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.
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PPL Corporation (NYSE: PPL) will announce its consolidated first-quarter 2023 earnings results on May 4, 2023. The conference call, starting at 11 a.m. ET, will feature CEO Vincent Sorgi and other executives discussing the results and the company’s outlook. The call will be available for live audio streaming, and a replay will be accessible for 90 days afterward. PPL, based in Allentown, Pennsylvania, serves over 3.5 million customers in the U.S., focusing on reliable and affordable energy services. Known for building sustainable energy solutions, PPL is advancing smarter power grids. Details on accessing the webcast or call can be found on PPL's investor relations page.
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PPL Corporation is initiating a pioneering carbon capture research project at its Cane Run Generating Station in Louisville, Kentucky, in collaboration with Louisville Gas and Electric Company, Kentucky Utilities Company, EPRI, and the University of Kentucky.
This project, supported by a $5.8 million Department of Energy grant, aims to evaluate the feasibility of capturing at least 95% of carbon dioxide emissions from the facility's natural gas combined cycle unit (CR7). The study will span until mid-2024, potentially leading to the world's first utility-scale carbon capture pilot unit.
PPL Corporation (NYSE: PPL) announced on March 30, 2023, that the Rhode Island Public Utilities Commission (RIPUC) approved $290 million for enhancing electric and gas networks through its subsidiary, Rhode Island Energy (RIE). The approved plans include $127 million for the Electric Infrastructure, Safety, and Reliability (ISR) plan and $163 million for the Gas ISR plan, focusing on maintaining safety and reliability. The projects will run from April 1, 2023, to March 31, 2024. PPL reaffirmed its 2023 earnings forecast of $1.50 to $1.65 per share, with an annual growth projection of 6% to 8% through at least 2026.