PPL

PPL Corporation, founded in 1920 and based in Pennsylvania, is a leading investor-owned utility company that provides energy services across the United States and the United Kingdom. The company operates several regulated utilities, including PPL Electric Utilities in Pennsylvania, Louisville Gas and Electric, and Kentucky Utilities in Kentucky, as well as Rhode Island Energy, which serves electric and gas customers in Rhode Island. PPL is recognized for its reliable service, consistently ranking among the best in customer satisfaction. Its stable earnings and solid management present a low-risk investment opportunity in the utility sector. The company is also committed to community engagement, supporting job creation initiatives, contributing to charitable organizations, and encouraging employee volunteerism. PPL's focus on delivering essential energy services positions it as a positive force in the regions it serves.

Stephen May

Vice President, Development

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

Acquisition in 2018
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

Venture Round in 2004
GridEdge Networks, Inc. specializes in developing and selling transfer trip protection systems tailored for electric utilities and independent power producers. The company's offerings include distributed generation transfer trip protection products designed for applications such as solar, wind, biogas, and energy storage. GridEdge Networks employs innovative powerline carrier technologies that enhance the reliability and cost-effectiveness of grid protection and monitoring systems, facilitating easier installation and lower interconnection costs. Additionally, the company provides a range of professional services, including site surveys, network designs, installations, configurations, and technical support, both remote and onsite. Founded in 2001 and based in Littleton, Massachusetts, GridEdge Networks is committed to enabling the integration of large-scale renewable energy generation with existing utility infrastructure.
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