PP & L began working on plans to reduce its sulfur dioxide emissions by about 50 percent by 2000 because of pollution provisions in the 1990 Clean Air Act amendments. Dec 18 2012: SET FOR ARGUMENT ON Wednesday, Fedruary 20, 2013: Dec 19 2012: Brief amici curiae of Entergy Corporation, et al. PP & L also supplied small industry and agriculture in the Susquehanna River valley north of Harrisburg, capital of Pennsylvania. Encouraged by the initial response, PP & L expanded the program in 1987. The power-sharing arrangement with Pennsylvania, New Jersey, and Maryland companies also was proving financially beneficial since PP & L was putting more electricity into the pool than it took out. A New Name in the New Era of the 21st Century. We also deliver natural gas and generate electricity in Kentucky. ALLENTOWN, Pa., Nov. 5, 2020 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (11/5) announced third-quarter 2020 reported earnings (GAAP) of $281 million, or $0.37 per share, compared with third-quarter 2019 reported earnings of $475 million, or $0.65 per share. In addition, PP & L planned $315 million in construction between 1965 and 1969, including two new power plants. The parent company also restructured its units. Mining its own coal had become more expensive than buying it on the open market and many of the company's mines were depleted. The company's growth efforts continued. The international regulated delivery segment operates distribution networks providing electricity service to customers in the United Kingdom. The firm supplied a population of 2.1 million people in a large number of communities including Allentown, Wilkes-Barre, Harrisburg, Lancaster, Bethlehem, Williamsport, Hazelton, Pottsville, Shenandoah, Shamokin, Mt. It also sold its steam heating operations in Wilkes-Barre, Pennsylvania, in 1951, leaving it with steam operations in Harrisburg and Scranton, Pennsylvania. While much of the United States began to feel the effects of the Great Depression, PP & L and most other electric utilities remained somewhat shielded from financial ruin because of their status as protected, regulated monopolies. As a result, 18 fuel dealers brought suit against the firm in 1991 claiming that PP & L's use of $25 million in cash grants and advertising subsidies to lower rates and lure new customers violated antitrust laws. PPL Corporation's integrated business strategy&mdash well as its commitment to its customers and the communities it serves--is making the company one of the most successful generation-owning marketers of electricity in the evolving U.S. market, a premier energy delivery company in the Mid-Atlantic region, and a leading international energy company. Cleaning up these problems proved costly over the next several years. Reported earnings for the first nine months of 2020 were $1.18 billion, or $1.53 per share, compared with $1.38 … delivered the opinion of the Court. In 1949 and 1951, PP & L sold all of its gas operations. PPL Corporation (PPL) FORM 10-K | Annual Report. Pennsylvania's electric and energy market became fully deregulated and the Pennsylvania Public Utility Commission granted PP & L Resources a license to sell its services in the state--PP & L was the first utility in the state to be granted such a license. At this time, it had nearly 7,000 employees and operated in about 10,000 square miles of east central Pennsylvania. 2019. Our Structure. PP & L used coal for 96 percent of its fossil fuel needs. The purchase of local companies continued and the firm also acquired the majority of assets from Bangor Hydro-Electric Company based in Maine. All rights reserved. Some political pressure was put on PP & L to change this practice, but it resisted, pointing out that it already encouraged rural electrification in other ways. PP & L Global also continued to increase its interest in Empresas Emel. Director of Uptown Music Collective strikes a…, PPL’s fall charitable giving campaigns raise a…, More than $2.2 million on the way to assist…, PPL General Counsel to Retire June 1, 2021, Louisville Gas & Electric and Kentucky Utilities. Fulfilling that commitment takes dedication, hard work and resources. It was at this time that female engineers first began to work on company crews. We are concentrating our efforts in the East, where we already are one of the largest suppliers, and in the West, where we established a base of operations in Montana last year.'. Petitioner PPL Corporation (PPL) was an owner, through a number of subsidiaries, of 25 percent of South Western Electricity plc, 1 of 12 government-owned elec-tric companies that were privatized in 1990 and that were subject to the tax. Copyright (c) 2019 Company-Histories.com. PP & L added hundreds of miles of high-voltage transmission lines to its system in the 1920s and 1930s, also building a 220,000-volt interconnection with two urban utilities, Philadelphia Electric Company and Public Service Electric & Gas Company of New Jersey. Small electric companies proliferated at this time, and by 1900, 64 companies served 88 communities in the area PP & L later would serve. Through its regulated utility subsidiaries, Co. delivers electricity to customers in United Kingdom, Pennsylvania, Kentucky, and Virginia; delivers natural gas to customers in Kentucky; and … The new company operated 62 steam electric and hydroelectric generating plants. The year 1997 proved to be a banner year for the company. Through our regulated utility subsidiaries, we deliver electricity to customers in the U.K., Pennsylvania, Kentucky and Virginia. PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. One year later, the firm secured more than one million customers and the Pennsylvania Public Utility Commission (PUC) approved a $101 million annual rate increase for PP & L that went into effect in 1982. Dec 14 2012: Brief amici curiae of Patrick J. Smith, et al. We are finding ways to accommodate a more flexible, two-way flow of electricity, creating more efficiencies, and connecting more distributed energy resources like micro-grids, solar, electric vehicles and battery storage to the grid. Please enable javascript in your browser in order to view properly. At the same time, the electric utilities industry experienced another wave of consolidation prompted by deregulation. PP & L spent about $850 million on construction between 1987 and 1989. In 1977, PP & L appointed an outsider as president when it named Robert K. Campbell, formerly with Western Electric, to the position. ALLENTOWN, Pa., Aug. 10, 2020 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today that it is initiating a formal process to sell its U.K. utility business in order to position PPL as a purely U.S.-focused utility holding company and create additional shareowner value. It also bought a 25 percent stake in British firm South Western Electricity plc. PPL Corporation published this content on 19 October 2020 and is solely responsible for the information contained therein. We see them around but we don't know what goes on behind the scenes. PPL Electric Utilities (formerly known as PP&L and Pennsylvania Power and Light) is the PPL Corporation's primary subsidiary. PP & L began operating its own coal mines when commercial coal companies proved unable to meet the terms of PP & L's contracts. The firm ushered in the new era by changing its corporate structure once again. It is Pennsylvania's third most populous city and the 233rd largest city in the United States. In 1998, PP & L Global and Empresas Emel bought a 75 percent stake in Distributidora de Electricidad del Sur S.A. de C.V., an electrical distribution company in El Salvador. Lyons, Inc., a mechanical and contracting and engineering firm. PPL Corp.'s international customer base includes 4.4 million consumers in Chile, Bolivia, Brazil, El Salvador, and the United Kingdom. PPL Services - PPL Services Corporation, a subsidiary of PPL that provides administrative, management and support services to PPL and its subsidiaries. Assets See insights on PPL Corporation including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. The company's Susquehanna nuclear power plant, delayed for years, was finally completed at a cost of more than $4 billion in 1982. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. In 1980, Standard Oil Company of Ohio signed an agreement with a PP & L subsidiary under which Standard mined coal on certain PP & L properties. The firm also had began pooling power with other companies in Pennsylvania, New Jersey, and Maryland. The firm began aggressive marketing to homeowners and new homebuilders, urging them to use electric heat. PPL CORPORATION & SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. Like many other U.S. utilities, PP & L went through an important growth period in the 1920s, buying out other utilities, which in turn already had bought smaller utilities. When Devraj Banerjee dons virtual reality headgear in a room at PPL’s headquarters in downtown Allentown, it covers his eyes, but his view of the job at hand is expanded like never before. Subsidiary PP & L EnergyPlus Co. was created later that year. PPL has set a more aggressive carbon reduction goal of at least 80% from 2010 levels by 2050 and has accelerated its previous 70% goal by 10 years to 2040. The suit was finally settled in 1997. In addition, the company discovered that fuel oil was leaking into groundwater at its Brunner Island generating station and that filters from that plant contained enough cadmium to be considered hazardous waste. Carmel, Sunbury, and Scranton. Brief of petitioner PPL Corporation and Subsidiaries filed. St. James Press, 2001. It also acquired 13 Montana power plants for $1.6 billion--the largest deal in company history. As consolidation began to sweep through the electric utilities industry in the 1920s, it became commonplace for electric utility firms to merge into small regional companies. PPL’s family of companies works tirelessly to monitor, repair and upgrade PPL’s power grid daily. PPL Corporation Exhibit 21 Subsidiaries of the Registrant At December 31, 2016 The following listing of subsidiaries omits subsidiaries which, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2016. A dip in sales in the mid-1980s was caused by a weakening national economy. Contacts for news media: PPL Corporation, Lissette Santana , … Its past performance and strategic initiatives led management to believe that the firm's good fortune would last well into the new millennium. With power plants in Pennsylvania, Maine, and Montana, the firm also provides wholesale and retail energy to 42 states as well as Canada. Paul T. 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ppl corporation subsidiaries

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