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Stock Market & Financial Investment News

News Breaks
November 20, 2012
05:20 EDTPPLPPL 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.
News For PPL From The Last 14 Days
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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
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09:28 EDTPPLPPL Corp. initiated with a Buy at Hilliard Lyons

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