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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) will announce its consolidated first-quarter 2022 earnings on May 5, 2022. PPL's CEO, Vincent Sorgi, and the executive team will share insights during a conference call at 11 a.m. ET. Investors can participate via webcast or telephone. PPL serves over 2.5 million customers in the U.S., focusing on reliable electricity and natural gas delivery while developing smarter energy solutions. A replay of the call will be available for 90 days post-event.
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PPL Corporation (NYSE: PPL) has received approval from the Rhode Island Division of Public Utilities to acquire The Narragansett Electric Company from National Grid USA. This decision comes after a thorough public review process, with PPL expressing excitement about serving Rhode Island families and businesses. The company plans to invest in the state's energy grid, aiming to enhance reliability, support decarbonization goals, and strengthen leadership in the community. The acquisition is expected to close in March 2022.
PPL Corporation reported a significant net loss of $1.48 billion, or $1.93 per share for 2021, contrasting with a net profit of $1.47 billion, or $1.91 per share in 2020. Adjusted earnings from ongoing operations rose to $806 million, or $1.05 per share, up 4% year-over-year. The company completed a $1 billion share repurchase and announced a quarterly dividend of $0.20 per share. Special items negatively impacted earnings, mainly due to the sale of its U.K. utility business. Guidance suggests a focus on growth with the planned acquisition of Narragansett Electric.
PPL Corporation (NYSE: PPL) announced its partnership with Energy Impact Partners to launch the Deep Decarbonization Frontier Fund, aimed at funding early-stage technologies for achieving net-zero greenhouse gas emissions. The fund has secured over $200 million in commitments towards its $350 million goal. PPL plans to invest $50 million in this initiative to promote clean energy technologies. This collaboration complements PPL's ongoing efforts in research and development as it aims for a sustainable energy future.
PPL Corporation (NYSE: PPL) will announce its consolidated fourth-quarter and year-end 2021 earnings on February 18, 2022. The CEO, Vincent Sorgi, along with the executive team, will host a conference call at 11 a.m. ET to discuss the results and business outlook. The call will be streamed live, and a replay will be available for 90 days. PPL provides electricity and natural gas to over 2.5 million customers and focuses on smart power grid development and sustainable energy solutions.
PPL Corporation announced its 2022 Annual Meeting of Shareowners will take place virtually on May 18, 2022, at 9 a.m. Eastern time. Shareowners as of Feb. 28, 2022 can vote and participate. The company's focus remains on delivering reliable electricity and natural gas to over 2.5 million customers while advancing sustainable energy solutions.
Further details, including instructions to join the meeting, will be provided in proxy materials sent to shareowners.
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PPL's utilities in Pennsylvania and Kentucky have achieved top rankings in the J.D. Power 2021 Electric Utility Residential Customer Satisfaction Study. PPL Electric Utilities was recognized as the highest among large electric utilities in the Eastern U.S. for the 10th consecutive year, while Kentucky Utilities Company excelled among mid-sized utilities in the Midwest for the 6th consecutive year. These accolades reflect PPL's commitment to customer service and community engagement. The rankings stem from feedback from over 100,000 utility customers focusing on power quality, reliability, and customer care.