Central Networks
By Terry McDonald on May 18, 2011
Tags: Bank of Scotland plc., Barclays Bank plc, Central Networks, Credit Suisse Securities (Europe) Limited, Merrill Lynch International, PPL Corporation, The Royal Bank, United Kingdom, United States, Wales, USD, Central Networks, PPL, electricity, Finance, Kentucky, M&A, Pennsylvania, power utilities, Tennessee, UK, Virginia
Allentown, Pennsylvania-based power utility PPL Corporation (NYSE: PPL) said Tuesday it has completed the permanent financing related to its $6.6 billion acquisition of the former Central Networks electricity distribution companies in the United Kingdom. The acquired companies are operated by PPL's Western Power Distribution under the names WPD East Midlands and WPD West Midlands.
By Terry McDonald on April 13, 2011
Tags: Allentown, Central Networks, Central Networks East plc, Central Networks West plc, PPL Corporation, United Kingdom, United States, Wales, USD, Central Networks, PPL, acquisition, electricity, energy, Finance, finance, Kentucky, Pennsylvania, Tennessee, utilities, Virginia
Shares of Allentown, Pennsylvania-based power utility PPL Corporation (NYSE: PPL) are up 4.5% this week after the company announced Monday that it will issue common shares worth about $2.1 billion and equity units worth about $750 million to help finance the acquisition of an energy company in the U.K. The shares and units are expected to be issued April 15.
