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): June 19, 2002
PPL Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania 1-11459 23-2758192
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
PPL Electric Utilities Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania 1-905 23-0959590
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
PPL Energy Supply, LLC
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-74794 23-3074920
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(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Two North Ninth Street, Allentown, Pennsylvania 18101-1179
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(Address of principal executive offices)
Registrant's Telephone Number, including Area Code: (610) 774-5151
(Former name or former address if changed since last report)
ITEM 5. OTHER EVENTS
PRODUCTIVITY ENHANCEMENT PROGRAM
On June 19, 2002, PPL Corporation ("PPL Corp.") issued a press release
announcing a productivity enhancement program. A copy of the press release is
attached as Exhibit 99.1.
As discussed in the press release, as a result of costs associated with employee
separations, PPL Corp. expects to record primarily a non-cash charge against
second-quarter earnings of approximately $75 million, on a consolidated basis.
In connection with such employee separations, PPL Electric Utilities Corporation
("PPL Electric Utilities") and PPL Energy Supply, LLC ("PPL Energy Supply")
expect to record primarily non-cash charges against second-quarter earnings of
approximately $34 million and $40 million, respectively.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99.1 Press Release, dated June 19, 2002, regarding PPL Corp.'s productivity
enhancement program.
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/ Joseph J. McCabe
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Joseph J. McCabe
Vice President and Controller
PPL ELECTRIC UTILITIES CORPORATION
By: /s/ Joseph J. McCabe
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Joseph J. McCabe
Vice President and Controller
PPL ENERGY SUPPLY, LLC
By: /s/ Joseph J. McCabe
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Joseph J. McCabe
Controller
Dated: June 21, 2002