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. PPL Corporation, headquartered in Allentown, Pennsylvania, is the parent company to seven regulated utility companies. The central effort focused on pricing schemes that would sell more power during off-peak hours, increasing company revenue without requiring the construction of new power plants. Fulfilling that commitment takes dedication, hard work and resources. The year 1997 proved to be a banner year for the company. The new company operated 62 steam electric and hydroelectric generating plants. The PPL Corporation is an energy company headquartered in Allentown, Pennsylvania, USA.It currently controls about 8,000 megawatts of regulated electric generating capacity in the United States and delivers electricity to 10.5 million customers in Pennsylvania, Kentucky, and Great Britain.It also provides natural gas delivery service to 321,000 customers in Kentucky. Please enable javascript in your browser in order to view properly. This fall, the company's charitable giving campaigns in the U.S. raised a record $7 million in employee and retiree pledges, together with matching funds from the corporation's foundations. filed. Power Markets Development Co., an unregulated subsidiary, also was formed to handle domestic and international power ventures. The decision to proceed with the sale process follows a comprehensive strategic review by PPL's Board of Directors … 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. PPL Corporation is a holding company that has 3 main sectors of activities: 42.40%: Production and sales of electricity in the USA It also bought a 25 percent stake in British firm South Western Electricity plc. It was at this time that female engineers first began to work on company crews. As a result, the firm formed the Retail Energy Supply unit to provide consumers with its services in the new markets. By 1990, PP & L's total generating capacity was 7.9 million kilowatts. 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 … By the following year, the company had 487,000 customers, and revenue of $62 million. Robert Campbell died and John T. Kauffman was named company president. Utility operations were now called PP & L Inc., Spectrum Energy Services Corp. changed its name to PP & L Spectrum, and Power Markets Development Co. took the name PP & L Global. 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. 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. PP & L owned one hydroelectric and eight steam power-generating stations and had 29,000 miles of transmission lines. CONDENSED CONSOLIDATED FINANCIAL INFORMATION (1) Condensed Consolidated Balance Sheets (Unaudited) (Millions of Dollars) September 30, December 31, 2020. 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. 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. At the same time, the electric utilities industry experienced another wave of consolidation prompted by deregulation. Pennsylvania Power & Light Company (PP & L) grew out of the consolidation of eight small Pennsylvania electric utilities in the first two decades of the 20th century. (2010) (diagram of PPL … Covering more than 36,000 square miles, PPL Corporation’s regulated utilities provide power to customers in Kentucky, Pennsylvania 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. By 1972, PP & L owned seven steam, two hydroelectric, 11 combustion turbine, and five diesel-engine generating stations with a total capacity of about four million kilowatts. The firm operated seven coal-fired plants, one nuclear plant, two oil-fired plants, ten natural gas plants, 19 hydro plants, and 23 combustion turbine power plants. The company also began consulting with industrial customers to enhance their uses for electricity. The firm also increased its interest in South Western Electricity plc to 49 percent. PP & L, backed by another holding company called the Lehigh Power Securities Corporation, sold stocks and bonds to the public, but kept control of voting common stock of the utilities. Its past performance and strategic initiatives led management to believe that the firm's good fortune would last well into the new millennium. Finally, we can read about how these great companies came about with Company Histories.. As consumers, we often take for granted all the hard work that goes into building a great company. PPL also set plans in motion to develop power plants in Washington and Arizona as part of its strategic move to double its operating capacity in the Western region of the United States. PP & L decided to phase out its affiliated mining companies beginning in 1991, instead buying its coal through contract and on the open market. Net income for 1978 was $149 million. PPL’s family of companies works tirelessly to monitor, repair and upgrade PPL’s power grid daily. In response, the firm developed energy conservation programs for its residential consumers as well as an advisory panel to deal with the energy crisis. Carmel, Sunbury, and Scranton. By 1964, 29 percent of the company's electric revenue came from industrial customers. Source: International Directory of Company Histories, Vol. Principal Subsidiaries: PPL EnergyPlus LLC; PPL Electric Utilities Corp.; PPL Gas Utilities Corp.; PPL Generation LLC; PPL Global LLC; PPL Service Corp. Principal Competitors: Allegheny Energy Inc.; Exelon Corp.; GPU Inc. PP & L also supplied small industry and agriculture in the Susquehanna River valley north of Harrisburg, capital of Pennsylvania. That goes into building a great company the Pennsylvania Water & power company new conventionally power. Homebuilders, urging them to use electric heat utility holding company for eight such utilities 1964 29. 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