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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; [email protected]

Stock News for Ppl (PPL)
02/22/201713:42:14Statement of Changes in Beneficial Ownership (4)
02/22/201713:41:14Statement of Changes in Beneficial Ownership (4)
02/22/201713:40:47Statement of Changes in Beneficial Ownership (4)
02/22/201713:18:48Statement of Changes in Beneficial Ownership (4)
02/22/201713:18:18Statement of Changes in Beneficial Ownership (4)
02/22/201713:17:10Statement of Changes in Beneficial Ownership (4)
02/22/201713:15:14Statement of Changes in Beneficial Ownership (4)
02/22/201713:14:45Statement of Changes in Beneficial Ownership (4)
02/22/201713:13:48Statement of Changes in Beneficial Ownership (4)
02/17/201714:12:56Current Report Filing (8-k)
02/17/201711:45:18Annual Report (10-k)
02/16/201713:51:11Amended Statement of Changes in Beneficial Ownership (4/a)
02/13/201706:27:50Amended Statement of Ownership (sc 13g/a)
02/01/201708:44:00PPL Profit Rises in Latest Quarter
02/01/201707:19:37Current Report Filing (8-k)
02/01/201707:10:00PPL Corporation Reports 2016 Earnings
01/30/201716:00:42Statement of Changes in Beneficial Ownership (4)
01/30/201715:57:10Statement of Changes in Beneficial Ownership (4)
01/30/201715:50:56Statement of Changes in Beneficial Ownership (4)
01/30/201715:48:41Statement of Changes in Beneficial Ownership (4)

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