More on PPL Q4: Earnings suffer from major charge


PPL (PPL) makes a net loss of $98M vs a profit of $359M a year earlier after taking an after-tax charge of $413M for ending the lease of a power plant in Colstrip in Montana.

Unregulated wholesale energy revenue -48%.

However, PPL experienced higher nuclear generation volume and capacity prices, while expenses and income taxes fell.

PPL expects 2014 EPS of $2.05-2.25, reflecting increased revenue from its three regulated businesses. Consensus is for $2.16. (PR)

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