PPL Corporation Exhibit 21 Subsidiaries of the Registrant At December 31, 2016 The following listing of subsidiaries omits subsidiaries which, considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as of December 31, 2016. PPL Corp. ended fiscal 2000 with $5.68 billion in sales, a 23.8 percent increase over the past year. It also bought a 25 percent stake in British firm South Western Electricity plc. As consolidation began to sweep through the electric utilities industry in the 1920s, it became commonplace for electric utility firms to merge into small regional companies. PPL Dividend History & Description — PPL Corp. PPL is a utility holding company. Source: International Directory of Company Histories, Vol. Principal Competitors: Allegheny Energy Inc.; Exelon Corp.; GPU Inc. It also sold its steam heating operations in Wilkes-Barre, Pennsylvania, in 1951, leaving it with steam operations in Harrisburg and Scranton, Pennsylvania. PP & L's ownership of mines protected the company from runaway fuel costs as well as interruptions in fuel supplies. PPL Corporation operates as an international energy company providing electricity and natural gas to more than 1.4 million consumers in Pennsylvania. Paul T. Champagne, president of PPL Global, stated in a December 2000 press release, 'PPL is expanding in regions where there is an urgent need for new energy supply and where we feel that we can work well with the local community. The company's major operating units include PPL Utilities, PPL EnergyPlus, PPL Generation, and PPL Global. And our four U.K. utilities were ranked by U.K. regulator Ofgem as the top four for customer satisfaction in the U.K. PPL is driven daily by a determination to ensure that each of our customers has the power they count on every day. 901, I.R.C. At a time when community need is as great as ever, PPL is teaming up with employees and retirees to give back and make a difference. By the following year, the company had 487,000 customers, and revenue of $62 million. Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation. learn how over 7,000 companies got started! PP & L Resources continued to experience a growth spurt in the mid-1990s. PPL’s family of companies works tirelessly to monitor, repair and upgrade PPL’s power grid daily. filed. With power plants in Pennsylvania, Maine, and Montana, the firm also provides wholesale and retail energy to 42 states as well as Canada. PP & L efforts seemed to pay off with record sales and earnings in 1989, despite rate decreases and a softening economy in the northeastern United States. Dec 14 2012: Brief amici curiae of Patrick J. Smith, et al. Sales in 1999 reached $4.59 billion. Finally, we can read about how these great companies came about with Company Histories.. The PPL Corporation is an energy company headquartered in Allentown, Pennsylvania, USA.It currently controls about 8,000 megawatts of regulated electric generating capacity in the United States and delivers electricity to 10.5 million customers in Pennsylvania, Kentucky, and Great Britain.It also provides natural gas delivery service to 321,000 customers in Kentucky. As a result, 18 fuel dealers brought suit against the firm in 1991 claiming that PP & L's use of $25 million in cash grants and advertising subsidies to lower rates and lure new customers violated antitrust laws. In 1980, Standard Oil Company of Ohio signed an agreement with a PP & L subsidiary under which Standard mined coal on certain PP & L properties. PP & L had begun hooking up farmers rapidly in 1936, the year the U.S. government established the Rural Electrification Administration to make loans to farmers to create their own electric cooperatives. The Y2K issues that threatened utility firms throughout the world were nonexistent for PP & L Resources. (2010) (diagram of PPL … Company plans included increased expansion with a concentration on wholesale sales of electricity. PPL Corporation has 12,280 employees across 7 locations and $7.77 B in annual revenue in FY 2019. Increasing residential sales made up most sales that were lost to declining industry. See 135 T. C. 304, 307, App. It also spent about $4 million between 1958 and 1962 as its share of a joint project with Philadelphia Electric Company to develop a prototype nuclear power station. Subsidiary PP & L EnergyPlus Co. was created later that year. As a result, the firm formed the Retail Energy Supply unit to provide consumers with its services in the new markets. In 1973, it sold 6.5 billion kilowatt-hours to other companies in the pool and earned $67 million on revenue of $385 million. One year later, the firm secured more than one million customers and the Pennsylvania Public Utility Commission (PUC) approved a $101 million annual rate increase for PP & L that went into effect in 1982. PP & L continued to look for ways to expand and began to shift its emphasis from regions that had mined out their coal to regions with fresh coal seams. In addition, PP & L planned $315 million in construction between 1965 and 1969, including two new power plants. In 1995, subsidiary Spectrum Energy Services Corporation was created to manage new business opportunities. Mining its own coal had become more expensive than buying it on the open market and many of the company's mines were depleted. Net income for 1978 was $149 million. PP & L, backed by another holding company called the Lehigh Power Securities Corporation, sold stocks and bonds to the public, but kept control of voting common stock of the utilities. The firm developed a lightweight steel transmission pole to replace its wooden poles, which were becoming expensive and scarce. The company also began consulting with industrial customers to enhance their uses for electricity. Attached to the Joint Application as Appendix "D" is an organizational chart showing PPL Corp. and its relevant domestic subsidiaries prior to … Dec 18 2012: SET FOR ARGUMENT ON Wednesday, Fedruary 20, 2013: Dec 19 2012: Brief amici curiae of Entergy Corporation, et al. The energy grid is undergoing rapid transformation and PPL’s businesses continue to address new challenges head-on. In addition, the company discovered that fuel oil was leaking into groundwater at its Brunner Island generating station and that filters from that plant contained enough cadmium to be considered hazardous waste. By the end of the decade, PP & L was considered one of the best-managed utilities in the United States, with a profit margin of 17 percent, compared with a U.S. industry average of 12 percent. PPL Corp.'s direct domestic subsidiaries include the following: PPL EU, PPL Services Corporation, PPL Energy Funding Corporation, and LG&E and KU Energy LLC. A Massachusetts-based mechanical and engineering company was also purchased. In 1953, it acquired Scranton Electric Company and in 1955, it laid claim to the Pennsylvania Water & Power Company. In response, the firm developed energy conservation programs for its residential consumers as well as an advisory panel to deal with the energy crisis. The vast majority of its power plants are fossil fuel powered.
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