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Stock Market & Financial Investment News

News Breaks
November 9, 2012
05:32 EDTPPL, AYEPPL Corp.: operators shut down Unit 2 at PPL's Susquehanna nuclear plant
Operators at PPL's Susquehanna nuclear power plant safely shut down the Unit 2 reactor Nov. 9 because a computer system that controls the reactor's water level was not functioning properly. Operators manually shut down the reactor when they identified the malfunction and plant systems responded as designed. Susquehanna employees are investigating the reason for the loss of the computer system. While the unit is shut down, employees will address the control system malfunction and begin a previously announced turbine blade inspection as part of ongoing efforts to address turbine blade cracking as the plant finalizes long-term solutions. Unit 1 is operating safely and is unaffected by the loss of the system on Unit 2. The Susquehanna plant, located in Luzerne County about seven miles north of Berwick, is owned jointly by PPL Susquehanna LLC and Allegheny Electric Cooperative Inc. and is operated by PPL Susquehanna LLC.
News For PPL;AYE From The Last 14 Days
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July 25, 2014
08:51 EDTPPLPPL Corp. multiple likely to rise, says Argus
After PPL announced an agreement with Riverstone Holdings to combine their merchant power businesses into a new publicly traded independent power producer, Argus thinks the regulated businesses retained by PPL will support steady earnings and dividend growth. The firm thinks that investors will respond by awarding the stock higher multiples. It keeps a Buy rating on the shares.

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