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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)
09/15/201616:52:33Current Report Filing (8-k)
09/08/201607:54:28Current Report Filing (8-k)
08/29/201610:20:00Williams Adds Three New Directors
08/26/201614:09:03Current Report Filing (8-k)
08/26/201610:09:00PPL to Pay Quarterly Stock Dividend Oct. 3
08/11/201607:38:07Current Report Filing (8-k)
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08/09/201611:48:34Quarterly Report (10-q)
08/09/201608:05:37Current Report Filing (8-k)
08/09/201607:00:00PPL Corporation Reports Second-Quarter Earnings
08/02/201609:32:00PPL Electric Utilities Introduces Automated Power Restoration...
07/19/201608:19:00Utilities' Stocks Under Investors' Scanner -- PPL Corp., CenterPoint...
07/15/201610:46:00PPL Corporation to Conduct Webcast on 2016 Second-Quarter Earnings...
07/13/201611:08:00PPL Electric Utilities retains top residential customer satisfaction...
07/12/201611:16:05Statement of Changes in Beneficial Ownership (4)
07/12/201611:12:09Statement of Changes in Beneficial Ownership (4)
07/06/201614:25:46Statement of Changes in Beneficial Ownership (4)
07/06/201614:25:20Statement of Changes in Beneficial Ownership (4)
07/06/201614:24:27Statement of Changes in Beneficial Ownership (4)
07/06/201614:24:00Statement of Changes in Beneficial Ownership (4)

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