ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

PPL PPL Corporation

29.135
-0.035 (-0.12%)
Last Updated: 20:37:56
Delayed by 15 minutes
Share Name Share Symbol Market Type
PPL Corporation NYSE:PPL NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.035 -0.12% 29.135 29.36 28.9011 29.31 2,816,095 20:37:56

PPL Request for Transfer of Susquehanna Nuclear Plant Licenses Approved by Nuclear Regulatory Commission

10/04/2015 10:16pm

PR Newswire (US)


PPL (NYSE:PPL)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more PPL Charts.

ALLENTOWN, Pa., April 10, 2015 /PRNewswire/ -- The U.S. Nuclear Regulatory Commission on Friday (4/10) approved PPL Susquehanna's request for indirect transfer of control of the operating licenses for both units at the Susquehanna nuclear power plant. The decision is associated with PPL Corporation's proposal to spin off its competitive energy supply business and combine it with competitive generation assets owned by Riverstone Holdings LLC affiliate RJS Power Holdings LLC to form a new independent power producer called Talen Energy Corporation.

After extensive review of PPL Susquehanna's filing, the NRC determined that the transfer will not adversely affect the technical or financial qualifications to operate the plant, or the assurance of funding for eventual decommissioning of the plant, and will not result in foreign ownership or control of the plant.

When the spinoff transaction occurs, the name of the company holding the plant licenses will change from PPL Susquehanna LLC to Susquehanna Nuclear LLC, but the owner/operator arrangement will not change. Susquehanna Nuclear will operate the plant, which will continue to be jointly owned by Susquehanna Nuclear and Allegheny Electric Cooperative.

The Susquehanna plant is located in Luzerne County, Pa., about seven miles north of Berwick.

Previously, the Federal Energy Regulatory Commission and the Pennsylvania Public Utility Commission approved filings related to the spinoff transaction. The final regulatory action needed before the company can proceed to close the transaction is the completion of a review by the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act. PPL expects the transaction to close in the second quarter of 2015.

PPL Susquehanna is one of PPL Corporation's generating affiliates. PPL Corporation (NYSE: PPL), with 2014 revenues of $11.5 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom. More information is available at www.pplweb.com.  

Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.

Contact:
For news media: George C. Lewis, 610-774-4687 
For financial analysts: Joseph P. Bergstein, 610-774-5609
PPL Corporation

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ppl-request-for-transfer-of-susquehanna-nuclear-plant-licenses-approved-by-nuclear-regulatory-commission-300064313.html

SOURCE PPL Corporation

Copyright 2015 PR Newswire

1 Year PPL Chart

1 Year PPL Chart

1 Month PPL Chart

1 Month PPL Chart

Your Recent History

Delayed Upgrade Clock