-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NSptWCOrO6nQJxhX9LEPnU7k0unmdtMX4LJaqiTckSezMWISpMCTrfsHjCqpNTyw WmrdQ/XE5Cunh6h7+LtpNQ== 0000922224-98-000037.txt : 19980821 0000922224-98-000037.hdr.sgml : 19980821 ACCESSION NUMBER: 0000922224-98-000037 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19980820 ITEM INFORMATION: FILED AS OF DATE: 19980820 SROS: NYSE SROS: PHLX FILER: COMPANY DATA: COMPANY CONFORMED NAME: PP&L RESOURCES INC CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-11459 FILM NUMBER: 98694831 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO NORTH NINTH ST STREET 2: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 181011179 8-K 1 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) August 20, 1998 PP&L Resources, Inc. ___________________________________________________________________________ (Exact name of registrant as specified in its charter) PENNSYLVANIA 1-11459 23-2758192 ___________________________________________________________________________ (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) TWO NORTH NINTH STREET, ALLENTOWN, PA. 18101-1179 ___________________________________________________________________________ (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code 610-774-5151 ___________________________________________________________________________ (Former name or former address, if changed since last report.) Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits (12) Computation of Ratio of Earnings to Fixed Charges Exhibit 12 PP&L RESOURCES, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Millions of Dollars)
12 Months Ended June 30, 1998(a) 1997 1996 1995 1994 1993 Fixed charges, as defined: Interest on long-term debt .......... $195 $196 $207 $213 $214 $226 Interest on short-term debt and other interest ............... 28 25 17 18 18 13 Amortization of debt discount, expense and premium - net.................. 2 2 2 2 2 2 Interest on capital lease obligations Charged to expense .............. 8 9 13 15 12 9 Capitalized ..................... 2 2 2 2 1 1 Estimated interest component of operating rentals ................. 18 15 8 8 6 5 Proportionate share of fixed charges of 50-percent-or-less-owned persons ........................... 1 1 1 1 1 1 Total fixed charges ......... $254 $250 $250 $259 $254 $257 Earnings, as defined: Net income .......................... $269 $296 $329 $323 $216 $314 Preferred and Preference Stock Dividend Requirements.............. 26 24 28 28 28 34 Less undistributed income of less than 50-percent-owned persons ..... - - - - - - 295 320 357 351 244 348 Add (Deduct): Federal income taxes ................ 162 169 189 195 198 163 State income taxes .................. 52 59 64 62 77 64 Deferred income taxes ............... 23 29 10 15 (45) 22 Investment tax credit - net ......... (10) (10) (10) (10) (12) (14) Income taxes on other income and deductions - net .................. - (9) - 24 (38) (1) Amortization of capitalized interest on capital leases ........ 2 2 4 5 9 12 Total fixed charges as above (excluding capitalized interest on capital lease obligations) ..... 252 248 248 257 253 256 Total earnings .............. $776 $808 $862 $899 $686 $850 Ratio of earnings to fixed charges ............................. 3.06 3.23 3.45 3.47 2.70 3.31 (a) Excluding extraordinary items.
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 thereunto duly authorized. PP&L RESOURCES, INC. By: ________/s/John R. Biggar_______ Senior Vice President-Financial Date: August 20, 1998 -----END PRIVACY-ENHANCED MESSAGE-----