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. Chairman says company poised for growth following spinoff PPL Corporation Chairman William Spence said the company is well-positioned for continued growth and success following the planned June 1 spinoff of its competitive supply business. PPL expects to achieve compound annual earnings growth of 4%-6% percent through at least 2017. The company is set to complete the spinoff of its PPL Energy Supply business on June 1. That business will combine immediately upon spinoff with the competitive generation business of Riverstone Holdings LLC to form a new independent power producer named Talen Energy Corporation.