PPL's Generation Investment Plan for Kentucky Subsidiaries Gets Partial Regulatory Approval
PPL's Generation Investment Plan for Kentucky Subsidiaries Gets Partial Regulatory Approval
November 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--On Monday, PPL Corporation (NYSE:PPL) (Allentown, Pennsylvania) announced its subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) received approval to retire 600 megawatts (MW) of aging coal generation and more than 50 MW of aging peaking units by 2027 and replace the generation with a cleaner energy mix such as natural gas, solar and battery storage. Although the originally proposed $2.1 billion investment plan, including $1.6 billion through 2026, was not fully approved, the expected investment is "materially consistent" with the original plan.
Other companies featured: National Grid plc (NYSE:NGG) (London, England).
Subscribe Now!(All Fields Required)
Related Articles
Articles related to this company
- Pharma Companies Sign PPAs for National Grid Texas Solar Project
- Metals & Minerals Leads Kentucky's $7 Billion of Projects Under Constructio...
- PPL Buys Some of National Grid's U.S.-Based Assets, Bolsters Renewable Role
- U.S. Coal-Fired Power Plant Retirements Could Reach 55,000 Megawatts in Com...
- Kentucky, Illinois Lead U.S. in Maintenance Spending at Coal-Fired Power Pl...