0000922224-17-000083.txt : 20171130 0000922224-17-000083.hdr.sgml : 20171130 20171130081121 ACCESSION NUMBER: 0000922224-17-000083 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20171130 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20171130 DATE AS OF CHANGE: 20171130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL Corp CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 171229961 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 BUSINESS PHONE: 610-774-5151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PPL CORP DATE OF NAME CHANGE: 20000214 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 8-K 1 ppl113020178k.htm 8-K Document


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):  November 30, 2017

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
 
 
 

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))

Indicate by 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). Emerging growth 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. [  ]




Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On November 30, 2017, PPL Corporation ("PPL" or the "Company") issued a press release announcing the publication of its assessment ("Climate Assessment") of the long-term impacts on PPL's portfolio, of public policies and technological advances that are consistent with limiting global warming to no more than two degrees Celsius over pre-industrial levels. The Climate Assessment was prepared in response to the request of PPL's shareowners, approved at the Company's May 17, 2017 Annual Meeting of Shareowners. A copy of the press release is furnished as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
 
Exhibits
 
 
 
 
 
 
 
 
 
99.1 -
Press Release, dated November 30, 2017, announcing the publication of PPL's Climate Assessment.



 





SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
PPL CORPORATION
 
 
 
 
 
By:
/s/ Stephen K. Breininger
 
 
 
Stephen K. Breininger
Vice President and Controller
 




Dated:  November 30, 2017

EX-99.1 2 exhibit991.htm EXHIBIT 99.1 Exhibit



Exhibit 99.1
news release
 
ppllogo.jpg
www.pplnewsroom.com
 
 
 

Contacts:
For news media: Ryan Hill, 610-774-5997
For financial analysts: Lisa Pammer, 610-774-3316



PPL Corporation Anticipates Substantial Declines in its Carbon Dioxide Emissions by 2050
Reductions outlined in report on climate risks and opportunities

ALLENTOWN, Pa. (Nov. 30, 2017) -- PPL Corporation (NYSE:PPL) anticipates its generation-related carbon dioxide emissions will decline substantially by 2050 as its Kentucky utilities retire aging coal units and replace them with natural gas and renewable generation.
The company's Climate Assessment report, issued Thursday (11/30), concludes that carbon dioxide (CO2) reductions of 45-90 percent are likely at PPL's Kentucky power plants by 2050 even without CO2 regulation (PPL's U.K. and Pennsylvania utilities do not generate power). Whether reductions tilt more to the high or low end of that range will depend largely on the share of natural gas versus renewable generation in the replacement mix.
"Any way we look at it, we expect emissions to decline sharply by 2050," said William H. Spence, chairman, president and Chief Executive Officer for PPL Corporation. "And in the long run, that supports efforts to advance a cleaner energy future."
Spence said the company's report considers three different scenarios in potential CO2 reductions from its Kentucky segment through 2050. These scenarios include potential reductions absent any CO2 regulation, reductions assuming targets consistent with the Clean Power Plan and finally, reductions through 2050 consistent with limiting the global temperature increase to no more than 2-degrees Celsius by 2100.
"Although we can't predict what future legal and policy requirements may exist, we believe PPL's expected carbon dioxide reductions by 2050 could satisfy what may be needed by that time under a scenario consistent with limiting the global temperature increase to no more than 2-degrees Celsius," Spence said.
In addition to assessing potential emissions declines, the company's report also discusses climate-related risks and opportunities that may impact all of PPL's businesses, actions the




company is taking to identify and manage risk, and PPL's efforts to advance a sustainable energy future.
"While we own generation in Kentucky, the vast majority of our business is focused solely on delivering power," Spence said. "More than 80 percent of our earnings were driven by our energy delivery businesses in the United Kingdom and Pennsylvania in 2016. These businesses, along with our Kentucky operations, continue to look for new ways to support a cleaner energy future."
Spence said PPL's actions include connecting renewable generation, researching clean energy technologies, building a smarter, more dynamic, more resilient grid and helping customers conserve electricity. Highlights are included in the Climate Assessment report, which can be found at www.pplweb.com/investors. Additional information can be found in PPL's Sustainability Report at www.pplsustainability.com.
"As we plan for the future, we regularly assess the risks and opportunities associated with climate change," Spence said. "From strengthening grid resiliency to better withstand severe weather to investing in new technology that enables more distributed energy resources, PPL is effectively managing climate risks and seizing opportunities, where appropriate. We will continue to do so as we look to preserve and grow shareowner value moving forward."
Headquartered in Allentown, Pa., PPL Corporation (NYSE: PPL) is one of the largest companies in the U.S. utility sector. PPL's seven high-performing, award-winning utilities serve 10 million customers in the United States and United Kingdom. With about 13,000 employees, PPL is dedicated to providing exceptional customer service and reliability and delivering superior value for shareowners. To learn more, visit www.pplweb.com.

# # #

Note to Editors: Visit our media website at www.pplnewsroom.com for additional news and background about PPL Corporation.



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