The transaction includes the 244MW Wallingford gas-fired plant in Connecticut, the 585MW University Park gas-fired facility in Illinois, and PPL’s one-third share in the 421MW Safe Harbor hydropower station in Pennsylvania.
PPL also said this week that it plans to invest more than $450m this year in its transmission and distribution system to strengthen aging infrastructure and upgrade facilities in certain areas due to increased demand.
PPL owns or controls nearly 19,000MW of generating capacity in the US and delivers electricity and natural gas to about 5.2 million customers in the US and the UK.
