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.
PPL Corporation (NYSE: PPL) is a U.S. energy company based in Allentown, Pennsylvania, focused on providing electricity and natural gas safely, reliably and affordably to more than 3.6 million customers in the United States. The PPL news feed on Stock Titan aggregates company announcements, utility subsidiary updates and regulatory developments that shape the outlook for this regulated utility group.
Investors following PPL news will see regular disclosures on earnings, capital investment plans and financing activities. For example, PPL reports quarterly and year-to-date financial results, discusses earnings from ongoing operations and provides updated earnings forecasts and growth targets. News items also cover decisions by state regulators in Pennsylvania, Kentucky and Rhode Island on rate cases, certificates of public convenience and necessity and cost recovery mechanisms that affect PPL’s revenue and investment profile.
PPL’s subsidiaries generate frequent headlines of their own. LG&E and KU in Kentucky announce approvals for new natural gas combined-cycle generation units, environmental upgrades at existing plants and agreements with stakeholders on base rate adjustments that support system hardening and reliability improvements. PPL Electric Utilities in Pennsylvania issues news on grid modernization investments, distribution rate filings and initiatives to strengthen infrastructure and customer service.
Capital markets and corporate finance updates are another key theme in PPL-related news. Recent releases describe PPL Capital Funding’s issuance and pricing of exchangeable senior notes guaranteed by PPL Corporation, as well as the company’s use of forward equity agreements to raise capital. Together, these stories provide insight into how PPL funds its long-term, capital-intensive utility operations.
By reviewing the PPL news page, readers can track how regulatory decisions, infrastructure projects, financing transactions and strategic technology initiatives contribute to PPL’s stated goal of building smarter, more resilient and more dynamic power grids. Frequent updates make this page a useful reference for understanding ongoing developments across PPL’s multi-state utility operations.
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.
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.
PPL Corporation (NYSE: PPL) will announce its consolidated second-quarter 2021 earnings on Thursday, Aug. 5. The company's CEO, Vincent Sorgi, along with the executive team, will discuss the financial results and outlook in a conference call at 11 a.m. Eastern Time. Interested parties can access the live webcast and presentation slides via PPL's investor website. A replay will be available for 90 days post-call. PPL serves over 2.5 million customers with a focus on reliable and sustainable energy solutions.
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PPL Capital Funding, a subsidiary of PPL Corporation (NYSE: PPL), announced pricing terms for its tender offers to purchase outstanding debt securities. The tender includes any and all of its Senior Notes due in 2022, 2023, and 2024, as well as specific maximum tender offer notes due in 2043, 2044, 2047, 2030, and 2026. The offers were announced on June 29, 2021, with the early tender date being June 28, 2021. Securities accepted will receive a total consideration based on reference yields plus fixed spreads, which includes an early tender premium of $30 per $1,000 principal amount.
PPL Capital Funding, Inc. announced early results of its tender offers for its outstanding Senior Notes, increasing the maximum purchase price from $1 billion to accommodate all validly tendered notes. A total of $2.29 billion in securities was tendered by the June 28, 2021 deadline. Key securities include the 4.200% Senior Notes due 2022, with $117.21 million tendered, and the 4.125% Senior Notes due 2030, with $568.88 million tendered. Payment for accepted securities is planned for June 30, 2021, with an early tender premium of $30 per $1,000 principal. The final total consideration will be determined on June 29, 2021.
PPL Capital Funding, Inc. has extended the deadlines for its tender offers to purchase outstanding debt securities due to regulatory requirements and the recent Juneteenth holiday. The Early Tender Date and Withdrawal Deadline are now set for June 28, 2021, while the Expiration Date is July 13, 2021. The tender offers include a maximum purchase price of $1 billion for selected notes due in 2043, 2044, 2047, 2030, and 2026. The company aims to maintain compliance with the minimum tender offer periods as mandated by securities regulations.
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