PPL Electric president steps down
PENNSYLVANIA - John F. Sipics, president of PPL Electric Utilities since 2003, retired for health reasons.
Sipics, 58, headed the subsidiary of PPL Corp. that delivers electricity to 1.3 million Pennsylvania customers. He was responsible for storm response and repairing outages of all sorts.
William H. Spence, executive vice president and chief operating officer of PPL Corp., will replace Sipics while the company decides on a permanent successor.
"His (Sipics) exhaustive knowledge of both the company and the wider utility industry has been essential to the success of PPL, especially in the last decade," said James H. Miller, who last year succeeded Bill Hecht as chairman, president and CEO of PPL Corp.
Sipics joined PPL in 1970 as an engineer in the system planning department. In 1998, he became the first head of PPL's unregulated energy marketing subsidiary, which is now PPL EnergyPlus.
Related News
Electricity Demand In The Time Of COVID-19
NEW YORK - On March 27, Bloomberg New Energy Finance (BNEF) released a report on electricity demand and wholesale market prices impact from COVID-19 fallout. The model compares expected load based largely on weather with actual observed demand.
So far, the hardest hit power grid is New York, with load down 7 and prices off by 10 percent. That’s expected, given New York City is the current epicenter of the US health crisis.
Next is New England, with 5 percent lower demand and 8 percent reduced wholesale prices for the week from March 19-25. BNEF says the numbers could go higher following…
