UBS Reiterates Buy on PPL Corp. (PPL) Following 3Q Report
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Utilities partner to enhance power grid preparedness: Southern Company, LG&E and KU, PPL Electric Utilities and TVA establishing equipment sharing program
November 1, 2016 2:00 PM EDTATLANTA, Nov. 1, 2016 /PRNewswire/ -- Southern Company, along with Louisville Gas and Electric Company and Kentucky Utilities Company (LG&E and KU), PPL Electric Utilities and the Tennessee Valley Authority (TVA), today announced a new initiative designed to enhance the resiliency and reliability of the power grid by providing additional sources for obtaining critical equipment following disastrous events.
The initiative known as RESTORE, or Regional Equipment Sharing for Transmission Outage Restoration will establish a voluntary program where participants identify spare transformers and other transmission equipment... More
PPL Corporation Reports Third-Quarter Earnings
November 1, 2016 7:00 AM EDTALLENTOWN, Pa., Nov. 1, 2016 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Tuesday (11/1) announced third-quarter 2016 reported earnings (GAAP) of $473 million, or $0.69 per share, an increase from third-quarter 2015 reported earnings of $393 million, or $0.58 per share.
Reported earnings for the first nine months of 2016 were $1.4 billion, or $2.11 per share, an increase from $283 million, or $0.42 per share, for the first nine months of 2015. The company's results for the first nine months of 2015 reflected a loss from discontinued operations of $915 million, or $1.36 per share, resulting primarily from the June 1 spinoff of its competitive generation business.
Adjusting for special... More
