ALLENTOWN, Pa., Oct. 10, 2016 /PRNewswire/ -- PPL
Corporation (NYSE: PPL) will conduct a conference call and webcast
at 8:30 a.m. Eastern Daylight Time
Wednesday, Oct. 12, to provide financial analysts an update
on the company's strategy to protect the value of its United Kingdom earnings from potential
declines in British pound sterling exchange rates.
PPL has long maintained an effective hedging program to mitigate
foreign currency risk. As part of that program and in response to
recent exchange rate volatility, the company has executed
additional hedges that will bolster its ability to deliver on
long-range growth projections.
During the webcast, William H.
Spence, PPL chairman, president and Chief Executive Officer,
and Vincent Sorgi, senior vice
president and Chief Financial Officer, will detail the company's
latest actions, answer questions regarding PPL's hedging strategy,
and reaffirm PPL's earnings forecasts for 2016 and 2017, as well as
its projection of 5 to 6 percent compound annual earnings growth
from 2017 to 2020.
PPL's 2016 forecast of reported earnings remains $2.43 to $2.63 per share, reflecting special
items recorded through the second quarter of 2016, while its 2016
forecast of ongoing earnings remains $2.25
to $2.45 per share. Its 2017 earnings forecast remains
$2.05 to $2.25 per share, with a
midpoint of $2.15 per share.
The call will be webcast live, in audio format, along with
slides of the presentation. For those who are unable to listen to
the live webcast, a replay with slides will be accessible at
www.pplweb.com/investors for 90 days after the call. Interested
individuals can access the live conference call via telephone at
1-888-317-6003. International participants should call
1-412-317-6061. Participants in Canada should call 1-866-284-3684.
Participants will need to enter the following "Elite Entry" number
in order to join the conference: 6830639. Callers can access the
webcast link at www.pplweb.com/investors under Events and
Presentations.
Headquartered in Allentown,
Pa., PPL Corporation (NYSE: PPL) is one of the largest
companies in the U.S. utility sector. PPL's seven high-performing,
award-winning utilities serve 10 million customers in the U.S. and
United Kingdom. The company and
its 13,000 employees are dedicated to providing exceptional
customer service and reliability and delivering superior value for
shareowners. To learn more, visit www.pplweb.com.
Note to Editors: Visit our media website at
www.pplnewsroom.com for additional news and background about PPL
Corporation.
Contacts:
|
For news media: Ryan
Hill, 610-774-5997
|
|
For financial
analysts: Lisa Pammer, 610-774-3316
|
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SOURCE PPL Corporation