) subsidiary PPL Electric Utilities has announced its plan to
start the Susquehanna-Roseland power line project, jointly with
Public Service Enterprise Group Inc.
) unit Public Service Electric & Gas Company. The project
will begin on Sep 3, 2013.
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PPL Corp. and Public Service Enterprise will install the 145-mile
long Susquehanna-Roseland power line, spanning from Berwick, Pa.
to Roseland, N.J. Further, the companies will construct new
concrete foundations and new poles, replace the existing aging
power line, and fix new wires.
The project covers the Delaware Water Gap National Recreation
Area, the Middle Delaware National Scenic and Recreational River,
and the Appalachian National Scenic Trail.
The project will help the companies to provide uninterrupted
service to their customers while strengthening system competence
and boosting environmental performance. These factors will
subsequently improve the companies' customer reliability and
It is quite obvious from PPL Corp.'s capital spending program
that the company currently intends to upgrade its electricity
distribution assets. The company is in the middle of numerous
important projects, including the development of the Lackawanna
As of Jun 30, 2013, PPL Corp. had cash and cash equivalents of
$711 million and net cash provided by operating activities during
the first six months of 2013 of $947 million. The company's
strong financial position encourages it to follow steady
infrastructure development activities.
Allentown, Pa.-based PPL Corp. generates and delivers electricity
and natural gas to its customers in the U.S. and UK.
PPL Corp. currently has a Zacks Rank #3 (Hold). Other stocks in
the industry that are worth considering include
Huaneng Power International, Inc.
) with a Zacks Rank #1 (Strong Buy), and
Alliant Energy Corp.
) with a Zacks Rank #2 (Buy).