New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
September 30, 2014
16:16 EDTPPLDynegy, Exelon, NRG Energy upgraded at ISI Group
ISI Group said capacity market improvements could overcome gas basis concerns for the independent power producers it covers. The firm raised its ratings on Dynegy (DYN) and Exelon (EXC) to Buy, upped its rating on NRG Energy (NRG) to Strong Buy and reiterated its Buy rating on PPL Corp. (PPL). ISI kept a $34 price target on Dynegy, kept a $36 target on PPL Corp., raised its price target Exelon to $39 from $33 and hiked its target NRG to $40 from $34.
15:22 EDTPPLPPL Corp. sale of hydroelectric facilities approved by Montana PSC
PPL Montana’s agreement to sell its hydroelectric facilities to NorthWestern Energy has received final approval from the Montana Public Service Commission, the company announced. The commission issued a final order Friday, Sept. 26, approving the transaction, which includes PPL Montana’s 11 hydroelectric power plants and Hebgen Lake reservoir. The PSC action follows prior approvals from the Federal Energy Regulatory Commission, as well as the necessary clearance from the antitrust enforcement agencies. Before the transaction can close, NorthWestern must file with FERC and obtain approval of certain financing transactions. FERC review of that filing is expected to take 30-60 days. The purchase price for the hydroelectric generating facilities is $900M in cash, subject to certain adjustments. PPL Corporation estimates its total net cash proceeds of the sale will be approximately $880M.
10:02 EDTPPLOn The Fly: Analyst Initiation Summary
Subscribe for More Information
09:28 EDTPPLPPL Corp. initiated with a Buy at Hilliard Lyons

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use