Treasurer accuses PPL of blocking effort to return property
FILE: State Treasurer Joe Torsella. (Photo by AP)
(Harrisburg) — 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.
A message seeking comment was left Friday with PPL’s press office.
The treasurer’s complaint says PPL has expressed concerns about the possible release of confidential information.
Torsella’s office says PPL has reported hundreds of thousands of dollars in unclaimed property in the recent past.
The lawsuit asks the court to order PPL to produce unedited information about shareholders and shares, and to stop it from frustrating the audit.