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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.
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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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