Treasurer accuses PPL of blocking effort to return property
Posted: May 11, 2019 - 6:53am

HARRISBURG, Pa. (AP) — Pennsylvania's treasurer is accusing PPL Corp. of frustrating efforts by his designated auditors to get unclaimed property back into the hands of rightful owners.

Democratic Treasurer Joe Torsella filed a Commonwealth Court enforcement action Friday against the electric utility.

Torsella says PPL won't comply with an administrative subpoena, won't produce unredacted documents and is allowing only a limited visual review of records related to unclaimed shareholder accounts.

A message seeking comment was left Friday with PPL's press office.

PPL says it's tried to comply and is concerned about the possible release of confidential information.

Torsella's office says PPL has reported hundreds of thousands of dollars in unclaimed property in recent years.

The lawsuit asks the court to order PPL to produce unedited information about shareholders and shares, and to stop it from frustrating the audit.