LEXINGTON, Ky., May 14, 2019 /PRNewswire/ -- PPL Corporation
(NYSE: PPL) delivered strong operational performance in 2018 and
remains steadfast in pursuit of its strategy for long-term growth
and success moving forward, PPL's Chairman, President and Chief
Executive Officer William H. Spence
announced today at the company's annual meeting of shareowners in
Lexington, Kentucky.
"We provided energy safely, reliably and affordably to more than
10 million electricity customers in the U.S. and the U.K. and more
than 300,000 natural gas customers in Kentucky," Spence said.
"We invested $3.3 billion in
infrastructure improvements to modernize the grid, enhance physical
and cyber security, and advance a cleaner energy future. We
achieved the high end of our earnings forecast range for the second
straight year and increased our dividend 4%. We also provided
industry-leading customer service and remained as focused as ever
on strengthening reliability."
In addition, Spence said the company continued to support a
cleaner energy future, setting a goal to cut PPL's carbon dioxide
emissions 70% from 2010 levels by 2050.
During the company's annual meeting, PPL shareowners elected
nine directors to one-year terms, approved 2018 compensation for
executive officers named in the company's proxy statement, and
ratified the appointment of Deloitte & Touche LLP as the
company's independent registered public accounting firm for
2019.
For additional background information on the directors elected
Tuesday, visit the Board of Directors page at www.pplweb.com.
Headquartered in Allentown,
Pennsylvania, PPL Corporation (NYSE: PPL) is one of the
largest companies in the U.S. utility sector. PPL's seven
high-performing, award-winning utilities serve 10 million customers
in the U.S. and United Kingdom.
With more than 12,000 employees, the company is dedicated to
providing exceptional customer service and reliability and
delivering superior value for shareowners. To learn more, visit
www.pplweb.com.
Note to Editors: Visit our media website at
www.pplnewsroom.com for additional news and background about PPL
Corporation.
Contacts:
|
For news media: Ryan
Hill, 610-774-5997
For financial
analysts: Andy Ludwig, 610-774-3389
|
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SOURCE PPL Corporation