PPL Reports Surprise Shutdown At Nuclear Plant In Pennsylvania

Date : 08/19/2011 @ 2:58PM
Source : Dow Jones News
Stock : Ppl Corp. (PPL)
Quote : 37.96  -0.16 (-0.42%) @ 10:19AM

PPL Reports Surprise Shutdown At Nuclear Plant In Pennsylvania

Ppl (NYSE:PPL)
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A reactor at PPL Corp.'s (PPL) Susquehanna nuclear power plant unexpectedly shut down Friday while workers were performing routine tests, the company said.

PPL spokesman George Lewis said no one was injured by the automatic shutdown, which happened at 10:46 a.m. EDT as the unit's sensors performed routine equipment surveillance.

The company hasn't yet determined whether the tests caused the reactor to shut down and stop generating electricity. Another unit at the two-reactor facility continues to operate at full power.

The northeast Pennsylvania power plant is jointly owned by PPL and Allegheny Electric Cooperative Inc.

Shares of PPL were recently up a penny at $27.30. The stock has gained 3.7% this year.

-By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

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