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): April 6, 2009
|
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
1 - Registrant's Business and Operations
Item
1.01 Entry into a Material Definitive Agreement
Section
2 - Financial Information
Item
2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant
On April
6, 2009, the Pennsylvania Economic Development Financing Authority (the
“Authority”) issued (i) $100,000,000 principal amount of its Exempt Facilities
Revenue Refunding Bonds, Series 2009A (PPL Energy Supply, LLC Project) (the
“2009A Bonds”), (ii) $50,000,000 aggregate principal amount of its Exempt
Facilities Revenue Refunding Bonds, Series 2009B (PPL Energy Supply, LLC
Project) (the “2009B Bonds”) and (iii) $80,570,000 aggregate principal amount of
its Exempt Facilities Revenue Refunding Bonds, Series 2009C (PPL Energy Supply,
LLC Project) (the “2009C Bonds” and, together with the 2009A Bonds and the 2009B
Bonds, the “Bonds”) on behalf of PPL Energy Supply, LLC (the “Company”) in order
to refund outstanding series of Authority bonds previously issued on behalf of
the Company. The proceeds of (i) the 2009A Bonds were used to refund
the outstanding $100,000,000 Pennsylvania Economic Development Financing
Authority Exempt Facilities Revenue Bonds Series 2008A (PPL Energy Supply, LLC
Project), (ii) the 2009B Bonds were used to refund the outstanding $50,000,000
Pennsylvania Economic Development Financing Authority Exempt Facilities Revenue
Bonds Series 2008B (PPL Energy Supply, LLC Project) and (iii) the 2009C Bonds
were used to refund the outstanding $80,570,000 Pennsylvania Economic
Development Financing Authority Exempt Facilities Revenue Bonds Series 2007 (PPL
Energy Supply, LLC Project).
The
Authority has loaned the proceeds of each series of Bonds to the Company
pursuant to a separate Exempt Facilities Loan Agreement dated as of April 1,
2009 (each, an “Agreement” and, collectively, the “Agreements”) between the
Company and the Authority. Pursuant to each Agreement, the Company is
obligated to make payments in such amounts and at such times as will be
sufficient to pay, when due, the principal of, premium, if any, and interest on,
the related series of Bonds. Concurrently with the issuance of each
series of Bonds, the Company delivered to the Trustee (as defined below) a
separate unsecured promissory note corresponding to such series of Bonds (each,
a “Note” and, collectively, the “Notes”) in a principal amount corresponding to
the principal amount of such series of Bonds. The Notes contain
principal, interest and prepayment provisions corresponding to the principal,
interest and redemption provisions of the respective series of
Bonds. In addition, concurrently with and as a condition to the
issuance of each series of Bonds, the Company caused Wachovia Bank, National
Association, to issue a separate direct-pay letter of credit (each, a “Letter of
Credit” and collectively, the “Letters of Credit”) in favor of the Trustee which
will permit the Trustee to draw amounts to pay principal of and interest on, and
the purchase price of, the Bonds when due. The Letters of Credit were
issued pursuant to the $3,400,000,000 Second Amended and Restated Five-Year
Credit Agreement (the “Credit Agreement”), dated as of May 4, 2007, among the
Company, the Lenders Party thereto and Wachovia Bank, National Association, as
Administrative Agent. Pursuant to the Credit Agreement, the Company
is required to reimburse any draws on the Letter of Credit within one business
day of such draw.
Each
series of Bonds was issued under a separate Trust Indenture, dated as of April
1, 2009 (each, an “Indenture” ), between the Authority and The Bank of New York
Mellon Trust Company, N.A., as trustee (the “Trustee”).
The
method of determining the interest rate on the Bonds may be converted from time
to time, in accordance with the applicable Indenture to a daily rate, a
commercial paper rate, a weekly rate, or a term rate. The method of
determining the interest rate with respect to the Series 2009A Bonds and the
Series 2009B Bonds may be converted following the end of the Initial Rate Period
for each such series. The Series 2009A Bonds were issued bearing
interest at an initial interest rate of 0.90% per annum through June 30, 2009,
and will be subject to mandatory tender for purchase at par on July 1,
2009. The Series 2009B Bonds were issued bearing interest at an
initial interest rate of 1.25% per annum through September 30, 2009, and will be
subject to mandatory tender for purchase at par on October 1,
2009. The Series 2009C Bonds were issued bearing interest at a weekly
rate.
The Bonds
are subject to optional and extraordinary optional redemption prior to maturity,
and to optional and mandatory tender for purchase and remarketing in certain
circumstances, all as described in the Indenture. The Bonds are also
subject to special mandatory redemption upon a determination that the interest
on the Bonds would be included in the holders’ gross income for federal income
tax purposes. Any such special mandatory redemption would also be at
a redemption price of 100% of the principal amount thereof, without premium,
plus accrued interest, if any, to the redemption date.
The
Agreements relating to each series of Bonds are filed with this report as
Exhibits 4(a), 4(b) and 4(c).
Section
9 - Financial Statements and Exhibits
Item
9.01 Financial Statements and Exhibits
|
|
(d)
|
|
Exhibits
|
|
|
|
|
|
|
|
|
|
|
|
4(a)
-
|
Series
2009A Exempt Facilities Loan Agreement, dated as of April 1, 2009, between
PPL Energy Supply, LLC and Pennsylvania Economic Development Financing
Authority.
|
|
|
|
|
4(b)
-
|
Series
2009B Exempt Facilities Loan Agreement, dated as of April 1, 2009, between
PPL Energy Supply, LLC and Pennsylvania Economic Development Financing
Authority.
|
|
|
|
|
4(c)
-
|
Series
2009C Exempt Facilities Loan Agreement, dated as of April 1, 2009, between
PPL Energy Supply, LLC and Pennsylvania Economic Development Financing
Authority.
|
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/
J. Matt Simmons, Jr.
|
|
|
|
|
J.
Matt Simmons, Jr.
Vice
President and Controller
|
|
|
|
PPL
ENERGY SUPPLY, LLC
|
|
|
|
|
|
|
|
By:
|
/s/
J. Matt Simmons, Jr.
|
|
|
|
|
J.
Matt Simmons, Jr.
Vice
President and Controller
|
|
Dated: April
9, 2009
Ppl Energy Supply, Llc (NYSE:PLS)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Ppl Energy Supply, Llc (NYSE:PLS)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024
