PPL Corporation announced third-quarter 2020 reported earnings of $281 million, or 37 cents per share, compared with third-quarter 2019 reported earnings of $475 million, or 65 cents per share.

Reported earnings for the first nine months of 2020 were $1.18 billion, or $1.53 per share, compared with $1.38 billion, or $1.89 per share, for the first nine months of 2019.

Adjusting for special items, third-quarter 2020 earnings from ongoing operations were $450 million, or 58 cents per share, compared to $445 million, or 61 cents per share, a year ago.

Earnings from ongoing operations for the first nine months of 2020 were $1.39 billion, or $1.81 per share, compared to $1.38 billion, or $1.88 per share, for the first nine months of 2019.

The company continues to invest in a sustainable energy future through innovation, network upgrades and support for research and development, including the Low-Carbon Resources Initiative recently announced by the Electric Power Research Institute and Gas Technology Institute.

The company also continues to invest in smart grid technology to make its electricity service even more reliable, adding that its PPL Electric Utilities subsidiary in Pennsylvania recently marked 1 million customer outages avoided since 2015 as a result of the robust deployment of automated smart grid technology.