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With planned spin-off of UK business, PPL eyes US acquisition opportunities

Aug 11, 2020 - SNL Energy Finance Daily
Financial Results

"Assuming we acquire another U.S. utility, we believe we can leverage our operational excellence and efficient business model to create even more value for both customers and shareowners," PPL President and CEO Vincent Sorgi said.

Should PPL Corporation successfully spin off its U.K. business, Western Power Distribution PLC, the Allentown, Pa.-headquartered utility could be on the hunt for a merger in the U.S., its CEO said Aug. 10.

On the same morning, it released second-quarter ear...