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.
News For PPL From The Last 14 Days
Check below for free stories on PPL the last two weeks.
PPL 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.