PPL Stock Price, News & Analysis

PPL Corporation (NYSE: PPL) reported a third-quarter 2021 net income of $207 million ($0.27 per share), down from $281 million ($0.37 per share) in Q3 2020. Year-to-date net loss reached $1.61 billion ($2.10 per share), contrasting with $1.18 billion profit in 2020. Adjusted earnings from ongoing operations rose to $277 million ($0.36 per share) for Q3 2021, up from $228 million ($0.30 per share) in 2020. PPL anticipates closing its acquisition of Narragansett Electric by March 2022, while planning a share repurchase program of up to $1 billion by year-end.

PPL Corporation (NYSE: PPL) will release its consolidated third-quarter 2021 earnings results on November 4, 2021. CEO Vincent Sorgi and the executive team will discuss the quarterly results and company outlook during a conference call at 11 a.m. ET. The call will be accessible via webcast and telephone. Interested parties can access the details on the company's investor relations website. PPL provides electricity and natural gas to over 2.5 million customers and focuses on building sustainable energy solutions.

Nordson Corporation (NASDAQ: NDSN) has appointed Jennifer L. McDonough as Executive Vice President, General Counsel, and Secretary, effective November 1, 2021. McDonough, previously with PPL Corporation (NYSE: PPL), brings over 20 years of legal experience, focusing on corporate governance, compliance, and mergers. CEO Sundaram Nagarajan expressed confidence in her ability to support Nordson’s strategic development. With a commitment to the NBS Next growth framework and acquisitions, McDonough aims to enhance the company's legal strategy.

PPL Corporation (NYSE: PPL) announced the appointment of Heather B. Redman to its Board of Directors, effective today. Redman, co-founder of Flying Fish Partners, brings extensive experience in disruptive technologies and energy development. She will enhance PPL's focus on innovation and support its transition to clean energy. PPL's board now includes 10 directors, nine of whom are independent. Redman's background includes leadership roles in clean energy projects and capital raising, making her a valuable asset as PPL aims to strengthen its energy networks.

PPL Corporation (NYSE:PPL) announced its participation in the Electric Highway Coalition, a group of 17 U.S. utilities aimed at enhancing electric vehicle (EV) charging infrastructure across major highways. Through this collaboration, PPL's subsidiaries, including Louisville Gas and Electric and PPL Electric Utilities, will work towards deploying fast charging stations for long-distance EV travel. The company aims for net-zero emissions by 2050 and has set interim targets for reducing CO² emissions. This initiative aligns with the industry's commitment to support EV infrastructure and addresses the projected growth of EVs on U.S. roads.

PPL Corporation has acquired an ownership stake in the SOO Green HVDC Link project, an underground transmission line designed to transport 2,100 MW of renewable energy from the upper Midwest to eastern markets. This $2.5 billion initiative, set to begin construction in 2023, utilizes advanced technology to enhance grid reliability without costs to ratepayers. The collaboration aims to support the development of a national clean energy grid by addressing barriers to interregional transmission. PPL's expertise is expected to drive the project's success in meeting U.S. renewable energy goals.

PPL Corporation (NYSE: PPL) has received unanimous approval from the Federal Energy Regulatory Commission (FERC) to acquire The Narragansett Electric Company from National Grid. This marks the fourth of five necessary regulatory approvals for the transaction, with the final approval pending from the Rhode Island Division of Public Utilities and Carriers. PPL anticipates completing the acquisition by March 2022, which is expected to enhance service delivery and support Rhode Island's decarbonization goals.

Landis+Gyr Technology has inked a five-year contract with Louisville Gas and Electric and Kentucky Utilities to implement advanced metering and smart grid infrastructure. This deal includes 930,000 electricity meters and 300,000 gas modules, along with necessary network equipment and software. The technology aims to enhance service reliability and enable customers to better manage energy use. The project, approved by the Kentucky Public Service Commission, highlights Landis+Gyr's role in modernizing Kentucky's energy system, offering a comprehensive IoT network for energy distribution.