Pennsylvania Power & Light Company Stock Certificate

Description

Pennsylvania Power & Light Company Stock Certificate
This piece is an Ebay exclusive. We are only offering this piece here!
Pennsylvania Power & Light was founded in 1920 out of a merger of eight smaller Pennsylvania utilities. It gradually extended its service territory to a crescent-shaped region of central and northeastern Pennsylvania stretching from Lancaster, through the Lehigh Valley into Scranton and Wilkes-Barre. In 1995, it reorganized as a holding company, PP&L Resources, which changed its name to the current PPL Corporation in 2000.
The company limited its activities to Pennsylvania until deregulation of electrical utilities in the 1990s encouraged PPL to purchase assets in other states. The largest of these transactions was PPL's 1998 purchase of 13 plants from Montana Power (leaving NorthWestern Energy - the buyer of the former Montana Power transmission and distribution systems - vulnerable to high "spot" prices on the energy market). This added over 2,500 MW of capacity and was the largest expansion in PPL's history. In 2014, those hydroelectric facilities were sold to NorthWestern.
In 2010, PPL completed the acquisition of two regulated utilities in Kentucky — Louisville Gas and Electric and Kentucky Utilities.
In 2011, PPL completed the acquisition of two regulated regional electricity distribution companies in the United Kingdom. Together, with two previously acquired regional electricity distribution companies, they operate under the name Western Power Distribution.
On June 6, 2014, PPL announced it will be divesting its electrical generation facilities to a newly formed company, Talen Energy. On June 1, 2015, the Talen spinoff was completed, allowing PPL to concentrate on the transmission and distribution aspects of the electric utility business.
Frequently Asked Questions:
Is the certificate in this listing, the exact piece I will receive?
For this listing - no, t
he images are representative. We do this when multiple quantities are being offfered. You will receive a certificate in similar condition; however dating, denomination, certificate number and issuance details may vary.
Is this document authentic or a reproduction?
All pieces we offer are originals - we do not sell reproductions. If you ever find one of our pieces not to be authentic, it may be returned at any time.
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All of our certificates are sold only as collectible pieces, as they are either canceled or obsolete. Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied.
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