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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 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.
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.