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 15, 2017
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)) | |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
On September 15, 2017, the Office of Gas and Electricity Markets, "Ofgem", in the United Kingdom announced a reduction in certain allowances previously granted to distribution network operators relating to the 2010 to 2015 distribution price control period, generally referred to as DPCR5. The effect of the reduction on PPL Corporation's ("PPL" or the "Company") Western Power Distribution subsidiaries is consistent with PPL's expectations and was already incorporated in the Company's earnings forecasts. Consequently, the announced reductions will not have any impact on PPL's 2017 forecast of reported earnings of $1.92 to $2.12 per share, reflecting special items recorded through the second quarter of 2017, the 2017 forecast of ongoing earnings of $2.05 to $2.25 per share with a midpoint of $2.15 per share, or its expected compound annual earnings per share growth rate of 5% to 6% from 2017 through 2020.
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/ Stephen K. Breininger | ||
Stephen K. Breininger Vice President and Controller | |||
Dated: September 15, 2017