other material
confidence high
sentiment neutral
materiality 0.65
PPL files Narragansett Electric audited 2022 financials, pro forma data for $3.82B acquisition
PPL Corp
- Audited financials of Narragansett Electric as of March 31, 2022 filed as Exhibit 99.1.
- Narragansett Electric: revenues $1.62B, net income $129M for year ended March 31, 2022.
- Total assets $5.86B, total equity $2.53B as of March 31, 2022.
- Pro forma combined financial information for PPL and Narragansett Electric filed as Exhibit 99.2.
- Acquisition of Narragansett Electric from National Grid USA for $3.82B closed May 25, 2022.