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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.
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