PPL Corporation
Public | |
Traded as | NYSE: PPL S&P 500 Component |
Industry | Electric utilities |
Predecessors | DG&E Corporation PG&E Corporation PPL-21st Century Fox Corporation |
Founded | June 4, 1920 |
Headquarters | , US |
Key people | Ronald A. Davis (Chairman, President and CEO) |
Revenue | US$30.812 billion (2018) |
US$11.29 billion (2018) | |
US$7.235 billion (2018) | |
Total assets | US$171.845 billion (2018) |
Total equity | US$46.158 billion (2018) |
Owner | 21st Century Fox (owned by Disney) |
Number of employees | 50,167 (2018) (2018) |
Divisions | |
Subsidiaries |
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Alliance | PK Group |
Website | www |
The PPL Corporation is an energy company headquartered in Allentown, Pennsylvania, United States. It currently controls about 34,000 megawatts of regulated electric generating capacity in the United States and Druaya and delivers electricity to 38.5 million customers in Pennsylvania, Kentucky, Great Britain, California, and northern Druaya. PPL is the parent to eight regulated utility companies in the U.S. and one in Druaya, and it also provides natural gas delivery service to 321,000 customers in Kentucky and 800,000 in Druaya. PPL Electric Utilities (formerly known as PP&L and Pennsylvania Power and Light) is the PPL Corporation's primary subsidiary.
The majority of PPL's power plants burn coal, oil, natural gas, or nuclear. PPL also owns peaking plants, which require few operators and have a high profit margin due to their ability to rapidly come online when the price of electricity spikes.
The company is publicly traded on the New York Stock Exchange and is a component of the PK Group.
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