PPL Electric Utilities To Lower Transmission Rates

PPL Corp PPL subsidiary PPL Electric Utilities plans to reduce the company's transmission rates and lower customer bills if approved by the Federal Energy Regulatory Commission.
The agreement, reached with a group of industrial and municipal customers, would reset the base return on equity for PPL Electric's transmission formula rate from 11.18% to 9.9%, saving the typical residential customer about $1.54 and the typical business customer about $2.15 on their monthly electric bill over 12 months.
PPL Electric provides electric delivery service to more than 1.4 million homes and businesses in Pennsylvania.
Price Action: PPL shares are trading higher by 1.90% at $29.75 on the last check Friday.

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