-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AjNtCTe5ng4DY18UQezaLXCRlkk50sKeD+g0vPhPFrxfyk+ToBR8qLL/k/lhbSxi 6qwsPKdPoaoZwI/OnMmp1w== 0000922224-04-000076.txt : 20040819 0000922224-04-000076.hdr.sgml : 20040819 20040819163948 ACCESSION NUMBER: 0000922224-04-000076 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040819 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL ENERGY SUPPLY LLC CENTRAL INDEX KEY: 0001161976 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-74794 FILM NUMBER: 04986772 BUSINESS ADDRESS: STREET 1: TWO NORTH NINETH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL CORP CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 04986770 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 181011179 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL ELECTRIC UTILITIES CORP CENTRAL INDEX KEY: 0000317187 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 230959590 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-00905 FILM NUMBER: 04986771 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PP&L INC DATE OF NAME CHANGE: 19970912 FORMER COMPANY: FORMER CONFORMED NAME: PP & L INC DATE OF NAME CHANGE: 19970912 8-K 1 ppl8k8-19.htm PPL FORM 8K 8/19/04 Form 8K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 19, 2004

Commission File
Number

Registrant; State of Incorporation;
Address and Telephone Number

IRS Employer
Identification No.

1-11459

PPL Corporation
(Exact name of Registrant as specified in its charter)
(Pennsylvania)
Two North Ninth Street
Allentown, PA 18101-1179
(610) 774-5151

23-2758192

 

 

 

333-74794

PPL Energy Supply, LLC
(Exact name of Registrant as specified in its charter)
(Delaware)
Two North Ninth Street
Allentown, PA 18101-1179
(610) 774-5151

23-3074920

 

 

 

1-905

PPL Electric Utilities Corporation
(Exact name of Registrant as specified in its charter)
(Pennsylvania)
Two North Ninth Street
Allentown, PA 18101-1179
(610) 774-5151

23-0959590

 

Item 9. Regulation FD Disclosure

PPL Corporation announced on August 19, 2004 that Paul Farr will become its Vice President and Controller, effective August 23, 2004. Paul Farr also will become the Vice President and Controller of PPL Electric Utilities Corporation and PPL Energy Supply, LLC, effective August 23, 2004. PPL Corporation also announced that, effective on the same date, Roger L. Petersen will become President of PPL Development Corporation, a newly formed subsidiary that will have responsibility for all of PPL's acquisition and divestiture activities, and Rick L. Klingensmith will become President of PPL Global, LLC, which now will focus solely on the operation of PPL's international electricity delivery systems.

Item 7. Financial Statements and Exhibits

 

(c)

Exhibits

   

99.1 -

Press Release, dated August 19, 2004, announcing management changes.

 

 

SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

PPL CORPORATION

 

 

By:

/s/ John R. Biggar                          
John R. Biggar
Executive Vice President and Chief Financial Officer

 

 

PPL ENERGY SUPPLY, LLC

 

 

By:

/s/ Russell R. Clelland                      
Russell R. Clelland
Assistant Treasurer

 

PPL ELECTRIC UTILITIES CORPORATION

 

 

By:

/s/ Russell R. Clelland                      
Russell R. Clelland
Assistant Treasurer

 

 

Dated:August 19, 2004

 

Exhibit 99.1

Exhibit 99.2

EX-99 2 ppl8k8-19exhibit99_1.htm EXHIBIT 99.1 Exhibit 99.1

Exhibit 99.1

Contact:

Dan McCarthy, 610-774-5758

 

PPL Corporation

 

Two North Ninth St.

 

Allentown, PA 18101

 

Fax 610-774-5281

 

PPL Appoints New Controller, Two Subsidiary Presidents

ALLENTOWN, Pa. (August 19, 2004) - PPL Corporation (NYSE: PPL) announced three key executive appointments Thursday (8/19).

William F. Hecht, PPL chairman, president and chief executive officer, said the appointments fill an essential financial position and strengthen the company's senior management team by more clearly focusing responsibility for longer term and day-to-day operational responsibilities.

The appointments:

  • Paul Farr, senior vice president of PPL Global, has been named vice president and controller for PPL Corporation. The company's former vice president and controller, Joseph J. McCabe, retired earlier this year. Mark D. Woods has been serving temporarily as controller since that time.
  • Roger L. Petersen, president of PPL Global, has been named president of PPL Development Corporation, a newly formed subsidiary that will have responsibility for all the corporation's acquisition and divestiture activities. These activities currently are a component of the responsibility of the company's PPL Global subsidiary.
  • Rick L. Klingensmith, vice president-Finance for PPL Global, has been named president of PPL Global, which now will focus solely on the operation of the company's international electricity delivery systems.

"While the controller position always has been an important one, the increased complexity of our company and accounting rules demand that we have the best talent available to ensure that PPL has the highest quality of financial reporting," said Hecht. "Paul Farr's extensive background in accounting and taxes, combined with his operational and international on-the-ground experience, uniquely qualify him for PPL's controller position."

Hecht said the formation of PPL Development Corporation under the leadership of Roger Petersen will separate the development function from the other responsibilities of PPL Global, which has served as PPL's development arm as well as the operator of our international electricity businesses.

"While we intend to continue our conservative approach to development activities, it makes strategic sense to have a small, effective segment of the corporation dedicated to examining opportunities that may arise," said Hecht. "This new alignment will allow the PPL Global operation to focus solely on operating our successful international electricity delivery businesses in the United Kingdom and Latin America."

"We are pleased that we have the talent inside the corporation to fill these three important positions," said Hecht. "The extensive experience that Roger Petersen, Rick Klingensmith and Paul Farr bring to these new positions will significantly strengthen PPL's executive management team."

Paul Farr

Prior to assuming his current position, Farr served as a PPL Global vice president for two years. This followed two years of service as chief financial officer, vice president-finance of PPL Montana. At PPL Montana, he led the finance department and was responsible for all financial functions of the start-up organization that acquired 13 power plants in Montana. Prior to joining PPL Montana, he was director of international tax for PPL Global.

Farr came to PPL from Illinova Generating Company, where he served as international project finance manager for two years, coordinating financial, tax and legal due diligence for international acquisitions of electricity assets. Earlier, he was international tax manager for Price Waterhouse, LLP, and was employed by Arthur Andersen as an international tax senior.

Farr earned a master's degree in management from Purdue University and bachelor's degree in accounting from Marquette University. Farr is a Certified Public Accountant.

Roger Petersen

Petersen has been president of PPL Global since October 2001, returning to the company after serving as president and chief executive officer of PPL Montana for two years. Petersen helped found PPL Global in 1995, and as its vice president and chief operating officer, he managed the operations of PPL Global's businesses around the world. He played a key role in the acquisitions of WPD in the United Kingdom, Empresas Emel in Chile and the Montana assets, and served on the boards of directors of these companies.

Petersen came to PPL from Edison Mission Energy, a subsidiary of Edison International. He served as regional vice president, with responsibility for development, finance, construction and operation of the company's power facilities in North America. Prior to joining Edison Mission Energy in 1986, Petersen served for 12 years as project manager of U.S. and international projects at Fluor-Daniel.

A native of Pittsburgh, Pa., Petersen earned a business management degree from the University of California at Los Angeles, a master's degree in engineering from California Polytechnic University at Pomona and a bachelor's degree in mechanical engineering from South Dakota State University.

Rick Klingensmith

Since August 2000, Klingensmith has been vice president-Finance for PPL Global. In that role, he has been responsible for all of PPL Global's financial activities, including all the financial oversight of international businesses, analysis of new acquisitions and development opportunities, financial accounting and reporting, and coordination of financing related to PPL Global projects.

Formerly, he was general manager of global assets for PPL Global with responsibility for managing the company's portfolio of international businesses in Latin America and the United Kingdom.

Prior to joining PPL Global, he was manager of energy systems assets and acquisitions for Air Products and Chemicals Inc. in Allentown, Pa. In that role he was responsible for the management of more than $500 million of cogeneration and environmental plants owned by Air Products in the United States. Before joining Air Products, Klingensmith was an engineer in the power systems group of Stone & Webster Engineering Corp.

He holds a bachelor's degree in engineering science and mechanics from Pennsylvania State University and earned a master's degree in business administration from the Darden School of the University of Virginia.

The appointments are effective Aug. 23. Petersen and Klingensmith will report to James H. Miller, PPL's executive vice president and chief operating officer. Farr will report to John R. Biggar, PPL's executive vice president and chief financial officer.

PPL Global's international operations deliver electricity and related services to nearly 3.5 million customers in England, Wales, Chile, Bolivia and El Salvador.

PPL Corporation, headquartered in Allentown, Pa., controls more than 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to nearly 5 million customers in Pennsylvania, the United Kingdom and Latin America. More information is available at www.pplweb.com.

# # #

Note to Editors: Visit PPL's media Web site at www.pplnewsroom.com for additional news and background about the corporation and its subsidiaries.

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