0000922224-18-000034.txt : 20180430 0000922224-18-000034.hdr.sgml : 20180430 20180430071430 ACCESSION NUMBER: 0000922224-18-000034 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20180430 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20180430 DATE AS OF CHANGE: 20180430 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: 18786671 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 ppl-04302018xform8k.htm 8-K Document

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):  April 30, 2018

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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]



Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On April 30, 2018, PPL Corporation ("PPL") issued a news release confirming that the U.K. Office of Gas and Electricity Markets ("Ofgem") had announced its decision not to conduct a mid-period review of the terms of the current price control period applicable to U.K. electricity distribution companies, referred to as RIIO-ED1. A copy of PPL's news release is furnished with this Current Report as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
 
Exhibits
 
 
 
 
 
 
 
 
 
99.1 -
Press Release, dated April 30, 2018, announcing Ofgem's decision not to conduct a mid-period review of the RIIO-ED1 price controls.
 
 
 
 
 
As provided in General Instruction B.2 of Form 8-K, the information contained in this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
 

 
















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/ Stephen K. Breininger
 
 
 
Stephen K. Breininger
Vice President and Controller
 




Dated:  April 30, 2018

EX-99 2 exhibit991.htm EXHIBIT 99 Exhibit

 
news release
 
exhibit991image1.jpg
www.pplnewsroom.com
 
 
 

Contacts:
For news media – Ryan Hill, 610-774-5997
 
For financial analysts – Andy Ludwig, 610-774-3389


PPL Corporation supportive of Ofgem decision to forgo mid-period review
United Kingdom regulator sees no need for review of RIIO-ED1 following consultation
ALLENTOWN, Pa. (April 30, 2018) – PPL Corporation announced today that it is supportive of U.K. utility regulator Ofgem’s decision to forgo any mid-period review of utility requirements or revenues during RIIO-ED1, the U.K.’s current eight-year price control period for electricity distribution companies.
Prior to today’s decision, Ofgem had sought feedback from stakeholders regarding the need for – and potential scope of – any mid-period review during RIIO-ED1, which extends until March 31, 2023.
“We believe Ofgem, through its consultation process, arrived at the best outcome for all stakeholders,” said William H. Spence, chairman, president and Chief Executive Officer for PPL Corporation, which has electricity distribution operations serving nearly 8 million customers in the U.K. “We appreciated the opportunity to share our views with Ofgem during the public input phase, and we are pleased they determined that the guidelines established at the outset of RIIO-ED1 were appropriate.”
Ofgem’s RIIO-ED1 framework provides revenue stability for distribution network operators while controlling costs to consumers, strengthening the reliability and resilience of the grid, and improving customer satisfaction. In addition, the U.K. regulation promotes continual investment in energy networks and greater innovation.
Evidence from the first two years of RIIO-ED1 indicates it is on course to deliver on its objectives. The U.K.’s distribution network operators have performed well against their targets, service quality has improved, and prices have fallen.
Under RIIO-ED1, PPL subsidiary Western Power Distribution has continued to invest in improved performance, with power outages during the 2016-17 reporting year down 31 percent from 2012. At the same time, the company has led all U.K. distribution network operator groups in customer satisfaction for the sixth year in a row, reduced its business carbon footprint and continued to develop innovative solutions to connect more distributed energy resources to local networks.
“We look forward to continuing to deliver positive outcomes for customers and fair returns for our shareowners moving forward,” said Spence. “And we remain focused on building on this progress and meeting our commitments as we continue through RIIO-ED1.”




Headquartered in Allentown, Pa., PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector. PPL’s seven high-performing, award-winning utilities serve 10 million customers in the U.S. and United Kingdom. With more than 12,000 employees, the company is dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners. To learn more, visit www.pplweb.com.


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