Ppl Corporation
PPL Corporation is an energy and utility holding company that was incorporated
in 1994. Through its subsidiaries, PPL generates electricity in power plants in
the northeastern and western U.S.; markets wholesale or retail energy primarily
in the northeastern and western portions of the U.S.; delivers electricity to
nearly five million customers in Pennsylvania, the U.K. and Latin America; and
provides energy services for businesses in the mid-Atlantic and northeastern U.S.
PPL Energy Supply, LLC, an indirect wholly-owned subsidiary of PPL formed in
2000, is an energy company engaged through its subsidiaries in the generation
and marketing of power primarily in the northeastern and western power markets
of the U.S. and in the delivery of electricity in the U.K. and Latin America.
PPL Energy Supplys major operating subsidiaries are PPL Generation, PPL EnergyPlus
and PPL Global. PPL Energy Supply owns or controls 11,527 MW of electric power
generation capacity, and is constructing new electric generation projects in
Pennsylvania, which will add 663 MW of electric generation capacity.
PPL Electric Utilities Corporation, incorporated in 1920, is a direct subsidiary
of PPL and a regulated public utility. PPL Electric provides electricity delivery
service in its service territory in Pennsylvania, and provides electricity supply
to retail customers in that territory as a PLR under the Customer Choice Act.
PPL Montana, LLC, an indirect wholly-owned subsidiary of PPL Energy Supply
formed in 1998, acquired the Montana generating assets in 1999. PPL Montana
operates interests in 13 electric generating facilities, which it owns or leases,
with an aggregate capacity of 1,157 MW. PPL Montanas primary regional market
for wholesale customers is the northwest U.S. (Montana, Oregon, Washington and
Idaho).
PPL is organized into segments consisting of Supply, Delivery and International.
PPL Energy Supplys segments consist of Supply and International. In addition,
certain corporate service functions reside in PPL Services. PPL Electric and
PPL Montana do not have segments.
COMPETITION
The unregulated businesses and markets that PPL and its subsidiaries participate
in are highly competitive. The electric industry has experienced an increase
in the level of competition in the energy markets over the last several years
due to federal and state deregulation initiatives.
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