PP&L Resources, Inc. will delay the reporting of its second-quarter earnings to allow time for a more complete assessment of the implications of the state Public Utility Commission decision in the company's restructuring case.
John Biggar, senior vice president-Financial, said the company expects to report its second-quarter earnings on Aug. 4, rather than on July 24, the regularly scheduled announcement date.
"We need to complete our assessment of the impact of the PUC's final order in our restructuring case on our overall financial position before finalizing our second-quarter earnings calculations," said Biggar. "This includes the commission's July 9 order on our Petition for Reconsideration." In that order, the PUC made certain technical changes to its June 15 restructuring order.
Biggar said the restructuring order will affect the company's reported earnings for the second quarter.