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PPL Susquehanna Nuclear Plant Plans Unit Shutdown For Additional Turbine Inspection

Stocks in this article: PPL

PPL Corporation announced on Friday (10/5) that the estimated after-tax financial impact of the inspections, which includes reduced energy-sales margins and possible repair expenses, could be in the range of $15 million to $45 million. The company is maintaining its 2012 forecast of $2.15 to $2.45 per share in earnings from ongoing operations.

The Susquehanna plant, located in Luzerne County about seven miles north of Berwick, is owned jointly by PPL Susquehanna LLC and Allegheny Electric Cooperative Inc. and is operated by PPL Susquehanna LLC.

PPL Susquehanna LLC is one of PPL Corporation's generating affiliates. Headquartered in Allentown, Pa., PPL Corporation (NYSE: PPL) owns or controls through its subsidiaries about 19,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets, and delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom. More information is available at www.pplweb.com.

Statements contained in this press release, including statements with respect to future earnings and generation operations are "forward-looking statements" within the meaning of the federal securities laws. Although PPL and PPL Energy Supply believe the expectations and assumptions reflected in these forward-looking statements are reasonable, these statements are subject to a number of risks and uncertainties, and actual results may differ materially from the results discussed in the statements. Among the important factors that could cause actual results to differ materially from the forward-looking statements are: market demand and prices for energy, capacity and fuel; competition in power markets; the effect of any business or industry restructuring; the profitability and liquidity of PPL Corporation and its subsidiaries; operating performance of plants and other facilities; environmental conditions and requirements and the related costs of compliance, including environmental capital expenditures and emission allowance and other expenses; system conditions and operating costs; development of new projects, markets and technologies; performance of new ventures; asset or business acquisitions and dispositions, and the commitments and liabilities of PPL Corporation and its subsidiaries. Any such forward-looking statements should be considered in light of such important factors and in conjunction with PPL Corporation's and PPL Energy Supply's Form 10-K and other reports on file with the Securities and Exchange Commission.

 

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