Welcome to our dedicated page for PPL news (Ticker: PPL), a resource for investors and traders seeking the latest updates and insights on PPL stock.
PPL Corporation operates a regulated electric and natural gas utility holding company serving customers in Pennsylvania, Kentucky, Rhode Island and Virginia. Its news commonly covers earnings releases, long-term growth targets, utility rate proceedings, transmission and distribution investments, and capital-market actions tied to funding regulated infrastructure.
Company updates also feature subsidiary activity at PPL Electric Utilities, Louisville Gas and Electric, Kentucky Utilities and Rhode Island Energy. Recurring operating themes include electric delivery and transmission in Pennsylvania, electric generation and gas distribution in Kentucky, Rhode Island electric and gas utility matters, renewable-energy partnerships, grid reliability initiatives and evaluations of long-term energy supply options.
PPL Corporation (NYSE: PPL) and Elia Group's WindGrid have signed a memorandum of understanding to develop transmission solutions for integrating offshore wind energy into the New England grid. This collaboration leverages PPL's expertise in U.S. onshore transmission alongside Elia Group's experience with offshore networks. Both companies aim to respond to a request for information from five New England states for upcoming renewable energy integration plans. Recent studies predict up to 30,000 megawatts of offshore wind capacity could be deployed in the region by 2050.
PPL Corporation (NYSE:PPL) will release its consolidated third-quarter 2022 earnings results on November 4, 2022. CEO Vincent Sorgi and the executive team will discuss these results and the company's outlook during a conference call scheduled for 11 a.m. Eastern Time. The call will be available via live webcast and audio format, with a replay accessible for 90 days afterwards. PPL serves over 3.5 million customers and focuses on building resilient power grids while advancing sustainable energy solutions.
Rhode Island Energy has issued a Request for Proposals (RFP) to secure 600 to 1,000 MW of offshore wind energy, aiming to provide over 70% of the state's estimated 2030 electricity demand with renewable sources. This initiative builds on existing offshore projects and could power approximately 700,000 homes annually. The final RFP, refined after public comments, seeks long-term power purchase agreements (PPAs) for 15 to 20 years. Bids will be collected until February 1, 2023, with winners announced in August 2023, supporting Rhode Island's goal for 100% renewable energy by 2033.
Summary not available.
PPL Corporation announced an agreement to sell its subsidiary, PPL Safari Holdings LLC, to Aspen Power Partners LLC, pending U.S. Department of Justice review. This strategic sale aligns with PPL's focus on core regulated utility operations and advancing clean energy, particularly in Kentucky. The transaction is expected to finalize in Q4 2022 and is not deemed material to PPL's financial standing.
Summary not available.
PPL Corporation (NYSE: PPL) has declared a quarterly dividend of $0.2250 per share, set to be payable on October 3, 2022. Shareholders on record as of September 9, 2022 will receive this dividend. PPL serves over 3.5 million customers across the U.S., focusing on reliable electricity and natural gas services. The company is committed to enhancing energy sustainability through the development of smarter and more resilient power grids. For more details, visit www.pplweb.com.
Summary not available.
PPL Corporation (NYSE: PPL) reported second-quarter 2022 earnings of $119 million, or $0.16 per share, marking a significant increase from $19 million, or $0.03 per share, in Q2 2021. Ongoing earnings per share rose to $0.30 from $0.19 year-over-year. The company reaffirmed its 2022 ongoing earnings forecast of $1.30 to $1.45 per share. The acquisition of Rhode Island Energy completed on May 25, 2022, is projected to enhance earnings, with $27 billion in regulated investment opportunities through 2030, aiming for 6-8% annual earnings and dividend growth through 2025.
PPL Corporation (NYSE: PPL) will release its consolidated second-quarter 2022 earnings results on August 3, 2022. CEO Vincent Sorgi and the executive team will discuss these results in a conference call at 11 a.m. ET, which will be available via webcast. PPL serves over 3.5 million customers in the U.S., focusing on reliable electricity and natural gas services. The company is committed to building advanced power grids and sustainable energy solutions. A replay of the call will be accessible for 90 days after the event.