PPL To Invest $664 Million In Electric Grid

PPL Electric Utilities, which suffered extensive power outages during two storms in 2011, plans to invest $664 million this year in the electric grid serving eastern and central Pennsylvania, including much of the Lehigh Valley.

The investment represents nearly a 50 percent increase over what it spent last year on new transmission lines, poles and substations, the company announced Friday.

More than 400,000 PPL customers lost power in August after the remnants of Hurricane Irene swept through eastern Pennsylvania. And an October snowstorm cut power to 388,000 PPL customers, nearly half of whom were in the Lehigh Valley. Nearly 10,000 in the Lehigh Valley had no electricity for six days after the snow.

Read more: http://www.mcall.com/business/mc-ppl-grid-investment-20120217,0,4685365.story