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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.
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September 11, 2014
18:21 EDTPPLFed Appeals Court sides with PPL, affirms NJ Court decision on new power plants
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