June 10, 2014 6:50 PM

KU parent firm PPL to spin off part of its business to focus on 'high performing' assets

Energy company PPL Corp. will spin off part of its U.S. generation business into a venture with New York private-equity firm Riverstone Holdings Ltd. PPL's Kentucky subsidiaries, Kentucky Utilities and Louisville Gas and Electric, will not be affected by the deal, the company said.

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