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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:05 EDTPPLPPL 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.
News For PPL From The Last 14 Days
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September 30, 2014
16:16 EDTPPLDynegy, Exelon, NRG Energy upgraded at ISI Group
ISI Group said capacity market improvements could overcome gas basis concerns for the independent power producers it covers. The firm raised its ratings on Dynegy (DYN) and Exelon (EXC) to Buy, upped its rating on NRG Energy (NRG) to Strong Buy and reiterated its Buy rating on PPL Corp. (PPL). ISI kept a $34 price target on Dynegy, kept a $36 target on PPL Corp., raised its price target Exelon to $39 from $33 and hiked its target NRG to $40 from $34.
15:22 EDTPPLPPL Corp. sale of hydroelectric facilities approved by Montana PSC
PPL Montana’s agreement to sell its hydroelectric facilities to NorthWestern Energy has received final approval from the Montana Public Service Commission, the company announced. The commission issued a final order Friday, Sept. 26, approving the transaction, which includes PPL Montana’s 11 hydroelectric power plants and Hebgen Lake reservoir. The PSC action follows prior approvals from the Federal Energy Regulatory Commission, as well as the necessary clearance from the antitrust enforcement agencies. Before the transaction can close, NorthWestern must file with FERC and obtain approval of certain financing transactions. FERC review of that filing is expected to take 30-60 days. The purchase price for the hydroelectric generating facilities is $900M in cash, subject to certain adjustments. PPL Corporation estimates its total net cash proceeds of the sale will be approximately $880M.
10:02 EDTPPLOn The Fly: Analyst Initiation Summary
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09:28 EDTPPLPPL Corp. initiated with a Buy at Hilliard Lyons

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