National grid ri12/24/2022 Under the terms of the agreements, PPL will sell its U.K. The agreements with National Grid follow PPL's announcement in August 2020 of plans to sell WPD, which comprises four distribution network operators serving 7.9 million customers in central and southwest England and south Wales. utilities strengthen our credit metrics enhance long-term earnings growth and predictability and provide us with greater financial flexibility to invest in sustainable energy solutions for those we serve." "They will refocus our business mix squarely on strong, rate-regulated U.S. utility business," said Vincent Sorgi, PPL president and chief executive officer. "The strategic transactions we are announcing today immediately unlock value for shareowners and achieve the objectives we set out in launching the process to sell our U.K. The strategic repositioning will transform PPL into a high-growth, purely U.S.-focused energy company with a strong balance sheet. utility business, Western Power Distribution (WPD), to National Grid plc for £7.8 billion and, in a separate transaction, to acquire National Grid's Rhode Island utility business, The Narragansett Electric Company, for $3.8 billion. ALLENTOWN, Pa., Ma/ PRNewswire/ - PPL Corporation (NYSE: PPL) today announced that it has entered into definitive agreements to sell its U.K.
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