PPL Corp. announced reported earnings for 2016 are $1.9 billion, or $2.79 per share, compared with $682 million, or $1.01 per share, in 2015.

The company's results for 2015 reflect a $921 million loss from discontinued operations, or $1.36 per share, resulting primarily from the June 1 spinoff of its supply business.Adjusting for special items, earnings from ongoing operations were $1.67 billion, or $2.45 per share, compared with $1.49 billion, or $2.21 per share in 2015, an increase of 11 percent on a per-share basis."In 2016, we executed more than $3 billion in infrastructure improvements to advance a smarter, cleaner, more reliable energy infrastructure for our customers," said William H. Spence, PPL's chairman, president and chief executive officer. "As we look ahead, we're intent on making PPL even stronger … that includes investing an additional $16 billion in infrastructure improvements over the next five years."