PPL Stock Price, News & Analysis

PPL Corporation (NYSE: PPL) announced the retirement of Paul W. Thompson, CEO of LG&E and KU Energy, effective January 1, 2022. John R. Crockett III will succeed him on October 1, 2021, transitioning from his role as general counsel. Both companies provide electricity and natural gas to over 1.3 million customers in Kentucky and Virginia. The transition aims to maintain high customer satisfaction and grid resilience.

PPL Corporation (NYSE: PPL) is expanding its commitment to clean energy by joining Energy Impact Partners' global investment platform, pledging up to $50 million. This investment aims to enhance innovation for a sustainable energy future. The collaboration will focus on advancing technologies essential for achieving net-zero emissions while maintaining energy reliability. Additionally, PPL's partnership supports the Elevate Future Fund, which promotes diversity and inclusion in energy transition efforts. PPL also committed $275 million to diverse suppliers in 2020.

PPL Capital Funding, a subsidiary of PPL Corporation (NYSE: PPL), announced the expiration of its tender offers for various Senior Notes and related debt securities. The offers ended on July 13, 2021, with PPL accepting $1,961,603,000 of validly tendered securities. The company redeemed remaining outstanding notes on July 15, 2021. This action enhances PPL's capital management strategy by effectively managing its debt. J.P. Morgan, Barclays, and Morgan Stanley acted as lead dealer managers, while D.F. King & Co. served as the information agent.

PPL Corporation (NYSE: PPL) will announce its consolidated second-quarter 2021 earnings on Thursday, Aug. 5. The company's CEO, Vincent Sorgi, along with the executive team, will discuss the financial results and outlook in a conference call at 11 a.m. Eastern Time. Interested parties can access the live webcast and presentation slides via PPL's investor website. A replay will be available for 90 days post-call. PPL serves over 2.5 million customers with a focus on reliable and sustainable energy solutions.

PPL Capital Funding, a subsidiary of PPL Corporation (NYSE: PPL), announced pricing terms for its tender offers to purchase outstanding debt securities. The tender includes any and all of its Senior Notes due in 2022, 2023, and 2024, as well as specific maximum tender offer notes due in 2043, 2044, 2047, 2030, and 2026. The offers were announced on June 29, 2021, with the early tender date being June 28, 2021. Securities accepted will receive a total consideration based on reference yields plus fixed spreads, which includes an early tender premium of $30 per $1,000 principal amount.

PPL Capital Funding, Inc. announced early results of its tender offers for its outstanding Senior Notes, increasing the maximum purchase price from $1 billion to accommodate all validly tendered notes. A total of $2.29 billion in securities was tendered by the June 28, 2021 deadline. Key securities include the 4.200% Senior Notes due 2022, with $117.21 million tendered, and the 4.125% Senior Notes due 2030, with $568.88 million tendered. Payment for accepted securities is planned for June 30, 2021, with an early tender premium of $30 per $1,000 principal. The final total consideration will be determined on June 29, 2021.