0000922224-13-000002.txt : 20130102 0000922224-13-000002.hdr.sgml : 20130101 20130102130712 ACCESSION NUMBER: 0000922224-13-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121228 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130102 DATE AS OF CHANGE: 20130102 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: 13501033 BUSINESS ADDRESS: STREET 1: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 BUSINESS PHONE: 610-774-5151 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL Corp CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 13501032 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 BUSINESS PHONE: 610-774-5151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PPL CORP DATE OF NAME CHANGE: 20000214 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 8-K 1 form8k.htm FORM 8K form8k.htm
UNITED STATES
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):  December 28, 2012

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
     
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
     

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]
  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]
  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]
  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]
  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 
Section 8 - Other Events

Item 8.01 Other Events

Increase in Distribution Rates

On December 31, 2012, PPL Corporation issued a press release announcing the issuance on December 28, 2012 by the Pennsylvania Public Utility Commission ("PUC") of a final order approving an approximately $71 million increase in annual distribution revenues for its subsidiary PPL Electric Utilities Corporation ("PPL Electric Utilities"), effective January 1, 2013.  A copy of the press release is filed as Exhibit 99.1 to this Report and incorporated herein by reference.
 
Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
  
Exhibits
  
         
     
99.1 -
Press release, dated December 31, 2012, announcing PUC approval of an increase in PPL Electric Utilities' distribution rates effective January 1, 2013.

 
 
 
 
 

SIGNATURES

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/ Vincent Sorgi
  
   
Vincent Sorgi
Vice President and Controller
  


 
PPL ELECTRIC UTILITIES CORPORATION
       
 
By:
/s/ Vincent Sorgi
  
   
Vincent Sorgi
Vice President and
Chief Accounting Officer
  




Dated:  January 2, 2013
 EX-99.1 2 exhibit99_1.htm EXHIBIT99.1 exhibit99_1.htm
Exhibit 99.1
Contact:
Bryan Hay,  610-774-5997
 
PPL Electric Utilities

Pennsylvania PUC approves PPL Electric Utilities' rates for 2013
Additional distribution revenue to help keep reliability strong,
allow the utility to address aging delivery system


ALLENTOWN, Pa. (Dec. 31, 2012) -- The Pennsylvania Public Utility Commission on Dec. 28 approved changes in PPL Electric Utilities' distribution rates effective Jan. 1, 2013.  The new rates will provide about $71 million in additional annual revenue.
For residential customers, the changes include an increase in distribution charges to reflect higher operating and maintenance expenses, including recovery of extraordinary costs for storms in 2011, and improvements to the distribution system over the past two years to enable PPL Electric Utilities to provide safe, reliable service to customers.
Beginning Jan. 1, the distribution rate increase and other rate changes approved by the commission will result in a 3 percent increase to the total monthly bill for an average residential customer using 1,000 kilowatt-hours a month and receiving generation service from PPL Electric Utilities. The total monthly bill for small business customers using 1,000 kilowatt-hours a month and receiving generation service from PPL Electric Utilities will increase by 1 percent. Overall bills for customers who have switched to other suppliers will depend largely on their supplier's prices in the new year.
The new rates approved by the PUC are offset by lower generation charges for electricity. For example, the average residential customer's total monthly bill will be 10 percent less than they were paying at the beginning of 2011, and 12 percent less than January of 2010 when the company's generation rate caps expired.

Strengthening electric delivery system
"These new rates will allow us to begin recovering the costs from distribution system improvements made over the past two years and will improve our ability to attract the capital funding needed to modernize our delivery system and better serve our customers," said Gregory Dudkin, president of PPL Electric Utilities.
"We realize our customers depend on reliable electric service for their quality of life," he said. "We're investing $3.6 billion through 2016 to upgrade our transmission and distribution systems as part of a long-term commitment to strengthen reliability, replace aging infrastructure and improve our operations."
During 2012, PPL Electric Utilities rebuilt hundreds of miles of power lines, added new substations and distribution automation, and stepped up line inspections and tree trimming.
"Dozens of system improvement projects this year will benefit our customers, helping us deliver power safely and reliably for years to come," said Dudkin, adding that the  company's planned capital investment not only helps customers but also creates jobs and economic benefits.

Assistance available
For customers who need help with their utility bills, information on budget billing and payment assistance programs can be found in the My Account section of pplelectric.com. Or, customers can call 1-800-358-6623.
PPL Electric Utilities, a subsidiary of PPL Corporation (NYSE: PPL), provides electric delivery services to about 1.4 million customers in Pennsylvania and consistently ranks among the best companies for customer service in the United States. More information is available at www.pplelectric.com.

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Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.