{"id":690371,"date":"2022-09-29T10:18:09","date_gmt":"2022-09-29T14:18:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\/"},"modified":"2022-09-29T10:18:09","modified_gmt":"2022-09-29T14:18:09","slug":"ppl-corporation-announces-agreement-to-sell-safari-energy-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\/","title":{"rendered":"PPL Corporation announces agreement to sell Safari Energy LLC"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">ALLENTOWN, Pa.<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 29, 2022<\/span><\/span> \/PRNewswire\/ &#8212; PPL Corporation has reached an agreement to sell PPL Safari Holdings LLC, parent company of Safari Energy LLC \u2013 a subsidiary that acquires solar projects and develops and manages solar facilities for commercial and industrial customers and public sector organizations.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1811169\/PPL_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1811169\/PPL_Logo.jpg\" title=\"PPL logo (PRNewsfoto\/PPL Corporation)\" alt=\"PPL logo (PRNewsfoto\/PPL Corporation)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>A subsidiary of Aspen Power Partners LLC has agreed to acquire PPL Safari pending review by the U.S. Department of Justice.<\/p>\n<p>PPL&#8217;s decision to sell Safari reflects the company&#8217;s recent strategic repositioning as it sharpens its focus on its core business \u2013 high-performing regulated utilities in the U.S. \u2013 and on advancing the clean energy transition through forward-looking grid investments and the continued transition of the company&#8217;s <span class=\"xn-location\">Kentucky<\/span> generation fleet.<\/p>\n<p>PPL and <span class=\"xn-location\">Aspen<\/span> expect to close on the transaction in the fourth quarter of 2022. The sale is not considered material to PPL Corporation.<\/p>\n<p>\n        <b>About PPL Corporation<br \/><\/b><br \/>\n        <span>PPL<\/span><br \/>\n        <span> Corporation (NYSE:<\/span><br \/>\n        <span>PPL<\/span><br \/>\n        <span>), based in <span class=\"xn-location\">Allentown, Pennsylvania<\/span>, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to 3.5 million customers in the U.S. <\/span><br \/>\n        <span>PPL&#8217;s<\/span><br \/>\n        <span> high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions. For more information, visit <\/span><br \/>\n        <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3663253-1&amp;h=4217343279&amp;u=http%3A%2F%2Fwww.pplweb.com%2F&amp;a=www.pplweb.com\" target=\"_blank\" rel=\"nofollow noopener\">www.pplweb.com<\/a><br \/>\n        <span>.<\/span>\n      <\/p>\n<p>\n        <i><br \/>\n          <b>Note to Editors: Visit our media website at <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3663253-1&amp;h=3956972688&amp;u=https%3A%2F%2Fpplweb.mediaroom.com%2Foverview&amp;a=www.pplnewsroom.com\" target=\"_blank\" rel=\"nofollow noopener\">www.pplnewsroom.com<\/a> for additional news about PPL Corporation.<\/b><br \/>\n        <\/i>\n      <\/p>\n<div>\n<table border=\"1\" cellspacing=\"0\" cellpadding=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Contacts:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">For news media: Ryan Hill, 610-774-4033<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">For financial analysts: Andy Ludwig, 610-774-3389<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH88423&amp;sd=2022-09-29\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc-301636840.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc-301636840.html<\/a><\/p>\n<p>SOURCE  PPL Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH88423&amp;Transmission_Id=202209291015PR_NEWS_USPR_____PH88423&amp;DateId=20220929\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire ALLENTOWN, Pa. , Sept. 29, 2022 \/PRNewswire\/ &#8212; PPL Corporation has reached an agreement to sell PPL Safari Holdings LLC, parent company of Safari Energy LLC \u2013 a subsidiary that acquires solar projects and develops and manages solar facilities for commercial and industrial customers and public sector organizations. A subsidiary of Aspen Power Partners LLC has agreed to acquire PPL Safari pending review by the U.S. Department of Justice. PPL&#8217;s decision to sell Safari reflects the company&#8217;s recent strategic repositioning as it sharpens its focus on its core business \u2013 high-performing regulated utilities in the U.S. \u2013 and on advancing the clean energy transition through forward-looking grid investments and the continued transition of the company&#8217;s Kentucky generation fleet. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;PPL Corporation announces agreement to sell Safari Energy LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-690371","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PPL Corporation announces agreement to sell Safari Energy LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PPL Corporation announces agreement to sell Safari Energy LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire ALLENTOWN, Pa. , Sept. 29, 2022 \/PRNewswire\/ &#8212; PPL Corporation has reached an agreement to sell PPL Safari Holdings LLC, parent company of Safari Energy LLC \u2013 a subsidiary that acquires solar projects and develops and manages solar facilities for commercial and industrial customers and public sector organizations. A subsidiary of Aspen Power Partners LLC has agreed to acquire PPL Safari pending review by the U.S. Department of Justice. PPL&#8217;s decision to sell Safari reflects the company&#8217;s recent strategic repositioning as it sharpens its focus on its core business \u2013 high-performing regulated utilities in the U.S. \u2013 and on advancing the clean energy transition through forward-looking grid investments and the continued transition of the company&#8217;s Kentucky generation fleet. &hellip; Continue reading &quot;PPL Corporation announces agreement to sell Safari Energy LLC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-29T14:18:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1811169\/PPL_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"PPL Corporation announces agreement to sell Safari Energy LLC\",\"datePublished\":\"2022-09-29T14:18:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\\\/\"},\"wordCount\":263,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1811169\\\/PPL_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ppl-corporation-announces-agreement-to-sell-safari-energy-llc\\\/\",\"name\":\"PPL Corporation announces agreement to sell Safari Energy LLC - 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A subsidiary of Aspen Power Partners LLC has agreed to acquire PPL Safari pending review by the U.S. Department of Justice. 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