Not really. They paid premium dollars to purchase regulated companies, now are spinning off those companies. The reason they claimed was to get savings. Now before the savings can be received, they split them off. Of course they do this just after the annual meeting.
Great advice, it just seems the FAT CATS always get FATTER and the long term holders get the table scraps. Lets hope they have a plan, seems like PPL Corp will probably be a take out target after divesting these assets. Thanks for a great post.
They are not spinning of their regulated companies.
"PPL, which will have no ownership interest in Talen Energy, will focus on the rate-regulated utilities it owns in the United Kingdom, Kentucky and Pennsylvania, which generated 84 percent of its earnings from ongoing operations last year."