-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HDTNz6GuW5UeZFHb+5XsFBrRxdhSjhGugNac3T0hfUn+hUzO2kjZirsGmwqT+XMu dqNWx8hvXNjCEo8f8CVvRQ== 0000922224-10-000101.txt : 20101001 0000922224-10-000101.hdr.sgml : 20101001 20101001155626 ACCESSION NUMBER: 0000922224-10-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100930 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20101001 DATE AS OF CHANGE: 20101001 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: 101102470 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):  September 30, 2010

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
     

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 September 30, 2010, PPL Corporation (“PPL”) issued a press release announcing that on September 30, 2010 the Kentucky Public Service Commission had issued an order conditionally approving the Joint Application of PPL, E.ON AG, E.ON US Investments Corp., E.ON U.S. LLC, Louisville Gas and Electric Company and Kentucky Utilities Company for Approval of an Acquisition of Ownership and Control of Utilities.

A copy of the press release is filed as Exhibit 99.1 hereto.


Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
 
Exhibits
 
         
     
99.1 -
Press release, dated September 30, 2010, announcing conditional approval by the Kentucky Public Service Commission of the Joint Application of PPL, E.ON AG, E.ON US Investments Corp., E.ON U.S. LLC, Louisville Gas and Electric Company and Kentucky Utilities Company for Approval of an Acquisition of Ownership and Control of Utilities.
 

 
 

 
 

 


SIGNATURE

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


 
PPL CORPORATION
       
 
By:
/s/ Vincent Sorgi
 
   
Vincent Sorgi
Vice President and Controller
 




Dated:  October 1, 2010

EX-99.1 2 form8k-exhibit99_1.htm EXHIBIT 99.1 form8k-exhibit99_1.htm
Exhibit 99.1


 
Contact:     Dan McCarthy, 610-774-5997
PPL Corporation



Kentucky regulators approve PPL Corporation acquisition of E.ON U.S.
Approval is subject to conditions, which PPL will accept


ALLENTOWN, Pa. (Sept. 30, 2010) -- Thursday’s (9/30) conditional approval by the Kentucky Public Service Commission of PPL Corporation’s proposed acquisition of E.ON U.S. LLC, the parent company of Louisville Gas and Electric Company and Kentucky Utilities Company, is another significant step toward the completion of the transaction, PPL officials said.
“We are very pleased with the commission’s action today,” said James H. Miller, chairman, president and chief executive officer of PPL. “Pending receipt of other approvals, we are on track to close the acquisition around the end of October, just six months after our announcement of the transaction.”
The commission’s approval is subject to PPL’s acceptance of all conditions, including additional conditions related to continued operation of LG&E as both an electric and gas utility, the PSC’s authority regarding provisions of the order, and a requirement that PPL submit reports on its energy conservation and efficiency efforts in other states in which it operates. PPL intends to accept all conditions.
In its order, the commission approved PPL’s application and a series of commitments the company has made to customers and communities in Kentucky as part of the transaction. For example, PPL has committed that there will no base rate increase before Jan. 1, 2013.
Interim rate adjustments will continue to be permissible during that period for existing fuel, environmental and demand-side management cost trackers. The settlement also provides for a mechanism under which any earnings above a 10.75 percent return on equity will be shared with customers on a 50:50 basis.
Other commitments made by PPL as part of the transaction include a continued commitment to employee and public safety and environmental stewardship, a continued active role in communities served by LG&E and KU, charitable contributions at least at the same level now provided, no change in headquarters locations in Louisville and Lexington for 15 years, continued support for low-income customers and no planned reductions in employment as a result of this transaction.
In August, PPL received antitrust clearance for the acquisition from the Federal Trade Commission and the U.S. Department of Justice. The acquisition also requires approvals from the Tennessee Regulatory Authority, the Virginia State Corporation Commission and the Federal Energy Regulatory Commission. PPL has reached a settlement with two parties who had raised issues at the FERC, resolving all concerns.
E.ON U.S., through LG&E and KU, provides electricity service to 941,000 customers, mostly in the state of Kentucky, with some customers in Virginia and Tennessee. LG&E also provides natural gas delivery service to 321,000 customers in Kentucky. E.ON U.S. has about 3,100 employees and owns and operates about 8,000 megawatts of regulated electric generation capacity.
PPL Corporation (NYSE: PPL), headquartered in Allentown, Pa., owns or controls nearly 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom. 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.

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