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):  February 28, 2014

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 February 28, 2014, PPL Corporation ("PPL") issued a press release announcing that its four Western Power Distribution subsidiaries ("WPD subsidiaries") have received official confirmation from the U.K. Office of Gas and Electricity Markets of acceptance of the WPD subsidiaries' business plans for the eight-year price control period that begins April 1, 2015.  A copy of the press release is filed as Exhibit 99.1 to this Report.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	Press Release, dated February 28, 2014, announcing PPL's United Kingdom subsidiaries accepted for 'Fast Tracking.'

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:  February 28, 2014

EX-99.1

Exhibit 99.1

Contact:	For news media — George C. Lewis, 610-774-4687
	For financial analysts — Joseph P. Bergstein, 610-774-5609
	PPL Corporation

PPL’s United Kingdom Subsidiaries Accepted for ‘Fast Tracking’

Ofgem sets base revenues for price control period beginning April 1, 2015;

PPL reaffirms projected earnings ranges for U.K. business segment

ALLENTOWN, Pa.  (Feb. 28, 2014) -- PPL Corporation (NYSE: PPL) received official confirmation Friday (2/28) that business plans submitted by its four Western Power Distribution subsidiaries in the United Kingdom have been accepted in full, subject to a cost of equity change, for the 8-year price control period starting April 1, 2015.

In announcing its final “fast track” decision for the WPD subsidiaries, the Office of Gas and Electricity Markets (Ofgem) issued a final determination of base revenues for the period, and operating results that must be delivered in order to earn bonus revenue for exceptional performance.

“The well-justified business plans we submitted in July 2013 reflect the excellence in reliability, cost and customer satisfaction that our U.K. team has consistently delivered,” said Rick L. Klingensmith, president of PPL Global. “We appreciate Ofgem’s recognition of the high quality in our business plans, and our ability to deliver value to customers.”

Ofgem set the real cost of equity for the WPD subsidiaries at 6.4 percent, above the 6.0 percent rate for electric distribution companies not accepted for fast tracking. Projected earnings ranges for PPL’s U.K. Regulated business segment are unchanged from the company’s announcement in July 2013.

Fast tracking affords several benefits to the WPD subsidiaries, including the ability to collect additional annual revenue equivalent to 2.5 percent of total annual expenditures, or approximately $35 million, a higher level of cost savings retention, and completion of the regulatory review process nine months earlier than other electricity distribution companies.

“With the final determination in place, we can turn our full attention to preparing to execute on our business plans starting next April, delivering the expected results for our customers, the regulator and PPL shareowners,” Klingensmith said.

The four WPD subsidiaries provide electricity distribution service to 7.8 million customers in central and southwest England and south Wales.

Ofgem’s final determination, WPD’s business plans and other key documents in the price control review process are posted on PPL’s website.

PPL Corporation, with 2013 revenues of $12 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom, owns more than 18,000 megawatts of generating capacity in the United States and sells energy in key U.S. markets. More information is available at www.pplweb.com.

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