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 released its 2021 Climate Assessment Report, detailing risks and opportunities surrounding climate change. The report outlines PPL's commitment to achieving net-zero carbon emissions by 2050 and includes interim targets of 80% reduction by 2040 and 70% by 2035. Key initiatives include retiring fossil fuel plants, enhancing grid resilience, and investing in clean energy technologies. The report follows the Task Force for Climate-Related Financial Disclosure framework, highlighting PPL's strategy for a responsible energy transition and alignment with the Paris Agreement.
PPL Corporation (NYSE: PPL) has declared a quarterly dividend of $0.4150 per share, payable on January 3, 2022. Shareholders of record as of December 10, 2021 will receive this dividend. The company, based in Allentown, Pennsylvania, serves over 2.5 million customers and is focused on enhancing energy reliability through smarter grid solutions and sustainable energy practices.
PPL Corporation (NYSE: PPL) announced its investment of up to $50 million in Energy Impact Partners' $1 billion Flagship Fund, Fund II, aimed at advancing climate solutions. This partnership is centered on identifying innovative technologies to drive a zero-carbon economy in alignment with PPL's commitment to achieve net-zero carbon emissions by 2050. The collaboration signifies PPL's focus on sustainable energy solutions while enhancing energy reliability and affordability for its over 2.5 million customers.
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.