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): September 12, 2007
Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | IRS Employer Identification No. |
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| 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 |
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| 333-74794 | 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 |
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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 1 – Registrants’ Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
Section 8 - Other Events
Item 8.01 Other Events
On September 12, 2007, PPL Corporation (“PPL”) issued a press release announcing that it has entered into an agreement to sell its 95.4% equity ownership in Empresas Emel S.A., its Chilean electricity delivery business, to Compañía General de Electricidad, S.A. for $660 million. Completion of the sale, which will occur following a tender offer for all shares as required under Chilean law, is subject to customary closing conditions and is expected to occur in the fourth quarter of 2007. PPL announced that it expects to record a special after-tax earnings gain on the sale of $205 million to $225 million, or 53 to 58 cents per share, in the fourth quarter. A copy of the press release announcing the sale is attached as Exhibit 99.1 and is incorporated herein by reference.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| | (d) | | Exhibits | |
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| | | | 99.1 - | Press release, dated September 12, 2007, announcing that PPL has agreed to sell its Chilean operations. |
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SIGNATURE
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 |
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| | By: | /s/ J. Matt Simmons, Jr. | |
| | | J. Matt Simmons, Jr. Vice President and Controller | |
| | PPL ENERGY SUPPLY, LLC |
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| | By: | /s/ J. Matt Simmons, Jr. | |
| | | J. Matt Simmons, Jr. Vice President and Controller | |
Dated: September 12, 2007
