Phoenix PA Land Holdings LLC

PPL Corp., Blackstone spend $40.4M on possible Luzerne County power plants

PPL Corporation and Blackstone Infrastructure, through their joint venture Phoenix PA Land Holdings LLC, spent over $40 million to acquire more than 500 acres in Jenkins, Plains, and Salem townships in Luzerne County, Pennsylvania. The land is intended for possible power plants to meet the rising demand for electricity, particularly from data centers, though no final decisions on generation projects have been made. The venture emphasized that PPL Electric Utilities customers are not funding these activities.