0000922224-17-000077.txt : 20171120 0000922224-17-000077.hdr.sgml : 20171120 20171120153944 ACCESSION NUMBER: 0000922224-17-000077 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171114 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171120 DATE AS OF CHANGE: 20171120 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: 171213671 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KENTUCKY UTILITIES CO CENTRAL INDEX KEY: 0000055387 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 610247570 STATE OF INCORPORATION: KY FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03464 FILM NUMBER: 171213672 BUSINESS ADDRESS: STREET 1: ONE QUALITY ST CITY: LEXINGTON STATE: KY ZIP: 40507 BUSINESS PHONE: 6062552100 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LG&E & KU Energy LLC CENTRAL INDEX KEY: 0001518339 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 200523163 STATE OF INCORPORATION: KY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-173665 FILM NUMBER: 171213673 BUSINESS ADDRESS: STREET 1: 220 WEST MAIN STREET CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 502-672-2000 MAIL ADDRESS: STREET 1: 220 WEST MAIN STREET CITY: LOUISVILLE STATE: KY ZIP: 40202 8-K 1 ppl112020178k.htm 8-K Document

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):  November 14, 2017

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






333-173665
LG&E and KU Energy LLC
(Exact name of Registrant as specified in its charter)
(Kentucky)
220 West Main Street
Louisville, KY 40202-1377
(502) 627-2000

20-0523163
1-3464

Kentucky Utilities Company
(Exact name of Registrant as specified in its charter)
(Kentucky and Virginia)
One Quality Street
Lexington, KY 40507-1462
(502) 627-2000
61-0247570

 
 
 





        
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))

Indicate by a check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

[  ]
 
PPL Corporation
[  ]
 
LG&E and KU Energy LLC
[  ]
 
Kentucky Utilities Company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

[  ]
 
PPL Corporation
[  ]
 
LG&E and KU Energy LLC
[  ]
 
Kentucky Utilities Company








Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On November 14, 2017, Kentucky Utilities Company ("KU" or the "Company") issued a press release announcing that it anticipates retiring two older, coal-fired electric generating units at the E.W. Brown generating station, in February 2019.

KU does not anticipate that the retirements will have a material impact on its operations or financial condition or require material changes from previously disclosed estimates of future capital expenditures.


Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
 
Exhibits
 
 
 
 
 
 
 
 
 
99.1 -
Press release dated November 14, 2017 of Kentucky Utilities Company.




Statements in this report regarding future events and their timing, including the proposed transactions contemplated by the Company, as well as statements as to future costs or expenses, regulation, corporate strategy and performance, are "forward-looking statements" within the meaning of the federal securities laws.  Although the Company believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, these expectations, assumptions and statements are subject to a number of risks and uncertainties, and actual results may differ materially from the results discussed in the statements.  The following are among the important factors that could cause actual results to differ materially from the forward-looking statements: the progress or course of retirement; receipt of necessary government permits, approvals, rate relief and regulatory cost recovery; market demand and prices for electricity or gas; political, regulatory or economic conditions in states and regions where the Company conducts business; and new state or federal legislation, including new environmental legislation or regulation.  Any such forward-looking statements should be considered in light of such important factors and in conjunction with PPL Corporation's, LG&E and KU Energy LLC's and the Company's Form 10-K and other reports on file with the Securities and Exchange Commission.





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
PPL CORPORATION
 
 
 
 
 
By:
/s/ Stephen K. Breininger
 
 
 
Stephen K. Breininger
Vice President and Controller
 


 
LG&E AND KU ENERGY LLC
 
 
 
 
 
By:
/s/ Kent W. Blake
 
 
 
Kent W. Blake
Chief Financial Officer
 


 
KENTUCKY UTILITIES COMPANY
 
 
 
 
 
By:
/s/ Kent W. Blake
 
 
 
Kent W. Blake
Chief Financial Officer
 



Dated:  November 20, 2017


EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Exhibit


Exhibit 99.1

November 14, 2017

Kentucky Utilities announces the upcoming retirement of two coal-fired units

(LEXINGTON, Ky.) – Kentucky Utilities Company announced today that the combination of stricter environmental regulations and customers’ embracing energy-efficiency measures will enable the utilities to retire two of the company’s oldest coal-fired units.

In making its decision, KU analyzed a number of alternatives for meeting the anticipated stricter Environmental Protection Agency regulations, including the Coal Combustion Residuals (CCR) rule, and the increased use of LED lighting and other energy efficiency measures. Based on those factors, the company determined the least-cost solution for customers is to retire two older coal-fired units at the E.W. Brown Generating Station in February 2019.

Brown 1 began commercial operation 60 years ago in 1957 and has a generation capacity of about 106 megawatts. Brown 2 began commercial operation six years later in 1963 and has a generation capacity of about 166 megawatts. They are already the most expensive units in the company’s coal fleet to operate and maintain on a dollars-per-megawatt of generation basis and, given their age and relatively smaller size, it would not be financially prudent to invest millions of additional dollars to meet the CCR rule.

“We are continually looking for opportunities to reduce costs for customers while maintaining a reliable supply of energy,” said Paul W. Thompson, LG&E and KU president and chief operating officer. “Retiring two of our oldest and most expensive coal-fired generating units, while also avoiding more costly environmental capital expenditures for compliance, benefits our customers.”

There are no employee separations as a result of this closure due to new projects and normal attrition. E.W. Brown, located in Harrodsburg, will continue to operate a 409-megawatt, coal-fired unit at the site. Brown generating station also continues to be home to Kentucky’s largest universal solar facility at 10 megawatts; a 33-megawatt hydroelectric facility; and seven natural gas-fired combustion turbines capable of producing up to 906 megawatts of energy, typically used at peak demand times.

“This is another example of how LG&E and KU are evolving to meet the ever-changing energy needs of our customers,” added Thompson.

The closure of Brown units 1 and 2 brings the total coal-fired generating units retired by KU and its sister utility, Louisville Gas and Electric Company, to eight in just under five years. Tyrone Generating Station was retired in 2013, Cane Run generating units 4, 5 and 6 were retired in the summer of 2015, and Green River units 3 and 4 were retired later that same year.

###

Louisville Gas and Electric Company and Kentucky Utilities Company, part of the PPL Corporation (NYSE: PPL) family of companies, are regulated utilities that serve nearly 1.3 million customers and have consistently ranked among the best companies for customer service in the United States. LG&E serves 324,000 natural gas and 407,000 electric customers in Louisville and 16 surrounding counties. KU serves 549,000 customers in 77 Kentucky counties and five counties in Virginia. More information is available at www.lge-ku.com and www.pplweb.com.