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): March 28, 2008
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Commission
File
Number
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Registrant;
State of Incorporation;
Address and Telephone
Number
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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
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23-2758192
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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:
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[ ]
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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[ ]
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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[ ]
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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))
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Section
7 - Regulation FD
Item
7.01 Regulation FD Disclosure
On May 28, 2008, PPL Corporation ("PPL"
or the "Company") announced that on April 3, 2008, James H. Miller, Chairman,
President and Chief Executive Officer of PPL will participate in the
15th annual Morgan Stanley Global
Electricity & Energy Conference in New York City. At this conference, Mr. Miller will
make a Webcast presentation and discuss the Company's corporate strategy and
general business outlook with investors and financial analysts. A
copy of the press release announcing this presentation and Webcast is attached
as Exhibit 99.1 and incorporated herein by reference. In addition,
copies of the slides for this presentation are attached as Exhibit 99.2 and
incorporated herein by reference. A copy of the Webcast also will be
available for 30 days on PPL's Internet Web site: www.pplweb.com.
During this conference, it is expected
that Mr. Miller will reaffirm the Company’s previously announced earnings
forecasts of $2.35 to $2.45 per share for 2008 and 2010 earnings per share of
$4.00 to $4.60.
In
addition to this conference, representatives of PPL will be discussing the
Company’s business outlook with and making presentations to financial analysts
and investors through April 30, 2008. Unless it publicly discloses
otherwise, PPL expects that during these meetings and discussions it will
reaffirm the Company’s earnings forecasts.
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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99.1
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March 28, 2008 press release
announcing PPL presentation at the 15th annual Morgan Stanley Global
Electricity & Energy Conference on Thursday, April 3 in New York
City.
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99.2
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Slides to be used with the
presentation by PPL’s Chairman, President and CEO at the
15th annual Morgan
Stanley Global Electricity & Energy Conference on Thursday, April 3 in
New York City.
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“Earnings
from ongoing operations” excludes the impact of special items. Special items
include charges, credits or gains that are unusual or non-recurring and the
mark-to-market impact of energy-related, non-trading economic hedges. The
mark-to-market impact of these hedges is economically neutral to the company in
that offsetting gains or losses on underlying accrual positions will be
recognized as energy is delivered over the terms of the contracts. 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.
Statements
contained in this Form 8-K, including statements with respect to future
earnings, 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; 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 severe or changing weather or other natural
or other disasters on PPL and its subsidiaries, 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; any impact of state, federal or
foreign investigations applicable to PPL Corporation and its subsidiaries and
the energy industry; capital market 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; disposition proceeds; 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 Annual Report on Form 10-K and
other reports on file with the Securities and Exchange Commission.
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.
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PPL
CORPORATION
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By:
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/s/
Paul A. Farr
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Paul
A. Farr
Executive
Vice President and Chief Financial Officer
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Dated: March
31, 2008