Why PPL Could Shine with Solar

摘要

PPL (PPL), a stodgy electric utility that provides power to customers in the U.S., Britain, and Latin America, has branched out to what investors regard as a sexier business: solar energy. It will install the largest U.S. rooftop solar system at a Schering-Plough facility in Summit, N.J. PPL's Renewable Energy unit will own and operate the system. The solar operation will help Schering-Plough cut greenhouse gas emissions by 5% by 2012, says PPL Chairman and CEO James Miller. "We will continue investing in renewable energy projects in New Jersey and other states," he adds.