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Stock Market & Financial Investment News

News Breaks
December 28, 2012
11:47 EDTPPLPPL subsidiary submits Northeast-Pocono Reliability Project to PUC for approval
PPL Electric Utilities has submitted the Northeast-Pocono Reliability Project to the Pennsylvania Public Utility Commission, or PUC, for approval. The project will improve electric service for 250,000 people in northeast Pennsylvania and the Poconos. It will involve construction of three new electrical substations and a new 230-kilovolt power line. The PUC review process generally takes about one year, during which there are opportunities for additional public input. The project, which will cost about $200M, will serve customers in parts of Lackawanna, Monroe, Wayne, Pike, Carbon and Luzerne counties.
News For PPL From The Last 14 Days
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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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