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 10, 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
     
1-32944
PPL Energy Supply, LLC
(Exact name of Registrant as specified in its charter)
(Delaware)
Two North Ninth Street
Allentown, PA  18101-1179
(610) 774-5151
23-3074920
     

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 April 10, 2015, the Nuclear Regulatory Commission ("NRC") approved the request of PPL Susquehanna, LLC ("PPL Susquehanna"), an indirect wholly owned subsidiary of PPL Energy Supply, LLC ("PPL Energy Supply"), for the indirect transfer of control of the operating licenses for both of the nuclear-fueled electric power generating stations principally owned by PPL Susquehanna.  The NRC approval was required as a condition to the spinoff by PPL Corporation ("PPL") of PPL Energy Supply and its combination with the competitive generation assets of certain affiliates of Riverstone Power Holdings LLC to form Talen Energy Corporation as an independent, publicly owned corporation.

On April 10, 2015, PPL and PPL Energy Supply issued a press release announcing the NRC approval.  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 April 10, 2015 announcing NRC approval of the indirect transfer of control of the operating licenses for the nuclear-fueled electric power generating stations principally owned by PPL Susquehanna.

 
 

 
 
 


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


 
PPL ENERGY SUPPLY, LLC
       
 
By:
/s/ Stephen K. Breininger
  
   
Stephen K. Breininger
Controller
  




Dated:  April 13, 2015


Exhibit 99.1

Contact:
For news media: George C. Lewis, 610-774-4687
 
For financial analysts: Joseph P. Bergstein, 610-774-5609
 
PPL Corporation


PPL Request for Transfer of Susquehanna Nuclear Plant Licenses
Approved by Nuclear Regulatory Commission


ALLENTOWN, Pa. (April 10, 2015) -- The U.S. Nuclear Regulatory Commission on Friday (4/10) approved PPL Susquehanna’s request for indirect transfer of control of the operating licenses for both units at the Susquehanna nuclear power plant. The decision is associated with PPL Corporation’s proposal to spin off its competitive energy supply business and combine it with competitive generation assets owned by Riverstone Holdings LLC affiliate RJS Power Holdings LLC to form a new independent power producer called Talen Energy Corporation.
After extensive review of PPL Susquehanna’s filing, the NRC determined that the transfer will not adversely affect the technical or financial qualifications to operate the plant, or the assurance of funding for eventual decommissioning of the plant, and will not result in foreign ownership or control of the plant.
When the spinoff transaction occurs, the name of the company holding the plant licenses will change from PPL Susquehanna LLC to Susquehanna Nuclear LLC, but the owner/operator arrangement will not change. Susquehanna Nuclear will operate the plant, which will continue to be jointly owned by Susquehanna Nuclear and Allegheny Electric Cooperative.
The Susquehanna plant is located in Luzerne County, Pa., about seven miles north of Berwick.
Previously, the Federal Energy Regulatory Commission and the Pennsylvania Public Utility Commission approved filings related to the spinoff transaction. The final regulatory action needed before the company can proceed to close the transaction is the completion of a review by the U.S. Department of Justice under the Hart-Scott-Rodino Antitrust Improvements Act. PPL expects the transaction to close in the second quarter of 2015.
PPL Susquehanna is one of PPL Corporation’s generating affiliates. 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.


#     #     #

 
 

Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.
PPL (NYSE:PPL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more PPL Charts.
PPL (NYSE:PPL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more PPL Charts.