PPL Corporation on Thursday reported earnings for 2014 of $1.74 billion, or $2.61 per share, compared with $1.13 billion, or $1.76 per share in 2013.

Earnings from ongoing operations, which exclude special items, were $1.63 billion, or $2.45 per share. That result was at the top end of the 2014 forecast range for earnings from ongoing operations of $2.37 to $2.47 per share. Earnings from ongoing operations in 2013 were $1.59 billion, or $2.45 per share.PPL is spinning off PPL Energy Supply, which will be combined with Riverstone's competitive generation business to form a new publicly traded company called Talen Energy.