PPL Corp Says Susquehanna Nuclear Power Plant Operating Normally

- PPL Corp Says Susquehanna Nuclear Power Plant Operating Normally



Aug 23, 2011

The earthquake felt throughout the mid-Atlantic region has not affected regular operation at PPL Corporation's (NYSE:PPL) Susquehanna nuclear power plant near Berwick, the company announced.

Unit 1 of the plant continues to operate normally at full normal power while unit 2 had previously shut down for maintenance and remains in safe, stable conditions.

PPL is delaying the return of Unit 2 to full power as a precautionary measure.

PPL has declared an "unusual event" as a result of the earthquake. An unusual event is the lowest of four emergency classifications established by the U.S. Nuclear Regulatory Commission for nuclear power plants.

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PPL Corporation EPS In Line With Estimates, Beats Revenue For Q2

- PPL Corporation EPS In Line With Estimates, Beats Revenue For Q2



Aug 5, 2011

PPL Corporation (NYSE:PPL) reported Q2 adjusted EPS of $0.45 in line with analyst estimates. Revenues for the quarter were $2.49 billion, better than consensus estimates of $2.26 billion.

James H. Miller, PPL's chairman and chief executive officer said, "We're on track to achieve our forecasted 2011 earnings from ongoing operations despite extended unplanned outages to replace turbine blades at both of our Susquehanna nuclear units. We expect to mitigate the impact of the Susquehanna outages with strong performance from our U.K. business and positive results in other aspects of our competitive supply business."

PPL (NYSE:PPL) has a potential upside of 13.3% based on a current price of $26.53 and an average consensus analyst price target of $30.06.

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Atwood to Delay PPL Jackup Option

- Atwood to Delay PPL Jackup Option

Tuesday, June 14, 2011
Atwood Oceanics Inc.

Atwood Oceanics announced that on June 9, 2011, one of its subsidiaries had reached an agreement with the PPL Shipyard to delay the required commitment date for the next Pacific Class 400 jack-up drilling unit option until December 31, 2011, concurrent with the commitment date for the last Pacific Class 400 jack-up unit option. At this time, the company has made no determination as to whether any of the two remaining options will be exercised.

The company currently has three Pacific Class 400 jack-up drilling units, the Atwood Mako, Atwood Manta, and Atwood Orca, under construction with PPL under turnkey construction agreements; these units will have a rated water depth of 400 feet, accommodations for 150 personnel and significant offline handling features.

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