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May 11, 2014
14:43 EDTPPLPPL and union reach tentative labor agreement on three year contract
Pennsylvania-based companies of PPL Corporation and International Brotherhood of Electrical Workers Local 1600 reached a tentative agreement Saturday on a three-year labor contract. The tentative agreement is a win-win for both parties as it includes wage increases of 7.75% over the three-year term of the contract, a new retirement savings program for future employees, changes in healthcare benefit options that reflect the competitive market and work rule changes that provide for increased workforce flexibility and versatility. Local 1600 represents about 3,000 workers for PPL Electric Utilities, power plants owned by PPL companies in Pennsylvania, and various PPL corporate services groups.The current collective bargaining agreement was set to expire May 11. In announcing the tentative agreement, PPL companies and Local 1600 also announced a temporary extension of current contract terms enabling business operations to continue normally while the union conducts its ratification vote.
News For PPL From The Last 14 Days
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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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September 4, 2014
18:34 EDTPPLPPL Corp. agreement to sell hydroelectric facilities wins regulatory approval
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September 3, 2014
07:48 EDTPPLPPL Corp. to reaffirm FY14 ongoing EPS view $2.20-$2.40, consensus $2.27
SVP and CFO Vincent Sorgi will make a presentation and discuss the company's general business outlook with investors and financial analysts at the 2014 Barclays Capital CEO Energy-Power Conference. At this conference, Sorgi is expected to reaffirm the Company's previously announced 2014 ongoing earnings forecast of $2.20 to $2.40 per share and 2014 reported earnings forecast of $1.70 to $1.90 per share. The company says it is on target with project cost savings and synergies.

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