0000922224-19-000040.txt : 20190517 0000922224-19-000040.hdr.sgml : 20190517 20190517153544 ACCESSION NUMBER: 0000922224-19-000040 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20190517 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20190517 DATE AS OF CHANGE: 20190517 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: 19835434 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 ppl051720198k.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):  May 17, 2019

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. [  ]



Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol:
Name of each exchange on which registered
Common Stock of PPL Corporation
PPL
New York Stock Exchange
 
 
 
Junior Subordinated Notes of PPL Capital Funding, Inc.
 
 
2007 Series A due 2067
PPL/67
New York Stock Exchange
2013 Series B due 2073
PPX
New York Stock Exchange





Section 7 - Regulation FD 
 
Item 7.01 Regulation FD Disclosure 
 
On May 17, 2019, PPL Corporation posted to its website a statement regarding recent announcements by the U.K. Labour Party with respect to its proposal to convert the U.K. energy sector into state ownership. A copy of the statement is furnished as Exhibit 99.1 to this Report. 
  
Section 9 - Financial Statements and Exhibits 
  
Item 9.01 Financial Statements and Exhibits 
  
 
(d)
 
Exhibits
 
 
 
 
 
 
 
 
 
99.1 -
PPL Corporation statement referred to above.


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/ Marlene C. Beers
 
 
 
Marlene C. Beers
Vice President and Controller
 




Dated:  May 17, 2019


EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Exhibit

Company Statement
 
ppllogo.jpg
 
 
 
 
PPL statement regarding Labour Party’s plan to take the
U.K. energy sector into state ownership

ALLENTOWN, Pa. (May 17, 2019) — PPL Corporation views the Labour Party’s plan to take the U.K. energy sector into state ownership as an ill-conceived idea that will impact U.K. energy consumers adversely if implemented.
Specifically, Labour’s proposal would be very costly for consumers while adding risk and unnecessary complexity at a time when significant additional investment is required to advance the U.K.’s low-carbon transition.
WPD is investing £7.1 billion ($9 billion) in its network in the current eight-year regulatory period, which commenced in April 2015. The company has already made significant investment to support the U.K. government in delivering a low-carbon environment and will continue to increase this as the drive to enable decarbonization continues. WPD is leading the industry in development of new ways of working and using innovative technologies, which has already enabled 9.9GW of distributed generation to be connected to the network, including over 5.3GW of solar and wind generation. In relation to storage, WPD is facilitating the connection of over 1.2GW of battery energy storage, and this is expected to grow further.
WPD has led the industry for the last seven years in its level of customer service, with independent assessment demonstrating satisfaction levels over 90% and continues to look at ways to further improve this score.
Costs to the customer are 17% lower than pre-privatization on a like-for-like basis. WPD’s costs account for around 17% of an average customer’s yearly domestic electricity bill (approximately £8 ($10) per month) despite the huge increases in investment and the tremendous improvements in both reliability and customer service, with customers receiving a 60% improvement in reliability since then.
Benefits such as these demonstrate that privatization has driven innovation and efficiency and provided measurable and sustainable benefits to customers. Should Labour form a government in the future and be able to move forward with its proposal, we strongly believe that we are entitled to full compensation from the U.K. government.

# # #
   
Contacts: For news media: Dana Burns, 610-774-5997
For financial analysts: Andy Ludwig, 610-774-3389

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