PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, provides electricity delivery services to about 1.4 million customers in Pennsylvania.

Company profile
Ticker
PPL
Exchange
Website
CEO
Vincent Sorgi
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
PENNSYLVANIA POWER & LIGHT CO /PA, PP&L INC
SEC CIK
Corporate docs
IRS number
230959590
PPL stock data
Calendar
3 Aug 22
19 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 20 | Mar 20 | Sep 19 | Jun 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial report summary
?Risks
- PPL is a holding company and its cash flows and ability to meet its obligations with respect to indebtedness and under guarantees, and its ability to pay dividends, largely depends on the financial performance of its respective subsidiaries and, as a result, is effectively subordinated to all existing and future liabilities of those subsidiaries.
- Our profitability is highly dependent on our ability to recover the costs of providing energy and utility services to our customers and earn an adequate return on our capital investments. Regulators may not approve the rates we request and existing rates may be challenged.
- We are or may be subject to costs of remediation of environmental contamination at facilities owned or operated by our former subsidiaries.
- We are subject to financial, operational, regulatory and other risks related to requirements, developments and uncertainties in environmental regulation, including those affecting coal-fired generation facilities.
- We are subject to operational, regulatory and other risks regarding natural gas supply infrastructure.
- We face competition for transmission projects, which could adversely affect our rate base growth.
- We could be subject to higher costs and/or penalties related to Pennsylvania Conservation and Energy Efficiency Programs.
- We are subject to risks associated with federal and state tax laws and regulations.
- Increases in electricity prices and/or a weak economy, can lead to changes in legislative and regulatory policy, including the promotion of energy efficiency, conservation and distributed generation or self-generation, which may adversely impact our business.
- We could be negatively affected by rising interest rates, downgrades to our credit ratings, adverse credit market conditions or other negative developments in our ability to access capital markets.
- A downgrade in our credit ratings could negatively affect our ability to access capital and increase the cost of maintaining our credit facilities and any new debt.
- Our operating revenues could fluctuate on a seasonal basis, especially as a result of extreme weather conditions, including conditions caused or exacerbated by climate change.
- We cannot predict the outcome of legal proceedings or investigations related to our businesses in which we are periodically involved. An unfavorable outcome or determination in any of these matters could have a material adverse effect on our financial condition, results of operations or cash flows.
- Significant increases in our operation and maintenance expenses, including health care and pension costs, could adversely affect our future earnings and liquidity.
- We may incur liabilities in connection with divestitures.
- Our facilities may not operate as planned, which may increase our expenses and decrease our revenues and have an adverse effect on our financial performance.
- We are required to obtain, and to comply with, government permits and approvals.
- War, other armed conflicts or terrorist attacks could have a material adverse effect on our business.
- We are subject to counterparty performance, credit or other risk in the provision of goods or services to us, which could adversely affect our ability to operate our facilities or conduct business activities.
- We are subject to the risk that our workforce and its knowledge base may become depleted in coming years.
Management Discussion
- This "Item 2. Combined Management's Discussion and Analysis of Financial Condition and Results of Operations" is separately filed by PPL, PPL Electric, LG&E and KU. Information contained herein relating to any individual Registrant is filed by such Registrant solely on its own behalf, and no Registrant makes any representation as to information relating to any other Registrant. The specific Registrant to which disclosures are applicable is identified in parenthetical headings in italics above the applicable disclosure or within the applicable disclosure for each Registrant's related activities and disclosures. Within combined disclosures, amounts are disclosed for individual Registrants when significant.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
abandoned, abandonment, absence, ADIT, advantage, adversary, advice, AMF, anaerobic, Aquidneck, arrangement, arrearage, ASA, assembled, attention, backfill, BBB, Bcf, bifacial, Black, Blackstone, Block, body, branding, cable, Canada, catalytic, categorized, category, Champlain, chart, comment, Commerce, Commissioner, concert, conditionally, consumed, contemplated, conversion, Copenhagen, correlation, CT, cumulative, decarbonization, decoupling, deemed, Deepwater, deferral, DEM, Denmark, depicted, difficult, digester, displayed, disposed, distinct, distinguishing, docket, doubtful, DWW, EEP, eleven, emitting, enable, Enablement, encountered, England, EV, evergreen, experience, facing, fairly, Farm, feedback, forgive, forgo, forma, fossil, frame, FY, gassed, gathered, GBE, GMP, Governor, Gravel, harmonizing, headed, heating, heavily, House, hydrogen, ICE, ICFR, IFA, input, Intercontinental, interruption, invoice, IRC, ISO, ISR, Johnston, Kossuth, land, largest, lead, leadership, leverage, liquified, LNG, lost, Louisiana, LRS, MADEP, manipulation, marketplace, markup, MECO, member, Mercantile, MGP, monthly, nameplate, Narraganset, NEP, NETO, newly, Northwestern, NOx, NYMEX, OATT, offshore, onshore, Orbit, Orono, OTC, overnight, PAPUC, passed, past, percentage, pipe, Pit, Plantation, point, PPA, PPE, preceding, preferred, prefiled, premised, prescribed, pro, Proactive, producer, producing, push, quantity, quoted, reconstruct, reconstructed, reconstruction, reiterating, remitted, remuneration, rendered, repay, resetting, residential, responded, Rev, Revolution, RFP, RIE, RIPUC, scale, scaling, shifting, Shoreham, simultaneously, sinking, solicit, solution, sooner, Southern, stable, stakeholder, station, stopped, successful, supervision, surcharge, targeted, tariff, tenure, territory, Tiverton, Town, Township, track, tracking, tribunal, twelve, unassessed, unavailable, underground, underspending, underwater, undiscounted, unprotected, unsecured, upcoming, upgraded, upstream, Utica, Vehicle, Wampanoag, wind, Windsor, winter, yielded, York
Removed:
agree, appealed, Assumption, building, consummation, dismissing, disposition, expired, invest, NaN, predictability, progressing, reposition, stage, strategically, sustainable, waiting, waiver
Financial reports
Current reports
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
5 Dec 21
8-K
Other Events
8 Nov 21
8-K
PPL Electric Utilities Reaches Agreement to Lower Transmission Rates
20 Aug 21
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
24 Jun 21
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
1 Oct 20
8-K
Other Events
22 May 20
8-K
Regulation FD Disclosure
14 May 20
8-K
Regulation FD Disclosure
31 Mar 20
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
6 Sep 19
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
8 Mar 19
Registration and prospectus
424B2
Prospectus for primary offering
22 Jun 21
FWP
Free writing prospectus
21 Jun 21
424B5
Prospectus supplement for primary offering
21 Jun 21
S-3ASR
Automatic shelf registration
19 Feb 21
424B2
Prospectus for primary offering
28 Sep 20
FWP
Free writing prospectus
28 Sep 20
424B5
Prospectus supplement for primary offering
28 Sep 20
424B2
Prospectus for primary offering
4 Sep 19
FWP
Free writing prospectus
3 Sep 19
424B5
Prospectus supplement for primary offering
3 Sep 19
Proxies
DEF 14C
Information statement
27 Apr 09
DEF 14C
Information statement
24 Apr 08
DEF 14C
Information statement
29 Apr 07
DEF 14C
Information statement
9 Mar 06
PRE 14C
Preliminary information
23 Feb 06
DEF 14C
Information statement
10 Mar 05
DEF 14C
Information statement
17 Mar 04
DEF 14C
Information statement
16 Mar 03
DEF 14C
Information statement
20 Mar 02
DEF 14C
Information statement
11 Mar 01
Other
UPLOAD
Letter from SEC
17 Apr 18
UPLOAD
Letter from SEC
2 Apr 18
UPLOAD
Letter from SEC
4 Oct 15
UPLOAD
Letter from SEC
10 Sep 15
UPLOAD
Letter from SEC
19 May 13
UPLOAD
Letter from SEC
29 Apr 13
UPLOAD
Letter from SEC
10 Sep 12
CORRESP
Correspondence with SEC
23 Aug 12
UPLOAD
Letter from SEC
13 Aug 12
UPLOAD
Letter from SEC
16 Aug 11
Ownership
11-K
Annual report of employee stock purchases
27 Jun 00
11-K
Annual report of employee stock purchases
29 Jun 99
11-K
Annual report of employee stock purchases
21 Jun 98
11-K
Annual report of employee stock purchases
25 Jun 97
11-K
Annual report of employee stock purchases
27 Jun 96
11-K
Annual report of employee stock purchases
28 Mar 95
Transcripts
2021 Q3
Earnings call transcript
4 Nov 21
2020 Q2
Earnings call transcript
10 Aug 20
2020 Q1
Earnings call transcript
8 May 20
2019 Q4
Earnings call transcript
14 Feb 20
2019 Q3
Earnings call transcript
5 Nov 19
2019 Q2
Earnings call transcript
6 Aug 19
2019 Q1
Earnings call transcript
2 May 19
2018 Q4
Earnings call transcript
14 Feb 19
2018 Q3
Earnings call transcript
1 Nov 18
2018 Q2
Earnings call transcript
7 Aug 18