PPL 8K 5-13-05

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):  May 13, 2005

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
     
333-74794
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 May 13, 2005, an indirect, wholly owned subsidiary of PPL Energy Supply, LLC (“PPL Energy Supply”), which is an indirect, wholly owned subsidiary of PPL Corporation (“PPL”), completed the previously announced sale of its 450-megawatt Sundance power plant located in Pinal County, Arizona to Arizona Public Service Company for approximately $190 million in cash. Proceeds of the sale are expected to be used to reduce the companies’ outstanding debt and improve their liquidity. PPL and PPL Energy Supply will recognize a non-cash, loss on sale charge of approximately $47 million after taxes (or $0.25 per share for PPL) in the second quarter of 2005 related to this transaction.

 


SIGNATURE

        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/ Paul A. Farr                          
Paul A. Farr
Vice President and Controller
   
 
PPL ENERGY SUPPLY, LLC
     
 
By:
/s/ Paul A. Farr                          
Paul A. Farr
Vice President and Controller



Dated: May 13, 2005