PPL
LONDON, ENGLAND - MAY 02: Musician Alison Balsom and Chairman of PPL Fran Nevekla visit the Nordoff Robbins Music Therapy Centre on May 2, 2013 in London, England.
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Quotes
It’s a great opportunity for the children to see a pro soccer game that is only 15-20 minutes down the road (at PPL Park in Chester, Pa.,) ... And when the Union show up here it encourages the kids to keep playing and that soccer is a great game. We are very fortunate to have a team like the Union.
Our shift to a more regulated business mix does not mean that PPL has lost its growth potential ... Over the next five years, we plan to invest almost $16 billion in our regulated businesses, growing our regulated asset base by an average of about 8 percent annually over that period.
Investors have noticed that we are delivering on our promise ... Our stock price has risen more than 15 percent over the past 12 months and we have grown the market capitalization of PPL by almost 40 percent from the level of just three years ago. PPL is now one of the 10 largest companies in the U.S. utility sector.More quotes »
Around the web
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Philadelphia Union to Face Ocean City Nor’easters in Lamar Hunt U.S. Open Cup Game on May 28
host a third-round Lamar Hunt U.S. Open Cup game against PDL side Ocean City Nor’easters on Tuesday, May 28th at 7:30 p.m. ET at PPL Park, the club announced today. Ocean City Nor’easters advanced to the next round of the tournament after defeating the Pittsburgh 5:57 PM from Philadelphia Union Read more »
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United States Supreme Court Holds United Kingdom Windfall Profits Tax Creditable For U.S. Income Tax Purposes
States v. Goodyear Tire & Rubber Co., 493 U.S. 132, 145 (1989(application to §902)). The Internal Revenue Service, in auditing PPL’s 1997 corporate income tax return, denied the foreign tax credits for the “windfall tax” paid by the U.K. plc for 1997. SWEB’s 11:42 AM from Federation Taxation Developments Blog Read more »
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Avi-Yonah and Christians on Yesterday's PPL Decision
“outliers” in determining the predominant character of a tax, which Paul Clement focused on in his oral argument on behalf of PPL Corp. and which amici argued on both sides. The outlier issue is fairly simple to understand but, despite receiving direct attention 6:45 AM from TaxProf Blog Read more »
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Community digest
Donation is $80. Money raised supports the scholarship fund which provides scholarships to Back Mountain residents who attend a two year college. Applications can be picked up at the post home or from committee members. For information, contact Jim Balog from Citizens voice Read more »
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PPL Avoids $40 Million Double Taxation
(NYSE: PPL ) announced today that the U.S. Supreme Court unanimously overturned a previous ruling that would've left the utility with a $40 million U.K. "windfall tax" and no concurrent credit in the United States. A windfall tax is a unique U.K. tax first from Motley Fool Read more »
