PPL Corporation Thursday released its 2015 Sustainability Report, which highlights how the company is meeting the challenges of a changing energy landscape and investing in the future.
The report highlights PPL’s ongoing initiatives designed to continue providing safe, reliable and affordable energy to its 10 million customers in the United States and United Kingdom.
In addition, it presents a comprehensive record of PPL’s operational, environmental and social sustainability performance.
“At PPL, sustainability is about ensuring that our actions today, and our decisions tomorrow, create value for our customers and shareowners alike, while supporting a brighter future for generations to come,” said William H. Spence, Chairman, President and Chief Executive Officer of PPL Corporation. “As the energy sector rapidly evolves, we’re taking steps to not just power life, but progress.”
Steps taken in 2015 and highlighted in the report include:
-- Investing more than $3.5 billion in infrastructure including installing smart grid technology and expanding, reinforcing and better protecting the power grid;
-- Supporting a more balanced energy mix by completing the retirement of 800 megawatts of coal-fired generation in Kentucky, bringing a new natural gas facility online, increasing capacity at its existing hydroelectric facilities and breaking ground on a new universal solar facility that will help extend the benefits of solar to all customers;
-- Connecting more than 6,500 megawatts of renewable energy to the power grid in the U.K;
-- Achieving a savings of nearly 3 billion kilowatt-hours of electricity, thanks to customer participation in energy efficiency program offerings. Carbon reductions resulting from the participation are equivalent to removing about 430,000 cars off the road.;
-- Investing more than $168 million in partnerships with diverse businesses, owned by women, minorities and veterans; and
-- Contributing more than $12 million to support nonprofit organizations working to improve communities served by the corporation’s subsidiaries.
With this year’s report, the company has taken steps to detail its performance using the Global Reporting Initiative framework, the most widely used standard for corporate responsibility reporting.PPL’s 2015 sustainability report is available online.