PPL Corp. shuts down Unit 2 at Susquehanna Nuclear Power Plant for inspection Operators at PPL Corporation's Susquehanna nuclear power plant began shutting down Unit 2 to inspect its turbine blades. Data from the extensive vibration monitoring equipment installed on the turbine indicates that a few turbine blades may have developed small cracks. While the unit is shut down, workers will perform additional maintenance activities that can be done only when the unit is not operating. Unit 1 continues to operate at full power. The financial impact of the current outage is not expected to be material.
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.