PPL

PPL Corporation to sell U.K. utility business to National Grid and acquire National Grid's Rhode Island utility, strategically repositioning PPL as a high-growth, U.S.-focused energy company

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木曜日, 3月 18, 2021
PPL Corporation, PPL, Narragansett, Economy of the United States, Energy in the United States, Energy

The strategic repositioning will transform PPL into a high-growth, purely U.S.-focused energy company with a strong balance sheet.

Key Points: 
  • The strategic repositioning will transform PPL into a high-growth, purely U.S.-focused energy company with a strong balance sheet.
  • Separately, PPL will acquire Narragansett Electric from National Grid in a transaction valued at $5.3 billion, including the assumption of approximately $1.5 billion of Narragansett Electric debt.
  • The company plans to use a portion of the proceeds from the sale of WPD to finance the acquisition.
  • "We believe these transactions, which follow our highly competitive U.K. sale process, represent wins for PPL, National Grid and the customers we serve," said Sorgi.

The Narragansett Electric Company to join PPL Corporation

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木曜日, 3月 18, 2021
Utilities, Energy, Narragansett Bay, PPL Corporation, Narragansett, PPL, Utility Workers Union of America, States of the United States, Native American tribes, Indigenous peoples of North America, Utilities, Energy, Narragansett Bay, PPL Corporation, Narragansett, PPL, Utility Workers Union of America, States of the United States, Native American tribes, Indigenous peoples of North America, National Grid, PPL

In parallel, with PPL wishing to expand its presence in the U.S., National Grid has agreed to PPL acquiring The Narragansett Electric Company, National Grids electric and gas business serving customers in Rhode Island, for an equity value of US$3.8 billion (2.7 billion).

Key Points: 
  • In parallel, with PPL wishing to expand its presence in the U.S., National Grid has agreed to PPL acquiring The Narragansett Electric Company, National Grids electric and gas business serving customers in Rhode Island, for an equity value of US$3.8 billion (2.7 billion).
  • Like Narragansett Electric, PPL is committed to providing safe and reliable service for customers, and PPL is consistently ranked among the best utilities in the regions in which it serves.
  • Narragansett Electric will be joining a team at PPL that remains safety-driven, locally focused, and committed to the communities we serve.
  • The majority of Narragansett Electrics employees will remain with Narragansett Electric as the company transfers ownership to PPL, including all the members of UWUA Local 310, UWUA Local 310B and USW Local 12431.

CGX Energy Inc. Announces Guyana Resource Evaluation Report

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火曜日, 2月 16, 2021
Countries, GUYANA, Americas, Continents, PPL, Berbice

Successful Rescheduling of Demerara Work Commitment

Key Points: 
  • The Company completed negotiations with the Government of Guyana on work commitments with respect to its PPL for the Demerara block in offshore Guyana.
  • The Berbice PPL is held by ON Energy Inc. CGX Energy has a 62% ownership interest in ON Energy Inc.
    CGX Energy is a Canadian-based oil and gas exploration company focused on the exploration of oil in the Guyana-Suriname Basin.
  • The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon.
  • Certain resource estimate volumes disclosed herein are arithmetic sums of multiple resource estimates, which statistical principles indicate may be misleading as to volumes that may actually be recovered.

PPL Corporation to conduct webcast on 2020 earnings results

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月曜日, 2月 1, 2021
PPL Corporation, PPL, Allentown, Pennsylvania, Cities in the United States, Economy of the United States, Geography of Pennsylvania

ALLENTOWN, Pa., Feb. 1, 2021 /PRNewswire/ --PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2020 earnings results on Thursday, Feb. 18.

Key Points: 
  • ALLENTOWN, Pa., Feb. 1, 2021 /PRNewswire/ --PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2020 earnings results on Thursday, Feb. 18.
  • The call will be webcast live, in audio format, along with slides of the presentation.
  • Headquartered in Allentown, Pennsylvania, PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector.
  • Note to Editors: Visit our media website at www.pplnewsroom.com for additional news about PPL Corporation.

PPL Corporation Continues to Earn Top Marks in 2021 Corporate Equality Index

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木曜日, 1月 28, 2021
PPL Corporation, PPL, Allentown, Pennsylvania, Corporate Equality Index, Human Rights Campaign, Cities in the United States, LGBT in the United States, Economy of the United States

ALLENTOWN, Pa., Jan. 28, 2021 /PRNewswire/ --For the fifth consecutive year, PPL Corporation has been named a Best Place to Work for LGBTQ equality on the Human Rights Campaign Foundation's 2021 Corporate Equality Index, a national benchmarking tool and report measuring corporate policies and practices related to LGBTQ workplace equality.

Key Points: 
  • ALLENTOWN, Pa., Jan. 28, 2021 /PRNewswire/ --For the fifth consecutive year, PPL Corporation has been named a Best Place to Work for LGBTQ equality on the Human Rights Campaign Foundation's 2021 Corporate Equality Index, a national benchmarking tool and report measuring corporate policies and practices related to LGBTQ workplace equality.
  • The results of the 2021 CEI are reflective of the inclusive work environment at PPL, including FUSE, its LGBTQ-focused employee business resource group.
  • Headquartered in Allentown, Pennsylvania, PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector.
  • Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.

PPL Appoints Craig A. Rogerson as Independent Board Chair

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月曜日, 1月 25, 2021
Articles, Corporate law, Business, PPL Corporation, PPL, Rogerson, Allentown, Pennsylvania, Corporate governance, Board of directors

ALLENTOWN, Pa., Jan. 25, 2021 /PRNewswire/ --The board of directors of PPL Corporation (NYSE: PPL) has appointed director Craig A. Rogerson to serve as independent board chair effective March 1, 2021.

Key Points: 
  • ALLENTOWN, Pa., Jan. 25, 2021 /PRNewswire/ --The board of directors of PPL Corporation (NYSE: PPL) has appointed director Craig A. Rogerson to serve as independent board chair effective March 1, 2021.
  • "Craig has been a strong, engaged and independent voice on PPL's board for more than a decade, having served with four different CEOs during that time," said Spence.
  • He is an excellent choice for independent chair and will provide outstanding leadership and continuity for PPL as he assumes his new role."
  • Rogerson's appointment reflects PPL's continued commitment to strong corporate governance and independent oversight by a diverse, engaged board.

PPL General Counsel to Retire June 1, 2021

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火曜日, 12月 1, 2020
PPL Corporation, PPL, Allentown, Pennsylvania, Economy of the United States, Cities in the United States, Geography of Pennsylvania

ALLENTOWN, Pa., Dec. 1, 2020 /PRNewswire/ --PPL Corporation (NYSE: PPL) announced today that Joanne H. Raphael, executive vice president, general counsel and corporate secretary, plans to retire on June 1, 2021, after a 35-year career with the company.

Key Points: 
  • ALLENTOWN, Pa., Dec. 1, 2020 /PRNewswire/ --PPL Corporation (NYSE: PPL) announced today that Joanne H. Raphael, executive vice president, general counsel and corporate secretary, plans to retire on June 1, 2021, after a 35-year career with the company.
  • "Throughout her distinguished career, Joanne has consistently provided exceptional leadership and counsel, expertly guiding legal, policy and communications strategies as PPL has grown and our industry has changed.
  • Raphael has served as PPL's general counsel and corporate secretary since June 1, 2015.
  • Headquartered in Allentown, Pa, PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector.

PPL Corporation to Conduct Webcast on Third-Quarter 2020 Earnings Results

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木曜日, 10月 22, 2020
PPL Corporation, PPL, Allentown, Pennsylvania, New York Stock Exchange, Cities in the United States, Geography of Pennsylvania, Economy of the United States

ALLENTOWN, Pa., Oct. 22, 2020 /PRNewswire/ --PPL Corporation (NYSE: PPL) will release consolidated third-quarter 2020 earnings results on Thursday, Nov. 5.

Key Points: 
  • ALLENTOWN, Pa., Oct. 22, 2020 /PRNewswire/ --PPL Corporation (NYSE: PPL) will release consolidated third-quarter 2020 earnings results on Thursday, Nov. 5.
  • The call will be webcast live, in audio format, along with slides of the presentation.
  • Headquartered in Allentown, Pennsylvania, PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector.
  • Note to Editors: Visit our media website at www.pplnewsroom.com for additional news about PPL Corporation.

PPL Corporation adds former Southern Company CFO to its Board of Directors

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木曜日, 10月 1, 2020
PPL Corporation, PPL, Allentown, Pennsylvania, Geography of Pennsylvania, Cities in the United States, Economy of the United States

"Art brings to the board a wealth of knowledge and experience in regulated utilities, financial planning and reporting, enterprise risk management, and mergers and acquisitions," said PPL Board Chair William H. Spence.

Key Points: 
  • "Art brings to the board a wealth of knowledge and experience in regulated utilities, financial planning and reporting, enterprise risk management, and mergers and acquisitions," said PPL Board Chair William H. Spence.
  • "His skills and insight will complement well the strengths of our diverse and experienced board as we best position PPL for long-term growth and success."
  • Headquartered in Allentown, Pennsylvania, PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector.
  • Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.