Oct 29 · 10:16:00 AM · Source: Company News

PPL, a Pennsylvania-based seller of electricity, today reported third-quarter earnings of $20 million, or 5 cents a share, down from $203 million, or 54 cents a share, a year earlier. Excluding items such as hedging and tax-related charges, earnings rose to 52 cents from 45 cents. Total operating revenues decreased to $1.805 billion from $2.971 billion a year ago. Revenue slumped 39% to $1.81 billion on hedging activity.
The company reaffirmed 2009 and 2010 earnings forecasts.

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by Larry Etter