Allentown, Pa.-based PPL Electric Utilities has announced that it will invest nearly $1 billion this year to improve the reliability of its system, which delivers power to nearly 1.4 million customers.
The projected investment of $968 million includes roughly $616 million for transmission projects and about $352 million for projects to upgrade the distribution network. The utility says it is investing in automated technology to help create a smarter electric grid, one devoted to reducing the frequency and duration of outages. In addition, PPL is exploring options to provide additional customer benefits through its advanced metering system, which already provides data for the Energy Analyzer tool.
"This is an important time in the history of the company," says PPL Electric Utilities President Gregory N. Dudkin. "The investments this year and the nearly $3.8 billion we're looking to invest over the next five years are aimed squarely at one thing - strengthening our system so our customers can depend on safe and reliable service well into the future."
