8-K

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):  March 6, 2007

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

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

On March 6, 2007, PPL Corporation (PPL) issued a press release announcing that it has initiated a process to pursue the sale of its business operations in Latin America. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	Press Release, dated March 6, 2007, announcing the initiation of a sale process for PPL's business operations in Latin America.

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/ Matt Simmons                            Matt Simmons Vice President and Controller

PPL ENERGY SUPPLY, LLC
By:	/s/ Matt Simmons                            Matt Simmons Vice President and Controller

Dated:March 6, 2007

EX-99.1

Exhibit 99.1

Contact:	For news media, George Biechler, 610-774-5997
	For financial community, Tim Paukovits, 610-774-4124

PPL to Sell its Latin American Companies

ALLENTOWN, Pa. (March 6, 2007) -- PPL Corporation (NYSE: PPL) announced Tuesday (3/6) that it intends to sell its regulated electricity delivery operations in Chile, El Salvador and Bolivia.

“This sale, which we expect to result in a gain for PPL, will be concluded through an auction process that will take several months to complete,” said James H. Miller, PPL chairman, president and chief executive officer.

“Given that we have no intention of significantly growing our investment in Latin America, and that valuations are high for solidly performing electricity businesses in that part of the world, it is a good time to pursue this option for this relatively small portion of the PPL portfolio,” Miller said.

The companies, which provide electricity delivery services to 1.1 million customers, are responsible for about 5 percent of PPL’s annual earnings. Miller said the Latin American companies have been solid contributors to earnings, but PPL is interested in redirecting how this capital is invested.

“While PPL’s team in Latin America has done an outstanding job of improving customer service and reliability while delivering consistently positive returns for PPL shareowners, we have decided to change our mix of businesses going forward in a way that we think will bring the most value to shareowners,” said Miller.

“If we are successful in selling these assets, one option for the use of the proceeds would be to invest in growth opportunities in our core businesses,” Miller said. Other options, he said, include the repurchase of a portion of the company’s debt and common stock.

PPL has retained the services of J.P. Morgan Securities Inc., an investment banking firm, to assist it with the sales process.

Miller said PPL has no intention of selling its delivery companies in the United Kingdom and Pennsylvania.

“We remain convinced that a mix of regulated and deregulated operations is the right business model for PPL. We believe, however, that now is a good time to rationalize our electricity delivery operations to concentrate on the two operations that make up the material portion of PPL’s regulated operations,” Miller said.

PPL’s three operating companies in Latin America are:

·   Empresas Emel S.A. (“Emel”), which has 575,000 customers in the central and northern areas of Chile. Emel is based in Santiago, Chile.

·   Distribuidora de Electricidad Del Sur S.A. (“Del Sur”), which has 290,000 customers in El Salvador. Del Sur is headquartered in San Salvador, El Salvador.

·   Empresa de Luz y Fuerza Electrica Cochabamba S.A. (“Elfec”), which has 281,000 customers in Bolivia. Elfec is based in Cochabamba, Bolivia.

PPL Corporation, headquartered in Allentown, Pa., controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to more than 5 million customers in Pennsylvania, the United Kingdom and Latin America.

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