HomeNovember 4, 2011
PPL Cites "Very Positive" Experience with Retail Business to Date
Copyright 2011 EnergyChoiceMatters.com.
Earnings from ongoing operations at PPL Corp.'s competitive Supply segment were $208 million for the third quarter of 2011, down from $260 million a year ago.
The decline was primarily due to lower energy margins as a result of lower Eastern energy and capacity prices, partially offset by higher margins on full requirements sales contracts and higher baseload generation.
Executives said that, year-to-date, PPL has had "very positive experience with our [competitive] retail book," which, as previously reported, was expanded to mass market customers at PPL and PECO earlier this year.
Unregulated retail electric and gas gross energy margins were $186 million for the quarter, versus $108 million a year ago.
PPL EnergyPlus retail electric sales, including POLR volumes to PPL, were 2,564 GWh in the quarter, versus 2,260 GWh a year ago.
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