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.
Rhea-AI Summary
PPL reported first-quarter 2024 earnings with a GAAP EPS of $0.42 and ongoing EPS of $0.54, showing a 12.5% increase from 2023. The company reaffirmed its 2024 earnings forecast range of $1.63 to $1.75 per share. PPL plans $3 billion in infrastructure improvements in 2024, aiming for $14.3 billion by 2027. The company expects 6-8% annual earnings and dividend growth through 2027.
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PPL 's 2023 Sustainability Report showcases the company's commitment to delivering safe, reliable, affordable, and sustainable energy to customers while creating long-term value for shareholders. The report highlights achievements in reliability, infrastructure improvements, cost savings, clean energy transition, research projects, community engagement, and ethical stewardship.
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PPL will conduct a webcast on its first-quarter 2024 earnings results, led by Vincent Sorgi, the president, and CEO. The webcast will be on May 1, with a live conference call discussing the company's performance and outlook. Interested individuals can access the webcast link or join the call via telephone. PPL is a leading U.S. energy company providing electricity and natural gas to over 3.5 million customers.
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PPL 's subsidiary, Rhode Island Energy, receives approval for $326 million in spending to enhance safety and reliability of electric and gas networks in Rhode Island. The investment aims to support clean energy transition and improve customer service.
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Landis+Gyr and Rhode Island Energy have agreed to deploy advanced smart metering technology for 530,000 electric customers. The agreement includes installation of Gridstream® Connect AMI network and Revelo® smart sensing meters for grid modernization and improved efficiency. The deployment aims to support electrification of transportation and integration of renewable energy resources, with advanced grid-edge processing for consumer engagement.
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PPL Corporation appoints Greg Cornett, a 25-year utility industry veteran, as the new president of Rhode Island Energy, while promoting Alan LaBarre to Chief Operating Officer. The company aims for a seamless transition to PPL systems and processes by mid-2024.
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PPL Corporation (NYSE: PPL) announces strong financial performance in 2023, with reported earnings of $1.00 per share, exceeding earnings forecast. The company extends growth targets through 2027, increases capital plan to over $14 billion, and raises quarterly common stock dividend by 7.3%.
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PPL Corporation appoints Dean A. Del Vecchio as Executive Vice President and Chief Technology and Innovation Officer, emphasizing a focus on technology-enabled utilities of the future. Del Vecchio's extensive experience in digital transformation and cybersecurity positions him to drive innovation and improve outcomes for stakeholders.
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PPL Corporation (NYSE: PPL) has been awarded a $72 million grant by the U.S. Department of Energy for a carbon dioxide capture research and development project, expected to cost over $100 million. The project, developed in partnership with the University of Kentucky, aims to achieve net-zero carbon emissions by 2050.
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PPL Corporation (NYSE: PPL) will hold its 2024 Annual Meeting of Shareowners virtually on May 15, 2024, at 9 a.m. Eastern time. Shareowners of record as of Feb. 28, 2024, can vote and participate. Proxy materials will include instructions on how to join the meeting.
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FAQ
What is the current stock price of PPL (PPL)?
The current stock price of PPL (PPL) is $35.28 as of April 16, 2025.
What is the market cap of PPL (PPL)?
The market cap of PPL (PPL) is approximately 26.3B.
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
26.29B
738.05M
0.09%
79.68%
2.85%
Utilities - Regulated Electric
Electric Services
United States
ALLENTOWN