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Pa. Utility Invests in Technology for Fleet

September 22, 2016

Pa.-based PPL Corporation, one of the largest utilities in the country, is investing $16 billion in improvements to its infrastructure over the next five years. Among those improvements is the adoption of new technology in its fleet, which the company hopes will improve service and operations.

The utility plans to invest in a number of drones for more efficient power line inspections and electric-lift bucket trucks. PPL's investment will also go toward developing systems that are more weather-resistant, incorporating smart grid technology, and replacing its coal-powered energy assets with a natural gas power plant and a solar power plant.

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A specialized version of an open end lease used in the United States primarily for automobiles and light-duty trucks. TRAC is an acronym for "Terminal Rent Adjustment Clause," an arrangement featuring a final rental adjustment on the lease which occurs after the vehicle is removed from service and sold.

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