PPL Corporation, founded in 1920 and based in Pennsylvania, is a leading investor-owned utility company that offers energy services primarily in the United States and the United Kingdom. The company operates several utility subsidiaries, including Western Power Distribution, Louisville Gas and Electric, Kentucky Utilities, and PPL Electric Utilities, which are recognized for their high-quality service and customer satisfaction. PPL is known for its stable earnings and secure dividends, making it an appealing choice for investors seeking low-risk opportunities in the utility sector. The organization is also committed to social responsibility, contributing to local communities through job creation programs and charitable donations. Additionally, PPL provides its employees with various career growth opportunities and sponsors a non-contributory defined benefit pension plan, underscoring its dedication to both workforce development and community enhancement.
Executive Vice President and Chief Financial Officer
William Spence
Chairman and Chief Executive Officer
5 past transactions
Narragansett Electric
Acquisition in 2021
Narragansett Electric is the largest electricity transmission and distribution service provider to Rhode Island, as well as a natural gas distributor in the state, serving approximately 780,000 customers.
Safari Energy, LLC is a renewable energy company based in New York that specializes in the development, ownership, and operation of commercial-scale solar photovoltaic energy systems. Since its founding in 2008, Safari Energy has focused on providing solar solutions for a diverse range of clients, including educational institutions, municipalities, office buildings, retail spaces, industrial facilities, and agricultural clients. The company manages projects throughout all phases of development, from initial planning and financing to design, engineering, construction, and ongoing asset management. By utilizing long-term power purchase agreements, Safari Energy sells the energy generated directly to end users, enabling them to optimize their returns through solar power deployment. As of 2018, Safari Energy operates as a subsidiary of PPL Corporation.
AES Ironwood
Acquisition in 2012
Engages in the development, construction, ownership, operation, and maintenance of a 705-megawatt gas-fired.
AES Prescott
Acquisition in 2012
The company was founded in 1998 and is based in the United States.
GridEdge Networks, Inc. specializes in developing and selling transfer trip protection systems designed for electric utilities and independent power producers. The company offers distributed generation transfer trip protection products and services suitable for various applications, including solar, wind, biogas, and energy storage. Located in Littleton, Massachusetts, GridEdge Networks focuses on providing reliable and cost-effective grid protection and monitoring solutions that utilize innovative powerline carrier technologies. These products facilitate the deployment of protection and monitoring applications while effectively leveraging existing infrastructure and utility assets. In addition to its core offerings, the company provides professional services such as site surveys, network designs, installations, configurations, and technical support, both remote and onsite. Founded in 2001, GridEdge Networks aims to enhance the efficiency and reliability of electricity distribution networks.