PPL Announces Merger

PPL Corporation, which owns the Susquehanna Steam nuclear power plant in Salem Township, is merging its electric generation business with that of another company to form a new stand-alone, independent power producer.

PPL Corporation and energy investment firm Riverstone Holdings LLC are combining and spinning off their power generation operations to form the separate company, Talen Energy Corporation, which will be publicly traded. PPL Corporation won’t have any ownership interest in the new company, but its shareholders will own 65 percent of it and Riverstone’s will own 35 percent, according to a press release issued Tuesday.

Read more: http://citizensvoice.com/news/ppl-announces-merger-1.1700744

Leak aA PPL’s Susquehanna Nuclear Plant Shuts Down Reactor

Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)

PPL Corp.‘s Susquehanna nuclear power plant in Luzerne County declared an “unusual event” after water was discovered leaking inside a room in the plant’s Unit 2 reactor building.

An unusual event is the first of the four emergency classifications established by the U.S. Nuclear Regulatory Commission for nuclear power plants.

“We will conduct a full investigation of this incident and make any necessary changes to be sure it does not recur,” Timothy S. Rausch, senior vice president and Chief Nuclear Officer for PPL Susquehanna, said in a press release.

The event had no effect on public safety and required no public action, according to PPL Corp., the Allentown company that partly owns and operates the plant.

Read more: http://www.mcall.com/news/breaking/mc-ppl-nuclear-plant-leak-0916-20130916,0,6535111.story#ixzz2f4Avfidx
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