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PPL, formerly known as PP&L or Pennsylvania Power and Light, is an energy company headquartered in Allentown, Pennsylvania, USA. It currently controls about 19,000 megawatts of electrical generating capacity in the United States, primarily in Pennsylvania and Montana, and delivers electricity to 1.4 million customers in Pennsylvania, nearly a million in Kentucky, and 7.8 million in Great Britain. It also provides natural gas delivery service to 321,000 customers in Kentucky. The majority of PPL's power plants burn coal, oil, or natural gas. PPL also owns peaking plants, which require few operators and have a high profit margin due to their ability to rapidly come online when the price of electricity spikes. PPL's largest plant is the Susquehanna Steam Electric Station, a 2,352 MW nuclear power plant, located on the Susquehanna River seven miles northeast of Berwick, Pennsylvania. The company is publicly traded on the New York Stock Exchange under ticker symbol NYSE: PPL. PPL is the fourth largest employer in the Lehigh Valley region of Pennsylvania. The company's headquarters is based in the PPL Building, the tallest building in Allentown. On November 1, 2010 PPL Corporation purchased E.ON US, the parent company of Kentucky’s two major utilities, Louisville Gas & Electric Company and Kentucky Utilities Company for $7.625 billion from German utility firm E.ON.
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