John R. Biggar, Executive VP and CFO, PPL Corp.
Richard Stavros is Fortnightly's Executive Editor.
Why did PPL recently revise its growth rates upward? What is driving the revised numbers?
John R. Biggar: When we reported second quarter earnings at our analysts meeting on August 2 in New York, we announced a number of things that improved the long-term outlook for the company. In this regard, we revised our long-term, annual compound growth rate from 3 to 5 percent to 6 to 7 percent in earnings per share through 2010. This is a significant increase in our growth forecast over the longer term.