PPL Corporation is a fundamentally different company compared with two years ago, having changed its business mix, nearly doubled its asset base and grown its market capitalization by 40 percent, the company's top executive told shareowners May 16 at PPL's annual meeting.

"We are forecasting that 70 percent of PPL's 2012 ongoing earnings will come from our rate-regulated businesses in the United Kingdom, Kentucky and Pennsylvania," said William H. Spence, PPL's chairman, president and chief executive officer. >> read more