PPL: Unit 2 At Susquehanna Nuclear Power Plant For Shut Down Turbine Inspection

(RTTNews) - PPL Corp. (PPL) announced that operators at Susquehanna nuclear power plant disconnected Unit 2 from the regional electric grid today, Spetember 9, 2014, to inspect its turbine blades.

The Susquehanna plant, located in Luzerne County about seven miles north of Berwick, is owned jointly by PPL Susquehanna LLC and Allegheny Electric Cooperative Inc. and is operated by PPL Susquehanna.

The company noted that data from the extensive vibration monitoring equipment installed on the turbine indicates that a few turbine blades may have developed small cracks. The company noted that the workers will perform additional maintenance activities while the unit is shut down.

PPL said it expects financial impact of the current outage not to be material and maintained its 2014 forecast of $2.20 to $2.40 per share in earnings from ongoing operations. The forecast for reported earnings is a range of $1.70 to $1.90 per share, reflecting special items recorded through the second quarter.