PPL Corporation announced that the Rhode Island Public Utilities Commission has approved $290M to improve Rhode Island’s electric and gas networks in connection with the latest Infrastructure, Safety, and Reliability plans proposed by PPL subsidiary Rhode Island Energy. The ISR plans are submitted annually and outline proposed capital investments to strengthen the state’s electric and gas infrastructure. In addition, the electric ISR plan includes related operating costs for vegetation management, system inspection and other work related to maintaining the safety and reliability of the electric distribution system. The approved plans address proposed spending from April 1, 2023, to March 31, 2024.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on PPL:
- PPL Corp. backs FY23 EPS view $1.50-$1.65, consensus $1.59
- PPL Corp. price target lowered to $28 from $32 at Mizuho
- PPL Corp. reaffirms $12B of planned infrastructure investments from 2023-2026
- PPL Corporation reports 2022 earnings, exceeding midpoint of forecast
- PPL Corp. raises quarterly dividend to 24c from 22.5c per share
