ppl8k.htm
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): June 21, 2007
Commission
File
Number
|
Registrant;
State of Incorporation;
Address
and Telephone Number
|
IRS
Employer
Identification
No.
|
|
|
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1-11459
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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
|
|
|
|
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
|
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)
|
[ ]
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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))
|
[ ]
|
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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
PPL
Corporation (“PPL”) and its indirect, wholly owned subsidiary, PPL Energy
Supply, LLC (“PPL Energy Supply”) reported discontinued operations in their
respective reports on Form 10-Q for the three months ended March 31, 2007,
as a
result of the previously disclosed anticipated sale of their Latin America
subsidiaries in Bolivia, El Salvador and Chile. As required by
Statement of Financial Accounting Standards No. 144, “Accounting for the
Impairment or Disposal of Long Lived Assets,” PPL and PPL Energy Supply
presented in those reports the results of operations from these subsidiaries
in
“(Loss) Income from Discontinued Operations” in the Condensed Consolidated
Statements of Income for the three months ended March 31, 2007 and
2006. The assets and liabilities of these operations were classified
as held for sale at March 31, 2007.
As
a
result of these discontinued operations, PPL and PPL Energy Supply are filing
this Form 8-K with the exhibits hereto to conform certain financial information
presented in their Form 10-K reports for the year ended December 31, 2006,
to
the presentation of the discontinued operations in their first quarter 2007
Form
10-Q reports.
The
changes to the prior period financial statements reflected in the exhibits
to
this Form 8-K have no effect on PPL’s or PPL Energy Supply’s net income
originally reflected in those financial statements. Furthermore, as
the exhibits to this Form 8-K only conform the financial information and
disclosures in PPL’s and PPL Energy Supply’s 2006 Form 10-K reports to reflect
the discontinued operations, they should be read in conjunction with those
periodic reports as originally filed with the Securities and Exchange
Commission.
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
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(d)
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Exhibits
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23.1
-
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Consent
of Ernst & Young LLP – PPL Corporation
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|
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23.2
-
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Consent
of Ernst & Young LLP – PPL Energy Supply, LLC
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|
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23.3
-
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Consent
of PricewaterhouseCoopers LLP – PPL Corporation
|
|
|
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23.4
-
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Consent
of PricewaterhouseCoopers LLP – PPL Energy Supply, LLC
|
|
|
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99.1
-
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Selected
Financial Data; Management’s Discussion and Analysis of Financial
Condition and Results of Operation; and Financial Statements and
Supplementary Data of PPL and PPL Energy Supply for the year ended
December 31, 2006
|
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.
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PPL
CORPORATION
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|
|
|
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By:
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/s/
J. Matt Simmons, Jr.
|
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J.
Matt Simmons, Jr.
Vice
President and Controller
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PPL
ENERGY SUPPLY, LLC
|
|
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By:
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/s/
J. Matt Simmons, Jr.
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J.
Matt Simmons, Jr.
Vice
President and Controller
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Dated: June
21, 2007