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Stock Market & Financial Investment News

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February 17, 2014
15:25 EDTPPLPPL Corp. says UK subsidiaries accept cost of equity decision
PPL Corporation said that its Western Power Distribution subsidiaries in the United Kingdom have accepted a decision by the Office of Electricity and Gas Markets to set the real cost of equity at 6.4% as part of its ongoing price control review process. Ofgem's decision results in a slightly lower cost of equity than the 6.7% proposed in the business plans submitted by the WPD subsidiaries in July 2013, but by accepting the change they remain in Ofgem's "fast tracking" process, PPL said. The final fast tracking decision is expected Feb. 28. The cost of equity change does not affect the projected earnings ranges for the U.K. Regulated business segment that PPL Corporation announced when the RIIO-ED1 business plans were filed in July 2013, it added.
News For PPL From The Last 14 Days
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September 3, 2015
16:15 EDTPPLPPL Electric Utilities reports rate case settlement
PPL Electric Utilities, a subsidiary of PPL Corporation. and the advocates and interest groups who intervened in the company's rate proceeding have reached a settlement that would increase delivery rates and help fund additional reliability improvements, the company announced. If approved, the settlement would mean a residential customer using 1,000 kilowatt-hours per month who does not shop for electricity supply would see an increase of about $7.55 a month. Their bill would increase from the current $147.31 per month to $154.86. PPL Electric Utilities would receive an overall increase in annual revenues of $124M. The settlement must be approved by the state Public Utility Commission administrative law judge and the PUC. If approved, the increase would take effect on Jan. 1, 2016.

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