CSA Z462 Arc Flash Training – Electrical Safety Compliance Course
Our customized live online or in‑person group training can be delivered to your staff at your location.
- Live Online
- 6 hours Instructor-led
- Group Training Available
The price is about $135 million plus working capital, which means the buyer will take over financial commitments related to facility improvements, said PPL spokesman George Biechler. The buyer is the U.S. unit of a Tokyo-based firm known as J-Power.
In a written statement, PPL said it expects the sale to result in an after-tax charge of 9 to 12 cents per share in the second quarter. That's because the value of the plants on PPL's books was higher than the sale price, Biechler said. The deal will benefit earnings after closing, which is expected later this year, PPL said. The plants were profitable but PPL will earn a higher return by using the money elsewhere, Biechler said.
The plants are not part of PPL's core business because they are outside the company's geographic focus and the output is committed to the Long Island Power Authority, Biechler said.
PPL generates and delivers electricity in central Pennsylvania.
Related News
California's future with income-based flat-fee utility bills is getting closer
Investing in a new energy economy for Montana
Power Outage Disrupts Morning Routine for Thousands in London
Biden Imposes Higher Tariffs on Chinese Electric Cars and Solar Cells
Solar changing shape of electricity prices in Northern Europe
UK breaks coal free energy record again but renewables still need more support
Sign Up for Electricity Forum’s Newsletter
Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.
Electricity Today T&D Magazine Subscribe for FREE
- Timely insights from industry experts
- Practical solutions T&D engineers
- Free access to every issue