Premium Industrial NewsPPL Buys Some of National Grid's U.S.-Based Assets, Bolsters Renewable Role
PPL Buys Some of National Grid's U.S.-Based Assets, Bolsters Renewable Role
Industry Segment: Power | Word Count: 733 Words
SUGAR LAND--September 27, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--PPL Corporation (NYSE:PPL) (Allentown, Pennsylvania) took a big step toward growing its presence in the renewable-energy sector last week, when the U.S. Federal Energy Regulatory Commission (FERC) unanimously approved its acquisition of The Narragansett Electric Company from National Grid USA, the U.S. subsidiary of National Grid plc (NYSE:NGG) (London, England). Earlier this year, PPL agreed to sell its U.K.-based utility Western Power Distribution (WPD) to National Grid. Industrial Info is tracking nearly $9 billion worth of active U.S.-based projects from PPL and National Grid.
Within this article: Details on some of PPL and National Grid's major U.S.-based projects, including solar and battery energy-storage projects from National Grid and PPL's plans to reduce its coal-fired generation.
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