PPL Electric 發行 5 億美元第一抵押債券（8-K 申報）

ppl-20260512false0000922224false000031718700009222242026-05-122026-05-120000922224ppl:PplElectricUtilitiesCorpMember2026-05-122026-05-120000922224us-gaap:CommonStockMember2026-05-122026-05-120000922224ppl:A2007SeriesADue2067Member2026-05-122026-05-120000922224ppl:PPLCorporateUnitsMember2026-05-122026-05-12

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 12, 2026 
 
Commission File
Number
Registrant; 
State of Incorporation;
Address and Telephone Number
IRS Employer
Identification No.

   
1-11459PPL Corporation23-2758192
(Exact name of Registrant as specified in its charter)
Pennsylvania
645 Hamilton Street
Allentown,PA18101
(610) 774-5151
   
1-905PPL Electric Utilities Corporation23-0959590
(Exact name of Registrant as specified in its charter)
Pennsylvania
827 Hausman Road
Allentown,PA18104-9392
(610) 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:

Title of each class
Trading Symbol:
Name of each exchange on which registered

Common Stock of PPL Corporation
PPL
New York Stock Exchange

Junior Subordinated Notes of PPL Capital Funding, Inc.

2007 Series A due 2067
PPL/67
New York Stock Exchange

Corporate Units of PPL CorporationPPLCNew York Stock Exchange

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

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 2 – Financial Information 

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant 

and 

Section 8 – Other Events 

Item 8.01 Other Events 

On May 12, 2026, PPL Electric Utilities Corporation ("PPL Electric") entered into an underwriting agreement (the "Underwriting Agreement") with MUFG Securities Americas Inc., PNC Capital Markets LLC, U.S. Bancorp Investments, Inc. and Wells Fargo Securities, LLC, as representatives of the underwriters (the "Underwriters"), relating to the offering and sale by PPL Electric of $500,000,000 of First Mortgage Bonds, 5.75% Series due 2056 (the "Bonds"). 

The Bonds were issued on May 15, 2026, under PPL Electric's Indenture (the "2001 Indenture"), dated as of August 1, 2001, to The Bank of New York Mellon, as trustee, as previously amended and supplemented and as amended and supplemented by Supplemental Indenture No. 28 thereto (the "Supplemental Indenture"), dated as of May 1, 2026 (collectively, the "Indenture"). The Bonds will be secured by the lien of the Indenture, which creates a lien on substantially all of PPL Electric's distribution properties and certain of its transmission properties, subject to certain exceptions and exclusions, as described therein. 

The Bonds are due May 15, 2056, subject to early redemption. PPL Electric will use the net proceeds from the sale of the Bonds to repay short-term debt and for general corporate purposes. 

The Bonds were offered and sold under PPL Electric's Registration Statement on Form S-3 on file with the Securities and Exchange Commission (Registration No. 333-277140-03). 

A copy of the Underwriting Agreement is attached as Exhibit 1(a) to this report and incorporated herein by reference. The Supplemental Indenture and Officer's Certificate are filed with this report as Exhibits 4(a) and 4(b), respectively. 

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

1(a) -
Underwriting Agreement, dated May 12, 2026.
4(a) -
Supplemental Indenture No. 28, dated as of May 1, 2026, of PPL Electric Utilities Corporation to The Bank of New York Mellon, as Trustee. 
4(b) -
Officer's Certificate, dated May 15, 2026, pursuant to Section 201 and Section 301 of the Indenture. 
5(a) -
Opinion of W. Eric Marr, Assistant General Counsel of PPL Services Corporation. 
5(b) -
Opinion of Troutman Pepper Locke LLP. 
23(a) -
Consent of W. Eric Marr, Assistant General Counsel of PPL Services Corporation (included as part of Exhibit 5(a)). 
23(b) -
Consent of Troutman Pepper Locke LLP (included as part of Exhibit 5(b)).
104 -Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document).

SIGNATURES
 
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

By:/s/ Marlene C. Beers
Marlene C. Beers
Vice President and Controller

PPL ELECTRIC UTILITIES CORPORATION

By:/s/ Marlene C. Beers
Marlene C. Beers
Vice President and Controller

 
  
Dated:  May 15, 2026