Company
PPL Corporation
Headquarters: Allentown, PA, United States
Founded: June 4, 1920
Employees: 5,607
CEO: Mr. Vincent Sorgi
Market Cap
$20.39 Billion
USD as of Jan. 1, 2024
PPL Corporation Categories
United States Utilities Utilities—Regulated ElectricUnited States Utilities United States Utilities—Regulated Electric
Company Description
The PPL Corporation is a utility company primarily engaged in the production and distribution of electricity. Tracing its origins to the creation of Pennsylvania Power and Light in 1920, PPL now delivers electricity to more than 10 million customers in Kentucky, Pennsylvania, and the U.K. Operating through seven regulated subsidiaries, PPL produces power from coal, oil, or natural gas and it is also involved in natural gas distribution and solar energy.
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Electric
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $127.19 B |
| The Southern Company | $78.21 B |
| Duke Energy Corporation | $76.13 B |
| PG&E Corporation | $45.71 B |
| American Electric Power Company, Inc. | $43.85 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $127.19 B |
| China Yangtze Power Co. Ltd | $82.16 B |
| Iberdrola, SA | $81.95 B |
| The Southern Company | $78.21 B |
| Duke Energy Corporation | $76.13 B |
Detailed Description
PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through two segments: Kentucky Regulated and Pennsylvania Regulated. It serves approximately 429,000 electric and 333,000 natural gas customers in Louisville and adjacent areas in Kentucky; 538,000 electric customers in central, southeastern, and western Kentucky; and 28,000 electric customers in five counties in southwestern Virginia. The company also provides electric services to approximately 1.4 million customers in Pennsylvania; and generates electricity from coal, gas, hydro, and solar sources in Kentucky; and sells wholesale electricity to two municipalities in Kentucky. PPL Corporation was founded in 1920 and is headquartered in Allentown, Pennsylvania.
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Stocks & Indices
PPL Corporation has the following listings and related stock indices.
Stock: NYSE: PPL wb_incandescent
Stock: Bovespa: P1PL34 wb_incandescent
Stock: FSX: PP9 wb_incandescent
Stock: XETR: PP9 wb_incandescent
Key People
Vincent Sorgi, President and Chief Executive Officer
Financials
Revenue: US$7.6 billion (Q4 2020)
Net income: US$1.469 billion (Q4 2020)