Commission File
Number
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Registrant; State of Incorporation;
Address and Telephone Number
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IRS Employer
Identification No.
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1-11459
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PPL Corporation
(Exact name of Registrant as specified in its charter)
(Pennsylvania)
Two North Ninth Street
Allentown, PA 18101-1179
(610) 774-5151
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23-2758192
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[ ]
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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[ ]
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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[ ]
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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[ ]
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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(d)
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Exhibits
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||||
99.1 -
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November 6, 2014 press release announcing PPL's presentation at the EEI annual financial conference in Dallas, Texas.
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||||
99.2 -
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Slides to be used in connection with the presentation referred to in Exhibit 99.1.
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PPL CORPORATION
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|||
By:
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/s/ Stephen K. Breininger
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||
Stephen K. Breininger
Controller
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For news media: Ryan Hill, 610-774-5997
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For financial analysts: Joseph P. Bergstein, 610-774-5609
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2010 (1)
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2012 (2)
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2013 (3)
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Pro-Forma PPL Corporation
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Market Cap ($bn)
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$12.8
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$16.4
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$18.8
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Enterprise Value ($bn)
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$17.2
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$35.1
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$37.8
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FY+1 P/E
|
||||
Business Profile (4)
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|||
Regulatory Asset Base (5)
($bn) |
$12.2
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$18.8
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$21.3
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$21.3 +
(6.3% CAGR from 2014 - 2018)
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Reg. Jurisdictions
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KY, PA, UK
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KY, PA, UK
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KY, PA, UK
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KY, PA, UK
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UTY P/E Multiple (6)
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~12.4x
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~14.1x
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~15.1x
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~16.3x (7)
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Segment
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2013
(Ongoing)
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Previous 2014E
Ongoing Midpoint
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Revised 2014E
Ongoing Midpoint
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U.K. Regulated
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$1.32
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$1.35
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$1.38
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Kentucky Regulated
|
0.48
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0.45
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0.45
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PA Regulated
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0.31
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0.39
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0.39
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Supply
|
0.39
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0.17
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0.24
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Corporate and Other
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(0.05)
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(0.06)
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(0.04)
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Total
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$2.45
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$2.30
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$2.42
|
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LG&E
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KU
|
|
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Electric
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Gas
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Electric
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Revenue Increase Requested
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$30 million
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$14 million
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$153 million
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Test Year
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12-months ended
6/30/2016 |
12-months ended
6/30/2016 |
12-months ended
6/30/2016 |
Requested ROE
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10.5%
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10.5%
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10.5%
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Jurisdictional Capitalization
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$2.1 billion
|
$0.5 billion
|
$3.6 billion
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Common Equity Ratio
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52.75%
|
52.75%
|
53.02%
|
Docket No.
|
2014-00372
|
2014-00372
|
2014-00371
|
(1)
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24-hour average.
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(2)
|
NYMEX and TETCO M3 forward gas prices on 9/30/2014.
|
(3)
|
Market Heat Rate = PJM on-peak power price divided by TETCO M3 gas price.
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