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):  March 11, 2015

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))


 
 
 


Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On March 11, 2015, PPL Corporation ("PPL") issued a press release announcing that the Pennsylvania Public Utility Commission has approved the application of Interstate Energy Company ("Interstate") and PPL's wholly owned subsidiary, PPL Electric Utilities Corporation, to transfer the indirect 100 percent ownership of Interstate from PPL to Talen Energy Corporation ("Talen Energy").  As previously reported, approval of the transfer is a condition to completion of the transactions to spin off and combine the competitive generation business of PPL's wholly owned subsidiary, PPL Energy Supply, LLC, with the generation assets of RJS Power Holdings LLC to form Talen Energy, a new, publicly traded, independent power producer.

A copy of the press release is furnished as Exhibit 99.1 hereto.  

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
  
Exhibits
  
         
     
99.1 -
Press Release, dated March 11, 2015, referred to above.






 
 
 

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:  March 11, 2015


Exhibit 99.1
 
 
Contacts:
For News Media — George C. Lewis, 610-774-4687
 
For Financial Analysts — Joseph P. Bergstein, 610-774-5609

 
Source:  PPL Corporation
 
 

 
Applications Associated with PPL Spinoff Transaction
Approved by Pennsylvania PUC
 
ALLENTOWN, Pa. (March 11, 2015) – The Pennsylvania Public Utility Commission on Wednesday (3/11) approved applications filed by PPL Electric Utilities Corporation and PPL Interstate Energy Company (IEC) for certain approvals associated with the proposal by PPL Corporation to spin off its competitive energy supply business and combine it with generation assets owned by Riverstone Holdings LLC affiliate RJS Power Holdings LLC to form a new independent power producer named Talen Energy.
 
 
PUC approval was requested for two reasons. PPL Electric Utilities, which is regulated by the PUC, sought review and approval of certain changes in property rights and contracts. In addition, IEC, which operates a Pennsylvania pipeline that transports oil or natural gas to two PPL power plants in Northampton County, requested approval of a change in its ownership under the proposed transaction. The PUC has regulatory authority over the IEC pipeline.
 
 
The spinoff transaction involving PPL and RJS Power Holdings was previously approved by the Federal Energy Regulatory Commission when the parties accepted FERC’s market power mitigation requirements in January. The transaction also requires approval by the Nuclear Regulatory Commission and the U.S. Department of Justice. The transaction is expected to close in the second quarter of 2015.
 
 
PPL Corporation (NYSE: PPL), with 2014 revenues of $11.5 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom. More information is available at www.pplweb.com.
 
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Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.
 

 
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