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PPL Corporation - PPL STOCK NEWS

Welcome to our dedicated page for PPL Corporation news (Ticker: PPL), a resource for investors and traders seeking the latest updates and insights on PPL Corporation stock.

PPL Corporation (NYSE: PPL) is a renowned global energy company headquartered in Allentown, Pennsylvania. PPL serves over 10.5 million customers across Pennsylvania, Kentucky, and the United Kingdom with its high-performing regulated utilities, including Western Power Distribution, Louisville Gas and Electric, Kentucky Utilities, and PPL Electric Utilities. These subsidiaries are consistently recognized for delivering outstanding service in both the U.S. and the U.K.

PPL's operations span across electricity generation, transmission, and distribution, as well as natural gas services. The company is a positive force in its communities, supporting job creation programs and donating millions to charitable organizations to enhance the quality of life. Additionally, PPL's workforce of over 13,000 employees actively volunteers their time and energy to assist others.

Recent achievements include a significant $72 million award from the U.S. Department of Energy to fund a pioneering carbon dioxide (CO2) capture project in collaboration with the University of Kentucky and other partners. This project aims to capture up to 90,000 metric tons of CO2 annually, equivalent to the emissions of 20,000 gasoline-powered cars, marking a major step towards PPL's goal of achieving net-zero carbon emissions by 2050.

PPL continues to innovate and invest in infrastructure, recently committing to $14.3 billion in planned investments through 2027 to modernize the grid, enhance reliability, and support renewable energy integration. The company also maintains a strong financial position, with reported 2023 earnings of $740 million and an ongoing commitment to dividend growth.

PPL's subsidiaries are involved in various strategic projects, such as deploying advanced smart metering technology in Rhode Island through a partnership with Landis+Gyr. This initiative will support the state's clean energy goals and grid modernization efforts.

Overall, PPL Corporation remains dedicated to providing safe, reliable, and affordable energy while advancing sustainable energy solutions and fostering community development.

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PPL (NYSE:PPL) has announced it will release its consolidated second-quarter 2024 earnings results on Friday, August 2. The company will host a conference call and webcast for financial analysts at 11 a.m. Eastern Time, where Vincent Sorgi, PPL's president and CEO, along with other executives, will discuss the results and general business outlook.

The webcast will be accessible at www.pplweb.com/investors, with a replay available for 90 days. Interested parties can also join via telephone. PPL, based in Allentown, Pennsylvania, is a leading U.S. energy company serving over 3.5 million customers, focusing on safe, reliable, and affordable electricity and natural gas provision.

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PPL , along with its subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU), is expanding its collaboration with the U.S. Department of Energy (DOE) to conduct a detailed nuclear feasibility study. This effort aims to evaluate the potential for nuclear energy at various company locations in Kentucky, building on an initial assessment at the Ghent Generation Station. The DOE-funded research will explore the viability of small modular reactors (SMRs) and partnerships with industrial customers to achieve zero-carbon goals, ensuring a reliable and affordable energy mix. PPL's CEO, Vincent Sorgi, emphasized the importance of diverse energy solutions to meet future demands and support economic growth.

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PPL announced a quarterly common stock dividend of $0.2575 per share, declared on May 15, 2024. The dividend is payable on July 1, 2024, to shareholders of record as of June 10, 2024.

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Rhode Island Energy, a subsidiary of PPL , has reached new five-year contracts with the Utility Workers Union of America (UWUA) and Brotherhood of Utility Workers (BUW) for 526 employees. The agreements include 3% annual wage increases and aim to provide safe, reliable, sustainable, and affordable energy services to Rhode Island customers.

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PPL reported first-quarter 2024 earnings with a GAAP EPS of $0.42 and ongoing EPS of $0.54, showing a 12.5% increase from 2023. The company reaffirmed its 2024 earnings forecast range of $1.63 to $1.75 per share. PPL plans $3 billion in infrastructure improvements in 2024, aiming for $14.3 billion by 2027. The company expects 6-8% annual earnings and dividend growth through 2027.

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PPL 's 2023 Sustainability Report showcases the company's commitment to delivering safe, reliable, affordable, and sustainable energy to customers while creating long-term value for shareholders. The report highlights achievements in reliability, infrastructure improvements, cost savings, clean energy transition, research projects, community engagement, and ethical stewardship.
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PPL will conduct a webcast on its first-quarter 2024 earnings results, led by Vincent Sorgi, the president, and CEO. The webcast will be on May 1, with a live conference call discussing the company's performance and outlook. Interested individuals can access the webcast link or join the call via telephone. PPL is a leading U.S. energy company providing electricity and natural gas to over 3.5 million customers.
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PPL 's subsidiary, Rhode Island Energy, receives approval for $326 million in spending to enhance safety and reliability of electric and gas networks in Rhode Island. The investment aims to support clean energy transition and improve customer service.
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Landis+Gyr and Rhode Island Energy have agreed to deploy advanced smart metering technology for 530,000 electric customers. The agreement includes installation of Gridstream® Connect AMI network and Revelo® smart sensing meters for grid modernization and improved efficiency. The deployment aims to support electrification of transportation and integration of renewable energy resources, with advanced grid-edge processing for consumer engagement.
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PPL Corporation appoints Greg Cornett, a 25-year utility industry veteran, as the new president of Rhode Island Energy, while promoting Alan LaBarre to Chief Operating Officer. The company aims for a seamless transition to PPL systems and processes by mid-2024.
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FAQ

What does PPL Corporation do?

PPL Corporation is an energy company that provides electricity and natural gas to over 10.5 million customers in Pennsylvania, Kentucky, and the U.K. through its high-performing regulated utilities.

What are PPL Corporation's recent achievements?

PPL recently received a $72 million award from the U.S. Department of Energy for a carbon capture project and committed $14.3 billion in infrastructure investments through 2027.

How many employees does PPL Corporation have?

PPL Corporation has a workforce of over 13,000 employees who actively participate in community volunteer efforts.

What is PPL Corporation's strategy for achieving net-zero carbon emissions?

PPL aims to achieve net-zero carbon emissions by 2050 through innovative projects like carbon capture and sequestration, advancing renewable energy integration, and modernizing the power grid.

What financial performance did PPL Corporation report for 2023?

For 2023, PPL reported earnings of $740 million, or $1.00 per share, with ongoing operations earnings of $1.18 billion, or $1.60 per share.

What projects is PPL Corporation involved in?

PPL is involved in various projects, including a carbon capture research initiative with the University of Kentucky and a smart metering technology deployment in Rhode Island.

How does PPL Corporation support its communities?

PPL supports communities by funding job creation programs, donating to charitable organizations, and encouraging employee volunteerism.

What are PPL Corporation's plans for infrastructure investments?

PPL plans to invest $14.3 billion from 2024 to 2027 to improve service reliability, enhance the grid's resilience, and support renewable energy.

What partnerships does PPL Corporation engage in?

PPL partners with academic and industry leaders, such as the University of Kentucky and Landis+Gyr, to advance innovative energy solutions and technologies.

How can I stay updated on PPL Corporation's latest news?

You can stay updated by visiting PPL's website, www.pplweb.com, or following their media and investor relations pages.

PPL Corporation

NYSE:PPL

PPL Rankings

PPL Stock Data

21.11B
737.74M
0.09%
75.92%
2.34%
Nuclear Electric Power Generation
Utilities
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United States of America
ALLENTOWN