Item 7.01 Regulation FD Disclosure
On
PPL Corporation ("PPL" or the "Company") issued a press release announcing that it does not expect the passing of this bill to alterLouisville Gas and Electric Company andKentucky Utility Company's generation investment plans as filed with the KPSC inDecember 2022 under Case No. 2022-00402, or the timing of a KPSC decision on the filing. The Company also does not expect the new law to materially impact its business outlook and reaffirms its previously provided earnings forecast and growth targets.
A copy of the press release referenced above is furnished as Exhibit 99.1.
Cautionary Statement on Forward-Looking Statements
Statements contained in this news release, including statements with respect to PPL's business outlook, forecast and growth targets, as well as the impact of legislation on PPL, are "forward-looking statements" within the meaning of the federal securities laws. Although PPL believes that the expectations and assumptions reflected in these forward-looking statements are reasonable, these 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: asset or business acquisitions and dispositions; the novel coronavirus pandemic or other pandemic health events or other catastrophic events and their effect on financial markets, economic conditions and our businesses; market demand for energy in our service territories; weather conditions affecting customer energy usage and operating costs; the effect of any business or industry restructuring; the profitability and liquidity of PPL and its subsidiaries; new accounting requirements or new interpretations or applications of existing requirements; operating performance of our facilities; the length of scheduled and unscheduled outages at our generating plants; environmental conditions and requirements and the related costs of compliance; system conditions and operating costs; development of new projects, markets and technologies; performance of new ventures; any impact of severe weather on our business; receipt of necessary government permits, approvals, rate relief and regulatory cost recovery; capital market conditions and decisions regarding capital structure; the impact of state, federal or foreign investigations applicable to PPL and its subsidiaries; the outcome of litigation against PPL and its subsidiaries; stock price performance; the market prices of equity securities and the impact on pension income and resultant cash funding requirements for defined benefit pension plans; the securities and credit ratings of PPL and its subsidiaries; political, regulatory or economic conditions in jurisdictions where PPL or its subsidiaries conduct business, including any potential effects of threatened or actual cyberattack, terrorism, or war or other hostilities; new state, federal or foreign legislation, including new tax legislation; and the commitments and liabilities of PPL and its subsidiaries. Any such forward-looking statements should be considered in light of such important factors and in conjunction with factors and other matters discussed in PPL's Form 10-K and other reports on file with theSecurities 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. --------------------------------------------------------------------------------
Item 9.01 Financial Statements and Exhibits
(d) Exhibits 99.1 - Press Release, dated March 24, 2023,
affirming confidence in
subsidiaries' generation investment
plans and business outlook
104 - Cover Page Interactive Data File
(embedded within the Inline XBRL document).
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