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After spending months stuck at a middle-of-the-road three-star rank, enough top-performing CAPS members have turned bullish on PPL
Lower wholesale power prices and slower demand pressured earnings in recent quarters for PPL and others utilities such as Xcel Energy
The company also recently reported record production at its Susquehanna nuclear power plant for 2009. PPL is undertaking a multiyear project to increase electricity generation there, and also scored a 20-year operating license renewal for both reactors at the plant.
Investors are also bullish about the rate cap expiration in its Pennsylvania market that took place at the beginning of the year, allowing PPL to charge its customers higher rates -- a benefit that top 2010 stock Exelon
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