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Stock Market & Financial Investment News

News Breaks
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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December 14, 2014
15:51 EDTPPLPPL Corp. disconnects Unit 1 from the regional electric grid
Operators at PPL's Susquehanna nuclear power plant disconnected Unit 1 from the regional electric grid Saturday,12/13 because of a small water leak inside the containment structure. The massive concrete containment structure, which surrounds the reactor, is not accessible when the unit is running. Although the water leak is well within the plant's limits for continued safe operation, operators began shutting the unit down as a conservative measure to complete repairs and enhance the unit's reliability for the upcoming winter, when cold weather drives higher electricity use. PPL Susquehanna expects to quickly identify the source of the water leak, complete repairs and resume generating electricity for the regional power grid. The Susquehanna plant, located in Luzerne County about seven miles north of Berwick, is owned jointly by PPL Susquehanna LLC and Allegheny Electric Cooperative and is operated by PPL Susquehanna.

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