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Stock Market & Financial Investment News

News Breaks
November 30, 2012
05:22 EDTPPLPPL's operators restart Unit 2 at Susquehanna nuclear plant
Operators at PPL's Susquehanna nuclear power plant reconnected Unit 2 to the regional power grid Thursday after repairing a hydraulic system associated with the unit's main turbine. The hydraulic system operates valves that enable steam to bypass the turbine during startup and certain operating conditions. Plant operators detected the leaks as part of routine inspections during startup procedures while at very low power levels. Operators then followed established procedures and safely shut down Unit 2 to allow for repairs. The oil leaks did not affect employee or public safety. Employees quickly cleaned up the leaks and properly disposed of the oil. Unit 1 continues operating safely at full power.
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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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