PPL Corp. reaffirms FY14 EPS view of $2.15-$2.30 following S&P ratings action PPL Corp. noted that Standard & Poor's Rating Services lowered its corporate credit rating on the company's wholly owned subsidiary PPL Energy Supply from BBB to BB+ with a stable outlook. PPL does not expect the downgrade to have a material effect on PPL Energy Supply's financial condition and results of operations, it said. Consequently, PPL is affirming its forecast of 2014 ongoing EPS of $2.15-$2.30. Consensus $2.23.
PPL Corp. Chairman says company poised for growth following spinoff PPL Corporation Chairman William Spence said the company is well-positioned for continued growth and success following the planned June 1 spinoff of its competitive supply business. PPL expects to achieve compound annual earnings growth of 4%-6% percent through at least 2017. The company is set to complete the spinoff of its PPL Energy Supply business on June 1. That business will combine immediately upon spinoff with the competitive generation business of Riverstone Holdings LLC to form a new independent power producer named Talen Energy Corporation.