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 29, 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
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

Distribution Rate Increase Filing with the Pennsylvania Public Utility Commission

        On March 29, 2007, PPL Electric Utilities Corporation (the "Company") filed a request with the Pennsylvania Public Utility Commission ("PUC") for an overall annual net increase in distribution revenues of approximately $83.6 million, based on a future test year ending December 31, 2007, and a proposed return on equity of 11.50%. The PUC will examine the Company's distribution rate increase request in a nine-month process that is expected to be completed by the end of 2007. Accordingly, if approved, the new distribution rates would go into effect on January 1, 2008.

        The Company's last retail base rate increase became effective on January 1, 2005. In that PUC rate proceeding, the Company was authorized to earn a return on equity of 10.70%. In calendar year 2006, the Company earned a distribution return on equity of 7.32%.

        The distribution rate increase request will not impact the rates collected by the Company for electricity transmission or for electricity supply that it provides to retail customers in its service territory as a provider of last resort ("PLR") under the Pennsylvania Electricity Generation Customer Choice and Competition Act (the “Customer Choice Act”). As part of the settlement of the Company’s 1998 PUC Restructuring Proceeding, the Company agreed to provide this electricity supply at predetermined capped rates through 2009. The Company has executed two contracts to purchase electricity from PPL EnergyPlus, LLC sufficient for the Company to meet its PLR obligation through 2009, at the pre-determined capped rates. The Company's PLR obligation after 2009 will be determined by the PUC pursuant to rules that have not yet been promulgated. As previously disclosed, in February 2007, the PUC issued for public comment proposed PLR regulations and a policy statement regarding interpretation and implementation of those regulations.

The distribution rate request would produce an increase in distribution rates of approximately 13%, which would produce an increase in overall rates (i.e., distribution, transmission, generation and transition charges under the Customer Choice Act) of about 2.7%. This increase would be allocated to customer classes based on the results of a class cost-of-service study that was applied subject to the following two conditions. First, the rate of return for each rate schedule must move half-way from that rate schedule’s return at present rates to the system average rate of return. Second, calculated on a percentage basis, no rate schedule can receive a distribution rate increase greater than twice the system average distribution rate increase. The Company will apply a similar approach in future cases and plans to implement rates that are at or near full cost of service for each rate class in one or two additional rate cases. The Company believes that this approach is appropriate under the long-established Pennsylvania regulatory principles of cost-of-service ratemaking and gradualism and is fully consistent with a 2006 Pennsylvania Commonwealth Court decision regarding the Company’s allocation of costs among customer classes.

The Company's filing includes certain rate design proposals. For instance, the Company is proposing to move its rate design toward a flat monthly fee for electric delivery services, rather than continuing to charge rates based on consumption, because most of the Company's costs are fixed and do not vary significantly with consumption. Under this proposal, rates for general residential customers and small commercial customers will be changed to increase the customer charge and decrease energy charges.

The Company also is proposing to implement two automatic adjustment surcharges that would be reconciled on an annual basis. The first charge would recover from residential customers all costs associated with the Company’s universal service programs. The second charge would recover the costs associated with the Company’s proposed energy efficiency and demand side management programs. Because these programs will be offered only to residential and small commercial and industrial customers, this charge would apply only to those customers.

        In addition, the Company proposes in its filing to expand its existing customer assistance, environmental and economic development programs.

        The Company anticipates it will be required to invest approximately $1.1 billion in capital improvements over the next five years to maintain, improve and expand its distribution system and meet customer needs.

The Company cannot predict the amount of the rate increase that will ultimately be approved by the PUC.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	Press release, dated March 29, 2007, announcing PPL Electric Utilities Corporation’s distribution rate increase filing.

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 ELECTRIC UTILITIES CORPORATION
By:	/s/ Matt Simmons
	Matt Simmons Vice President and Controller

Dated:April 3, 2007

EX-99.1

Exhibit 99.1

www.pplnewsroom.com

Contact: Dan McCarthy, 610-774-5758

PPL Electric Utilities Requests 2.7 Percent Revenue Increase

Proposal Includes Incentive Programs to Encourage Energy Efficiency

ALLENTOWN, Pa. (March 29, 2007) -- PPL Electric Utilities asked the Pennsylvania Public Utility Commission on Thursday (3/29) to increase the company’s revenues by 2.7 percent beginning in 2008.

As part of that request, the company is proposing new programs to encourage energy efficiency and is setting the stage for new pricing options that could be offered as soon as 2010.

“We are making this request now to ensure that we have the resources in place to continue to deliver highly reliable electric service to our customers,” said David G. DeCampli, president of PPL Electric Utilities.

“We’re also proposing new programs to help customers manage their energy use, encouraging energy efficiency and giving customers tools and detailed usage information that they’ve never had before.”

DeCampli said the company’s request would affect only distribution rates, which make up about one-third of the total electric bill for residential customers. The request is subject to approval by the PUC.

The precise effect of any increase would depend on the type of customer and the amount of electricity used. Under the company’s request, the total bill for a typical residential customer using 1,000 kilowatt-hours per month would increase by 6.8 percent.

The proposed increase for residential customers is higher than the overall average because rates for residential customers historically have been subsidized by the commercial and industrial rate classes.

“In response to a state court ruling and as part of a continued effort to address differences in the way costs are allocated to customers, we’re taking a further step toward eliminating this subsidization with our rate request,” DeCampli said.

He said the plan is to eliminate the subsidization over a series of rate requests to address the issue while mitigating the effect on residential customers.

Reasons for the proposed increase

DeCampli said the increase is needed to keep pace with the rising cost of maintaining and improving more than 44,000 miles of distribution lines that deliver electricity to 1.4 million homes and businesses in eastern and central Pennsylvania.

For example, the cost of transformers has increased by about 80 percent since the company’s last rate increase request in March 2004. The cost of wire used for power lines is up about 25 percent. Costs for employee health care, bucket trucks, fuel and other materials also have seen double-digit percentage increases since 2004.

The company has absorbed these costs while continuing to invest in its distribution system, DeCampli said. PPL Electric Utilities has invested more than $450 million to maintain, improve and expand its distribution system in the last three years. The company expects to invest an additional $1.1 billion to maintain, improve and expand the system over the next five years.

“We’re investing in new technology that will help limit the duration of power outages, give customers more control in managing their electricity use and make a time-of-use rate option available to customers by 2010,” DeCampli said.

That time-of-use rate option would enable customers to save money on their electric bills by shifting electricity use to morning, evening and weekend hours, when electricity is less expensive to generate.

In addition to these investments in equipment and technology, the company is stepping up tree-trimming efforts and equipment inspections to prevent outages, and hiring additional linemen, he said.

“We’ve worked hard to improve efficiency, make smart decisions and spend wisely,” DeCampli said. “As a result, our rates are lower than the averages in both Pennsylvania and the Northeast and would remain so even with the increase we have requested.

“We understand that no one wants higher bills, but this request is all about our ability to continue providing the safe, reliable service our customers have come to expect.”

PPL Electric Utilities’ average residential customer today pays a little more than $3 a day for electricity.

New energy efficiency and economic development programs proposed

As part of its rate request, the company is proposing energy efficiency programs that would offer rebates to encourage the use of programmable thermostats and compact fluorescent lights, both of which have the ability to save customers energy and money.

In addition, the company has proposed expanding efforts to raise awareness about energy efficiency. These efforts would include promoting energy-efficient appliances.

The company also has proposed establishing a new $150,000 grant program that would encourage developers to construct high-performance “green buildings” that conserve energy, water and natural resources.

“Promoting energy efficiency is the right thing to do, and we’re committed to helping customers find ways they can save energy,” DeCampli said.

He said PPL Electric Utilities is already taking steps to put new tools at customers’ fingertips and will launch a new Web site later this year that will enable customers to track daily usage, analyze changes in their home’s energy use and get energy advice. Eventually, customers will be able to track hourly usage online as well, and see up to two years of usage history.

Apart from energy efficiency programs, the company also has proposed $1.1 million in economic development programs, including support for downtown organizations and regional economic development initiatives.

Expanded funding for customer assistance programs

PPL Electric Utilities’ rate request also includes additional funding to help customers who are having trouble paying their bills because of financial hardships.

PPL Electric Utilities has been an industry leader for more than 20 years in implementing programs for customers in need, and the company’s rate request proposes a 36 percent increase in funding for its customer assistance programs. These programs provide payment assistance to customers and home weatherization and energy conservation services.

The company also will increase by more than 40 percent its donation to Operation HELP, a program founded by the company nearly 25 years ago to help customers pay heating bills — both electric and nonelectric. Operation HELP is funded through donations from PPL customers and employees, as well as the company. The increase will bring the company’s annual donation to $1 million.

Smaller, more frequent requests

DeCampli said the company’s request reflects its intent to seek smaller adjustments every few years as higher costs warrant, rather than waiting for an extended period and seeking much larger increases. The last distribution rate change took effect Jan. 1, 2005, and was the first such increase in a decade.

“As a regulated utility, we rely upon the rate case process to ensure that we can continue to invest in the safe and reliable delivery of electricity,” DeCampli said. “While unregulated businesses can quickly adjust their prices as costs change, we must turn to the rate case process.”

The requested increase in distribution rates totals $83.6 million.

While the company’s request proposes that the new rates be effective June 1, 2007, as a matter of course the PUC routinely suspends any increase while it conducts an examination of the request. That process usually takes nine months.

Under the company’s proposal, the total bill for a typical residential customer would increase $6.60 per month. The total bill for a commercial customer using 1,000 kilowatt-hours a month with a demand of 3 kilowatts would increase 67 cents. For an industrial customer using 150,000 kilowatt-hours a month with a demand of 500 kilowatts, the total bill would decrease $36.54.

The request is separate from ongoing PUC deliberations, prompted by a Commonwealth Court decision regarding the rate design of the company’s 2005 electric distribution increase.

The request also will not affect generation or transmission rates. Generation rates, which make up more than half of the total electric bill, are set through 2009. The PUC is considering the company’s plan to acquire generation supply for 2010. A PUC judge has recommended that the PUC approve that plan, which is designed to help smooth the transition to competitive electricity markets.

PPL Electric Utilities serves about 1.4 million customers in 29 counties across central and eastern Pennsylvania. The company has consistently ranked highly among companies for customer service in the United States and has received more J.D. Power and Associates awards for customer satisfaction than any other utility in the country.

Through more than eight decades, the company has provided jobs for thousands of Pennsylvanians, contributed to community and economic development in the commonwealth and provided a service that’s essential in the lives of Pennsylvanians.

To learn more about the company, or for more information on the rate request filed with the PUC, customers can visit www.pplrateinfo.com or contact PPL Electric Utilities at 1-800-342-5775 from 8 a.m. to 5 p.m. Monday to Friday.

PPL Electric Utilities is a subsidiary of PPL Corporation. Headquartered in Allentown, Pa., PPL Corporation (NYSE: PPL) 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. More information is available at www.pplweb.com.

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