- PPL Corp. (PPL +1.1%) is in talks to sell a stake in its electric power subsidiary to P-E firm Riverstone Holdings as part of a tax-free spinoff of the unit, Bloomberg reports.
- The deal reportedly would have PPL spinning out PPL Energy Supply to shareholders and then merging it with a smaller group of Riverstone-owned power facilities in Texas and New Jersey.
- The combined entity would have a market value of $3B-$4B and operate electrical plants with ~12K MW of capacity.
From other sites
at CNBC.com (Jan 2, 2015)
at CNBC.com (Nov 5, 2014)
at CNBC.com (Jun 11, 2014)
at CNBC.com (Jun 10, 2014)
at CNBC.com (Jun 2, 2014)
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