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): November 3, 2006

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))

Section 7 - Regulation FD

Item 7.01 Regulation FD Disclosure

On November 7, 2006 at 12:00 p.m. (Eastern Standard Time), members of senior management of PPL Corporation ("PPL") will make a presentation to investors and financial analysts at the Edison Electric Institute’s annual financial conference in Las Vegas, Nevada. James H. Miller, PPL’s Chairman, President and Chief Executive Officer, will discuss PPL’s corporate strategy, growth opportunities and general business outlook.

A copy of the slides to be used during the presentation is attached as Exhibit 99.1 and is incorporated herein by reference. The presentation will be available live, in audio format, along with the slides, on PPL's Internet Web site: www.pplweb.com. The webcast of the teleconference will be available for replay on PPL's Web site for 30 days.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	Slides to be used at the November 7, 2006 presentation by members of PPL’s senior management at the Edison Electric Institute’s annual financial conference in Las Vegas, Nevada

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/ Matt Simmons                                                      Matt Simmons Vice President and Controller

Dated:November 3, 2006

EX-99.1

EEI Conference

November 5-8, 2006

Exhibit 99.1

PPL Corporation(NYSE: PPL) is a Fortune 500 company with headquarters in Allentown, Pa.  The Company’s

diversified corporate strategy is to achieve growth in energy supply margins while limiting volatility in both cash
flows and earnings and to achieve stable, long-term growth in regulated delivery businesses through efficient
operations and strong customer and regulatory relations.  The strategy is carried out through four principal
subsidiaries:

PPL EnergyPlus, which markets energy in key U. S. markets.

PPL Generation, which operates more than 11,000 megawatts of electricity generating capacity in Pennsylvania,

Montana, Maine, Illinois, New York and Connecticut, with an additional 395 megawatts of planned upgrade
projects.

PPL Electric Utilities, which delivers electricity to 1.4 million customers in Pennsylvania.

PPL Global, which delivers electricity to 3.7 million customers in the United Kingdom and Latin America.

Security Ratings

                                                            Moody’s              S&P                 Fitch

PPL Corp.

  Corporate Credit Rating                    Baa2                   BBB                   None

PPL Capital Funding, Inc.

  Medium Term Notes                          Baa2                   BBB-                  BBB

PPL Electric Utilities Corp.

  First Mortgage Bonds

   Senior Secured Bonds                     A3                        A-                     A-

PPL Energy Supply

   Senior Unsecured Notes                  Baa2                   BBB                   BBB+

WPD Holdings Limited

  Senior Unsecured Debt                     Baa3                   BBB-                 BBB-

WPD Operating Cos.

   Senior Unsecured Debt                    Baa1                  BBB+                 BBB+

See a complete list of all PPL rated companies in the appendix

Contacts

Timothy J. Paukovits

Director-Investor Relations

Phone: (610) 774-4124

Fax: (610) 774-5106

tjpaukovits@pplweb.com

Joseph P. Bergstein, Jr.

Financial Specialist

Phone: (610) 774-5609

Fax: (610) 774-5106

jpbergstein@pplweb.com

www.pplweb.com

PPL Facts

i

ii

Financial and Operating Information

($ in millions, except per share amounts)

Common Equity

Preferred Equity

Short-Term Debt

Long-Term Debt

     Total Capitalization

Total Assets

Operating Revenues

Reported Earnings Per Share – Diluted

Earnings Per Share From Ongoing Operations – Diluted

Market Price Per Share

Book Value Per Share

ROE – Reported

ROE – Earnings From Ongoing Operations

Common Shares Outstanding (thousands)

     End of Period

     Average – Diluted

Annualized Dividend Rate

Dividend Payout – Diluted, using annualized dividends

     Reported Earnings Per Share

     Earnings Per Share From Ongoing Operations

Electric Energy Sales – Domestic (millions of KWH)

     Retail Deliveries

     Retail Supply

     Wholesale Supply

          East

          West

Net System Capacity (thousands of KW)

Sept 2006

$5,090

301

43

   7,279

$12,713

$18,857

$6,670

$2.26

$2.28

$32.90

$13.34

18.60%

18.45%

381,506

385,955

$1.10

49%

48%

37,044

39,174

20,201

13,579

11,192

Sept 2005

$4,305

51

112

   6,766

$11,234

$17,763

$6,145

$1.75

$2.02

$32.33

$11.33

15.63%

17.91%

380,139

382,454

$0.92

53%

46%

36,974

38,991

22,239

12,403

11,822

                   (Unaudited)

             12 Months Ended              

Note:  See Appendix for the reconciliation of reported earnings per share and earnings from ongoing operations.

PPL Facts (cont.)

iii

Cautionary Statements And Factors That May Affect Future Results …………………………....

Growing Shareowner Value ……………………………………………………………………………

Executing Current Growth Plan ……………………………………………………………………….

Optimize Energy Marketing ……………………………………………………………………………

Growing the Generation Portfolio ……………………………………………………………………..

PPL’s Generation Portfolio …………………………………………………………………………….

Growing the Generation Portfolio ……………………………………………………………………..

Growing Shareowner Value ……………………………………………………………………………

Scrubbers on Budget and on Schedule ………………………………………………………………

PPL Proposal to Transition to Competitive Electricity Markets …………………………………….

Key Drivers of Margin Growth …………………………………………………………………………

Cash Flow Forecast …………………………………………………………………………………….

Stronger Balance Sheet ……………………………………………………………………………….

Dividend Payout Ratio Greater than 50% after 2006 ……………………………………………….

11% Long-Term Growth Rate …………………………………………………………………………

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Table of Contents

iv

Appendix

Market Prices ………………………………………………………………………………………………..….……

Current Hedge Positions – Electricity and Fuel …………………………………………………………………..

Increases in Generating Capacity …………………………………………………………….……………………

PPL Supply Business Overview ……………………………………………………………..……………………..

Proactive Coal Supply Management Supports Growth in Margins …………………………..…………………

Key Drivers/Challenges Through 2010 …………………………………………………………..………………..

Increasing Prices Under the POLR Contract ……………………………………………….…..…………………

New NorthWestern Contract Highlights ……………………………………………………………………………

Improving Cash from Operations ………………………………………………..……………..………..…………

Reconciliation of Cash from Operations to Free Cash Flow before Dividends ………………………………..

Reconciliation of GAAP Equity Ratios to Adjusted Equity Ratios …………………………..……………….…..

Capital Expenditures by Segment…………………………………………………………………………………..

Third Quarter Ongoing Earnings Overview …………………………………………………………………….….

Reconciliation of Third Quarter Reported Earnings and Earnings from Ongoing Operations (dollars) …….

Reconciliation of Third Quarter Reported Earnings and Earnings from Ongoing Operations (per share) …

Reconciliation of YTD Reported Earnings and Earnings from Ongoing Operations (dollars) ………………..

Reconciliation of YTD Reported Earnings and Earnings from Ongoing Operations (per share) …………….

Reconciliation of 12 Mos. Ending Reported Earnings and Earnings from Ongoing Operations (dollars) …..

Reconciliation of 12 Mos. Ending Reported Earnings and Earnings from Ongoing Operations (per share) ..

Reconciliation of PPL’s Reported Earnings and Earnings from Ongoing Operations …………………….…..

Credit Ratings …………………………………………………………………………………………….…………..

Credit Ratings (cont.) …………………………………………………………………………………………………

Forward-Looking Information Statement ………………………………………………………………….……….

Definitions of Financial Measures ……………………………………………………………………….………….

A-1

A-2

A-3

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A-5

A-6

A-7

A-8

A-9

A-10

A-11

A-12

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A-14

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A-24

Table of Contents (cont.)

1

Cautionary Statements And Factors

That May Affect Future Results

Any statements made in this presentation about future operating results or other future events
are forward-looking statements under the Safe
Harbor Provisions of the Private Securities
Litigation Reform Act of 1995.  Actual results
may differ materially from such forward-looking
statements.  A discussion of factors that could
cause actual results or events to vary is
contained in the Appendix to this presentation
and in the Company’s SEC filings.

To grow earnings and dividends to produce

superior shareowner returns

2

Growing Shareowner Value

n

Continued focus on execution of our current

growth plan

n

Extract additional value from our energy

marketing operations

n

Multi-faceted expansion of the generation

portfolio

Based on ongoing earnings and mid-point of forecast.

See appendix for reconciliation of reported earnings and earnings from ongoing operations.

3

Executing Current Growth Plan

n

2006  â 8% EPS growth over 2005

n

2007  â 4.5% EPS growth over 2006

n

2010  â 11% CAGR from 2005

4

Optimize Energy Marketing

n

   Expand marketing capabilities

n

   Active participant in energy and commodity

     markets

n

   Managing market, operational and financial

      risks

5

Growing the Generation Portfolio

n

Power uprates at our plants

n

Construct new plants

n

Acquire existing plants

PPL’s Generation Portfolio

Total Domestic Generation: 11,192 MW

Planned Generation Increases:      395 MW

  East                                     9,903 MW*

Nuclear Uprate  (2007-2010)       185

Hydro Expansion (2011)             125

Coal Uprate (2006-2009)               53

Coal                                             3,454*

Nuclear                                       2,120

Oil                                                1,722

Gas                                              1,524

Hydro                                             337

CTs                                                451

QFs                                                295

Coal                                              687

Hydro                                           602

   West                                 1,289 MW

Coal Uprate (2006-2008)              20

Hydro Uprate (2007)                     12

*Reflects reduction of 300 MW at Martins Creek that PPL has agreed to shut down by

 September 2007 and 60 MW expected lost due to increased plant usage during scrubber

 operation.

6

7

Growing the Generation Portfolio

n

Power uprates at our plants

n

Construct new plants

n

Acquire existing plants

To grow earnings and dividends to produce

superior shareowner returns

8

Growing Shareowner Value

n

Continued focus on execution of our current

growth plan

n

Extract additional value from our energy

marketing operations

n

Multi-faceted expansion of the generation

portfolio

In-Service Dates

Montour 1                     March 2008

Montour 2                     May 2008

Brunner Island 3           Q4-08

Brunner Island 1 & 2     Q2-09

9

Scrubbers on Budget and on Schedule

10

PPL Proposal to Transition to

Competitive Electricity Markets

n

Conduct procurements for 2010 POLR supply in March

and September of 2007, 2008 and 2009

n

Reduces the risk of customer exposure to price spikes

in wholesale markets

n

PUC approval would remove risk for PPL Electric Utilities by ensuring a pre-approved process is in place to reflect market prices in customer rates

n

PUC action expected in the first quarter of 2007

Supply Margins

(Millions)

11

Key Drivers of Margin Growth

Millions

Note:  See Appendix for the reconciliation of cash flow measures.

12

Cash Flow Forecast

Equity %

Note:  See Appendix for the reconciliation of GAAP equity to adjusted equity.  Does not reflect

any adjustment to reflect the impact of SFAS 158.

13

Stronger Balance Sheet

$/share

Annualized

Dividend Payout Ratio Greater than 50% after 2006 

14

 *   Midpoint of $2.20 to $2.30 ongoing earnings forecast.

**   Midpoint of $2.30 to $2.40 earnings forecast.

*** Earnings from ongoing operations - see Appendix for the per share reconciliation of reported

     earnings and earnings from ongoing operations.

*

**

Forecast

15

11% Long-Term Growth Rate

Appendix

A-1

(1) Market prices based on the average of broker quotes as of 9/30/2006.

(2) 24-hour average.

(3) NYMEX forward gas price on 9/30/2006.

Market Prices

A-2

A-2

Current Hedge Positions - Electricity and Fuel

A-3

Increases in Generating Capacity

Coal

39%

Gas/Oil

32%

Nuclear

18%

Hydro

8%

QFs

3%

Coal

56%

Gas/Oil

5%

Nuclear

31%

Hydro

8%

n

In 2006, 95% of our owned generation output

is expected to be produced at a fuel cost of
approximately $16/MWh or less.

PPL Supply Business Overview

Installed Capacity MW

Production GWh

A-4

A-5

Projected 2007 Coal Supply

Central

Appalachia

Southwest PA

Central PA

Powder

River
Basin

Montana

Mine-mouth

 Proactive Coal Supply Management

Supports Growth in Margins

21%

41%

12%

20%

6%

n

Supply region diversity

n

Fleet trains (1600 cars)

n

Average delivered costs

n

4%-5% annual increase 2006 to 2010

A-6

Key Drivers/Challenges Through 2010

n

Increased prices for POLR sales

n

Expiration of supply contracts remarketed at current forward

prices

n

Power plant uprates

n

Net benefits from the installation of scrubbers at the Montour and

Brunner Island coal-fired power plants

n

Increased fuel and O&M costs

n

Loss of synfuel tax credits and increased replacement coal costs

n

Cost of compliance with evolving environmental regulation

A-7

Increasing Prices Under the POLR Contract

A-8

New NorthWestern Contract Highlights

n

FERC reaffirmed PPL Montana’s market-based rate

authority

n

PPL Montana signed long-term electricity supply deal

with NorthWestern Energy

Period                   On-Peak Supply             Off-Peak Supply

    7/1/2007-6/30/2010              325 MW                           175 MW

    7/1/2010-6/30/2012              275 MW                           150 MW

    7/1/2012-6/30/2014              200 MW                           125 MW

n

Price of supply starts at $44.95/mwh and increases to

$52.95/mwh by end of seven-year agreement

Millions

Note:  See Appendix for the reconciliation of cash flow measures.

A-9

Improving Cash from Operations

(millions of dollars)

A-10

Reconciliation of Cash from Operations

to Free Cash Flows before Dividends  

A-11

Reconciliation of GAAP Equity Ratios
to Adjusted Equity Ratios

A-12

Millions

Capital Expenditures by Segment

(Dollars per Share)

Note:  See Appendix for the per share reconciliation of reported earnings and earnings from ongoing operations.

A-13

Third Quarter Ongoing Earnings Overview

A-14

(Millions of Dollars)

Reconciliation of Third Quarter Reported Earnings

and Earnings from Ongoing Operations

(Dollars Per Share)

A-15

Reconciliation of Third Quarter Reported Earnings

and Earnings from Ongoing Operations

(Millions of Dollars)

A-16

Reconciliation of YTD Reported Earnings and

Earnings from Ongoing Operations

(Dollars per Share)

A-17

Reconciliation of YTD Reported Earnings and

Earnings from Ongoing Operations

(Millions of Dollars)

A-18

Reconciliation of 12 Mos. Ending Reported

Earnings and Earnings from Ongoing Operations

(Dollars per Share)

A-19

Reconciliation of 12 Mos. Ending Reported

Earnings and Earnings from Ongoing Operations

A-20

Reconciliation of PPL’s Reported Earnings and

Earnings from Ongoing Operations

Credit Ratings

A-14

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Credit Ratings (cont.)

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Statements contained in this presentation, including statements with respect to future earnings, energy prices, margins and sales, growth, revenues, expenses and pension costs, cash flows, cash from operations, dividends,
credit profile, capital expenditures and generating capacity, are “forward-looking statements” within the meaning of
the federal securities laws. Although PPL Corporation believes that the expectations and assumptions reflected in
these forward-looking statements are reasonable, these statements involve a number of risks and uncertainties,
and actual results may differ materially from the results discussed in the statements. The following are among the
important factors that could cause actual results to differ materially from the forward-looking statements:  market
demand and prices for energy, capacity and fuel; market prices for crude oil and the potential impact on synthetic
fuel operations; synthetic fuel purchases from third parties and the phase-out of synthetic fuel credits; weather
conditions affecting generation production, customer energy usage and operating costs; competition in retail and
wholesale power markets; liquidity of wholesale power markets; the effect of any business or industry restructuring;
the profitability and liquidity, including access to capital markets and credit facilities, of PPL Corporation and its
subsidiaries; new accounting requirements or new interpretations or applications of existing requirements;
operation and availability of existing generation facilities and operating costs; transmission and distribution system
conditions and operating costs; current and future environmental conditions and requirements and the related
costs of compliance, including environmental capital expenditures and emission allowance and other expenses;
significant delays in the planned installation of pollution control equipment at certain coal-fired generating units in
Pennsylvania due to weather conditions, contractor performance or other reasons; development of new projects,
markets and technologies; performance of new ventures; asset acquisitions and dispositions; political, regulatory
or economic conditions in states, regions or countries where PPL Corporation or its subsidiaries conduct business;
any impact of  hurricanes or other severe weather on PPL Corporation’s business, including any impact on fuel
prices; receipt of necessary governmental permits, approvals and rate relief; new state, federal or foreign
legislation, including new tax legislation; state, federal and foreign regulatory developments; the impact of any
state, federal or foreign investigations applicable to PPL Corporation and its subsidiaries and the energy industry;
capital markets conditions, including changes in interest rates, and decisions regarding capital structure; stock
price performance of PPL Corporation; the market prices of equity securities and the impact on pension costs and
resultant cash funding requirements for defined benefit pension plans; securities and credit ratings; foreign
currency exchange rates; the outcome of litigation against PPL Corporation and its subsidiaries; potential effects
of threatened or actual terrorism or war or other hostilities; and the commitments and liabilities of PPL Corporation
and its subsidiaries. Any such forward-looking statements should be considered in light of such important factors
and in conjunction with PPL Corporation’s Form 10-K and other reports on file with the Securities and Exchange
Commission.

A-23

Forward-Looking Information Statement

“Earnings from ongoing operations” excludes the impact of unusual items. Earnings from ongoing operations should not be considered as an alternative to reported earnings, or net income, which is an indicator of
operating performance determined in accordance with generally accepted accounting principles (GAAP). PPL
believes that earnings from ongoing operations, although a non-GAAP measure, is also useful and
meaningful to investors because it provides them with PPL’s underlying earnings performance as another
criterion in making their investment decisions. PPL’s management also uses earnings from ongoing
operations in measuring certain corporate performance goals. Other companies may use different measures
to present financial performance.

“Free cash flow before dividends” is derived by deducting capital expenditures and other investing activities-net, as well as the repayment of transition bonds, from cash flow from operations.  Free cash flow
before dividends should not be considered as an alternative to cash flow from operations, which is
determined in accordance with GAAP. PPL believes that free cash flow before dividends is an important
measure to both management and investors since it is an indicator of the company’s ability to sustain
operations and growth without additional outside financing beyond the requirement to fund maturing debt
obligations. Other companies may calculate free cash flow before dividends in a different manner.

“Equity to total capitalization ratio” includes as equity minority interest and preferred stock, as well as all of the components of common equity as presented on the balance sheet. Total capitalization is calculated as
equity plus short-term debt plus long-term debt as presented on the balance sheet.

“Adjusted equity to total capitalization ratio” excludes transition bonds issued by PPL Transition Bond Company, LLC, under the Pennsylvania Electricity Generation Customer Choice and Competition Act and
excludes debt of international affiliates, which are non-recourse to PPL. The adjusted equity to total
capitalization ratio should not be considered as an alternative to an equity to total capitalization ratio using
debt and equity balances as reflected on the balance sheet. PPL believes that this adjusted equity ratio is
useful to investors because it provides them with another indicator of credit quality. The adjusted equity to
total capitalization ratio focuses primarily on debt that is recourse to PPL, whether the debt is on or off
balance sheet. Other companies may present adjusted equity ratios in a different manner. 

A-24

Definitions of Financial Measures