Item 7.01 Regulation FD Disclosure

On July 16, 2021, the Massachusetts Department of Public Utilities (the "MA DPU"), in response to a petition filed by National Grid USA ("National Grid"), issued an order granting a waiver of the MA DPU's jurisdiction over National Grid's sale (the "Transaction") of its wholly-owned subsidiary, The Narragansett Electric Company, to PPL Rhode Island Holdings, LLC, an indirect wholly-owned subsidiary of PPL Corporation (the "Company").

The remaining regulatory approvals for the Transaction are proceeding, and the Company continues to expect that the Transaction will be completed by March 2022.

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.

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