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



On September 16, 2022, PPL Electric Utilities Corporation ("PPL Electric"),
entered into a $250 million term loan credit agreement, with U.S. Bank National
Association, as Administrative Agent, and the other Lenders party thereto (the
"Credit Agreement"). The Credit Agreement is filed as Exhibit 10.1 to this
Report.

On September 16, 2022, PPL Electric borrowed the full principal amount of $250
million under the Credit Agreement. All principal and unpaid interest under the
term loan is due and payable on March 16, 2024.

The term loan will, at the option of PPL Electric and except as otherwise
provided in the Credit Agreement, be incurred and maintained as a loan that
bears interest at a fluctuating per annum rate of interest based on the
applicable secured overnight financing rate ("SOFR"), the lender's prime rate or
the federal funds rate as provided in the Credit Agreement. PPL Electric may
prepay the principal and interest on the term loan and amounts prepaid may not
be reborrowed.

The Credit Agreement contains customary representations, covenants and events of
default. Under the Credit Agreement, PPL Electric is required to maintain a
Consolidated Debt to total Consolidated Capitalization ratio (as defined in the
Credit Agreement) not to exceed 70 percent. Failure to comply with this covenant
is an event of default.


Item 9.01 Financial Statements and Exhibits



        (d)           Exhibits

                        10.1   -    $250,000,000 Term Loan Credit Agreement 

dated as of September 16, 2022 among PPL

Electric Utilities Corporation, as 

Borrower, the Lenders from time to time party


                                    hereto and U.S. Bank National 

Association, as Administrative Agent.


                      104 -         Cover Page Interactive Data File 

(embedded within the Inline XBRL document).

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