PPL Form 8-K
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): May 10, 2007
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
|
|
|
|
1-905
|
PPL
Electric Utilities Corporation
(Exact
name of Registrant as specified in its charter)
(Pennsylvania)
Two
North Ninth Street
Allentown,
PA 18101-1179
(610)
774-5151
|
23-0959590
|
|
|
|
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)
|
[ ]
|
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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
8 - Other Events
Item
8.01 Other Events
On
May
10, 2007, PPL Electric Utilities Corporation (“PPL Electric”) issued a press
release announcing the Pennsylvania Public Utilities Commission’s (“PUC”)
approval of PPL Electric’s plan to procure default electricity supply in 2010
for retail customers who do not choose an alternative competitive supplier.
Under the plan, PPL Electric will issue competitive bids for such supply in
2007, 2008 and 2009. The price customers pay in 2010 will result from a blend
of
contracts from these competitive bids. A copy of the press release is attached
as Exhibit 99.1 and is incorporated by reference.
On
May
10, the PUC also approved final regulations regarding the obligation of
Pennsylvania electric utilities to provide default electricity supply in 2011
and beyond. The new regulations provide that default service providers will
acquire electricity supply at prevailing market prices pursuant to procurement
and implementation plans approved by the PUC. The regulations also address
the
utilities’ recovery of market supply costs. The final regulations will become
effective after review by several other state agencies and publication in the
Pennsylvania Bulletin.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
|
(d)
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Exhibits
|
|
|
|
|
|
|
|
|
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99.1
-
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Press
release, dated May 10, 2007, announcing approval of PPL Electric
Utilities’ 2010 Power Purchase
Plan.
|
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:
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/s/
James E. Abel
|
|
|
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James
E. Abel
Vice
President - Finance and Treasurer
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|
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PPL
ELECTRIC UTILITIES CORPORATION
|
|
|
|
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By:
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/s/
James E. Abel
|
|
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James
E. Abel
Treasurer
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Dated: May
16, 2007