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PPL Chief: Utilities Purchase "Transformational"

By Rick HowlettThe chairman of PPL Corporation is calling his company's pending purchase of Louisville Gas and Electric Company and Kentucky Utilities a transformational event. James Miller says the acquisition will bring together three of the best utility companies in the United States and turn PPL into a more geographically diverse operation."Most importantly, it rebalances our business mix. it does it in one step. It improves our financial stability, it improves our credit profile, Miller told reporters in a conference call Thursday morning.He says with the purchase, Pennsylvania-based PPL will serve nearly five million electricty customers in the U.S. and Great Britain.                             The sale is expected to become final at the end of the year.

Rick Howlett was midday host and the host of LPM's weekly talk show, "In Conversation." He was with LPM from 2001-2023 and held many different titles, including Morning Edition host, Assignment Editor and Interim News Director. He died in August 2023. Read a remembrance of Rick here.

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