In 1947, PP & L acquired two electric utilities and the Allentown, Pennsylvania, operations of another. Feb. 14, 2020 4:10 PM | The firm ushered in the new era by changing its corporate structure once again. The early PP & L primarily supplied power for industry in Pennsylvania's coal mining and steel producing region, concentrated in the Lehigh River valley. Principal Subsidiaries: PPL EnergyPlus LLC; PPL Electric Utilities Corp.; PPL Gas Utilities Corp.; PPL Generation LLC; PPL Global LLC; PPL Service Corp. It is Pennsylvania's third most populous city and the 233rd largest city in the United States. T. HOMAS. When Devraj Banerjee dons virtual reality headgear in a room at PPL’s headquarters in downtown Allentown, it covers his eyes, but his view of the job at hand is expanded like never before. The utilities included several small electric lighting companies formed in the 1880s in eastern Pennsylvania and the Edison Electric Illuminating Company of Sunbury, used by Thomas Edison to perfect central-station incandescent lighting in small cities and towns in Pennsylvania. Company plans included increased expansion with a concentration on wholesale sales of electricity. Covering more than 36,000 square miles, PPL Corporation’s regulated utilities provide power to customers in Kentucky, Pennsylvania and the United Kingdom. The purchase of local companies continued and the firm also acquired the majority of assets from Bangor Hydro-Electric Company based in Maine. PP & L Resources became PPL Corporation, a holding company with four business units including PPL Utilities, PPL EnergyPlus, PPL Global, and PPL Generation. And our four U.K. utilities were ranked by U.K. regulator Ofgem as the top four for customer satisfaction in the U.K. PPL is driven daily by a determination to ensure that each of our customers has the power they count on every day. Its subsidiary, Power Markets Development Co., began a joint venture with an Austria-based company to manage hydroelectric plants in several Latin American countries. It was at this time that female engineers first began to work on company crews. See 135 T. C. 304, 307, App. A New Name in the New Era of the 21st Century. 2019. Some political pressure was put on PP & L to change this practice, but it resisted, pointing out that it already encouraged rural electrification in other ways. By the end of the decade, PP & L was considered one of the best-managed utilities in the United States, with a profit margin of 17 percent, compared with a U.S. industry average of 12 percent. Through our regulated utility subsidiaries, we deliver electricity to customers in the U.K., Pennsylvania, Kentucky and Virginia.We also deliver natural gas and generate electricity in Kentucky. Cleaning up these problems proved costly over the next several years. Through our regulated utility subsidiaries, we deliver electricity to customers in the U.K., Pennsylvania, Kentucky and Virginia. (2010) (diagram of PPL … Industry and Company Origins in the Early 20th Century. 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. The firm also had began pooling power with other companies in Pennsylvania, New Jersey, and Maryland. Finally, we can read about how these great companies came about with Company Histories.. While much of the United States began to feel the effects of the Great Depression, PP & L and most other electric utilities remained somewhat shielded from financial ruin because of their status as protected, regulated monopolies. In 1980, Standard Oil Company of Ohio signed an agreement with a PP & L subsidiary under which Standard mined coal on certain PP & L properties. Contacts for news media: PPL Corporation, Lissette Santana , … PP & L spent about $850 million on construction between 1987 and 1989. The international regulated delivery segment operates distribution networks providing electricity service to customers in the United Kingdom. Pennsylvania's electric and energy market became fully deregulated and the Pennsylvania Public Utility Commission granted PP & L Resources a license to sell its services in the state--PP & L was the first utility in the state to be granted such a license. The vast majority of its power plants are fossil fuel powered. In 1953, it acquired Scranton Electric Company and in 1955, it laid claim to the Pennsylvania Water & Power Company. We are finding ways to accommodate a more flexible, two-way flow of electricity, creating more efficiencies, and connecting more distributed energy resources like micro-grids, solar, electric vehicles and battery storage to the grid. PPL Corporation Exhibit 21 Subsidiaries of the Registrant At December 31, 2016 The following listing of subsidiaries omits subsidiaries which, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2016. By 1990, PP & L's total generating capacity was 7.9 million kilowatts. In addition, PP & L planned $315 million in construction between 1965 and 1969, including two new power plants. filed. Through 2022, PPL will invest $14 billion in energy infrastructure improvements to deliver power more reliably and efficiently for more than 10 million customers worldwide. PP & L continued to look for ways to expand and began to shift its emphasis from regions that had mined out their coal to regions with fresh coal seams. By this time, the company's Energy Marketing Center was servicing 18 states. At this time, it had nearly 7,000 employees and operated in about 10,000 square miles of east central Pennsylvania. Allentown and Bethlehem were the largest cities in its territory, with populations of 90,000 and 60,000, respectively, in 1930. Privacy Policy. Our companies are addressing challenges head on, building a smarter, more reliable, more … At a time when community need is as great as ever, PPL is teaming up with employees and retirees to give back and make a difference. Power Markets Development Co., an unregulated subsidiary, also was formed to handle domestic and international power ventures. v. COMMISSIONER OF INTERNAL REVENUE . The energy grid is undergoing rapid transformation and PPL’s businesses continue to address new challenges head-on. Director of Uptown Music Collective strikes a…, PPL’s fall charitable giving campaigns raise a…, More than $2.2 million on the way to assist…, PPL General Counsel to Retire June 1, 2021, Louisville Gas & Electric and Kentucky Utilities. Allentown is a city located in Lehigh County, Pennsylvania, United States. This interconnection grew into one of the world's largest power pools, including many other electric utilities in a 48,700-square-mile area with a population of 18.4 million. The Energy Marketing Center also was established to buy and sell wholesale electricity. The decision to proceed with the sale process follows a comprehensive strategic review by PPL's Board of Directors … It also bought a 25 percent stake in British firm South Western Electricity plc. 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. 25393-07. Even so, PP & L's sales growth dropped to three percent in 1974 from seven percent in 1973. The firm also increased its interest in South Western Electricity plc to 49 percent. To encourage industrial use of power, the company charged industrial customers far lower rates than it charged residential and farm customers. Dec 14 2012: Brief amici curiae of Patrick J. Smith, et al. The company's major operating units include PPL Utilities, PPL EnergyPlus, PPL Generation, and PPL Global. PPL Corporation published this content on 19 October 2020 and is solely responsible for the information contained therein. 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. PPL Services - PPL Services Corporation, a subsidiary of PPL that provides administrative, management and support services to PPL and its subsidiaries. Much of that coal came from PP & L's own mines at below-market costs, helping to insulate the company from oil price increases. The company's Susquehanna nuclear power plant, delayed for years, was finally completed at a cost of more than $4 billion in 1982. In response, PP & L began the first of a series of incentive rates designed to increase usage and attract new industry. 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. At the same time, the electric utilities industry experienced another wave of consolidation prompted by deregulation. The firm supplied a population of 2.1 million people in a large number of communities including Allentown, Wilkes-Barre, Harrisburg, Lancaster, Bethlehem, Williamsport, Hazelton, Pottsville, Shenandoah, Shamokin, Mt. All rights reserved. Fulfilling that commitment takes dedication, hard work and resources. 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. PPL Corporation (NYSE: PPL) on Thursday (11/5) announced third-quarter 2020 reported earnings (GAAP) of $281 million, or $0.37 per share, compared … In 1973, it sold 6.5 billion kilowatt-hours to other companies in the pool and earned $67 million on revenue of $385 million. The company's aggressive growth strategy paid off and PP & L Resources secured the highest annual earnings in the firm's history. 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. The firm started the 1990s under new management. PPL Corporation, headquartered in Allentown, Pennsylvania, is the parent company to seven regulated utility companies. PPL Corp.'s direct domestic subsidiaries include the following: PPL EU, PPL Services Corporation, PPL Energy Funding Corporation, and LG&E and KU Energy LLC. St. James Press, 2001. Sales in 1999 reached $4.59 billion. learn how over 7,000 companies got started! 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. Like most modern websites, this site utilizes javascript. The company's growth efforts continued. In 1997, the subsidiary acquired a 25.2 percent interest in Empresas Emel S.A., fostering its international presence in Chile and Bolivia. PPL Corp. PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. The firm also restructured its ownership, leaving it with more than 70,000 stockholders. It continued to expand its territory in this way, acquiring five utilities in 1923, 34 in 1928, and 21 in 1930, including the Edison Electric Company of Lancaster, Pennsylvania, one of the earliest U.S. electric companies. 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. Attached to the Joint Application as Appendix "D" is an organizational chart showing PPL Corp. and its relevant domestic subsidiaries prior to … The Y2K issues that threatened utility firms throughout the world were nonexistent for PP & L Resources. By 1930, 70 percent of its power was used by industrial customers, and 45 percent of that went to coal mining operations. Increasing residential sales made up most sales that were lost to declining industry. The new company operated 62 steam electric and hydroelectric generating plants. PP & L decided to phase out its affiliated mining companies beginning in 1991, instead buying its coal through contract and on the open market. PPL is a regulated utility with three key subsidiaries. ALLENTOWN, Pa., Nov. 5, 2020 /PRNewswire/ -- PPL Corporation (NYSE: PPL) on Thursday (11/5) announced third-quarter 2020 reported earnings (GAAP) of $281 million, or $0.37 per share, compared with third-quarter 2019 reported earnings of $475 million, or $0.65 per share. PPL is also the parent company to Safari Energy, LLC, a leading provider of solar power solutions for commercial customers in the U.S. PPL’s businesses are among the very best in customer satisfaction. PP & L began working on plans to reduce its sulfur dioxide emissions by about 50 percent by 2000 because of pollution provisions in the 1990 Clean Air Act amendments. That year PP & L Resources also acquired H.T. By 1964, 29 percent of the company's electric revenue came from industrial customers. A Massachusetts-based mechanical and engineering company was also purchased. In 1985, the Pennsylvania PUC approved only $121 million of a $330 million rate increase requested by the utility, boosting electricity prices about eight percent. It operates through the following segments: U.K. PPL Corporation Exhibit 21 Subsidiaries of the Registrant At December 31, 2018 The following listing of subsidiaries omits subsidiaries which, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2018. Subsidiary PP & L EnergyPlus Co. was created later that year. Source: International Directory of Company Histories, Vol. PPL Corporation operates as an international energy company providing electricity and natural gas to more than 1.4 million consumers in Pennsylvania. As consumers, we often take for granted all the hard work that goes into building a great company. In 1995, subsidiary Spectrum Energy Services Corporation was created to manage new business opportunities. Our Structure. Its past performance and strategic initiatives led management to believe that the firm's good fortune would last well into the new millennium. Lyons, Inc., a mechanical and contracting and engineering firm. Net income for 1978 was $149 million. PPL Corp. is a utility holding company, which engages in the generation, transmission, and distribution of electricity. Mid-1930s--Early 1970s: Expansion and Growth. PPL Corp.'s international customer base includes 4.4 million consumers in Chile, Bolivia, Brazil, El Salvador, and the United Kingdom. The company's business dealings continued to grow and diversify, and in 1994 management decided to form a holding company called PP & L Resources Inc. to oversee the electric utility firm's operations. In 1977, PP & L appointed an outsider as president when it named Robert K. Campbell, formerly with Western Electric, to the position. The company implemented a strategy that stressed aggressive marketing, cost management, and increased sensitivity to customers. Small electric companies proliferated at this time, and by 1900, 64 companies served 88 communities in the area PP & L later would serve. Principal Competitors: Allegheny Energy Inc.; Exelon Corp.; GPU Inc. 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. Distributed by Public, unedited and unaltered, on 19 October 2020 12:29:00 UTC PPL revises carbon goal . We are concentrating our efforts in the East, where we already are one of the largest suppliers, and in the West, where we established a base of operations in Montana last year.'. Mining its own coal had become more expensive than buying it on the open market and many of the company's mines were depleted. PPL Corporation (NYSE: PPL) announced today (August 10) that it is initiating a formal process to sell its U.K. utility business in order to position PPL as a purely U.S.-focused utility holding company and create additional shareowner value. Reported earnings for the first nine months of 2020 were $1.18 billion, or $1.53 per share, compared with $1.38 … PP & L restructured to reflect industry changes and began to operate as a competitive power supplier. In response, the firm developed energy conservation programs for its residential consumers as well as an advisory panel to deal with the energy crisis. Sales and earnings continued to climb as the company entered the new millennium. Brief of petitioner PPL Corporation and Subsidiaries filed. VALLEY FORGE, Pa., March 6 - UGI Corporation (NYSE: UGI) announced that its subsidiary, UGI Utilities, Inc., has signed a definitive agreement to acquire the stock of PPL Gas Utilities Corporation (PPL Gas), the natural gas utility and retail propane distributor of PPL Corporation (NYSE: PPL), for approximately $268 million plus working capital. Held: The United Kingdom windfall tax enacted on July 2, 1997, and imposed on certain British utilities is a creditable tax under sec. We see them around but we don't know what goes on behind the scenes. Carmel, Sunbury, and Scranton. Paul T. Champagne, president of PPL Global, stated in a December 2000 press release, 'PPL is expanding in regions where there is an urgent need for new energy supply and where we feel that we can work well with the local community. 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. 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. On the domestic home front, PP & L Resources continued to purchase local companies based in Pennsylvania, including Penn Fuel Gas, which expanded its business interests into the natural gas storage and delivery markets. The parent company also restructured its units. Dec 18 2012: SET FOR ARGUMENT ON Wednesday, Fedruary 20, 2013: Dec 19 2012: Brief amici curiae of Entergy Corporation, et al. ON WRIT OF CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT [May 20, 2013] J. USTICE . PP & L Global also continued to increase its interest in Empresas Emel. 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. • PPL Electric Utilities Corporation (commonly known as PPL Electric Utilities and formerly known as Pennsylvania Power & Light Company or Pennsylvania Power & Light) As a result, the firm formed the Retail Energy Supply unit to provide consumers with its services in the new markets. PP & L owned one hydroelectric and eight steam power-generating stations and had 29,000 miles of transmission lines. It also acquired 13 Montana power plants for $1.6 billion--the largest deal in company history. 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 Global continued to embark on international endeavors and purchased an 84.7 percent stake in Companhia Energitica do Maranhco (CEMAR), Brazil-based electric distributions firm. In 1949 and 1951, PP & L sold all of its gas operations. Assets 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. Its principal fuel supply was purchased under 50-year contracts with coal companies based in Philadelphia and Reading, Pennsylvania. Encouraged by the initial response, PP & L expanded the program in 1987. PPL Dividend History & Description — PPL Corp. PPL is a utility holding company. PP & L spent roughly $142 million on new construction between 1954 and 1959, including the building of two new power-generating stations. 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. In 1961, the company built a new conventionally fueled power station at Brunner Island, Pennsylvania, with a capacity of 302,000 kilowatts. Between 1961 and 1965 the company reduced rates seven times. PPL Corporation and the PPL family of companies power the lives and businesses of more than 10 million customers in the United States and the United Kingdom. PPL CORPORATION AND SUBSIDIARIES, PETITION-ERS . The firm also entered the natural gas industry during this time period. Robert Campbell died and John T. Kauffman was named company president. Dec 20 2012: Brief amicus curiae of American Electric Power Company, Inc. filed. Petitioner PPL Corporation (PPL) was an owner, through a number of subsidiaries, of 25 percent of South Western Electricity plc, 1 of 12 government-owned elec-tric companies that were privatized in 1990 and that were subject to the tax. PPL Electric Utilities (formerly known as PP&L and Pennsylvania Power and Light) is the PPL Corporation's primary subsidiary. PP & L Resources continued to experience a growth spurt in the mid-1990s. With power plants in Pennsylvania, Maine, and Montana, the firm also provides wholesale and retail energy to 42 states as well as Canada. PPL Corporation is a holding company that has 3 main sectors of activities: 42.40%: Production and sales of electricity in the USA PP & L began operating its own coal mines when commercial coal companies proved unable to meet the terms of PP & L's contracts. It also spent about $4 million between 1958 and 1962 as its share of a joint project with Philadelphia Electric Company to develop a prototype nuclear power station. In 1999, the firm continued to grow at a rapid pace. PP & L's industrial customers caused the company's load to peak in the morning, while the urban utilities' loads peaked in the late afternoon, when workers returned home. PP & L efforts seemed to pay off with record sales and earnings in 1989, despite rate decreases and a softening economy in the northeastern United States. CONDENSED CONSOLIDATED FINANCIAL INFORMATION (1) Condensed Consolidated Balance Sheets (Unaudited) (Millions of Dollars) September 30, December 31, 2020. PP & L had begun hooking up farmers rapidly in 1936, the year the U.S. government established the Rural Electrification Administration to make loans to farmers to create their own electric cooperatives. PPL Corporation is a publicly-traded American energy company, headquartered in Pennsylvania, USA. The suit was finally settled in 1997. Filed September 9, 2010. delivered the opinion of the Court. PP & L also began testing new lighting systems designed to use light more efficiently. ALLENTOWN, Pa., Aug. 10, 2020 /PRNewswire/ -- PPL Corporation (NYSE: PPL) announced today that it is initiating a formal process to sell its U.K. utility business in order to position PPL as a purely U.S.-focused utility holding company and create additional shareowner value. PP & L used coal for 96 percent of its fossil fuel needs. The company also began consulting with industrial customers to enhance their uses for electricity. PPL CORPORATION AND SUBSIDIARIES. Like many other U.S. utilities, PP & L went through an important growth period in the 1920s, buying out other utilities, which in turn already had bought smaller utilities. The firm began aggressive marketing to homeowners and new homebuilders, urging them to use electric heat. In the U.S., PPL Electric Utilities, Louisville Gas & Electric, and Kentucky Utilities have repeatedly been recognized among the top of their class for residential customer satisfaction. PP & L also supplied small industry and agriculture in the Susquehanna River valley north of Harrisburg, capital of Pennsylvania. The year 1997 proved to be a banner year for the company. PPL’s family of companies works tirelessly to monitor, repair and upgrade PPL’s power grid daily. 901, I.R.C. Pennsylvania Power & Light Company was formed as a result in June 1920 as a holding company for eight such utilities. The firm developed a lightweight steel transmission pole to replace its wooden poles, which were becoming expensive and scarce. It announced plans to build a 2.2-million kilowatt nuclear generating station on the Susquehanna River between Wilkes-Barre and Bloomsburg, Pennsylvania, in the late 1970s. A dip in sales in the mid-1980s was caused by a weakening national economy. PPL Corporation's integrated business strategy&mdash well as its commitment to its customers and the communities it serves--is making the company one of the most successful generation-owning marketers of electricity in the evolving U.S. market, a premier energy delivery company in the Mid-Atlantic region, and a leading international energy company. As consolidation began to sweep through the electric utilities industry in the 1920s, it became commonplace for electric utility firms to merge into small regional companies. PP & L's ownership of mines protected the company from runaway fuel costs as well as interruptions in fuel supplies. Copyright (c) 2019 Company-Histories.com. Western Power Distribution has become the first distribution network operator (DNO) to launch an Electric Vehicle Strategy – and the company is confident it can meet customers’ future charging needs.