Bloomberg reports on the latest regarding PPL Corp.'s competitive supply unit, reporting that PPL, "is in talks to sell a stake in its electric power subsidiary [PPL Energy Supply] to Riverstone Holdings LLC as part of a tax-free spinoff of the unit."

PPL Energy Supply includes retail supplier PPL EnergyPlus as well as merchant generation

Bloomberg reports that that transaction would be accomplished as a Reverse Morris Trust.

See Bloomberg for specifics on the transaction

The Allentown Morning Call had previously reported that Riverstone execs had visited several PPL plants this spring, fueling speculation.