Industry: Electric Utilities
Fortune Rank: 300
PPL Corporation, through its subsidiaries, generates electricity, markets wholesale or retail energy, delivers electricity to private customers, & provides energy services for businesses. For the 6 months ended 6/30/05, revenues rose 7% to $3.08B. Net income from cont. ops. and applic. to Common rose 3% to $347M. Results reflect rate increases and positive currency exchange rates, partially offset by charges related to the sale of plant in Arizona.
PPL Corporation (PPL) is an energy and utility holding company, which through its subsidiaries, generates electricity from power plants in the northeastern and western United States; markets wholesale or retail energy primarily in the northeastern and western portions of the United States; delivers electricity to nearly five million customers in Pennsylvania, the United Kingdom and Latin America, and provides energy services for businesses in the mid-Atlantic and northeastern United States. PPL's significant subsidiaries are PPL Energy Supply, LLC (PPL Energy Supply), PPL Electric Utilities Corporation and PPL Gas Utilities Corporation. PPL EnergyPlus, LLC, PPL Global, LLC and PPL Generation, LLC are owned by the Company through PPL Energy Supply. PPL is organized into three segments: Supply, Delivery and International. In April 2004, PPL Global sold its investment in Companhia Energetica do Maranhao (CEMAR). CEMAR is a Brazilian electric-distribution company.
PPL Corporation is a Fortune 500 company. In 2010 PPL Corporation was ranked number 300 on the Fortune 500 list, making it the 300th largest company in the United States when judged by revenue.
PPL Corporation achieved revenue of $7,585.00 million in 2010 and earned a profit of $407.00 million.
PPL Corporation' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 300th compared to 314th in 2009. This was based on its 2009 revenue of $8,206 million (a change of -1 million compared to 2010) and profits of $930 million (a change of $-523 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then PPL Corporation would be ranked 242nd rather than 300th due to its profits of $407 in 2010.
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* US$ Million
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