PPL Corporation

PPL Corporation names Greg Cornett president of Rhode Island Energy

Retrieved on: 
Wednesday, February 21, 2024
National Grid, RIE, Natural gas, Growth, Public utility, PPL Corporation, PPL, Associate, The Electric Company, Electricity, Private law, Management

ALLENTOWN, Pa., Feb. 21, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced 25-year utility industry veteran Greg Cornett has been named president of Rhode Island Energy (RIE). Effective March 4, Cornett will succeed Dave Bonenberger, who is moving into a new role as PPL Senior Vice President and Chief Operating Officer – Utilities.    

Key Points: 
  • Cornett, a 25-year utility industry veteran, will succeed Dave Bonenberger March 4
    ALLENTOWN, Pa., Feb. 21, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced 25-year utility industry veteran Greg Cornett has been named president of Rhode Island Energy (RIE).
  • "I'm honored to lead Rhode Island Energy and excited to engage with a wide variety of stakeholders to secure a sustainable energy future for our customers," said Cornett.
  • "Rhode Island Energy is uniquely situated to help the state meet its energy and climate goals in a way that preserves energy affordability and enhances reliability for customers.
  • The utility provides essential energy services to more than 770,000 customers across Rhode Island through the delivery of electricity or natural gas.

PPL Corporation Appoints Dean A. Del Vecchio to New Chief Technology and Innovation Officer Role as Company Focuses on Creating the Utilities of the Future

Retrieved on: 
Wednesday, February 14, 2024
Artificial intelligence, Quality of life, News, News Corp, PPL Corporation, PPL, Business administration, Villanova University, Automation, Amazon, CIO, Master of Business Administration, Dow Jones, Life insurance, McKinsey & Company, Management

ALLENTOWN, Pa., Feb. 14, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that Dean A. Del Vecchio has been elected Executive Vice President and Chief Technology and Innovation Officer, a new position that reflects PPL's strong focus on creating technology-enabled utilities of the future.

Key Points: 
  • ALLENTOWN, Pa., Feb. 14, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that Dean A. Del Vecchio has been elected Executive Vice President and Chief Technology and Innovation Officer, a new position that reflects PPL's strong focus on creating technology-enabled utilities of the future.
  • Del Vecchio will report directly to PPL President and Chief Executive Officer Vincent Sorgi.
  • "Today's appointment of Dean comes at a pivotal time for our industry and the world," said Sorgi.
  • In addition to the CIO role, Del Vecchio served as the company's Chief Administrative Officer, creating a vision and plan to improve administrative service, delivery and processes.

PPL Corporation to conduct webcast on 2023 earnings results

Retrieved on: 
Wednesday, January 31, 2024
Telephone, PPL Corporation, PPL, Broadcasting

ALLENTOWN, Pa., Jan. 31, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2023 earnings results on Friday, Feb. 16.

Key Points: 
  • ALLENTOWN, Pa., Jan. 31, 2024 /PRNewswire/ -- PPL Corporation (NYSE: PPL) will release consolidated fourth-quarter and year-end 2023 earnings results on Friday, Feb. 16.
  • The call will be webcast live, in audio format, along with slides of the presentation.
  • Interested individuals can access the webcast link at www.pplweb.com/investors under "Events and Presentations" or access the live conference call via telephone at 1-844-512-2926. International participants should call  1-412-317-6300.
  • For those who are unable to listen to the live webcast, a replay with slides will be accessible at www.pplweb.com/investors for 90 days after the call.

PPL Corporation announces agreement with Talen Energy to resolve litigation related to Talen Montana

Retrieved on: 
Friday, December 22, 2023
Talen Energy, Bankruptcy, PPL, Sorgi, Talen, Sale, PPL Corporation

ALLENTOWN, Pa., Dec. 22, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that it has entered into a settlement agreement with Talen Energy Corporation and certain affiliates ("Talen") to resolve all claims made by Talen arising out of the June 2015 spinoff of PPL Energy Supply, which was renamed Talen.

Key Points: 
  • ALLENTOWN, Pa., Dec. 22, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) today announced that it has entered into a settlement agreement with Talen Energy Corporation and certain affiliates ("Talen") to resolve all claims made by Talen arising out of the June 2015 spinoff of PPL Energy Supply, which was renamed Talen.
  • Under the terms of the agreement, PPL will pay Talen $115 million, resolving all claims between the parties.
  • PPL Montana is now Talen Montana.
  • "Since this litigation was initiated by Talen, we have maintained our position that PPL acted appropriately with regard to the sale of the Montana hydro assets and that the separation agreement governing the spinoff of PPL Energy Supply entitled PPL to retain the proceeds from the transaction," said PPL President and Chief Executive Officer Vincent Sorgi.

Talen Energy Announces Settlement Agreement with PPL Related to Past Legal Claims

Retrieved on: 
Friday, December 22, 2023
Talen Energy, PPL, Public expenditure, Talen, Sale, PPL Corporation, Communication

HOUSTON, Dec. 22, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or the "Company") (OTCQX: TLNE) today reported that the Company and certain subsidiaries have reached a settlement of litigation with PPL Corporation ("PPL") related to a distribution of proceeds from the 2014 sale of hydroelectric facilities in Montana.

Key Points: 
  • HOUSTON, Dec. 22, 2023 /PRNewswire/ -- Talen Energy Corporation ("Talen" or the "Company") (OTCQX: TLNE) today reported that the Company and certain subsidiaries have reached a settlement of litigation with PPL Corporation ("PPL") related to a distribution of proceeds from the 2014 sale of hydroelectric facilities in Montana.
  • Under the terms of the settlement agreement, which has been approved by each company's Board of Directors, PPL will pay Talen Montana $115 million in cash on or before December 31, 2023, in exchange for a full release of all claims.
  • The remaining proceeds will be used by Talen Montana to secure environmental and other obligations, and for general corporate purposes.
  • Importantly, as part of the agreement, Talen and PPL have agreed to reset our relationship.

PPL's employee giving campaign generates more than $8 million for community support

Retrieved on: 
Thursday, December 21, 2023
The Electric Company, Work, Safety, PPL Corporation, Partnership, Power (physics), Organization, Health, PPL

ALLENTOWN, Pa., Dec. 21, 2023 /PRNewswire/ -- PPL's employees and retirees, combined with matching contributions from its affiliated foundations, have pledged more than $8 million during PPL's annual employee-led charitable giving campaign that took place this fall. This year's record-setting contributions, in partnership with United Way, will support nearly 500 local nonprofit organizations in Pennsylvania, Rhode Island, Kentucky and Virginia. 

Key Points: 
  • This year's record-setting contributions, in partnership with United Way, will support nearly 500 local nonprofit organizations in Pennsylvania, Rhode Island, Kentucky and Virginia.
  • The amount raised this year, breaking last year's record, was generated through the United Way campaign in Pennsylvania and Rhode Island and the Power of One campaign in Kentucky.
  • The campaigns support organizations in areas where employees live and work and communities served by PPL and its subsidiaries.
  • Visit pplweb.com to learn more about the company's ongoing support, philanthropic contributions and employee volunteerism.

WIRES Announces 2024 Officers and Board of Directors

Retrieved on: 
Tuesday, December 5, 2023
PSEG, Associate, GETS, Research, DLR, Regulation, American Electric Power, PPL Corporation, Public Service Enterprise Group, PJM, Weather, WIRES, FERC, Work, Burbure, DOE, AEP, Face, TFR, Electric power, Renewable energy, Public utility, Policy

WASHINGTON, Dec. 5, 2023 /PRNewswire/ -- WIRES, the transmission trade association that promotes investment in all aspects of the high-voltage grid, announced today its 2024 leadership team, with Jodi Moskowitz, Deputy General Counsel & RTO Strategy Officer at Public Service Enterprise Group (PSEG), elected as the new WIRES President. 

Key Points: 
  • I want to thank the WIRES 2023 Officers and Board of Directors for their tireless work, and I look forward to working closely with Jodi Moskowitz, the incoming WIRES president, and the entire 2024 leadership team."
  • WIRES' current president, Stacey Burbure will join the WIRES Board of Directors in 2024.
  • Current directors, Brian Gemmell and Dave Weaver have been elected to a second, two-year board term.
  • The WIRES Tech Talks webinar series features WIRES' rapidly growing roster of Associate Members discussing a variety of Grid Enhancing Technologies (GETs) and other advanced technology.

PPL Corporation appoints Christine M. Martin PPL Electric Utilities president

Retrieved on: 
Monday, October 23, 2023
Environmental protection, Martin, Public affairs, Policy, State, State government, Electricity, NYSE, PPL Corporation, PPL, Renewable energy, Public utility, Management

ALLENTOWN, Pa., Oct. 23, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today that 20-year PPL veteran Christine M. Martin has been appointed PPL Electric Utilities president, effective today. Martin had been named interim PPL Electric Utilities president Sept. 1 following the departure of Stephanie R. Raymond.

Key Points: 
  • Martin had served in the role in an interim capacity since Sept. 1
    ALLENTOWN, Pa., Oct. 23, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today that 20-year PPL veteran Christine M. Martin has been appointed PPL Electric Utilities president, effective today.
  • Martin had been named interim PPL Electric Utilities president Sept. 1 following the departure of Stephanie R. Raymond.
  • PPL Electric Utilities is one of several regulated utilities in the PPL family of companies.
  • "Christine is an excellent fit to lead PPL Electric Utilities," said PPL Executive Vice President and Chief Operating Officer Fran Sullivan.

PPL Corporation to conduct webcast on third-quarter 2023 earnings results

Retrieved on: 
Friday, October 20, 2023
Telephone, NYSE, PPL, PPL Corporation, Broadcasting

ALLENTOWN, Pa., Oct. 20, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) will release consolidated third-quarter 2023 earnings results on Thursday, Nov. 2.

Key Points: 
  • ALLENTOWN, Pa., Oct. 20, 2023 /PRNewswire/ -- PPL Corporation (NYSE: PPL) will release consolidated third-quarter 2023 earnings results on Thursday, Nov. 2.
  • The call will be webcast live, in audio format, along with slides of the presentation.
  • Interested individuals can access the webcast link at www.pplweb.com/investors under "Events and Presentations" or access the live conference call via telephone at 1-844-512-2926. International participants should call 1-412-317-6300.
  • For those who are unable to listen to the live webcast, a replay with slides will be accessible at www.pplweb.com/investors for 90 days after the call.

PPL Electric Utilities recognized for innovations that have improved reliability

Retrieved on: 
Monday, October 16, 2023
Diamond, Government, Multimedia, NYSE, PPL Corporation, Sallet, Gold, Engineering, Operations engineering, Safety, PPL, Distributed operating system, Electricity, Policy, News, Social media, Renewable energy, Online shopping

ALLENTOWN, Pa., Oct. 16, 2023 /PRNewswire/ -- A group of PPL Electric Utilities employees, led by Sal Salet, vice president of Distribution Operations, has been recognized for innovative, industry-leading work that has helped improve the safety, reliability and affordability of electricity delivered to PPL Electric's more than 1.4 million customers.

Key Points: 
  • Salet's team was recognized for a series of innovations that have automated processes and improved the safety, reliability and efficiency of the electric grid.
  • The innovation has allowed PPL Electric to prevent more than 1.4 million customer outages since 2015.
  • PPL Electric Utilities delivers safe, reliable and affordable electricity to more than 1.4 million homes and businesses in eastern and central Pennsylvania.
  • PPL Electric Utilities is a major employer and an active supporter of the communities it serves.