PPL Corporation
PPL Corporation is a publicly-traded American energy company, headquartered in Pennsylvania, USA. The vast majority of its power plants are fossil fuel powered. PPL Corporation is a holding company that has 3 main sectors of activities:
- 42.40%: Production and sales of electricity in the USA
- 29.40%: Distribution of electricity and natural gas in Pennsylvania
- 28.10%: Electricity distribution in the UK
Company
- 7.92% Vanguard Group Inc
- 5.26% SSgA Funds Management Inc
- 2.46% Fidelity Management & Research Company
- 2.29% BlackRock Fund Advisors
- 2.25% Invesco Asset Management Ltd
- 2.20% Capital Research & Management Company
- 2.16% Caisse de dépôt et placement du Québec
- 1.96% Mellon Investments Corporation
- 1.94% Hotchkis & Wiley Capital Management LLC
- 1.59% Geode Capital Management LLC
Structure
PPL Corporation, OC
- PPL UK Holdings LLC, OC, ref, reg. Delaware
- PPL UK Resources Ltd, investment holdco, CH
- PPL UK Distribution Holdings Ltd, (99.2% / 0.8%), CH
- PPL UK Management Partners, CH, pp.23-38, (PPL UK Resources Ltd (99.539%) CH + PMDC International Holdings Inc (0.461%) OC)
- PPL WPD Ltd, CH
- PPL WPD Investments Ltd, CH
- Western Power Distribution plc, holds 67.1% interest in WPD Distribution Network Holdings Ltd, CH
- WPD Investment Holdings Ltd, CH
- PPL UK Investments Ltd, investment company, CH
- WPD Distribution Network Holdings Ltd, CH
- Western Power Distribution Investments Ltd, investment company, CH
- WPD Investments Ltd, investment company, [CH]
- Kelston Properties 2 Ltd, property management, [CH]
- Western Power Generation Ltd, power generation, [CH]
- ... ... more (Mar.2018, p.17)
- South Western Helicopters Ltd, helicopter operator, CH
- WPD Property Investments Ltd, property management, CH
- WPD Smart Metering Ltd, electricity metering, CH
- WPD Midlands Properties Ltd, investment company, CH
- PPL Island Ltd, group financing, CH
- Surf Telecoms Ltd, telecommunications, CH
- Western Power Distribution (West Midlands) plc, was Midlands Electricity plc, DNO, regulated elec. distribution monopoly, CH
- Western Power Distribution (East Midlands) plc, was East Midlands Electricity plc, DNO, regulated elec. distribution monopoly, CH
- Western Power Distribution (South West) plc, was South Western Electricity plc, DNO, regulated elec. distribution monopoly, CH
- WPD Ltd, dormant, CH
- Western Power Distribution (South Wales) plc, was South Wales Electricity plc, DNO, regulated elec. distribution monopoly, CH
- Western Power Distribution Investments Ltd, investment company, CH
- Western Power Distribution plc, holds 67.1% interest in WPD Distribution Network Holdings Ltd, CH
- PPL WPD Investments Ltd, CH
- PPL WPD Ltd, CH
- PPL UK Resources Ltd, investment holdco, CH
- Orphans
- WPD Ltd, property management; leasing, OC, reg. Guernsey
- Aztec Insurance Ltd, "WPD has a wholly-owned captive ins. company", OC, reg. Guernsey
Western Power Distribution Ltd
“The company’s transition to a DSO model will support the customer adoption of electric cars, low carbon heating and distributed generation investment.”ref
During the 6-year transition to becoming a DSO, WPD will "focus on building a smarter, more secure grid that has the flexibility to accommodate distributed energy resources. It will also identify and adopt ways to increase network capacity through non-network solutions, such as energy storage and microgrids, and enhance coordination with the Transmission System Operator".
Distribution area: link
Carbontracer
https://www.wpdtelecoms.co.uk/, was SWEB Telecoms (1994); now WPD Telecoms Ltd, CH-02386327
Western Power Electricity Historical Society, http://wpehs.org.uk/, owned or just supporting?
Timeline
- 2000: After the takeover of Wales' largest company, Hyder plc, to form half of Western Power Distribution, a local beauty spot and part Site of Special Scientific Interest in the Welsh capital city of Cardiff, called Llanishen Reservoir, was acquired as an asset.ref,ref Western Power and PPL's plans to redevelop the surface area of the reservoir to include 300 new houses with a smaller 'wildlife area' are highly controversial, and the issue has been taken by various British MPs to the Welsh Assembly and the UK parliament.ref,ref
- 2000: PPL Corporation: PP&L Resources Inc changed its name; and PP&L Inc changed its name to PPL Electric Utilities Corporation.
- 1997: PP&L Inc: Pennsylvania Power & Light Company changed its name.
- 1995: PP&L Resources Inc became the parent company of PP&L. PP&L Resources Inc became a holding company for the regulated electric utilities, PP&L and emerging unregulated businesses.
- 1920: Pennsylvania Power & Light Company was created through the consolidation of 8 electric companies with 62 power plants serving central and eastern Pennsylvania.
WPD West Midlands
Mar.2011 | Western Power Distribution (West Midlands) plc: PPL acquired the distribution networks business "Central Networks" from E.ON, and re-branded it.ref,ref In Jul.2004, Powergen re-branded both the East Midlands Electricity (Central Networks East plc) and Midlands Electricity (Central Networks West plc) distribution networks as "Central Networks".ref |
May.2003 | Aquila Inc announced it had signed an agreement to sell the jointly-held interests in Midland Electricity to PowerGen, E.ON's UK subsidiary.ref, ref, ref,ref |
May.2002 | Aquila Inc (then UtiliCorp United Inc,ref) acquired an 79.90% majority stake in Avon Energy Partners from FirstEnergy Corporation. First Energy retained the remaining 20.10%.ref Aquila rebranded the business as "Aquila Networks UK".ref ref |
Oct.2001 | FirstEnergy Corporation merged with GPU Inc, which owned Avon Energy Partners Holdings, Midlands Electricity's parent holdco.ref |
Mar.2000 | Midlands Electricity was rebranded as "GPU Power". GPU Power.co.uk |
Jul.1999 | GPU Inc bought out Cinergy Corporation's 50% stake in Midlands Electricity.ref,ref |
Nov.1998 | Avon Energy Partners sold the supply business to National Power plc.ref,ref Cinergy and GPU continued owning and operating the distribution lines and substations.ref |
Jun.1996 | Avon Energy Partners Holdings, a joint venture between GPU Inc and Cinergy Corporation, acquired Midlands Electricity plc.CH, ref, ref |
Dec.1990 | Midlands Electricity plc, formerly Midlands Electricity Board, was privatised and floated, along with the other 13 Regional Electricity Companies. |
WPD East Midlands
Mar.2011 | Western Power Distribution (East Midlands) plc: PPL acquired the distribution networks business "Central Networks" from E.ON SE, and re-branded it.ref,ref (In Jul.2004, Powergen had re-branded both the East Midlands Electricity (Central Networks East plc) and Midlands Electricity (Central Networks West plc) distribution networks as "Central Networks".Central-Networks.co.uk) |
Jul.1998 | Powergen plc purchased East Midlands Electricity distribution and supply business from Dominion Resources, to add electricity supply to its portfolio.ref |
Nov.1996 | Dominion Resources Inc, an American power company, made a bid for East Midlands Electricity plc via its vehicle DR Investments (UK). The takeover was completed in Jan.1997.ref, ref, p.19 Dominion Resources Inc |
Dec.1990 | East Midlands Electricity plc, formerly East Midlands Electricity Board, was privatised and floated, along with the other 13 Regional Electricity Companies.ref |
tmp
- Feb.2001: Innogy acquired Yorkshire Power (was Yorkshire Electricity plc).ref Innogy previously acquired Midlands Electricity, Independent Energy and Calortex.
- Oct.1999: US company AES is to buy Drax coal-fired power station from National Power. An AES subsidiary will acquire the shares of a newly formed company, National Power Drax Ltd, into which the station's assets have been transferred. AES already has interests in 5 generating plants in the UK.ref
- Dec.1996: US generator CalEnergy acquired Northern Electric.ref
- Nov.1999: National Power splits in two, a split of its international and domestic operations into separate companies. National Power will sell its gas fired power station at Killingholme, North Lincolnshire, and its coal-fired station in Eggborough, North Yorkshire. The Killingholme station is being bought by US-based NRG Energy, and the Eggborough station by British Energy.ref
- Jul.1989: Magnox nuclear power stations withdrawn from the privatisation.
- Nov.1989: The remaining nuclear power stations (advanced gas-cooled reactors, AGRs) withdrawn from the privatisation.
- Mar.1990: Electricity Pool of England Wales opened for trading.
- Dec.1990: Regional Electricity Companies floated.
- Mar.1991: 60% of National Power floated.
- Jun.1991: Hydro Electric and ScottishPower floated.
- Mar.1995: Second tranche (40%) of National Power floated.
- Mar.1995: Government's 'golden share' in the RECs ended.
- Jul.1995: ScottishPower bid for Manweb. Takeover completed Oct.1995.
- Jul.1995: Hanson made agreed bid for Eastern Group plc (Eastern Electricity plc). Takeover completed Sept.1995.
- Sept.1995: North West Water bid for NORWEB. Takeover completed 8 November 1995.
- Sept.1995: Hanson takeover of Eastern Group completed.
- Nov.1995: Central and South West Corp. (USA) - through Central and South West (UK) - made agreed bid for SEEBOARD. Takeover completed Jan.1996. (In the USA: Dec.1997, CSW announced merger with American Electric Power, 50% owner of Yorkshire Electricity since Apr.1997. Merger completed Jun.2000; the new company is called American Electric Power (AEP).).
- Nov.1995: North West Water takeover of NORWEB completed.
- Nov.1995: National Grid's Pumped Storage Business incorporated as First Hydro.
- Dec.1995: Welsh Water Group bid for SWALEC (South Wales Electricity). Takeover completed Jan.1996.
- Dec.1995: National Grid Group (National Grid Company until Nov.1995) floated after a number of RECs demerged their shareholdings in the company.
- Dec.1995: Edison Mission Energy (USA) bought First Hydro in a trade sale.
- Mar.1996: Hyder formed as parent of SWALEC and Dwr Cymru Welsh Water.
- Mar.1996: Vesting Day - British Energy and its operating subsidiaries, Nuclear Electric Ltd and Scottish Nuclear Ltd. Nuclear Electric plc changed name to and vested as Magnox Electric plc.
- Apr.1996: United Utilities formed as parent of NORWEB and North West Water.
- Jul.1996: Southern Company sold 25% of its holding in SWEB to Power Markets Development Company (now called PP&L Global Inc), a subsidiary of PP&L Resources (USA).
- Jul.1996: British Energy floated.
- Oct.1996: CalEnergy and Peter Kiewit (both USA) - through CE Electric UK - bid for Northern Electric. Takeover completed Dec.1996.
- Dec.1996: The Government sold virtually all residual shareholdings in British Energy, ScottishPower, Hydro-Electric, National Grid, Northern Ireland Electricity, National Power and PowerGen.
- Jan.1997: American Electric Power (AEP) and Public Service Company of Colorado (both USA) - through Yorkshire Holdings - made agreed bid for Yorkshire Electricity. Takeover completed Apr.1997. (PS: Colorado merged with Southwestern Public Service Company in Aug.1997 to form New Century Energies; New Century Energies announced merger with Northern States Power Co. in Mar.1999. AEP announced a merger with Central and South West Corp (CSW) owner of SEEBOARD in Dec.1997).
- Feb.1997: The Energy Group (Eastern Electricity's parent) demerged from Hanson and shares commenced trading on London Stock Exchange.
- Jun.1997: PacifiCorp (USA) - through PacifiCorp Acquisitions, made agreed bid for The Energy Group.
- Aug.1997: Public Service Company of Colorado (50% owner of Yorkshire Electricity) merged with Southwestern Public Service Company to form New Century Energies.
- Jan.1998: The Government's shareholding in Magnox Electric was transferred to British Nuclear Fuels plc (BNFL). Magnox Electric became a wholly-owned subsidiary of BNFL, to be known as BNFL Magnox Generation. Full integration took place 30 January 1999.
- Feb.1998: PacifiCorp announced new bid for The Energy Group. Mar.1998: PacifiCorp raised its offer for The Energy Group. Apr.1998: Pacificorp withdrew its bid.
- Feb.1998: Viridian Group was quoted on London and Dublin Stock Exchanges as the holding company for Northern Ireland Electricity.
- Mar.1998: Texas Utilities Company (USA), through TU Acquisitions PLC, bid for The Energy Group.
- Jun.1998: Southern Company sold an additional 26% share of SWEB to PP&L Resources. PP&L now owns 51% of SWEB.
- British Energy announced the planned merger of its operating divisions Nuclear Electric and Scottish Nuclear. Completed 1 January 1999.
- Aug.1998: In the USA, CalEnergy (owner of Northern Electric), announced its intention to merge with MidAmerican Energy Co. The new group will be called MidAmerican Energy Holdings Company. Completed Mar.1999; MidAmerican is now a privately-owned company.
- Sept.1998: Scottish Hydro-Electric and Southern Electric announced their intention to merge to form Scottish and Southern Energy.
- Sept.1998: Texas Utilities takeover of The Energy Group completed.
- Dec.1998: Scottish and Southern Energy merger completed.
- Jan.1999: Nuclear Electric and Scottish Nuclear, previously operating subsidiaries of British Energy, merged to form a single division - British Energy Generation Ltd.
- Jan.1999: Full integration of Magnox Generation and BNFL. Magnox Generation is now one of BNFL's five Business Groups.
- Jun.1999: Hyder announced it had agreed to sell Swalec's electricity and gas supply business to British Energy. Govt approval received in Sept.1999.
- Sept.1999: The Government approved British Energy's acquisition of Swalec's electricity and gas supply business. Completed in Feb.2000; SWALEC's distribution business, still owned by Hyder, was renamed Infralec. The registered name changed from South Wales Electricity plc to British Energy Retail Markets Ltd.
- Oct.1999: SWEB changed its name to Western Power Distribution. London Electricity plc was using the SWEB brand for electricity and gas supply in the region.
- Oct.1999: In the USA, Berkshire Hathaway (75%), and other buyers, bought MidAmerican Energy Holdings (owner of Northern Electric). Completed 14 March 2000.
- Nov.1999: Eastern Group - parent of Eastern Electricity, itself owned by TXU (USA) - changed its name to TXU Europe Group plc and will be known as TXU Europe. (Eastern Generation is now TXU Europe Power and Eastern Power, and Energy Trading will be TXU Europe Energy Trading by Jan.2000).
- Nov.1999: National Power announced it is to split into two independent businesses - UK energy (to be called nPower), and international energy. nPower is to sell Killingholme to NRG Energy, and Eggborough to British Energy.
- Jul.2000: National Power announced it was to split into two companies: Innogy, the UK business including the npower brand name, and International Power, the international business.
- Dec.1999: London Electricity plc and Eastern Electricity plc, the distribution arm of TXU Europe Group, announced their intention to set up a joint venture to operate their distribution networks. The new operator, 24seven, launched in Apr.2000.
- Mar.2000: United Utilities, owner of Norweb, announced its intention to sell the Norweb Energi electricity and gas supply business.
- Mar.2000: Electricité de France announced its intention to float London Electricity.
- Aug.2000: TXU Europe purchased Norweb Energi, Norweb's supply business, and power purchase agreements. Norweb's customer service business, Vertex, will manage TXU Europe's customer service operations. TXU Europe and North West Water will form a marketing alliance.
- Aug.2000: British Energy sold Swalec to Scottish and Southern Energy.
- Aug.2000: ELEXON Ltd took over the responsibility for the Electricity Pool and the introduction of the Balancing and Settlement Code which will support the New Electricity Trading Arrangements.
- Aug.2000: In the USA, New Century Energies (50% owner of Yorkshire Electricity) and Northern States Power completed their merger to form Xcel Energy.
- Sept.2000: Western Power Distribution's bid for Hyder became wholly unconditional. Infralec distribution area to be rebranded as Western Power Distribution in early 2001.
- Oct.2000: National Power divided into Innogy Holdings and International Power.
- Oct.2000: In the USA, Southern Company sold 19.7% of Southern Energy, owner of Western Power Distribution and Hyder. It is intended to sell the remaining share in April 2000.
- Nov.2000-Mar.2001: London Electricity structure changing: LE Group is the new group name (to be officially launched Apr.01.2001); London Electricity is a supply brand.
- Dec.2000: The govt redeemed its golden share in National Power at the request of the company. The govt still holds golden shares in Powergen, National Grid, British Energy, Northern Ireland Electricity, ScottishPower and Scottish and Southern Energy.
- 2001: During the year, the electricity companies separated their distribution and supply businesses into distinct companies, as called for by the Utilities Act 2000.
- Jan.2001: In the USA, Southern Energy (49% owner of Western Power Distribution) was renamed Mirant Corporation.
- Feb.2001: Innogy announced the purchase of 94.75% of Yorkshire Power Group, the holding company for Yorkshire Electricity Group. Xcel Energy retains a 5.25% share. Board and regulatory approval Apr.2001.
- Apr.2001: Norweb Distribution changed name to United Utilities.
- Apr.2001: Innogy announced Board and regulatory approval for its acquisition of 94.75% of Yorkshire Power Group.
- Aug.2001: It was announced that Northern Electric will acquire Yorkshire Electricity's distribution assets, currently owned by Innogy, and in return Innogy will acquire Northern Electric's electricity and gas supply customer base and its metering business. Completed Sept.2001.
- Aug.2001: TXU Europe announced it will relaunch its supply business brands, Eastern Energy and Norweb Energi, as TXU Energi, with effect from Sept.
- Sept.2001: TXU relaunched its supply business brands, Eastern Energy and Norweb Energi as TXU Energi.
- Sept.2001: Northern Electric acquired Yorkshire Electricity's distribution assets from Innogy in exchange for Northern Electric's electricity and gas supply customer base and its metering business.
- Nov.2001: LE Group confirmed it is to buy TXU's distribution business, subject to regulatory approval. Completed Jan.2002.
- Jan.2002: National Grid introduced a new holding company, (called New National Grid for an interim period, then renamed National Grid Group plc), upon completion of its acquisition of Niagara Mohawk Inc (USA) - (completed 31 January 2002)
- Jan.2002: LE Group purchase of TXU Europe's distribution business completed. The new company is called EPN Distribution Limited, trading as EPN. TXU's 50% share in 24 Seven Utilities Service Ltd was also sold to LE Group.
- Mar.2002: RWE AG (Germany) agreed takeover of Innogy Holdings announced. Completion expected June / July 2002.
- Apr.2002: National Grid and Lattice announced that they had unanimously agreed the terms of a recommended merger of equals to create National Grid Transco. Subject to shareholder and regulatory approval in UK and US. Merger completed 22 October 2002.
- May.2002: RWE announced it had completed the acquisition of Innogy.
- Jun.2002: American Electric Power (AEP) (USA) agreed to sell SEEBOARD to LE Group (owned by Electricite de France). Completed ??.2002.
- Jul.2002: In France, Jean-Pierre Raffarin, the French Prime Minister, announced that the legal status of state-owned Electricité de France (owners of LE Group) would be changed to allow limited privatisation of the utility.
- Jul.2002: LE Group acquisition of SEEBOARD completed.
- Sept.2002: Mirant (USA) sold its 49% stake in Western Power Distribution to PPL Corp (USA), which now owns 100% of WPD.
- Oct.2002: TXU announced that TXU Europe will be offering for sale all or portions of its business.
- Oct.2002: National Grid Group and Lattice completed their merger to form National Grid Transco.
- Jun.2003: LE Group changed its name to EDF Energy. The retail brands are London Energy, SWEB Energy and Seeboard Energy. Network name EDF Energy. Generation name EDF Energy.
ToDo: ENA publications. Energy Networks Association. Accessed Jul.27.2019. ♦ Electricity companies in the United Kingdom - a brief chronology. Electricity Association Policy Research, Privatisation Barometer, Jun.30.2003. Original archived on Dec.14.2017. ♦ Who owns whom in the UK electricity industry. Electricity Association Policy Research, Privatisation Barometer, Jun.30.2003. Original archived on Jun.07.2020.
WPD South Wales
<tr id=""Hyder"">May.2001 | Welsh Water: Dŵr Cymru Welsh Water was sold for £1 to Glas Cymru, a company set up in Apr.2000 to own DCWW for the public benefit. Under the terms of its licence, Glas Cymru may not operate in sectors other than water. ref, p.1 |
Oct.2000 | Western Power Distribution (South Wales) plc: WPD renamed the electricity distribution business. Hyder's subsidiaries were promptly sold off. See Hyder (defunct company) § The sale and break-up of Hyder. |
Sept.2000 | Following the Windfall Tax on utility profits, plus OfWat's 1999 price review, Hyder got into financial difficulties. WPD Ltd, which already held a 7.15% stake, made a hostile offer, which was eventually accepted.A/cs Mar.31.2000, p.13 Waterlat-Gobacit have an excellent paper on Hyder's unsavoury and predatory business practices, with how and why they came unstuck (2017). |
Feb.2000 | Hyder sold SWALEC's retail electricity and gas supply businesses to British Energy, along with the brand name. A/cs Mar.31.2000, p.74 Hyder retained SWALEC's electricity distribution business, renamed to "Infralec". (British Energy didn't hold on to the company for long; in Aug.2000 they sold it to Scottish and Southern Energy.) |
Mar.1996 | Hyder plc: Welsh Water plc re-branded itself.ref |
Jan.1996 | SWALEC was acquired by Welsh Water plc.ref The aim behind becoming a multi-utility was to streamline both operations and share overheads such as offices and operational departments, thus making significant savings.ref |
Aug.1993 | SWALEC Gas Ltd: with an eye on the coming deregulation of the gas market, SWALEC renamed a gas supply subsidiary which already operated in the South Wales region. Post-deregulation, they were ready and waiting to supply dual fuels to customers.A/cs Mar.31.1994, p.1 |
Dec.1990 | South Wales Electricity plc (SWALEC), formerly South Wales Electricity Board (SWALEB), was privatised and floated, along with the other 13 Regional Electricity Companies.CH |
WPD South West
Sept.1999 | Western Power Distribution (South West) plc: Southern Company sold its 49% stake in SWEB's supply operations to London Electricity, owned by France's EDF Energy.ref,ref, p.60 In Oct., SWEB's electricity distribution business was renamed.ref, p.5 |
Jun.1998 | PPL's subsidiary Power Markets Development Company purchased an additional 26% in SWEB Holdings, increasing its interest to 51%.ref |
Jul.1996 | PPL's subsidiary, Power Markets Development Company purchased a 25% stake in SWEB Holdings from Southern Company.ref,ref |
?date? | SWEB’s shares in the National Grid and the Grid’s pumped storage business were sold. |
Sept.1995 | SWEB was acquired by US utility company Southern Company, later known as GenOn Energy Holdings.ref,ref The deal included SWEB's stake of 6.3% in National Grid Holdings plc, floated in Nov. The govt wanted the Regional Electricity Companies to dispose of their stakes, but Southern made it clear they wanted to retain some holding.ref |
Dec.1990 | South Western Electricity plc, formerly South Western Electricity Board, was privatised and floated, along with the other 13 Regional Electricity Companies.CH |