PPL Unit Selected for Up to $71.5 Million DOE Grant for Pennsylvania Grid Project

MT newswire2026/09/24 16:17

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12:17 PM EDT, 09/24/2026 (MT Newswires) -- PPL's (PPL) Electric Utilities unit said Thursday it was selected to receive up to $71.5 million in US Department of Energy funding for a transmission line modernization project in Pennsylvania. The funding, available through the department's Speed to Power through Accelerated Reconductoring and other Key Advanced Transmission Technology Upgrades program, will support the proposed Montour Grid Resilience and Advanced Reconductoring Project to rebuild about 29.3 miles of an existing 230-kilovolt transmission line with advanced technology aimed at improving reliability and increasing capacity. The project is also intended to support growing energy needs while making greater use of existing infrastructure, PPL Electric Utilities said. Price: 32.06, Change: -0.19, Percent Change: -0.59

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A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46