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 4, 2014

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
     
1-32944
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

On September 4, 2014, PPL Corporation and PPL Energy Supply, LLC ("PPL Energy Supply") issued a press release announcing that the Montana Public Service Commission had voted to prepare an order approving PPL Energy Supply's September 26, 2013 agreement with NorthWestern Corporation ("NorthWestern") to sell to NorthWestern 11 of PPL Energy Supply's hydro-electric generating facilities located in Montana.

A copy of the press release is filed as Exhibit 99.1 to this Report.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

 
(d)
  
Exhibits
  
         
     
99.1 -
Press Release, dated September 4, 2014, announcing a vote by the Montana Public Service Commission to prepare an order to approve PPL Energy Supply's agreement to sell to NorthWestern 11 hydro-electric generating stations located in Montana.

 
 
 
 
SIGNATURES

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/ Stephen K. Breininger
  
   
Stephen K. Breininger
Controller
 
  
 
PPL ENERGY SUPPLY, LLC
       
 
By:
/s/ Stephen K. Breininger
  
   
Stephen K. Breininger
Controller
  




Dated:  September 5, 2014
form8k-exhibit99_1.htm
Exhibit 99.1





Contact:
David Hoffman,  406-431-6783
 
PPL Montana

PPL Montana agreement to sell hydroelectric facilities wins key regulatory approval
Montana Public Service Commission approves transaction with NorthWestern Energy


ALLENTOWN, Pa. (Sept. 4, 2014) -- PPL Montana’s agreement to sell its hydroelectric facilities to NorthWestern Energy Corporation cleared a major milestone on Thursday (9/4) when the Montana Public Service Commission voted to prepare an order approving NorthWestern Energy’s request to purchase the facilities.
The agreement includes PPL Montana’s 11 hydroelectric power plants, which have a combined generating capacity of more than 630 megawatts, as well as the company’s Hebgen Lake reservoir.
“The decision keeps us on track to close the transaction promptly and to deliver attractive value to PPL shareowners,” said William H. Spence, chairman, president and Chief Executive Officer of PPL Corporation (NYSE: PPL), which owns PPL Montana.
The PSC is expected to issue the final order later this month.
Prior to the PSC’s decision, PPL Montana and NorthWestern had secured required approvals from the Federal Energy Regulatory Commission, as well as the necessary clearance from the antitrust enforcement agencies. In its actions, FERC approved the transfer of PPL Montana’s hydroelectric generating stations and its hydroelectric operating licenses to NorthWestern upon close of the transaction.
Before the transaction can close, NorthWestern must file with FERC and obtain routine approval of certain financing transactions. FERC review of that filing is expected to take 30-60 days.
The purchase price for the hydroelectric generating facilities is $900 million in cash, subject to certain adjustments. PPL Corporation estimates its total net cash proceeds of the sale will be approximately $880 million.
The agreement does not include PPL Montana’s interest in the Colstrip facility or its J.E. Corette coal-fired facility located near Billings. PPL Montana has announced that it intends to mothball the 153-megawatt Corette plant in April 2015. It also does not include the Butte-based marketing and trading operations of PPL Montana’s affiliate, PPL EnergyPlus, LLC.
PPL Montana’s hydroelectric facilities include its Thompson Falls Dam on the Clark Fork River; Kerr Dam on the Flathead River; Madison Dam on the Madison River; Mystic Lake Dam on West Rosebud Creek; and Hauser, Holter, Black Eagle, Rainbow, Cochrane, Ryan and Morony dams along the Missouri River.
PPL Corporation, with 2013 revenues of $12 billion, is one of the largest companies in the U.S. utility sector. The PPL family of companies delivers electricity and natural gas to about 10 million customers in the United States and the United Kingdom. PPL recently announced an agreement to combine its competitive generation company with the competitive generation business of Riverstone Holdings LLC to form Talen Energy Corporation, a highly competitive independent power producer.  More information is available at www.pplweb.com.


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