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): March 5, 2026
Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | IRS Employer Identification No. | |||||||||||||||
| (Exact name of Registrant as specified in its charter) | |||||||||||||||||
| (Exact name of Registrant as specified in its charter) | |||||||||||||||||
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 | ||||||
Junior Subordinated Notes of PPL Capital Funding, Inc. | ||||||||
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 8 - Other Events
Item 8.01 Other Events
On March 5, 2026, PPL Electric Utilities Corporation (the "Company") reached a non‑unanimous settlement in principle in its distribution rate case filed with the Pennsylvania Public Utility Commission ("PUC") on September 30, 2025, marking an important step forward in the regulatory process. On March 6, 2026, a letter advising the Administrative Law Judges presiding over the case of the agreement was posted on the docket for the matter, Docket Nos. R-2025-3057164, et.al. The proposed settlement is subject to approval by the PUC.
The settlement reflects extensive engagement with stakeholders and resolves all issues in the proceeding with broad agreement among the active parties. Two parties expressed limited opposition related specifically to the Company's proposal concerning maximum registered peak load. The Company believes the proposed settlement supports continued investment in a safe, reliable and resilient electric system while maintaining a strong focus on customer affordability and service. Details will be made available after the filing of the Joint Petition for approval of the non-unanimous settlement on March 10. The Joint Petition is subject to approval by the Administrative Law Judges presiding over the case.
The Company looks forward to continuing to work through the regulatory process to reach a final outcome that serves customers and communities across our service territory. The Company cannot predict the outcome of the proceeding. The Company continues to anticipate a ruling from the PUC by the end of the second quarter of 2026.
Cautionary Statement on Forward-Looking Statements
Statements in this report regarding future events and their timing, including statements as to future costs or expenses, regulation, corporate strategy and performance, are "forward-looking statements" within the meaning of the federal securities laws. Although PPL Corporation and the Company believe that the expectations and assumptions reflected in these forward-looking statements are reasonable, these expectations, assumptions and 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: subsequent phases of rate proceedings and regulatory cost recovery; market demand and prices for electricity; political, regulatory or economic conditions in states and regions where the Company conducts business and final negotiated terms and conditions in any prospective contracts. All forward-looking statements should be considered in light of these important factors and in conjunction with PPL Corporation's and the Company's Form 10-K and other reports on file with the U.S. Securities and Exchange Commission.
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: March 6, 2026