2010
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PPL Corporation and E.ON AG on April 28, 2010, announce a definitive agreement under which PPL will acquire E.ON U.S. LLC, the parent company of Kentucky’s two major utilities, Louisville Gas and Electric Company and Kentucky Utilities Company. On Nov. 1, 2010, PPL Corporation completes the acquisition.
- The Susquehanna nuclear power plant safely and reliably generated 19,492,431 megawatt-hours in 2009, beating the previous record.
- PPL announces on Feb. 26 that its generation subsidiary completed the previously announced sale of its Long Island generation business to an affiliate of J-POWER USA Development Co., Ltd. for approximately $125 million, plus working capital.
- PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, on March 16 begins mailing notices of redemption to owners of record of all the outstanding shares of five separate series of PPL Electric’s preferred stock.
- PPL Generation breaks ground on a $434 million expansion project that will more than double the Holtwood hydroelectric plant's production of renewable energy.
2011
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PPL Corporation on March 9, 2011, completes the sale of the PPL Wallingford Energy plant, the PPL University Park plant and PPL's one-third share in the Safe Harbor plant - to an affiliate of LS Power Equity Advisors for about $381 million in cash.
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Accelerating the growth of its regulated electricity operations, PPL, through a U.K. subsidiary, announces March 1, 2011, that it has reached a definitive agreement to acquire the Central Networks electric distribution business in central England. A subsidiary of PPL completes the acquisition on April 1, 2011. |