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On March 1, 2024, PPL Corporation announced that its subsidiary PPL Electric
Utilities reached a tentative $ 9 million agreement to sell its 2 North Ninth St. Tower Building and office complex to Pennsylvania-based developer D&D Realty Group. The company's headquarters is now a few blocks away at
419:
In
November 2019, William Spence, PPL's former chairman and chief executive officer, said that the company is focusing on building more advanced cleaner energy technologies and is also increasing its effort on a strategy known as "Energy Forward." The company has invested billions to improve
408:
In 2020, PPL initiated a formal process to sell WPD in order to position PPL as a purely U.S.-focused energy company and create additional shareowner value. This resulted in a March 18, 2021, announcement of agreements to sell WPD to
420:
infrastructure and technology in order to create a smarter, more reliable and resilient energy grid. In the third quarter of 2019, PPL completed a $ 470 million investment in replacing meters with "advanced" meters in
Pennsylvania.
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for £7.8 billion and acquire
National Grid's Rhode Island electric and gas utility, the Narragansett Electric Company, for $ 3.8 billion. The sale of WPD was completed on June 14, 2021.
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PPL's companies regularly rank high in customer satisfaction studies. PPL Electric
Utilities, which serves 1.4 million customers in 29 counties in Pennsylvania, has received 30
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in 1920, the product of a merger of eight smaller
Pennsylvania-based utility companies. It gradually extended its service territory to a crescent-shaped region of central and
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PPL Electric
Utilities Corporation, commonly known as PPL Electric Utilities and formerly known as Pennsylvania Power & Light Company or Pennsylvania Power & Light
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of electrical utilities in the 1990s encouraged PPL to purchase assets in other states. The largest of these acquisitions was PPL's 1998 purchase of 13 plants from
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405:. On June 1, 2015, the Talen spinoff was completed, allowing PPL to concentrate on the transmission and distribution aspects of the electric utility business.
380:, the stadium naming rights were assumed by the spinoff company and the venue became known as Talen Energy Stadium. In February 2020, the park was named
527:
Rhode Island Energy, formerly a regional business of
Narragansett Electric Company, formed in 2022 following its purchase from National Grid
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416:
The sale of the
Narragansett Electric Company was completed on May 25, 2022, and Narragansett Electric was renamed Rhode Island Energy.
244:. As of 2022, the company had $ 7.9 billion in revenue, 6,500 employees, over $ 37 billion in assets, and serves 3.6 million customers.
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In
February 2010, PPL Corporation purchased the naming rights to the venue originally known as PPL Park, the home stadium of
797:"M. Night Shyamalan's 'Glass' joins these 21 other films shot in the Lehigh Valley," Lehigh Valley Live, September 24, 2019
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metropolitan area as of 2023. The 24-story building is 322 feet (98 m) tall. It is located at the intersection of
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Louisville Gas and Electric and Kentucky Utilities, which serves 1.3 million customers in nearly 100 counties across
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On June 6, 2014, PPL announced it would divest its electrical generation facilities to a newly formed company,
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In 1995, the company reorganized as a holding company. PP&L Resources was renamed PPL Corporation in 2000.
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In 2011, PPL completed the acquisition of two regulated regional electricity distribution companies in the
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391:. Along with two previously acquired regional electricity distribution companies, the company operates as
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747:"PPL CEO says utilities focused on investing in sustainable energy, delivering fair shareholder returns"
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625:"Philadelphia Union and Subaru of America Announce Stadium Naming Rights Partnership"
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647:"NorthWestern Energy closes deal to purchase PPL Montana hydroelectric facilities"
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712:"Narragansett Electric Company sold to Pennsylvania company - The Boston Globe"
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starting with the 2014 season. PPL paid an undisclosed sum over ten years.
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In 2014, the company's hydroelectric facilities were sold to NorthWestern.
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After PPL spun off its non-regulated generation business into the separate
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in capacity, representing the largest expansion in the company's history.
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365:. As part of the $ 25 million, 11-year deal, PPL EnergyPlus provided
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479:, which is the tallest building in Allentown and greater
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For a century, the company had been headquartered at the
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The company limited its operations to Pennsylvania until
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In 2010, PPL completed the acquisition of two regulated
627:(Press release). Philadelphia Union. February 18, 2020
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Non-renewable resource companies established in 1920
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Vincent Sorgi, President and Chief Executive Officer
685:"Talen Energy launches Monday, sells stock Tuesday"
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884:Hydroelectric power companies of the United States
265:, the company's former headquarters, at 9th and
864:Companies listed on the New York Stock Exchange
161:1,374,000,000 United States dollar (2022)
840:Pennsylvania Power & Light Company records
869:Electric power companies of the United States
8:
904:Nuclear power companies of the United States
599:"Talen Energy Assumes Stadium Naming Rights"
30:
772:"Allentown hockey arena will be PPL Center"
894:Natural gas companies of the United States
859:Companies based in Allentown, Pennsylvania
369:to PPL Park derived from other sources in
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29:
735:An update for our Rhode Island Customers
228:. The company is publicly traded on the
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889:Infrastructure in Louisville, Kentucky
216:is an energy company headquartered in
710:Fitzpatrick, Edward (18 March 2021).
662:"PPL, Riverstone create Talen Energy"
540:were used in the 1954 motion picture
7:
874:Energy companies established in 1920
288:in central Pennsylvania through the
817:Business data for PPL Corporation:
687:. The Morning Call. Archived from
575:Jasner, Andy (February 25, 2010).
461:awards for customer satisfaction.
446:awards for customer satisfaction.
423:PPL owns the naming rights to the
25:
36:
660:Poole, Claire (June 10, 2014).
276:PPL Corporation was founded as
799:, retrieved February 15, 2022.
278:Pennsylvania Power & Light
1:
683:Kraus, Scott (June 1, 2015).
513:Louisville Gas & Electric
336:Louisville Gas & Electric
292:in eastern Pennsylvania, and
117:645 Hamilton St., Suite 601,
920:
778:. Allentown. February 2013
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393:Western Power Distribution
844:Hagley Museum and Library
444:J.D. Power and Associates
318:, which added over 2,500
302:Northeastern Pennsylvania
282:Northeastern Pennsylvania
35:
577:"PPL buys naming rights"
230:New York Stock Exchange
218:Allentown, Pennsylvania
119:Allentown, Pennsylvania
100:; 104 years ago
27:American energy company
536:Exterior shots of the
508:LG&E and KU Energy
437:American Hockey League
433:Lehigh Valley Phantoms
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193:more than 6,500 (2022)
813:PPL Official Web Site
489:Center City Allentown
363:Chester, Pennsylvania
316:Montana Power Company
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751:Daily Energy Insider
579:. Philadelphia Union
487:and 9th streets in
355:Major League Soccer
240:and is part of the
189:Number of employees
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18:Rhode Island Energy
776:Lehigh Valley Live
603:Philadelphia Union
532:In popular culture
518:Kentucky Utilities
431:, which hosts the
367:sustainable energy
359:Philadelphia Union
344:Kentucky Utilities
334:-based utilities,
284:, stretching from
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224:region of eastern
89:Electric utilities
565:, PPL Corporation
495:645 Hamilton St.
411:National Grid plc
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16:(Redirected from
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689:the original
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664:. The Street
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583:February 26,
581:. Retrieved
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563:"Who We Are"
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538:PPL Building
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499:Subsidiaries
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477:PPL Building
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471:PPL Building
465:PPL Building
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403:Talen Energy
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378:Talen Energy
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371:Pennsylvania
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326:21st century
312:deregulation
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298:Wilkes-Barre
277:
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263:PPL Building
253:20th century
226:Pennsylvania
213:
212:
183: (2022)
149: (2022)
113:Headquarters
105:June 4, 1920
98:June 4, 1920
45:Company type
827:SEC filings
609:December 1,
382:Subaru Park
269:streets in
242:S&P 500
147:7.9 billion
75:S&P 500
853:Categories
757:2019-11-18
721:2021-03-18
550:References
524:PPL Global
459:J.D. Power
425:PPL Center
340:Louisville
175:Net income
131:Key people
668:March 18,
429:Allentown
348:Lexington
286:Lancaster
271:Allentown
77:component
57:Traded as
631:July 31,
485:Hamilton
455:Virginia
451:Kentucky
332:Kentucky
320:megawatt
294:Scranton
267:Hamilton
85:Industry
695:June 1,
435:of the
395:(WPD).
248:History
236::
220:in the
198:Website
140:Revenue
103: (
95:Founded
68::
832:Yahoo!
822:Google
296:, and
203:pplweb
49:Public
361:, in
784:2013
697:2015
670:2015
633:2020
611:2015
585:2010
453:and
342:and
261:The
234:NYSE
205:.com
145:US$
124:U.S.
66:NYSE
427:in
357:'s
346:in
338:in
300:in
238:PPL
232:as
70:PPL
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
