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 16, 2009

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
1-32944	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 17, 2009, PPL Energy Supply, LLC (the “Company”) issued a press release announcing the expiration of its previously announced tender offers to purchase for cash up to $250,000,000 aggregate principal amount of certain of its outstanding senior notes.

A copy of the Company’s press release is attached hereto as Exhibit 99.1 to this report and is hereby incorporated by reference.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	Press Release of the Company, dated March 17, 2009.

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/ J. Matt Simmons, Jr.
	J. Matt Simmons, Jr. Vice President and Controller

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

Dated:  March 17, 2009

EX-99.1

Exhibit 99.1

Contact:	George Biechler, for news media, 610-774-5997
	PPL Energy Supply
	Two N. Ninth St.
	Allentown, PA 18101

PPL Energy Supply announces completion of $250 million debt tender offers

ALLENTOWN, Pa. (March 17, 2009) -- PPL Energy Supply, LLC on Tuesday (3/17) announced the expiration of its tender offers for up to $250 million aggregate principal amount of its outstanding 6.00% Senior Notes due 2036 and 6.20% Senior Notes due 2016. The tender offers expired as of 11:59 p.m., New York City time, on March 16, 2009.

In the tender offers, $99,582,000 in aggregate principal amount of 2036 Notes and $274,691,000 in aggregate principal amount of 2016 Notes were validly tendered and not withdrawn on or before the expiration of the tender offers, pursuant to the terms of the Offer to Purchase.

Because the aggregate principal amount of 2036 Notes and 2016 Notes tendered exceeds the $250 million maximum purchase amount, the 2016 Notes will be purchased on a pro rata basis as described in the Offer to Purchase. The proration factor with respect to the 2016 Notes will be approximately 54.76%. All of the 2036 Notes tendered have been accepted for purchase, and any 2016 Notes tendered but not accepted for purchase will be promptly returned to the tendering parties.

PPL Energy Supply previously terminated its tender offer for its 5.40% Senior Notes due 2014, and all 2014 Notes tendered were returned to the tendering parties.

For additional information regarding the terms of the tender offers, please contact Morgan Stanley at 800-624-1808 (toll free) or 212-761-5384 (collect) or Wachovia Securities at 866-309-6316 (toll free) or 704-715-8341 (collect). Questions regarding the tender of notes may be directed to D.F. King & Co., Inc. at 800-628-8536 (toll free) or 212-269-5550 (collect).

PPL Energy Supply controls or owns more than 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets, and delivers electricity to customers in the United Kingdom. PPL Energy Supply is a subsidiary of PPL Corporation (NYSE: PPL), headquartered in Allentown, Pa. More information is available at www.pplweb.com.

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PPL Energy Supply, LLC’s obligations to accept any notes tendered and to pay the applicable consideration for them are set forth solely in the Offer to Purchase and related Letter of Transmittal.

This news release is not an offer to purchase or a solicitation of acceptance of the tender offers. PPL Energy Supply, LLC may amend, extend or, subject to certain conditions, terminate the tender offers.

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