PPL Corporation (NYSE:PPL) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
Analyst and Investor Meetings
Beginning September 17 and throughout the remainder of September 2018, members of PPL Corporation's (the "Company") senior management will be meeting with analysts and investors to discuss the Company's corporate strategy and general business outlook. In addition, on October 2, 2018, members of the Company's senior management will be meeting with investors and analysts and making a presentation at the Wolfe Utility Conference in New York City. At these meetings, the Company is expected to reaffirm its previously announced 2018 earnings forecast of $2.34 to $2.49 per share, reflecting special items recorded through the second quarter of 2018, and ongoing earnings forecast of $2.25 to $2.40 per share, with a midpoint of $2.33 per share. The Company also expects to reaffirm its compound annual earnings per share growth rate of 5% to 6% through 2020, measured against its original 2018 ongoing earnings forecast midpoint of $2.30 per share.A copy of the slides to be used during these meetings will be available beginning on September 17, 2018 on PPL's Internet Web site:www.pplweb.investorroom.com/events.
Partial Equity Forward Settlement
On September 12, 2018, the Company physically settled 20 million of the 63.5 million shares under the forward sale agreements entered into in May 2018, and received proceeds of approximately $520 million. As previously reported, the Company expects to settle the remainder of the forward sale agreements on or prior to November 8, 2019.
As provided in General Instruction B.2 of Form 8-K, the information contained in 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.
About PPL Corporation (NYSE:PPL)
PPL Corporation (PPL) is a utility holding company. Through its subsidiaries, PPL delivers electricity to customers in the United Kingdom, Pennsylvania, Kentucky, Virginia and Tennessee; delivers natural gas to customers in Kentucky, and generates electricity from power plants in Kentucky. It operates through three segments: U.K. Regulated Segment, Kentucky Regulated Segment and Pennsylvania Regulated Segment. The U.K. Regulated Segment comprises PPL Global, which includes PPL WPD Limited and its subsidiaries’ regulated electricity distribution operations, among others. The Kentucky Regulated segment consists of the operations of LG&E and KU Energy LLC, a subsidiary of PPL, which owns and operates regulated public utilities engaged in the generation, transmission, distribution and sale of electricity and distribution and sale of natural gas. The Pennsylvania Regulated segment consists of the operations of PPL Electric Utilities Corporation, which distributes and transmits electricity.