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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
04/24/201509:33:43Current Report Filing (8-k)
04/23/201518:35:00U.S. Department of Justice Completes Review of PPL-Riverstone...
04/23/201513:39:00PPL Corporation to Conduct Webcast on 2015 First-Quarter Earnings...
04/23/201510:21:02PPL Price Target Cut to $37.00 (PPL)
04/22/201516:51:40Current Report Filing (8-k)
04/22/201503:34:23PPL Receives New Coverage from Analysts at Guggenheim (PPL)
04/13/201508:00:26Current Report Filing (8-k)
04/11/201509:02:00Unit 2 at Susquehanna Nuclear Power Plant Begins Scheduled Refueling...
04/11/201508:25:5310 Top Dividend S&P 500 Dogs Trace 12% To 20% April Upsides
04/10/201517:16:00PPL Request for Transfer of Susquehanna Nuclear Plant Licenses...
04/09/201516:39:59Additional Proxy Soliciting Materials (definitive) (defa14a)
04/09/201516:32:54Proxy Statement (definitive) (def 14a)
04/06/201500:22:28'Overdue' Dividend Increases And Other Streaks In Jeopardy
04/02/201511:11:39Statement of Changes in Beneficial Ownership (4)
04/02/201511:10:41Statement of Changes in Beneficial Ownership (4)
04/02/201511:09:37Statement of Changes in Beneficial Ownership (4)
04/02/201511:08:45Statement of Changes in Beneficial Ownership (4)
04/02/201511:07:52Statement of Changes in Beneficial Ownership (4)
04/02/201511:05:19Statement of Changes in Beneficial Ownership (4)
04/02/201511:03:07Statement of Changes in Beneficial Ownership (4)

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