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):  September 2, 2010

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 8 - Other Events

Item 8.01 Other Events

On September 2, 2010, PPL Corporation (“PPL” or the “Company”) announced that it had entered into a settlement agreement (“Agreement”) with all of the intervening parties to its joint application (“Joint Application”) to the Kentucky Public Service Commission (“KPSC”) for approval of the acquisition by PPL of ownership and control of Louisville Gas and Electric Company (“LG&E”) and Kentucky Utilities Company (“KU”) pursuant to PPL’s April 28, 2010 agreement to acquire E.ON U.S. LLC, the sole owner of LG&E and KU.  The Joint Application was filed by PPL, E.ON AG, E.ON US Investments Corp., E.ON U.S. LLC, LG&E and KU.  The Agreement is subject to the approval of the KPSC.

A copy of the Company’s press release announcing the Agreement is filed herewith as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)	Exhibits
	99.1 -	Press Release, dated September 2, 2010, announcing a settlement agreement among all intervening parties to PPL Corporation’s joint application for approval to acquire ownership and control of Louisville Gas and Electric Company and Kentucky Utilities Company.

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/ Vincent Sorgi
	Vincent Sorgi Vice President and Controller

Dated:  September 2, 2010

EX-99.1

Exhibit 99.1

Contact:     Dan McCarthy, 610-774-5758

PPL Corporation

Two N. Ninth St.

Allentown, PA 18101

Fax 610-774-5281

Settlement Reached in Kentucky

Review of PPL’s Proposed Acquisition of E.ON U.S.

ALLENTOWN, PA (Sept. 2, 2010) – PPL Corporation (NYSE: PPL) announced Thursday (9/2) that it has reached a settlement agreement with all the intervening parties in its Kentucky application to acquire E.ON U.S., the parent company of Louisville Gas and Electric Co. and Kentucky Utilities.

“We are very pleased to reach this agreement, which is a significant step forward in our efforts to close this transaction by the end of this year,” said James H. Miller, chairman, president and chief executive officer of PPL. “The settlement addresses the concerns of the various parties while preserving the value of the transaction.”

The settlement was filed Thursday with the Kentucky Public Service Commission for review and approval. The commission is expected to make a final decision on the acquisition application by Sept. 30.

In the settlement, PPL agreed that LG&E and KU would commit that no base rate increases would take effect before Jan. 1, 2013. The LG&E and KU rate increases that took effect on Aug. 1 of this year will remain in place.

Under the terms of the settlement, the companies retain the right to seek approval for the deferral of “extraordinary and uncontrollable costs.” Interim rate adjustments will continue to be permissible during that period for existing fuel, environmental and demand-side management cost trackers.

The agreement also substitutes an Acquisition Savings Shared Deferral mechanism for the requirement that the companies file a synergies plan with the commission. This mechanism, which will be in place for the earlier of five years or until the first day of the year in which a base rate increase becomes effective, permits the companies to earn up to a 10.75 percent return on equity. Any earnings above a 10.75 percent return on equity will be shared with customers on a 50:50 basis.

The settlement also affirms commitments from the companies regarding community support and low-income programs while also addressing other specific issues raised by the parties to the case.

“We are hopeful that the Kentucky PSC will agree with the parties to this settlement and conclude this acquisition is consistent with the public interest,” said Miller.

Since announcing the transaction in early May, PPL has successfully completed offerings of common stock and equity units totaling about $3.5 billion, which will be applied to pay a portion of the purchase price for the acquisition.

              In August, the acquisition received antitrust clearance from the Federal Trade Commission and the U.S. Department of Justice.

In addition to the Kentucky PSC approval, the acquisition requires approvals by the Tennessee Regulatory Authority, the Virginia State Corporation Commission and the Federal Energy Regulatory Commission.

E.ON U.S., through LG&E and KU, provides electricity service to 941,000 customers, mostly in the state of Kentucky, with some customers in Virginia and Tennessee. LG&E also provides natural gas delivery service to 321,000 customers in Kentucky. E.ON U.S. has about 3,100 employees and owns and operates about 8,000 megawatts of regulated electric generation capacity.

PPL Corporation, headquartered in Allentown, Pa., owns or controls nearly 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom. The company has about 10,000 employees.

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Note to Editors: Visit PPL’s media Web site at www.pplnewsroom.com for additional news and background about the corporation and its subsidiaries.