PPL Corporation
PPL Electric Utilities Corporation Issues $650M in Bonds
Summary
On January 2, 2024, PPL Electric Utilities Corporation (PPL Electric) entered into an underwriting agreement for the offering and sale of $650,000,000 of First Mortgage Bonds, 4.85% Series due 2034. The Bonds were issued on January 5, 2024, under PPL Electric's Indenture, secured by a lien on its distribution and transmission properties. PPL Electric intends to use the net proceeds to repay short-term debt and for general corporate purposes.
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Exhibits (5)
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About PPL Corporation
PPL Corporation is a prominent utility holding company with a primary focus on delivering electricity and natural gas services to a wide range of customers. Headquartered in Allentown, Pennsylvania, PPL Corporation operates through several subsidiaries, providing electricity to millions of residential, commercial, and industrial customers in the United States. The corporation's extensive network includes power generation facilities as well as transmission and distribution systems. PPL is actively involved in the energy sector, influencing both regional and national markets. It strives to maintain reliability and sustainability in its energy supply, with an increasing emphasis on incorporating renewable energy sources and improving grid resilience. The company's operations contribute significantly to the utility industry, impacting economic growth and energy security. Moreover, PPL Corporation plays a vital role in the energy market by investing in innovative technologies and infrastructure development aimed at enhancing energy efficiency and performance. Through strategic planning and a commitment to customer satisfaction, PPL Corporations continues to be a leading participant in the ever-evolving utilities landscape.
Official SEC Documents
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