# EDGAR Filing Document

**Accession Number:** 0000317187
**File Stem:** 0000922224-25-000041
**Filing Date:** 2025-9
**Character Count:** 17607
**Document Hash:** ca0f93af991902691376247b417353ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000922224-25-000041.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0000922224-25-000041

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250930

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPL Corp
- **CENTRAL INDEX KEY:** 0000922224
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 232758192
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11459
- **FILM NUMBER:** 251361410

**BUSINESS ADDRESS:**
- **STREET 1:** TWO N NINTH ST
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101-1179
- **BUSINESS PHONE:** 610-774-5151

**MAIL ADDRESS:**
- **STREET 1:** TWO N NINTH ST
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101-1179

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PPL CORP
- **DATE OF NAME CHANGE:** 20000214

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PP&L RESOURCES INC
- **DATE OF NAME CHANGE:** 19941123
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPL ELECTRIC UTILITIES CORP
- **CENTRAL INDEX KEY:** 0000317187
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRIC SERVICES [4911]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 230959590
- **STATE OF INCORPORATION:** PA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-00905
- **FILM NUMBER:** 251361411

**BUSINESS ADDRESS:**
- **STREET 1:** TWO NORTH NINTH STREET
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101-1179
- **BUSINESS PHONE:** 610-774-5151

**MAIL ADDRESS:**
- **STREET 1:** TWO NORTH NINTH STREET
- **CITY:** ALLENTOWN
- **STATE:** PA
- **ZIP:** 18101-1179

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PP&L INC
- **DATE OF NAME CHANGE:** 19970912

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PP & L INC
- **DATE OF NAME CHANGE:** 19970912

?xml version='1.0' encoding='ASCII'? ppl-20250930

**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 30, 2025

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Commission File<br><u>Number</u> | Registrant; <br>State of Incorporation;<br><u>Address and Telephone Number</u> | Registrant; <br>State of Incorporation;<br><u>Address and Telephone Number</u> | Registrant; <br>State of Incorporation;<br><u>Address and Telephone Number</u> | Registrant; <br>State of Incorporation;<br><u>Address and Telephone Number</u> | IRS Employer<br><u>Identification No.</u> |
| 1-11459 | **PPL Corporation** | **PPL Corporation** | **PPL Corporation** | **PPL Corporation** | 23-2758192 |
|  | (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) |  |
|  | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania |  |
|  | 645 Hamilton Street | 645 Hamilton Street | 645 Hamilton Street | 645 Hamilton Street |  |
|  | Allentown, | Allentown, | PA | 18101 |  |
|  | (610) | 774-5151 | 774-5151 | 774-5151 |  |
| 1-905 | **PPL Electric Utilities Corporation** | **PPL Electric Utilities Corporation** | **PPL Electric Utilities Corporation** | **PPL Electric Utilities Corporation** | 23-0959590 |
|  | (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) | (Exact name of Registrant as specified in its charter) |  |
|  | Pennsylvania | Pennsylvania | Pennsylvania | Pennsylvania |  |
|  | 827 Hausman Road | 827 Hausman Road | 827 Hausman Road | 827 Hausman Road |  |
|  | Allentown, | Allentown, | PA | 18104-9392 |  |
|  | (610) | 774-5151 | 774-5151 | 774-5151 |  |

---

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))

------

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| <u>Title of each class</u> | <u>Trading Symbol:</u> | <u>Name of each exchange on which registered</u> |
| Common Stock of PPL Corporation | PPL | New York Stock Exchange |
| Junior Subordinated Notes of PPL Capital Funding, Inc. | | |
| &nbsp;&nbsp;&nbsp;2007 Series A due 2067 | PPL/67 | New York Stock Exchange |

---

---

| | |
|:---|:---|
| <br>Indicate by a 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). | <br>Indicate by a 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). |
| ☐ | PPL Corporation |
| ☐ | PPL Electric Utilities Corporation |
| <br>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. | <br>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. |
| ☐ | PPL Corporation |
| ☐ | PPL Electric Utilities Corporation |

---

------

**Section 7 – Regulation FD**

**Item 7.01 Regulation FD Disclosure**

On September 30, 2025, PPL Electric Utilities Corporation (the "Company") issued a press release announcing that it had filed a request with the Pennsylvania Public Utility Commission ("PUC") for an increase in distribution rates, expected to be effective July 1, 2026. A copy of the press release is furnished as Exhibit 99.1.

The petition requested an increase in annual base rate distribution revenue of approximately $356 million, which would increase the Company's total annual revenue by about 8.6%.

The petition is based on a fully projected future test year of July 1, 2026 through June 30, 2027 and a requested authorized return-on-equity of 11.3%.

The Company cannot predict the outcome of the proceeding. The Company anticipates a ruling from the PUC during the second quarter of 2026.

The PUC proceeding has been designated as Docket No. R-2025-3057164.

**Section 9 - Financial Statements and Exhibits**

**Item 9.01 Financial Statements and Exhibits**

---

| | | |
|:---|:---|:---|
| (d) | Exhibits | Exhibits |
|  | <u>[99.1 -](ppl-09302025exhibit991.htm)</u> | Press release dated September 30, 2025 announcing PPL Electric Utilities Corporation's filing with Pennsylvania Public Utility Commission of a request for distribution rate increase. |
|  | 104 - | Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document). |

---

**Cautionary Statement on Forward-Looking Statements**

*Statements in this report regarding future events and their timing, including statements as to future costs or expenses, regulation, corporate strategy and performance, are "forward-looking statements" within the meaning of the federal securities laws. Although the PPL Corporation and the Company believe that the expectations and assumptions reflected in these forward-looking statements are reasonable, these expectations, assumptions and statements are subject to a number of risks and uncertainties, and actual results may differ materially from the results discussed in the statements. The following are among the important factors that could cause actual results to differ materially from the forward-looking statements: subsequent phases of rate proceedings and regulatory cost recovery; market demand and prices for electricity; political, regulatory or economic conditions in states and regions where the Company conducts business and final negotiated terms and conditions in any prospective contracts. All forward-looking statements should be considered in light of these important factors and in conjunction with PPL Corporation's and the Company' Form 10-K and other reports on file with the U.S. Securities and Exchange Commission.*

------

As provided in General Instruction B.2 of Form 8-K, the information contained in Item 7.01 of this Form 8-K shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall any such information be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.

------

<u>SIGNATURES</u>

Pursuant to the requirements of the Securities Exchange Act of 1934, each Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| PPL CORPORATION | PPL CORPORATION |
| By: | /s/ Marlene C. Beers |
|  | Marlene C. Beers<br>Vice President and Controller |
| PPL ELECTRIC UTILITIES CORPORATION | PPL ELECTRIC UTILITIES CORPORATION |
| By: | /s/ Marlene C. Beers |
|  | Marlene C. Beers<br>Vice President and Controller |

---

Dated: September 30, 2025

## Exhibit 99.1

---

| | |
|:---|:---|
| Exhibit 99.1 | Exhibit 99.1 |
| news release | ![imagea.jpg](imagea.jpg) |
| www.pplnewsroom.com | ![imagea.jpg](imagea.jpg) |
| | ![imagea.jpg](imagea.jpg) |

---

Contacts: For news media: Dana Burns, DNBurns@pplweb.com, 610-774-5409<br>PPL Electric Utilities

**<u>PPL Electric Utilities making necessary investments to strengthen and modernize infrastructure and expand services and support for customers</u>**

*Company files regulatory rate request to enhance service reliability, improve resiliency and better meet customer needs today and in the future.*

**ALLENTOWN, Pa. (Sept. 30, 2025) –** PPL Electric Utilities is making necessary investments to build and maintain a stronger, smarter and more resilient electric grid to better withstand increasingly severe weather, prevent outages and improve service to customers. To fund these ongoing investments, the company has filed its first distribution base rate request in a decade.

"We understand that rising costs of living and affordability matter to every family and business we serve, and we've been committed to keeping the costs we can control down. Over the past decade, we've deployed advanced technologies to operate more efficiently, invested responsibly in the grid and expanded assistance programs to support those who need help paying their energy bills. This commitment to efficiency has meant that PPL Electric Utilities' base distribution rates have not changed in the last 10 years, and, as a result, our customers have among the lowest distribution rates in the state," said Christine Martin, president of PPL Electric Utilities.

"To continue providing our customers with safe and reliable electric service, we need to make important investments in our system. With nearly 47,000 miles of distribution lines, 1 million poles, hundreds of substations, and thousands of pieces of equipment, costs are rising to maintain and upgrade these essential services. We're requesting a rate adjustment to support these necessary improvements and help ensure power stays on, especially as severe weather becomes more common," said Martin.

**Supporting a stronger grid and continued customer value**

The company's proposal requests funding to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Further strengthen and modernize the electric grid** to better withstand severe weather events, minimize outages and protect against evolving cyber threats. Ongoing investments include comprehensive tree trimming and installing stronger poles and wire and equipment guards.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Continue to implement next-generation smart grid technologies** such as advanced automation to accelerate restoration times and reduce outages, and data analytics to inform smarter business decisions that deliver the greatest value for customers. The company's advanced smart grid has already helped avoid more than 3 million outages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• **Improve customer service systems** and expand self-service options to offer more convenience and flexibility for customers, and reduce call wait times.

------

"In recent years, we have faced record-breaking storms in frequency and intensity," said Martin. "Thanks to our investments in a more resilient electric grid — like stronger infrastructure, enhanced vegetation management and advanced automation — our customers are experiencing fewer outages. We're proud to have prevented more than half a million power outages so far this year, but we know our work is not done. These necessary investments are vital to power the lives and communities we serve, and we're committed to keeping the lights on, continuing to operate as efficiently as possible and finding better ways to serve our customers every day."

**Committed to supporting customers through change**

PPL Electric's rate request includes a proposed distribution base rate revenue increase of approximately $356 million, which would increase the company's total annual revenue by about 8.6%. More than $50 million of this request is already reflected in customer bills, making the net distribution revenue increase requested just over $300 million.

The company's last distribution base rate change occurred on Jan. 1, 2016. Over the past 10 years, the company has worked to keep operating and maintenance expenses below the rate of inflation and has invested in the reliability and resiliency of the grid without asking customers to pay more through base rates. PPL Electric operating and maintenance expenses have increased by only 7.4% nominally since 2015 — nearly 25% below inflation over that time period.

Pending regulatory approval, the requested change would add about $13 a month, or 43 cents a day, for a residential customer using 1,000 kilowatt-hours a month.

For a typical commercial customer using 1,000 kWh and 3 KW per month, the increase would be about $8 per month. For a typical industrial customer using 150,000 kWh and 500 KW per month, the increase would be about $514 per month.

The requested increase would go directly toward strengthening reliability and improving customer service for PPL Electric's 1.5 million customers.

If approved, the company expects new rates would become effective on July 1, 2026.

PPL Electric remains committed to helping customers manage their bills and future rate changes, offering flexible payment options, energy-saving tools and programs for all households and businesses. In 2024, PPL Electric assisted more than 100,000 customers through support programs, ensuring families and individuals receive necessary aid.

Customers who may be struggling to pay their electric bills can visit pplelectric.com to learn more and access available resources.

**For more information**

PPL Electric's distribution rate request is different from the twice-annual Price to Compare rate changes, which involve energy supply charges. PPL Electric does not mark up or profit from energy supply charges.

PPL Electric remains committed to transparency and open communication. The rate review filing, including detailed supporting materials, is available on the company's website at pplelectric.com/RateInfo and through the Pennsylvania Public Utility Commission. Customers may contact the company toll-free at 1-800-342-5775.

**About PPL Electric Utilities**

PPL Electric Utilities delivers safe, reliable and affordable electricity to about 1.5 million homes and businesses in eastern and central Pennsylvania. It regularly ranks among the country's best utility companies for reliability and customer satisfaction. PPL Electric Utilities is a major employer and an active supporter of the communities it serves. It is a part of the PPL Corporation (NYSE: PPL) family of companies. Visit pplelectric.com or connect on social media via Facebook, X and Instagram for energy efficiency tips, bill help information, guidance on shopping for an electricity supplier, storm updates and more.

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***Note to Editors: Visit our media website at https://news.pplweb.com/ for additional news and background about PPL Corporation.*** 

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