PPL Corporation

November 3, 2009 -- Approval by the Federal Energy Regulatory Commission of a request by PPL Holtwood, LLC, is a significant milestone in the plan to increase generation of clean, renewable energy and improve migratory fish passage, the company said Tuesday (11/3).

“Expanding the Holtwood plant is part of PPL’s commitment to make sound financial investments while increasing the proportion of non-fossil-fuel resources in our strong generation portfolio,” said Victor N. Lopiano, PPL’s senior vice president-Fossil and Hydro Generation. “We appreciate FERC’s timely action on our application.”

About 40 percent of the electricity PPL generates annually comes from nuclear, hydroelectric and renewable sources that do not emit carbon dioxide to the atmosphere, he said.    » read more »

PPL Montana welcomed federal, state and local officials on Thursday (10/15) to celebrate the start of the $230 million project to expand the Rainbow hydroelectric plant for a second century of producing clean, renewable energy.

“PPL Montana is recommitting itself to the tradition of renewable energy development that has been part of Montana’s history and the Great Falls area for more than 100 years,” said Pete Simonich, vice president and chief operating officer of PPL Montana.    » read more »

Customers looking to save energy will soon have more help. PPL Electric Utilities will begin rolling out more than a dozen new energy efficiency programs over the next few months.

The programs, approved Thursday (10/15) by the Pennsylvania Public Utility Commission, will offer something for all customer groups. They are PPL Electric Utilities’ response to Pennsylvania Act 129, which requires utilities to help customers reduce electric use and peak demand.

“Our programs provide great incentives to improve your home or business and save energy,” said David G. DeCampli, president of PPL Electric Utilities. “These programs will reward you if you buy, build, renovate and act with energy efficiency in mind. They can help you save money and protect the environment.”    » read more »

July 1, 2009 -- PPL Corporation (NYSE: PPL) announced Wednesday (7/1) that its PPL Maine subsidiary has signed a definitive agreement to sell the majority of PPL Maine’s hydroelectric generation business to Black Bear Hydro Partners, LLC, an affiliate of ArcLight Capital Partners, LLC, for a total of approximately $95 million, subject to the receipt of various state and federal regulatory approvals and consents.

The total purchase price includes certain contingent consideration that would be realized upon completion of PPL’s previously announced sale, which is currently pending the receipt of certain state and federal regulatory approvals, of three other hydroelectric facilities to the Penobscot River Restoration Trust.    » read more »

June 1, 2009 -- PPL Corporation (NYSE: PPL) announced on Friday (5/29) that its generation subsidiary has signed a definitive agreement to sell its Long Island generation business to J-POWER USA Development Co., Ltd. for approximately $135 million plus working capital, subject to the receipt of various state and federal regulatory approvals and consents.

The business consists of PPL Edgewood Energy, LLC and PPL Shoreham Energy, LLC, which own, respectively, the Edgewood generating facility, a 79.9-megawatt natural gas-fired electric generation facility in Brentwood, N.Y.; and the Shoreham generating facility, a 79.9-megawatt oil-fired electric generation facility in Brookhaven, N.Y. The output of both facilities is fully contracted to the Long Island Power Authority.    » read more »