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PPL CORPORATION

(PPL)
  Report
Delayed Nyse  -  04:00 2022-12-01 pm EST
29.29 USD   -0.78%
11/21PPL to Pay Quarterly Stock Dividend Jan. 3, 2023
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PPL Foundation announces community empowerment program in Rhode Island

09/16/2022 | 10:51am EST

PPL Foundation announced it is expanding the focus of its philanthropy to Rhode Island, seeking to support initiatives that strengthen communities served by Rhode Island Energy.

PPL Foundation was established by PPL Corporation, Rhode Island Energy's parent company, to support programs that improve lives in areas served by PPL's utilities. Since 2015, it has awarded more than $20 million to nonprofit organizations making a difference in their local communities.

PPL Foundation will begin accepting applications through its Empowering Communities grant program Sept. 15. The program will provide grants of $1,000 to $50,000 to support nonprofits focused on education; diversity, equity and inclusion; and sustainable communities in Rhode Island.

'For over a century, PPL has strived to empower the communities we serve by delivering reliable energy service, philanthropic contributions and support for community development and education,' said Ryan Hill, president of the PPL Foundation. 'With the addition of Rhode Island Energy to the PPL family of companies, we are proud to continue our legacy of corporate citizenship by supporting nonprofit organizations through the philanthropic efforts of the PPL Foundation.'

In awarding Empowering Communities Grants, the PPL Foundation will focus on three areas:

Education - includes STEM (Science, Technology, Engineering and Math), college and career readiness, summer learning and literacy.

Diversity, equity, and inclusion - includes racial and social justice programs; minority-led organizations driving change; and empowerment programs for people of color, women, the disabled, LGBTQ and veterans.

Sustainable communities - includes environmental conservation and education programs; community development programs; and career and small business incubators.

PPL Foundation will be accepting grant applications through Oct. 15, with grants awarded later this fall. Beginning in 2023, the Foundation expects to conduct two grant cycles each year to provide ample opportunities for nonprofit organizations seeking funding in the state.

Interested organizations can learn more at www.rienergy.com/Our-Company/Empowering-Communities

About the PPL Foundation

PPL Foundation is an independent, non-profit organization. Funded by PPL Corporation, the Foundation was formed to support community initiatives in the areas served by PPL Corporation's utilities. Through strategic partnerships, the PPL Foundation supports nonprofit organizations that are engaged in innovative and groundbreaking work to create vibrant, sustainable communities; advance diversity, equity and inclusion; and support children's success from cradle to career in both Pennsylvania and Rhode Island.

About Rhode Island Energy

Rhode Island Energy provides essential energy services to over 770,000 customers across Rhode Island through the delivery of electricity or natural gas. Our team is dedicated to helping Rhode Island customers and communities thrive, while supporting the transition to a cleaner energy future. Rhode Island Energy is part of the PPL Corporation (NYSE: PPL) family of companies addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information visit www.RIEnergy.com and stay connected on Twitter, Facebook, and Instagram.

Contact:

Ted Kresse

E: trkresse@rienergy.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on PPL CORPORATION
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Financials (USD)
Sales 2022 6 968 M - -
Net income 2022 763 M - -
Net Debt 2022 13 732 M - -
P/E ratio 2022 28,5x
Yield 2022 3,01%
Capitalization 21 736 M 21 736 M -
EV / Sales 2022 5,09x
EV / Sales 2023 4,88x
Nbr of Employees 5 607
Free-Float 95,5%
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 29,52 $
Average target price 29,04 $
Spread / Average Target -1,64%
EPS Revisions
Managers and Directors
Vincent Sorgi President, Chief Executive Officer & Director
Joseph P. Bergstein Chief Financial Officer & Executive Vice President
Craig A. Rogerson Independent Chairman
W. Mark Brooks Chief Information Security Officer & VP
Gregory N. Dudkin Chief Operating Officer & Executive Vice President
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