Dive Summary:
- PPL Electric Utilities is going to invest $968 million in 2013 to improve the reliability of its power system which supplies energy to nearly 1.4 million customers.
- The funding, which represents the largest infrastructure investment since the 1970s, includes about $616 million for transmission projects.
- The distribution network will be upgraded by $352 million in earmarks; nearly 250 large projects are scheduled for 2013.
From the article:
In addition to the PPL Electric Utilities workforce, more than 900 tradespeople and other professionals will be working on the utility's system to support the planned work this year. In addition, the projects provide business for industries such as pole and wire manufacturers.
"This is an important time in the history of the company," said PPL Electric Utilities President Gregory N. Dudkin. "The investments this year and the nearly $3.8 billion we're looking to invest over the next five years are aimed squarely at one thing — strengthening our system so our customers can depend on safe and reliable service well into the future." ...