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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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