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):  July 22, 2011

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 5 - Corporate Governance and Management

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Officer Promotion

On July 22, 2011, PPL Corporation (“PPL” or the “Company”) issued a press release announcing that the Board of Directors of PPL had promoted William H. Spence to President of the Company, effective on that date.  A copy of the press release announcing Mr. Spence’s promotion is filed as Exhibit 99.1 to this Report and incorporated herein by reference.

In connection with Mr. Spence’s promotion, his base salary was increased from $734,600 to $820,000.  As a result, the target amount of Mr. Spence’s annual cash incentive award increased by $81,130.  The target amount of Mr. Spence’s annual cash incentive award is determined as a percentage of his base salary.  That percentage in Mr. Spence’s case is 95%, which is unchanged from the percentage applied prior to his promotion.  With respect to the equity-based portion of Mr. Spence’s compensation, the percentage of annual base salary used to establish Mr. Spence’s target awards was increased from 250% to 275%, which will correspond to an increase in the aggregate amount of Mr. Spence’s target equity-based incentive compensation of $418,500 which will first be reflected in target equity-based incentives awarded beginning for the 2012 performance period.  Payment of all incentive awards is subject to achievement of the performance goals established by the Compensation, Governance and Nominating Committee (“CGNC”) of the Company’s Board of Directors, as determined annually by the CGNC.  As a result of Mr. Spence’s promotion, for the 2011 performance period, Mr. Spence received pro rated increases in his equity-based incentive compensation of 9,320 ($41,000) in options to purchase shares of the Company’s common stock and an award of 730 ($20,500) performance units, in each case based on the closing price of the Company’s common stock on July 22, 2011.  The terms of the stock options and performance units granted to Mr. Spence are as described in the Company’s proxy statement for its May 18, 2011 Annual Meeting.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	July 22, 2011 press release announcing the promotion of William H. Spence to President of PPL Corporation effective July 22, 2011.

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:  July 27, 2011

EX-99.1

Exhibit 99.1

Contact:   Dan McCarthy, 610-774-5758

William Spence Named President of PPL Corporation

ALLENTOWN, Pa. (July 22, 2011) – William H. Spence, executive vice president and chief operating officer of PPL Corporation (NYSE: PPL) since 2006, has been named president of the multi-national, $16 billion corporation.

Spence, who has more than three decades of utility sector experience, was elected president on Friday (7/22). He also will continue to serve as the company’s chief operating officer.

James H. Miller, PPL’s president since 2005, will continue to serve as chairman and chief executive officer of the corporation, posts he has held since 2006.

“Since joining PPL as chief operating officer five years ago, Bill Spence has proven himself as a superb leader, improving the company’s operational performance and enabling the company to steer through the extremely challenging market conditions of the past several years,” said Miller. “He also has been instrumental in PPL’s recent acquisitions of utility operations in Kentucky and England.

“Bill’s extensive industry experience, combined with his hands-on knowledge of PPL’s operations, makes him uniquely qualified for this position,” said Miller.

As president, Spence will oversee the operations of the company’s regulated utility operations in the U.S. and the United Kingdom, PPL’s competitive-market power plants in the Mid-Atlantic region and in Montana and the company’s energy marketing organization.

Spence came to PPL from Pepco Holdings Inc. in Washington, D.C., where he was president of Pepco’s $3 billion competitive generation and retail marketing businesses, which included Conectiv Energy and Pepco Energy Services.

He joined Delmarva Power in 1987 in the company’s regulated gas business, where he held various positions before being named vice president of trading for Delmarva Power in 1996. Spence also served as senior vice president of Conectiv before being named president of the combined competitive-market businesses after Conectiv’s merger with Pepco.

Prior to joining Delmarva Power, Spence held engineering positions at Algonquin Gas Transmission Company, Boston, and for the U.S. Geological Survey in Farmington, N.M.

Spence holds a bachelor’s degree in petroleum and natural gas engineering from Penn State University and a master’s degree in business administration from Bentley College in Waltham, Mass. He also is a graduate of the Executive Development Program at the University of Pennsylvania and the Nuclear Technology Program of the Massachusetts Institute of Technology.

He serves on the boards of the National Nuclear Accreditation organization, the United Way of the Greater Lehigh Valley and the Delaware Museum of Natural History. He also is a member of the Electric Power Research Institutes’ Research Advisory Council.

PPL Corporation, headquartered in Allentown, Pa., through its affiliates, owns or controls about 19,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets, and delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom. More information is available at www.pplweb.com.

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