PPL PPL Corporation

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 23, 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 23, 2015, the U.S. Department of Justice ("DOJ") notified Riverstone Holdings LLC ("Riverstone") that it has completed its review pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of the spinoff by PPL Corporation ("PPL") of its wholly owned subsidiary PPL Energy Supply, LLC ("PPL Energy Supply") and the combination of PPL Energy Supply with the competitive generation assets of certain affiliates of Riverstone to form Talen Energy Corporation as an independent, publicly owned corporation (the "Talen Transaction").

 

On April 23, 2015, PPL and PPL Energy Supply issued a press release announcing the DOJ notification. 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 23, 2015 announcing notification by the DOJ of the closing of its Hart-Scott-Rodino Antitrust Improvements Act review of the Talen Transaction.

  

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 24, 2015

 

 

 

Exhibit 99.1

 

 

PPL contacts:	For news media: George C. Lewis, 610-774-4687
	For financial analysts: Joseph P. Bergstein, 610-774-5609
Riverstone contacts:	Jeffrey Taufield and James David
	Kekst and Company, 212-521-4800

 

 

U.S. Department of Justice Completes Review of PPL-Riverstone Transaction

Final regulatory action completed;

transaction on track to close in second quarter 2015

 

 

ALLENTOWN, Pa. (April 23, 2015) -- PPL Corporation and Riverstone Holdings LLC have been notified by the U.S. Department of Justice that the agency has closed its review under the Hart-Scott-Rodino Antitrust Improvements Act of the proposed spinoff transaction involving PPL Energy Supply, which is PPL’s competitive generation business, and RJS Power Holdings, which is Riverstone’s competitive generation business.

This action is the final regulatory decision needed to close the transaction, and keeps PPL and Riverstone on track to close the transaction during the second quarter of 2015.

The transaction, when closed, will form Talen Energy Corporation, which will be an independent, publicly traded company listed on the New York Stock Exchange operating the combined competitive power generation businesses of PPL Energy Supply and RJS Power Holdings.

Previously, the Federal Energy Regulatory Commission, Pennsylvania Public Utility Commission and Nuclear Regulatory Commission approved filings related to the transaction.

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.

Riverstone Holdings LLC is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with approximately $30 billion of equity capital raised. Riverstone conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London, Houston and Mexico City, the firm has committed approximately $29 billion to over 110 investments in North America, Latin America, Europe, Africa and Asia. Visit www.riverstonellc.com for more information.

 

 

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Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.