PPL Corp. announces restart of unit 2 operations at PPL Susquehanna Unit 2 at the PPL Susquehanna nuclear power plant resumed generating electricity for the power grid on December 28. The unit had been shut down since Dec. 16. An electrical connection problem caused an automatic shutdown during a routine, scheduled turbine valve test. An unrelated issue with the positioning of a valve on one of the unit's main water pumps during start-up activities extended the out-of-service time.
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.