Exhibit
4(c)


PPL ELECTRIC UTILITIES CORPORATION


 


TO


The
Bank of New York Mellon




Trustee


 


 


 


 


_____________________________


Supplemental
Indenture No. 18

Dated as of March 1, 2016


 


_____________________________


Supplemental to the Indenture

dated as of August 1, 2001


 


_____________________________


Establishing Terms of


 


First Mortgage Bonds, Pollution Control
Series 2016A and


First Mortgage Bonds, Pollution Control Series
2016B


 


 



 


 


 



 


 




     


     


    

Supplemental
Indenture No. 18


SUPPLEMENTAL INDENTURE
No. 18 dated as of March 1, 2016, made and entered into by and between PPL ELECTRIC UTILITIES CORPORATION, a corporation of the
Commonwealth of Pennsylvania, having its principal corporate offices at Two North Ninth Street, Allentown, Pennsylvania 18101 (hereinafter
sometimes called the “Company”), and The Bank of New York Mellon, a
New York banking corporation, having its corporate trust office at 101 Barclay Street, 7th Floor, New York, New York
10286 (hereinafter sometimes called the “Trustee”), as Trustee under the Indenture, dated as of August 1, 2001 (hereinafter
called the “Original Indenture”), this Supplemental Indenture No. 18 being supplemental thereto. The Original Indenture
and any and all indentures and instruments supplemental thereto are hereinafter sometimes collectively called the “Indenture.”


RECITALS OF THE COMPANY


The Original Indenture
was authorized, executed and delivered by the Company to provide for the issuance from time to time of its Securities (such term
and all other capitalized terms used herein without definition having the meanings assigned to them in the Original Indenture),
to be issued in one or more series as contemplated therein, and to provide security for the payment of the principal of and premium,
if any, and interest, if any, on such Securities.


The Company has
heretofore executed and delivered to the Trustee Supplemental Indentures for the purposes recited therein and for the purpose of
creating series of Securities as set forth in Schedule A hereto.


Pursuant to Article
Three of the Original Indenture, the Company wishes to establish a nineteenth series of Securities, such series of Securities to
be hereinafter sometimes called “Securities of the Nineteenth Series,” and a twentieth series of Securities, such series
of Securities to be hereinafter sometimes called the “Securities of the Twentieth Series.”


As contemplated
in Section 301 of the Original Indenture, the Company further wishes to establish the designation and certain terms of the Securities
of the Nineteenth Series and the Securities of the Twentieth Series. The Company has duly authorized the execution and delivery
of this Supplemental Indenture No. 18 to establish the Securities of the Nineteenth Series and the Securities of the Twentieth
Series and the designation and certain terms thereof, and has duly authorized the issuance of such Securities; and all acts necessary
to make this Supplemental Indenture No. 18 a valid agreement of the Company, and to make the Securities of the Nineteenth Series
and the Securities of the Twentieth Series valid obligations of the Company, have been performed.


NOW, THEREFORE,
THIS SUPPLEMENTAL INDENTURE NO. 18 WITNESSETH, that, for and in consideration of the premises and of the purchase of the Securities
of the Nineteenth Series and the Securities of the Twentieth Series by the Holders thereof and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, it is mutually covenanted and agreed, for the equal and proportionate
benefit of the Holders of the Securities of the Nineteenth Series and the Securities of the Twentieth Series, as follows:


ARTICLE
One



Nineteenth and Twentieth Series of Securities


SECTION
101. (a) Securities of the Nineteenth Series. There is hereby created a series of Securities designated “First
Mortgage Bonds, Pollution Control Series 2016A,” which series shall




     


     


    

constitute the nineteenth series of
Securities issued under the Indenture. The Securities of the Nineteenth Series shall have the terms provided therefor in this Article
One of this Supplemental Indenture No. 18, shall be limited in aggregate principal amount (except as contemplated in Section 301(b)
of the Original Indenture) to $115,500,000, and shall have such terms as are hereby established for such Securities of the Nineteenth
Series as contemplated in Section 301 of the Original Indenture. The form or forms and additional terms of the Securities of the
Nineteenth Series shall be established in an Officer’s Certificate of the Company, as contemplated by Section 201 of the
Original Indenture.


(b) Securities
of the Twentieth Series. There is hereby created a series of Securities designated “First Mortgage Bonds, Pollution Control
Series 2016B,” which series shall constitute the twentieth series of Securities issued under the Indenture. The Securities
of the Twentieth Series shall have the terms provided therefor in this Article One of this Supplemental Indenture No. 18, shall
be limited in aggregate principal amount (except as contemplated in Section 301(b) of the Original Indenture) to $108,250,000,
and shall have such terms as are hereby established for such Securities of the Twentieth Series as contemplated in Section 301
of the Original Indenture. The form or forms and additional terms of the Securities of the Twentieth Series shall be established
in an Officer’s Certificate of the Company, as contemplated by Section 201 of the Original Indenture.


 


SECTION
102. (a) Covenants with respect to the Securities of the Nineteenth Series. So long as any Securities of the
Nineteenth Series shall remain Outstanding, the following shall be an additional covenant of the Company under the Indenture: So
long as any Securities of the Nineteenth Series shall remain Outstanding, the Company shall not cause or permit the Release Date
to be established, as contemplated in Section 1811 of the Original Indenture.


(b) Covenants
with respect to the Securities of the Twentieth Series. So long as any Securities of the Twentieth Series shall remain Outstanding,
the following shall be an additional covenant of the Company under the Indenture: So long as any Securities of the Twentieth Series
shall remain Outstanding, the Company shall not cause or permit the Release Date to be established, as contemplated in Section
1811 of the Original Indenture.


SECTION
103. Satisfaction and Discharge. With respect to each of the Securities of the Nineteenth Series and the Securities
of the Twentieth Series, the Company hereby agrees that, if the Company shall make any deposit of money and/or Eligible Obligations
with respect to any Securities of such series, or any portion of the principal amount thereof, as contemplated by Section 801 of
the Indenture, the Company shall not deliver an Officer’s Certificate described in clause (z) in the first paragraph of said
Section 801 unless the Company shall also deliver to the Trustee, together with such Officer’s Certificate, either:


(a)               
an instrument wherein the Company, notwithstanding the satisfaction and discharge of its indebtedness in respect of such
Securities, shall retain the obligation (which shall be absolute and unconditional) irrevocably to deposit with the Trustee or
Paying Agent such additional sums of money, if any, or additional Eligible Obligations (meeting the requirements of Section 801),
if any, or any combination thereof, at such time or times, as shall be necessary, together with the money and/or Eligible Obligations
theretofore so deposited, to pay when due the principal of and premium, if any, and interest due and to become due on such Securities
or portions thereof, all in accordance with and subject to the provisions of said Section 801; provided, however, that such instrument
may state that the obligation of the Company to make additional deposits as aforesaid shall be subject to the delivery to the Company
by the Trustee of a notice asserting the deficiency accompanied by an opinion of an independent public accountant of nationally
recognized standing, selected by the Trustee, showing the calculation thereof (which opinion shall be obtained at the expense of
the Company); or




     


     


    

(b)              
an Opinion of Counsel to the effect that the Holders of such Securities, or portions of the principal amount thereof, will
not recognize income, gain or loss for United States federal income tax purposes as a result of the satisfaction and discharge
of the Company’s indebtedness in respect thereof and will be subject to United States federal income tax on the same amounts,
at the same times and in the same manner as if such satisfaction and discharge had not been effected.


 


ARTICLE
Two



Miscellaneous Provisions


SECTION
201. This Supplemental Indenture No. 18 is a supplement to the Original Indenture, as heretofore amended and supplemented.
As supplemented by this Supplemental Indenture No. 18, the Original Indenture, as heretofore amended and supplemented, is in all
respects ratified, approved and confirmed, and the Original Indenture, as heretofore amended and supplemented, and this Supplemental
Indenture No. 18 shall together constitute the Indenture.


SECTION
202. The recitals contained in this Supplemental Indenture No. 18 shall be taken as the statements of the Company, and
the Trustee assumes no responsibility for their correctness and makes no representations as to the validity or sufficiency of this
Supplemental Indenture No. 18.


This instrument
may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.




     


     


    

IN WITNESS WHEREOF,
the parties hereto have caused this Supplemental Indenture No. 18 to be duly executed as of the day and year first written above.


PPL ELECTRIC UTILITIES CORPORATION


By:  /s/ Tadd J. Henninger                                  

Name: Tadd J. Henninger

Title: Assistant Treasurer


 


 


 


[Signature
Page to Supplemental Indenture No. 18]




     


     


    

THE BANK OF NEW YORK MELLON, as Trustee


By:
 /s/ Francine Kincaid                                    

Name: Francine Kincaid

Title: Vice President 


 


 


 


[Signature Page to Supplemental Indenture
No. 18] 


 


 




     


     


    

 





	COMMONWEALTH OF PENNSYLVANIA	)
	 	) ss.:
	COUNTY OF LEHIGH	)






 



On this 2nd day of March, 2016, before me, a notary
public, the undersigned, personally appeared Tadd J. Henninger, who acknowledged himself to be the Assistant Treasurer of PPL
ELECTRIC UTILITIES CORPORATION, a corporation of the Commonwealth of Pennsylvania and that he, as such Assistant Treasurer, being
authorized to do so, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation
by himself as Assistant Treasurer.


 


 In witness
whereof, I hereunto set my hand and official seal.


 


/s/ Jacqueline M. Jacob                             


Notary Public


[SEAL]






 




     


     


    

 


 


	STATE OF NEW YORK	)
	 	) ss.:
	COUNTY OF NEW YORK	)






 





On this 3rd
day of March, 2016, before me, a notary public, the undersigned, personally appeared Francine Kincaid, who acknowledged herself
to be a Vice President of THE BANK OF NEW YORK MELLON, a corporation and that she, as Vice President, being authorized to do so,
executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by herself as Vice
President.


In witness whereof,
I hereunto set my hand and official seal.


 


/s/ Christopher J. Traina                               


Notary Public


[SEAL]


 


 


 


The Bank of New
York Mellon hereby certifies that its precise name and address as Trustee hereunder are:


The Bank of New York Mellon


101 Barclay Street, 7th Floor


New York, New York 10286


Attn: Corporate Trust Administration


 


THE BANK OF NEW YORK MELLON, as Trustee


By:  /s/ Francine Kincaid                           


Name:
Francine Kincaid


Title:
Vice President


			





     


     


    

SCHEDULE A


 


	Supplemental Indenture No.	Dated as of	Series	Series Designation	Principal Amount Authorized	Principal Amount Issued	Principal Amount Outstanding1
	1	August 1, 2001	First	Senior Secured Bonds, 

5 7/8% Series due 2007	$300,000,000	$300,000,000	None
	1	August 1, 2001	Second	Senior Secured bonds,

6 1⁄4% Series due 2009	$500,000,000	$500,000,000	None
	2	February 1, 2003	Third	Senior Secured Bonds, 3.125% Pollution Control Series due 2008	$90,000,000	$90,000,000	None
	3	May 1, 2003	Fourth	Senior Secured Bonds, 4.30% Series due 2013	$100,000,000	$100,000,000	None
	4	February 1, 2005	Fifth	Senior Secured Bonds, 4.70% Pollution Control Series due 2029	$115,500,000	$115,500,000	$115,500,000
	5	May 1, 2005	Sixth	Senior Secured Bonds, 4.75% Pollution Control Series due 2027	$108,250,000	$108,250,000	$108,250,000
	6	December 1, 2005	Seventh	Senior Secured Bonds, 4.95% Series due 2015 	$100,000,000	$100,000,000	$100,000,000
	6	December 1, 2005	Eighth	Senior Secured Bonds, 5.15% Series due 2020	$100,000,000	$100,000,000	$100,000,000
	7	August 1, 2007	Ninth	Senior Secured Bonds, 6.45% Series due 2037	$250,000,000	$250,000,000	$250,000,000
	8	October 1, 2008	Tenth	Senior Secured Bonds, 7.125% Series due 2013	$400,000,000	$400,000,000	None
	9	October 1, 2008	Eleventh	Senior Secured Bonds, Variable Rate Pollution Control Series 2008	$90,000,000	$90,000,000	$90,000,000
	10	May 1, 2009	Twelfth	First Mortgage Bonds, 6.25% Series due 2039	$300,000,000	$300,000,000	$300,000,000
	11	July 1, 20112	—	—	—	—	—
	12	July 1, 2011	Thirteenth	First Mortgage Bonds, 5.20% Series due 2041	$250,000,000	$250,000,000	$250,000,000
	13	August 1, 2011	Fourteenth	First Mortgage Bonds, 3.00% Series due 2021	$400,000,000	$400,000,000	$400,000,000
	14	August 1, 2012	Fifteenth	First Mortgage Bonds, 2.50% Series due 2022	$250,000,000	$250,000,000	$250,000,000
	15	July 1, 2013	Sixteenth	First Mortgage Bonds, 4.75% Series due 2043	$350,000,000	$350,000,000	$350,000,000
	16	June 1, 2014	Seventeenth	First Mortgage Bonds, 4.125% Series due 2044	$300,000,000	$300,000,000	$300,000,000
	17	October 1, 2015	Eighteenth	First Mortgage Bonds, 4.150% Series due 2045	$350,000,000	$350,000,000	$350,000,000


 


  






1
As of March 1, 2016.


2
Supplemental Indenture No. 11 provided for certain amendments to the Original Indenture and did not provide for the establishment
of any series of Securities.


 


A-1