PPL Corporation

PPL Electric Utilities, a subsidiary of PPL Corporation began the application and approval process for the first segment of Project Compass - a new transmission line proposed by PPL Electric Utilities. The first segment is a 95-mile, $500-million to $600-million line between Blakely, Pa., and Ramapo, N.Y. The proposed 345-kV line links the PJM Interconnection and the New York Independent System Operator (NYISO).

PPL Montana has agreed to sell its hydroelectric facilities to NorthWestern Energy. Montana Public Service Commission voted to prepare an order approving NorthWestern Energy's request to purchase the facilities. The agreement includes PPL Montana's 11 hydroelectric power plants, which have a combined generating capacity of more than 630 MW, as well as the company's Hebgen Lake reservoir. PPL Montana and NorthWestern have secured required approvals from FERC, as well as the necessary clearance from the antitrust enforcement agencies.