We went to Allentown and talked with Bill Spence.
Bill Spence joined PPL in 2006 as executive vice president and chief operating officer. He was named president and CEO in 2011, and chairman in 2012. Previously, he served nineteen years with Pepco Holdings in senior management positions.
Spence joined PPL in 2006 as executive vice president and chief operating officer. He was named president and CEO in 2011, and chairman in 2012. Previously, he served nineteen years with Pepco Holdings in senior management positions.
PUF's Steve Mitnick: What are the most exciting things happening at PPL?
PPL's Bill Spence: PPL has been on a remarkable journey, having just completed a five-year transition from a hybrid company to a fully regulated utility.
Since 2010, we have been building up our regulated business to balance some of the pressure in the competitive markets. We acquired two fully-regulated utilities in Kentucky, Louisville Gas & Electric and Kentucky Utilities, and added two more utilities to our business in the U.K., more than doubling our footprint. And then, most recently, we completed the spinoff of our competitive generation assets in Pennsylvania.
If you look at PPL today, I think it's one of the best stories out there. We have three high-quality utilities operating in regionally diverse jurisdictions around the globe. Each one of them delivers - in their own rights - superior customer service, superior reliability, and affordable energy.