PPL to sell its Telcom subsidiary

1 May 2007 -- PPL Corporation announced that it is seeking a buyer for its PPL Telcom subsidiary, which provides broadband connectivity for telecommunication companies, wireless and Internet service providers and large businesses and institutions.

Located in the mid-Atlantic region, PPL Telcom's network utilizes more than 4,000 route miles of fiber with advanced optical systems, and provides service to customers throughout the northeast corridor from New York to Washington, D.C.

Once an agreement of sale is executed, PPL expects the sale process to take several months to complete. In connection with the decision to proceed with the sale process, the company expects to take an unusual after-tax charge of about $18 million, or 5 cents per share of PPL Corporation earnings, in the first quarter of 2007. This charge will not affect PPL's 2007 forecast of earnings from ongoing operations.

Sponsored by FLSmidth

Related Articles

Susquehanna nuclear unit 1 returned to service after leak found

Workers at PPL’s (NYSE: PPL) Susquehanna nuclear power plant reconnected Unit 1 to the grid after repairing a small leak inside the containment structure.

Water leak found at Pennsylvania nuclear plant

Operators of the Susquehanna nuclear power plant in central Pennsylvania say they have disconnected Unit One from the regional power grid after finding a small water leak inside the containment structure.

Follow Power Engineering on Twitter
Latest News
Alamo Solar power project in California

E.ON Solar completes PV project in California

E.ON Solar, a unit of E.ON SE, completed the 20-MW Alamo Solar project in California.

East Kentucky Power Cooperative

East Kentucky Power Cooperative wants to buy lease on 594-MW Bluegrass plant

East Kentucky Power Cooperative applied July 24 with the Kentucky Public Service Commission f...
American Wind Energy Association AWEA 2Q report

AWEA reports U.S. wind industry installed 1,661 MW in the second quarter

The domestic wind industry in the United States installed 1,661 MW in the second quarter of t...
Deepwater offshore wind project Associated Press

Construction begins on nation's first offshore wind farm

Construction has begun off Rhode Island's coast on the nation's first offshore wind farm.

IMP begins construction on first solar facility

American Electric Power’s (AEP) Indiana Michigan Power (IMP) will soon begin construction on ...

Canadian Solar finishes much of 100-MW Ontario power project

Canadian Solar (Nasdaq: CSIQ), said that its subsidiary, Canadian Solar Solutions Inc., subst...

ENEC installs nuclear reactor training simulator

The Emirates Nuclear Energy Corp. (ENEC) installed a second APR-1400 nuclear reactor training...

Hillary Clinton calls for dramatic increase in renewable power

In a proposal released Sunday evening, Hillary Clinton announced that if she is elected presi...

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Power Industry Wire News

NW Natural Board of Directors Names David H. Anderson President

NW Natural Board of Directors Names David H. Anderson President

Abakan Acquires 100% Ownership of MesoCoat

Abakan Acquires 100% Ownership of MesoCoat

AlliedBarton Security Services to Host Seminar on Creating a Comprehensive Workplace Violence Preparedness Program

AlliedBarton Security Services to Host Seminar on Creating a Comprehensive Workplace Vi...

Perma-Fix Announces That Its Subsidiary, Perma-Fix Medical S.A., Has Completed Its Strategic Partnership and Investment From Digirad Corporation

Perma-Fix Announces That Its Subsidiary, Perma-Fix Medical S.A., Has Completed Its Stra...

Cabot Oil & Gas Swings Into Second-Quarter Loss on Natural Gas Prices, Maintains $900 Million Capex for 2015, an Industrial Info News Alert

Cabot Oil & Gas Swings Into Second-Quarter Loss on Natural Gas Prices, Maintains $900 M...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>