8-K 1 pplform8_k.txt CURRENT REPORT 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): June 19, 2002 PPL Corporation --------------- (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.) PPL Electric Utilities Corporation ---------------------------------- (Exact Name of Registrant as Specified in Its Charter) Pennsylvania 1-905 23-0959590 ---------------------------- ----------- ------------------- (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) PPL Energy Supply, LLC ---------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-74794 23-3074920 ---------------------------- ----------- ------------------- (State or other jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) Two North Ninth Street, Allentown, Pennsylvania 18101-1179 ---------------------------------------------------------- (Address of principal executive offices) Registrant's Telephone Number, including Area Code: (610) 774-5151 (Former name or former address if changed since last report) ITEM 5. OTHER EVENTS PRODUCTIVITY ENHANCEMENT PROGRAM On June 19, 2002, PPL Corporation ("PPL Corp.") issued a press release announcing a productivity enhancement program. A copy of the press release is attached as Exhibit 99.1. As discussed in the press release, as a result of costs associated with employee separations, PPL Corp. expects to record primarily a non-cash charge against second-quarter earnings of approximately $75 million, on a consolidated basis. In connection with such employee separations, PPL Electric Utilities Corporation ("PPL Electric Utilities") and PPL Energy Supply, LLC ("PPL Energy Supply") expect to record primarily non-cash charges against second-quarter earnings of approximately $34 million and $40 million, respectively. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits 99.1 Press Release, dated June 19, 2002, regarding PPL Corp.'s productivity enhancement program. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. PPL CORPORATION By: /s/ Joseph J. McCabe ---------------------------------------- Joseph J. McCabe Vice President and Controller PPL ELECTRIC UTILITIES CORPORATION By: /s/ Joseph J. McCabe ---------------------------------------- Joseph J. McCabe Vice President and Controller PPL ENERGY SUPPLY, LLC By: /s/ Joseph J. McCabe ---------------------------------------- Joseph J. McCabe Controller Dated: June 21, 2002