PPL Corp. announces unit 2 at Susquehanna nuclear power plan returns to service Unit 2 at PPL Corporation's Susquehanna nuclear power plant in Luzerne County, PA, resumed generating electricity for the regional power grid safely and reliably on Monday after completing a turbine blade inspection and repairing a computer system that malfunctioned on November 9, causing operators to shut down the reactor. The previously announced turbine inspection revealed signs of cracking on a small number of blades. Those blades have been replaced. The after-tax financial impact of the most recent turbine inspections on both units, which includes reduced energy-sales margins and repair expenses, is expected to be about $25M.
PPL Corp. raises annualized dividend to $1.51 per share from $1.49 per share PPL Corp. announced that the company is increasing its common stock dividend to 37.75c per share on a quarterly basis. The increased dividend will be payable Oct. 1 to shareowners of record as of Sept. 10. The increase raises the annualized dividend from $1.49 per share to $1.51 per share.