ppl8k.htm

0000922224-07-000097.txt : 20070827 0000922224-07-000097.hdr.sgml : 20070827 20070827150501 ACCESSION NUMBER: 0000922224-07-000097 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070827 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070827 DATE AS OF CHANGE: 20070827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL CORP CENTRAL INDEX KEY: 0000922224 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 232758192 STATE OF INCORPORATION: PA FISCAL YEAR END: 0330 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11459 FILM NUMBER: 071080608 BUSINESS ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 181011179 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO N NINTH ST CITY: ALLENTOWN STATE: PA ZIP: 18101-1179 FORMER COMPANY: FORMER CONFORMED NAME: PP&L RESOURCES INC DATE OF NAME CHANGE: 19941123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPL ENERGY SUPPLY LLC CENTRAL INDEX KEY: 0001161976 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-32944 FILM NUMBER: 071080609 BUSINESS ADDRESS: STREET 1: TWO NORTH NINETH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101 BUSINESS PHONE: 6107745151 MAIL ADDRESS: STREET 1: TWO NORTH NINTH STREET CITY: ALLENTOWN STATE: PA ZIP: 18101 8-K 1 ppl8k.htm PPL CORPORATION FORM 8-K 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): August 24, 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

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)
[ ]		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 8 - Other Events

Item 8.01 Other Events

Sale of Telecommunications Subsidiary

On August 24, 2007, PPL Corporation (“PPL”) issued a press release announcing completion of the previously announced sale of its telecommunications subsidiary, PPL Telcom, LLC (“PPL Telcom”), to Zayo Bandwidth, Inc., a wholly owned subsidiary of Communications Infrastructure Investments, LLC. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits

	99.1 -	Press release, dated August 24, 2007, announcing completion of the sale of PPL’s telecommunications subsidiary.

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

	By:	/s/ Paul A. Farr
		Paul A. Farr Executive Vice President and Chief Financial Officer

	PPL ENERGY SUPPLY, LLC

	By:	/s/ Paul A. Farr
		Paul A. Farr Executive Vice President

Dated: August 27, 2007

EX-99.1 2 ppl8kexhibit99-1.htm EXHIBIT 99.1 ppl8kexhibit99-1.htm

Exhibit 99.1

www.pplnewsroom.com

Contact:	For news media – George Biechler, 610-774-5997
	For financial analysts – Tim Paukovits, 610-774-4124

PPL Completes Sale of Telecommunication Subsidiary

ALLENTOWN, Pa. (Aug. 24, 2007) -- PPL Corporation (NYSE: PPL) has completed the sale of its PPL Telcom subsidiary to Zayo Bandwidth Inc. of Louisville, Colo.

Zayo, a wholly owned subsidiary of Communications Infrastructure Investments, LLC, has acquired PPL Telcom for an enterprise value of $60 million, which includes the assumption of approximately $10 million of debt. PPL realized approximately $47 million in net proceeds from the transaction.

As previously reported, PPL recorded special after-tax charges in the first and second quarters of 2007 totaling $20 million, or 5 cents per share, related to the sale of PPL Telcom. PPL expects to record an additional special item charge of approximately 1 cent per share in the third quarter of 2007 related to the sale. The company said the PPL Telcom sale will have no effect on PPL Corporation’s current 2007 forecast of earnings from ongoing operations.

UBS Investment Bank acted as PPL’s financial advisor on the sale of PPL Telcom.

PPL Telcom provides broadband connectivity for telecommunication companies, wireless and Internet service providers, and large businesses and institutions. Located in the mid-Atlantic region, PPL Telcom’s network has more than 4,000 route miles of fiber with advanced optical systems and provides service to customers throughout the northeast corridor from New York to Washington, D.C.

PPL Corporation, headquartered in Allentown, Pa., controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to more than 4 million customers in Pennsylvania, the United Kingdom and Chile. More information is available at www.pplweb.com.

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