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Stock Market & Financial Investment News

News Breaks
February 28, 2014
07:28 EDTPPLPPL Corp. subsidiaries in United Kingdom accepted for 'fast tracking'
PPL Corporation received official confirmation that business plans submitted by its four Western Power Distribution subsidiaries in the United Kingdom have been accepted in full, subject to a cost of equity change, for the 8-year price control period starting April 1, 2015. In announcing its final "fast track" decision for the WPD subsidiaries, the Office of Gas and Electricity Markets issued a final determination of base revenues for the period, and operating results that must be delivered in order to earn bonus revenue for exceptional performance.
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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