PPL Corporation (NYSE:PPL) has completed its earlier announced acquisition of AES Ironwood, L.L.C. and AES Prescott, L.L.C., subsidiaries of The AES Corporation (NYSE:AES). Post acquisition, the entities will be known as PPL Ironwood.
PPL and AES have a longstanding relationship going back to 2008. PPL has been providing natural gas for the operation of the AES Ironwood plant through its subsidiary PPL EnergyPlus, LLC. In return, AES secured PPL’s overall production under a tolling agreement till … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards