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 31, 2020
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Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | IRS Employer Identification No. |
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1-11459 | PPL Corporation | 23-2758192 |
| (Exact name of Registrant as specified in its charter) | |
| Pennsylvania | |
| Two North Ninth Street | |
| Allentown, | PA | 18101-1179 | |
| (610) | 774-5151 | |
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1-905 | PPL Electric Utilities Corporation | 23-0959590 |
| (Exact name of Registrant as specified in its charter) | |
| Pennsylvania | |
| Two North Ninth Street | |
| Allentown, | PA | 18101-1179 | |
| (610) | 774-5151 | |
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333-173665 | LG&E and KU Energy LLC | 20-0523163 |
| (Exact name of Registrant as specified in its charter) | |
| Kentucky | |
| 220 West Main Street | |
| Louisville, | KY | 40202-1377 | |
| (502) | 627-2000 | |
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1-2893 | Louisville Gas and Electric Company | 61-0264150 |
| (Exact name of Registrant as specified in its charter) | |
| Kentucky | |
| 220 West Main Street | |
| Louisville, | KY | 40202-1377 | |
| (502) | 627-2000 | |
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1-3464 | Kentucky Utilities Company | 61-0247570 |
| (Exact name of Registrant as specified in its charter) | |
| Kentucky and Virginia | |
| One Quality Street | |
| Lexington, | KY | 40507-1462 | |
| (502) | 627-2000 | |
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:
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☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class | Trading Symbol: | Name of each exchange on which registered |
Common Stock of PPL Corporation | PPL | New York Stock Exchange |
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Junior Subordinated Notes of PPL Capital Funding, Inc. | | |
2007 Series A due 2067 | PPL/67 | New York Stock Exchange |
2013 Series B due 2073 | PPX | New York Stock Exchange |
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Indicate by a check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). |
☐ | PPL Corporation |
☐ | PPL Electric Utilities Corporation |
☐ | LG&E and KU Energy LLC |
☐ | Louisville Gas and Electric Company |
☐ | Kentucky Utilities Company |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. |
☐ | PPL Corporation |
☐ | PPL Electric Utilities Corporation |
☐ | LG&E and KU Energy LLC |
☐ | Louisville Gas and Electric Company |
☐ | Kentucky Utilities Company |
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
In recent weeks, the continued spread of the novel Coronavirus ("COVID-19") has led to global economic disruption and volatility in financial markets. PPL Corporation ("PPL") and its subsidiaries are taking steps to mitigate the potential risks to our customers, suppliers and employees posed by the spread of COVID-19. We have implemented our company-wide pandemic plan, which guides the emergency response, business continuity and precautionary measures we are taking to continue to provide uninterrupted service to our customers and to support our operational needs, including those of a significant remote workforce. We continue to monitor developments affecting both our workforce and our customers, and we will take additional precautions that we determine are necessary in order to mitigate the impacts.
This is a rapidly evolving situation that could lead to extended disruption of economic activity in our markets, which could adversely affect our business. Given the uncertain scope and duration of the COVID-19 outbreak and its potential effects on our business, we currently cannot predict if there will be a material impact to our financial position, results of operations or cash flows.
As provided in General Instruction B.2 of Form 8-K, the information contained in this Item 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Section 8 - Other Events
Item 8.01. Other Events
As a result of the global outbreak of COVID-19, PPL is updating its risk factor disclosure contained in its Securities and Exchange Commission filings as follows:
The outbreak of the Coronavirus (COVID-19) and resultant impact on business and economic conditions could negatively affect our business.
The outbreak of COVID-19 has led to global economic disruption and volatility in the financial markets. The continued spread of COVID-19 and efforts to contain the virus, such as quarantines, reduced operations or extended closures of businesses, governmental agencies and other institutions, could cause further economic disruption, which could adversely affect customer demand, impact our employees, cause us to experience an increase in certain costs, delayed payments or uncollectable accounts or cause other unpredictable events, each of which could adversely affect our business, results of operations or financial condition.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| PPL CORPORATION |
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| By: | /s/ Marlene C. Beers | |
| | Marlene C. Beers Vice President and Controller | |
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| PPL ELECTRIC UTILITIES CORPORATION |
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| By: | /s/ Stephen K. Breininger | |
| | Stephen K. Breininger Vice President-Finance and Regulatory Affairs and Controller | |
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| LG&E AND KU ENERGY LLC |
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| By: | /s/ Daniel K. Arbough | |
| | Daniel K. Arbough Treasurer | |
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| LOUISVILLE GAS AND ELECTRIC COMPANY |
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| By: | /s/ Daniel K. Arbough | |
| | Daniel K. Arbough Treasurer | |
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| KENTUCKY UTILITIES COMPANY |
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| By: | /s/ Daniel K. Arbough | |
| | Daniel K. Arbough Treasurer
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Dated: March 31, 2020
