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MarketScreener Homepage  >  Equities  >  Nyse  >  PPL Corporation    PPL

PPL CORPORATION

(PPL)
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PPL : Electric Utilities contributes $750,000 to improve children's education

11/20/2020 | 10:06am EST

PPL Electric Utilities contributed $750,000 in 2020 though the state's Education Improvement Tax Credit program to more than 100 organizations working to improve education and provide high-quality early childhood education for Pennsylvania's students.

'At PPL, we believe that building a strong foundation is critical to the success of today's students,' said Steve Breininger, vice president of Finance and Regulatory Affairs/controller for PPL Electric Utilities. 'We're fortunate to be able to participate in the Pennsylvania Department of Community and Economic Development's Education Improvement Tax Credit program, which gives companies an opportunity to support equitable and engaging high-quality programs to improve educational outcomes for children.'

More than 90 nonprofit education improvement organizations received $550,000 in grants in 2020 for their efforts to create and enhance innovative educational programs. These include programs focused on science, career exploration, performing arts, reading and math enrichment and teacher training. This year's grants also included funding to assist in the transition to virtual educational experiences and remote learning. Additionally, PPL gave a combined $200,000 to about a dozen pre-K scholarship organizations under the special tax credit program.

Through the EITC program, the state encourages businesses to contribute to pre-K programs and educational improvement organizations to expand educational opportunities for students. Since the program began in 2001, PPL has contributed more than $15 million toward education in the state. The recipients must be qualified by the state Department of Community and Economic Development.

PPL accepts applications for EITC grants annually from June 1 to July 15. Interested Education Improvement Organizations and pre-K scholarship organizations can apply online at www.pplcares.com

PPL Electric Utilities provides electric delivery service to more than 1.4 million homes and businesses in Pennsylvania and ranks among the best utility companies in the country for customer service and reliability. PPL Electric Utilities is a major employer in the communities it serves. It is a subsidiary of PPL Corporation (NYSE: PPL).

Contact:

Lissette Santana

Tel: 610-774-5997

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 7 974 M - -
Net income 2020 1 763 M - -
Net Debt 2020 23 361 M - -
P/E ratio 2020 11,9x
Yield 2020 5,81%
Capitalization 21 965 M 21 965 M -
EV / Sales 2020 5,68x
EV / Sales 2021 5,75x
Nbr of Employees 12 280
Free-Float 99,9%
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 30,19 $
Last Close Price 28,57 $
Spread / Highest target 12,0%
Spread / Average Target 5,68%
Spread / Lowest Target -2,00%
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Managers and Directors
NameTitle
Vincent Sorgi President, Chief Executive Officer & Director
William Harold Spence Non-Executive Chairman
Joseph P. Bergstein Chief Financial Officer & Senior Vice President
John W. Conway Lead Independent Director
Craig A. Rogerson Independent Director
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