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Security Profile
- Security Type
- Common Stock
- CUSIP
- 69351T106
- Market Cap
- Large Cap
- Previous Name
- PP&L Resources, Inc.
Business: PPL Corp. is one of the largest companies in the U.S. utility sector. PPL Corp. is a leading U.S. energy company focused on providing electricity and natural gas. It operates though is subsidiaries Louisville Gas and Electric and Kentucky Utilities, PPL Electric Utilities and Rhode Island Energy.
Notes: April 29, 2015 -- PPL Corporation (NYSE: PPL) today announced the timing of and additional details regarding the spinoff of its competitive power generation business, PPL Energy Supply, LLC, to PPL shareowners and the combination of that business with the competitive power generation business (RJS Power) owned by affiliates of Riverstone Holdings LLC to form Talen Energy Corp. Immediately after the spinoff and combination, Talen Energy will be an independent, publicly traded company listed on the NYSE and will own and operate the combined competitive power generation businesses of Energy Supply and RJS Power, with PPL's shareowners owning 65% of Talen Energy's outstanding common stock and affiliates of Riverstone owning the remaining 35%. Talen Energy common stock is expected to begin trading on a when-issued basis on the NYSE under the symbol TLN WI beginning on May 18, 2015. On June 2, 2015, regular way trading of Talen Energy common stock under the symbol TLN is expected to begin. PPL will have no continuing involvement in Talen Energy or its businesses.
Company Contact
- CEO
- Vincent Sorgi
- CFO
- Joseph P. Bergstein, Jr.
- Headquarters
- Two North Ninth Street, Allentown, PA 18101
- Phone
- 610-774-5151 · Toll-Free 800-345-3085
- Fax
- 610-774-5106
- Investor Relations
- 610-774-5151 · invrel@pplweb.com