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 26,
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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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
September 2-4, 2008, members of senior management of PPL Corporation ("PPL" or
the "Company") will participate in the Lehman Brothers CEO Energy/Power
Conference in New York City. During this Conference, on Wednesday,
September 3, 2008, James H. Miller, chairman, president and chief executive
officer of PPL, 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 Webcast is attached as
Exhibit 99.1 and is incorporated herein by reference. In addition, a
copy of the slides for this presentation is attached as Exhibit 99.2 and is
incorporated herein by reference. The slides also will be available
for 30 days on PPL's Internet Web site: www.pplweb.com.
During
this Conference, it is expected that PPL representatives will reaffirm the
Company’s previously announced 2008 earnings forecasts of $2.17 to $2.27 per
share from ongoing operations and $2.25 to $2.35 per share from reporting
earnings, reflecting special items recorded through June 30, 2008, as well
as its previously announced 2010 earnings forecast of $4.00 to $4.60 per
share.
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 throughout September 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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August
26, 2008 press release announcing PPL's presentation at Lehman Brothers
CEO Energy/Power Conference in New York City.
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99.2
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Slides
to be used with the presentation by members of PPL’s senior management at
the Lehman Brothers CEO Energy/Power Conference 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 nonrecurring.
Special items also include the mark-to-market impact of energy-related,
non-trading economic hedges and impairments of securities in PPL’s nuclear
decommissioning trust funds. The mark-to-market impact of these hedges is
economically neutral to the company because the mark-to-market gains or losses
on the energy hedges will reverse as the hedging contracts settle in the future.
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, energy prices, margins and sales,
growth, revenues, expenses and pension costs, marketing performance, regulation,
corporate strategy, and generating capacity and performance, are
“forward-looking statements” within the meaning of the federal securities
laws. Although PPL 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; weather conditions affecting customer energy usage and
operating costs; competition in power markets; the effect of any business or
industry restructuring; the profitability and liquidity of PPL and its
subsidiaries; new accounting requirements or new interpretations or applications
of existing requirements; operating performance of plants and other facilities;
environmental conditions and requirements and the related costs of compliance,
including environmental capital expenditures and emission allowance and other
expenses; system conditions and operating costs; development of new projects,
markets and technologies; performance of new ventures; asset acquisitions and
dispositions; any impact of hurricanes or other severe weather on our business,
including any impact on fuel prices; receipt of necessary government permits,
approvals and rate relief; capital market conditions and decisions regarding
capital structure; the impact of state, federal or foreign investigations
applicable to PPL and its subsidiaries; the outcome of litigation against PPL
and its subsidiaries; stock price performance; the market prices of equity
securities and the impact on pension income and resultant cash funding
requirements for defined benefit pension plans; the securities and credit
ratings of PPL and its subsidiaries; political, regulatory or economic
conditions in states, regions or countries where PPL or its subsidiaries conduct
business, including any potential effects of threatened or actual terrorism or
war or other hostilities; foreign exchange rates; new state, federal or foreign
legislation, including new tax legislation; and the commitments and liabilities
of PPL and its subsidiaries. Any such forward-looking statements should be
considered in light of such important factors and in conjunction with PPL's 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/
J. Matt Simmons, Jr.
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J.
Matt Simmons, Jr.
Vice
President and Controller
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Dated:
August 29, 2008