Mr Gabbard, an industry veteran with more than two decades of experience, joined PPL in June 2008 as senior vice president of trading. Prior to working with PPL, Mr Gabbard served as senior vice president of merchant trading operations of Delaware-based Conectiv Energy for three years.

William Spence, PPL’s executive vice president and COO, said: Joe has done an outstanding job of expanding the capabilities of our energy trading and marketing operation, putting in place an excellent management team. We thank him for his contribution to PPL and wish him well in his new position.