- Co's current estimate, as a result of the outage and shutdown that occurred on Aug 5th, is that its net income for 2008 could be reduced by approximately $30M, primarily due to reduced electricity sales, the cost of replacement power purchases and incremental operating and maintenance cost, and that its capital expenditures for 2008 will increase by approximately $20M.

Other headlines for [PPL]

• PPL 11/5/2008 06:17am
  PPL Corp Price Target lowered to $36 from $42 at Merrill, maintains buy rating
  
• PPL 11/4/2008 07:00am
  PPL Corp Reports Q3 $0.45 v $0.60e, R $2.98B v $1.67Be (unclear if comp); Cuts FY guidance- Guides FY08 EPS $2.00-2.05 ex items ($2.25-2.35 prior) v $2.28e - Guides FY09 EPS $1.60-1.90 v $2.17e - Guides more...
  
• PPL 10/27/2008 06:36pm
  PPL Corp Alert ends at Susquehanna nuclear plant - no injuries reported- Susquehanna nuclear plant in Luzerne County near Berwick, Pa., ended at 5:26 p.m. EDT Monday (10/27) after plant operator PPL more...
  
• 10/21/2008 06:38am
  Merrill cuts price targets on numerous electric utilities names- AEP price target cut to $35 from $42, maintains buy rating - EXC price target cut to $65 from $85, maintains buy rating - FE price more...
  
• PPL 10/16/2008 09:38am
  PPL Corp Update: Shares raised to buy from neutral, price target $47 at Davenport- likely pre-open
  

Utilities sector headlines

• NG.UK Today 02:52am
  National Grid PLC CEO Holiday: Debt may rise by £1B by end of March -conf call- UK national gas storage currently 'full to the brim' - Firm has been able to access credit markets - Interest payments are +10-15 bps more...
  
• NG.UK Today 02:02am
  National Grid PLC Reports H1 Pretax £558M v £659Me; Rev £6.07B v £5.58Be; guides FY08/09 in line with prior expectations- Net financing costs at £524M, +86% y/y - Interim div increased to 12.64P v 11.70P previous more...
  
• SPN.AU Yesterday 04:32pm
  SP Ausnet Reports H1 EPS A$0.79 v A$2.91 y/y, Sales A$635.5M
  
• CV Yesterday 04:04pm
  Central Vermont Public Service Corp Prices 1.19M secondary shares at $19.00 (in line with the rumored price)- Note: This is 11.5% of co.'s shares outstanding
  
• UNF.SP Yesterday 08:10am
  Union Fenosa Targets 10% of Portugal liberalized power market