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Utility PPL Says COO Spence To Take On President Role

DOW JONES NEWSWIRES PPL Corp. (PPL), an operator of utilities and power plants, named industry veteran and Chief Operating Officer William H. Spence to take on the president post, effectively immediately. Spence, who first joined PPL as COO five years ago, will also continue to serve in his original role. James H. Miller, PPL's president since 2005, will continue to serve as chairman and chief executive, posts he has held since 2006. Miller said Spence has been instrumental in PPL's recent acquisitions of utility operations in Kentucky and England. Because wholesale power prices remain weak due to the low price for natural gas, which is used to generate electricity, PPL and some other merchant generators have been vying to build their utility businesses where returns of investments are guaranteed through regulated rates. Spence joined PPL from Pepco Holdings Inc. (POM), which provides electricity to the mid-Atlantic region. Spence has held a number of executive and engineering positions throughout his career. In May, PPL reported its first-quarter profit jumped 64% on higher prior-year unusual items, while adjusted earnings were stronger than expected as operating margins increased. Shares were recently flat at $28.03. -By John Kell, Dow Jones Newswires; 212-416-2480; john.kell@dowjones.com

Stock News for Ppl (PPL)
DateTimeHeadline
03/22/201506:18:03PPL Is Set To Deliver Solid Performance As It Earns Bullish Thesis
03/19/201516:14:38Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/17/201518:37:13Own utilities despite rising rate environment, two analysts say
03/11/201514:26:30Current Report Filing (8-k)
03/11/201511:21:00Applications Associated with PPL Spinoff Transaction Approved...
03/10/201522:45:259 Leading S&P 500 Dividend Dogs Track 13% To 29% March Upsides
03/06/201506:55:075 Equity Dividend Income Ideas For Conservative Income Investors
03/02/201515:04:39Statement of Changes in Beneficial Ownership (4)
02/27/201510:24:00PPL to Pay Quarterly Stock Dividend April 1
02/26/201523:02:025 Ace Utility Dividend Dogs Declare 21% To 83% February Upsides
02/26/201516:20:34Current Report Filing (8-k)
02/26/201512:33:01Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
02/25/201517:07:29Automatic Shelf Registration Statement of Securities of Well-known...
02/25/201516:15:19Automatic Shelf Registration Statement of Securities of Well-known...
02/25/201515:57:51Current Report Filing (8-k)
02/23/201515:52:20Current Report Filing (8-k)
02/18/201516:45:00/C O R R E C T I O N -- PPL Corporation/
02/18/201515:11:00PPL Presentation to be Webcast from Credit Suisse Conference...
02/10/201511:17:23Statement of Ownership (sc 13g)
02/09/201506:02:54Amended Statement of Ownership (sc 13g/a)

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