louisville Gas and Electric and PPL Electric Utilities, will work towards deploying fast charging stations for long-distance EV travel. The company aims for net-zero emissions by 2050 and has set interim targets for reducing CO2 emissions. This initiative aligns with the industry's commitment to support EV infrastructure and addresses the projected growth of EVs on U.S. roads.

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PPL Corporation has acquired an ownership stake in the SOO Green HVDC Link project, an underground transmission line designed to transport 2,100 MW of renewable energy from the upper Midwest to eastern markets. This $2.5 billion initiative, set to begin construction in 2023, utilizes advanced technology to enhance grid reliability without costs to ratepayers. The collaboration aims to support the development of a national clean energy grid by addressing barriers to interregional transmission. PPL's expertise is expected to drive the project's success in meeting U.S. renewable energy goals.

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PPL Corporation (NYSE: PPL) has received unanimous approval from the Federal Energy Regulatory Commission (FERC) to acquire The Narragansett Electric Company from National Grid. This marks the fourth of five necessary regulatory approvals for the transaction, with the final approval pending from the Rhode Island Division of Public Utilities and Carriers. PPL anticipates completing the acquisition by March 2022, which is expected to enhance service delivery and support Rhode Island's decarbonization goals.

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Landis+Gyr Technology has inked a five-year contract with Louisville Gas and Electric and Kentucky Utilities to implement advanced metering and smart grid infrastructure. This deal includes 930,000 electricity meters and 300,000 gas modules, along with necessary network equipment and software. The technology aims to enhance service reliability and enable customers to better manage energy use. The project, approved by the Kentucky Public Service Commission, highlights Landis+Gyr's role in modernizing Kentucky's energy system, offering a comprehensive IoT network for energy distribution.

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PPL Electric Utilities has announced an agreement that, pending approval by the Federal Energy Regulatory Commission, aims to lower transmission rates and customer bills. The base return on equity will decrease from 11.18% to 9.9%, resulting in savings of approximately $1.54 for residential customers and $2.15 for business customers each month over a 12-month period, effective Dec. 1, 2021. PPL Electric serves over 1.4 million customers in Pennsylvania and is recognized for its reliability and customer service.

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PPL Corporation (NYSE: PPL) announced the retirement of Paul W. Thompson, CEO of LG&E and KU Energy, effective January 1, 2022. John R. Crockett III will succeed him on October 1, 2021, transitioning from his role as general counsel. Both companies provide electricity and natural gas to over 1.3 million customers in Kentucky and Virginia. The transition aims to maintain high customer satisfaction and grid resilience.

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PPL Corporation (NYSE: PPL) is expanding its commitment to clean energy by joining Energy Impact Partners' global investment platform, pledging up to $50 million. This investment aims to enhance innovation for a sustainable energy future. The collaboration will focus on advancing technologies essential for achieving net-zero emissions while maintaining energy reliability. Additionally, PPL's partnership supports the Elevate Future Fund, which promotes diversity and inclusion in energy transition efforts. PPL also committed $275 million to diverse suppliers in 2020.

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PPL Capital Funding, a subsidiary of PPL Corporation (NYSE: PPL), announced the expiration of its tender offers for various Senior Notes and related debt securities. The offers ended on July 13, 2021, with PPL accepting $1,961,603,000 of validly tendered securities. The company redeemed remaining outstanding notes on July 15, 2021. This action enhances PPL's capital management strategy by effectively managing its debt. J.P. Morgan, Barclays, and Morgan Stanley acted as lead dealer managers, while D.F. King & Co. served as the information agent.

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FAQ

What is the current stock price of PPL (PPL)?

The current stock price of PPL (PPL) is $36.06 as of April 1, 2025.

What is the market cap of PPL (PPL)?

The market cap of PPL (PPL) is approximately 26.6B.

What core services does PPL Corporation provide?

PPL Corporation provides essential energy services, including electricity and natural gas distribution, via its regulated utility subsidiaries across Pennsylvania, Kentucky, and Rhode Island.

How does PPL Corporation generate its revenue?

The company earns revenue primarily through regulated utility operations, which are designed to offer reliable energy services under established rate structures within its service territories.

What are the main business segments of PPL Corporation?

PPL Corporation's operations are divided into key segments: the Pennsylvania Regulated Segment, the Kentucky Regulated Segment led by Louisville Gas and Electric and Kentucky Utilities, and the Rhode Island Regulated Segment.

How is PPL Corporation positioned within the energy industry?

As a holding company for regulated utilities, PPL Corporation is a major player in ensuring safe and reliable energy delivery, while continuously investing in infrastructure improvements and advanced technological research.

What initiatives has PPL Corporation undertaken to modernize its grid?

PPL has invested considerably in smart grid technologies, grid hardening, and other infrastructure enhancements to improve resilience and operational efficiency across its utility networks.

How does PPL address customer service and community engagement?

The company is known for its commitment to high service standards, reliable energy delivery, and active community engagement that includes support for local initiatives and charitable programs.

What role does innovation play in PPL Corporation's strategy?

Innovation is central to the company’s strategy, demonstrated by its investment in research and development projects such as carbon capture research and nuclear feasibility studies to enhance sustainability and reliability.

How does PPL manage regulatory and market challenges?

PPL Corporation navigates regulatory and market challenges by leveraging its regulated business model, ensuring compliance with industry standards, and continuously adapting its infrastructure to meet evolving energy demands.
PPL

NYSE:PPL

PPL Rankings

PPL Stock Data

26.57B
736.97M
0.09%
79.68%
2.85%
Utilities - Regulated Electric
Electric Services
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United States
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