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Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--PPL Corporation (NYSE:PPL) (Allentown, Pennsylvania), which owns utilities in Pennsylvania, Kentucky and the U.K., plans to make capital investments totaling about $13 billion over 2017-20, company officials told investors in December. When added to the estimated $3.39 billion PPL invested in its utilities last year, the company's five-year capital investment program totals about $16.39 billion for 2016-20.
Overall, Industrial Info is tracking 26 active capital projects planned by PPL Corporation with total investment value (TIV) of about $1.9 billion.
Click on the image at right to see a five-year capital spending plan for PPL's three utility units.
And that sum may grow in the years beyond 2020, as PPL has an ambitious transmission project, Compass, that would link the New York and PJM reliability markets. This project, which PPL estimated could cost $3 billion to $4 billion, will be a 475-mile, 345-kilovolt (kV) line connecting western Pennsylvania with southeastern New York, PPL officials told investors at meetings held in the Mid-Atlantic region December 6 and 7. PPL estimated the line could cut New Yorkers' electric costs by at least $200 million annually by relieving electric congestion.
In October 2015, PPL filed a request with the New York Independent System Operator (NYISO) to build the first segment of the Compass project, the Lackawanna-Ramapo Transmission Line, which would run for about 95 miles and cost roughly $500 million. The NYISO has yet to decide on the application. Assuming the regulators approve, PPL plans to begin building the Lackawanna-Ramapo Transmission Line in the second half of 2017, and the line should be operating by 2023.
Aside from the Compass project, PPL's Pennsylvania unit, PPL Electric Utilities (Allentown, Pennsylvania) plans to build several transmission and distribution (T&D) projects over the next few years, including rebuilding 24 miles of the 230-kV Susquehanna-to-Jenkins Transmission Line. That $109 million project is scheduled to begin this March and to be finished by mid-2018. PPL Electric Utilities owns no generation in the Keystone State. Overall, PPL Electric Utilities expects to invest slightly more than $1 billion a year between 2017 and 2020. In 2016, it invested about $1.16 billion in its T&D system.
PPL's Kentucky unit, which includes Louisville Gas & Electric (LG&E) (Louisville, Kentucky) and Kentucky Utilities (KU) (Lexington, Kentucky), plans to continue investing heavily in pollution-control projects over the next few years. Capital spending is expected to hover around $1 billion per year for 2017-20. A lot of that will be spent to comply with federal regulations such as the Coal Combustion Residuals (CCR) rule and the Effluent Limitations Guidelines (ELG) rule. In previous years, LG&E and KU had spent heavily to comply with other federal environmental rules, such as the Cross-State Air Pollution Rule (CSAPR) and the Mercury and Air Toxics Standards (MATS).
One of the big-ticket projects PPL is planning in Kentucky is constructing a wet flue gas desulfurization wastewater treatment project for the 1,589-megawatt (MW) Mill Creek Power Station, to comply with the federal ELG rule. Construction on the $114 million project is scheduled to begin in mid-2018, and to be complete by late 2019. CH2M Hill (Englewood, Colorado) is providing engineering services.
Another Kentucky environmental compliance project is the closure of the ash ponds at the Trimble County Power Station and construction a new ash landfill project to comply with the CCR rule. Construction of that $183 million project is scheduled to begin this April. CH2M Hill is providing design-engineering services, and PPL unit Louisville Gas & Electric is scheduled to select an engineering, procurement and construction (EPC) firm in the first quarter of 2017.
Over in the U.K., PPL's U.K. unit, Western Power Distribution (WPD) (Bristol, United Kingdom), expects to invest about $4.9 billion between 2017 and 2020 in its T&D system. Last year, it invested about $1.28 billion in its T&D network.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Overall, Industrial Info is tracking 26 active capital projects planned by PPL Corporation with total investment value (TIV) of about $1.9 billion.
Click on the image at right to see a five-year capital spending plan for PPL's three utility units.And that sum may grow in the years beyond 2020, as PPL has an ambitious transmission project, Compass, that would link the New York and PJM reliability markets. This project, which PPL estimated could cost $3 billion to $4 billion, will be a 475-mile, 345-kilovolt (kV) line connecting western Pennsylvania with southeastern New York, PPL officials told investors at meetings held in the Mid-Atlantic region December 6 and 7. PPL estimated the line could cut New Yorkers' electric costs by at least $200 million annually by relieving electric congestion.
In October 2015, PPL filed a request with the New York Independent System Operator (NYISO) to build the first segment of the Compass project, the Lackawanna-Ramapo Transmission Line, which would run for about 95 miles and cost roughly $500 million. The NYISO has yet to decide on the application. Assuming the regulators approve, PPL plans to begin building the Lackawanna-Ramapo Transmission Line in the second half of 2017, and the line should be operating by 2023.
Aside from the Compass project, PPL's Pennsylvania unit, PPL Electric Utilities (Allentown, Pennsylvania) plans to build several transmission and distribution (T&D) projects over the next few years, including rebuilding 24 miles of the 230-kV Susquehanna-to-Jenkins Transmission Line. That $109 million project is scheduled to begin this March and to be finished by mid-2018. PPL Electric Utilities owns no generation in the Keystone State. Overall, PPL Electric Utilities expects to invest slightly more than $1 billion a year between 2017 and 2020. In 2016, it invested about $1.16 billion in its T&D system.
PPL's Kentucky unit, which includes Louisville Gas & Electric (LG&E) (Louisville, Kentucky) and Kentucky Utilities (KU) (Lexington, Kentucky), plans to continue investing heavily in pollution-control projects over the next few years. Capital spending is expected to hover around $1 billion per year for 2017-20. A lot of that will be spent to comply with federal regulations such as the Coal Combustion Residuals (CCR) rule and the Effluent Limitations Guidelines (ELG) rule. In previous years, LG&E and KU had spent heavily to comply with other federal environmental rules, such as the Cross-State Air Pollution Rule (CSAPR) and the Mercury and Air Toxics Standards (MATS).
One of the big-ticket projects PPL is planning in Kentucky is constructing a wet flue gas desulfurization wastewater treatment project for the 1,589-megawatt (MW) Mill Creek Power Station, to comply with the federal ELG rule. Construction on the $114 million project is scheduled to begin in mid-2018, and to be complete by late 2019. CH2M Hill (Englewood, Colorado) is providing engineering services.
Another Kentucky environmental compliance project is the closure of the ash ponds at the Trimble County Power Station and construction a new ash landfill project to comply with the CCR rule. Construction of that $183 million project is scheduled to begin this April. CH2M Hill is providing design-engineering services, and PPL unit Louisville Gas & Electric is scheduled to select an engineering, procurement and construction (EPC) firm in the first quarter of 2017.
Over in the U.K., PPL's U.K. unit, Western Power Distribution (WPD) (Bristol, United Kingdom), expects to invest about $4.9 billion between 2017 and 2020 in its T&D system. Last year, it invested about $1.28 billion in its T&D network.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
