PPL's Arm Receives Approval for $326M in Infrastructure Upgrade
EXCExelon(EXC) Zacks Investment Research·2024-04-03 22:16

PPL Corporation (PPL) announced that its subsidiary Rhode Island Energy received unanimous approval from the Rhode Island Public Utilities Commission (“RIPUC”) for nearly 326million.TheplannedspendingbetweenApr1,2024,andMar31,2025,isaimedatimprovingthesafetyandreliabilityofRhodeIsland′selectricandgasnetworks.TheproposedspendingisrelatedtoRhodeIslandEnergy’sannualinfrastructure,safetyandreliabilityplansforgasandelectricity.Itcoversapproximately326 million. The planned spending between Apr 1, 2024, and Mar 31, 2025, is aimed at improving the safety and reliability of Rhode Island's electric and gas networks. The proposed spending is related to Rhode Island Energy’s annual infrastructure, safety and reliability plans for gas and electricity. It covers approximately 300 million i ...