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PPL To Offer 9.9 Million Shares

DOW JONES NEWSWIRES PPL Corp. (PPL) plans to offer 9.9 million shares to bolster its units' operations. Shares slipped 1.6% to $27.22 after hours on the dilutive move. The company in February had about 577.3 million shares outstanding. The offering comes after the utility operator named Chief Executive William H. Spence as its new chairman, filling the post ahead of the retirement of chairman and former chief James H. Miller. The company has meanwhile been working to boost its exposure to regulated power markets, which have generated more robust returns of late. PPL plans to use proceeds from the offering to make capital contributions to its subsidiaries. It will also use the proceeds to repay short-term debt and help other general corporate purposes. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Ppl (PPL)
09/04/201514:28:47Current Report Filing (8-k)
09/03/201516:10:00Rate Case Agreement Reached
09/03/201516:09:58Current Report Filing (8-k)
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08/24/201508:18:47Statement of Changes in Beneficial Ownership (4)
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08/11/201507:52:13Current Report Filing (8-k)
08/05/201509:00:00Nearly 200,000 Power Outages Prevented in First Six Months of...
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08/03/201507:55:05PPL Lifts Earnings Outlook on Regulated-Utility Strength
08/03/201507:54:58Current Report Filing (8-k)
08/03/201506:56:00PPL Corporation Reports Second-Quarter Earnings
07/30/201515:21:37Current Report Filing (8-k)
07/16/201510:51:00PPL Corporation to Conduct Webcast on 2015 Second-Quarter Earnings...
07/08/201515:00:00Osborne To Oversee Ohio Valley Electric Corporation
07/07/201508:48:41Statement of Changes in Beneficial Ownership (4)
07/02/201511:57:28Statement of Changes in Beneficial Ownership (4)
07/02/201511:56:36Statement of Changes in Beneficial Ownership (4)
07/02/201511:55:44Statement of Changes in Beneficial Ownership (4)
07/02/201511:55:19Statement of Changes in Beneficial Ownership (4)

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