And it is still being used. |
Improved performance in our Pennsylvania delivery and international delivery business segments more than offset the tighter margins in our supply business segment. |
The prospect of favorable new energy contracts for PPL as existing long-term contracts expire, in conjunction with sharp increases in forward wholesale energy prices over the past six months, led us to increase our long-term earnings forecast. |
We expect that the growth rate of our dividends over the next few years will continue to exceed the growth rate in our earnings per share and, therefore, result in a dividend payout ratio above 50 percent after 2006. |