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): ~~December~~ October 3119, ~~2007~~ 2010

Commission File Number	Registrant; State of Incorporation; Address and Telephone Number	IRS Employer Identification No.
333-74794	PPL Energy Supply, LLC (Exact name of Registrant as specified in its charter) (Delaware) Two North Ninth Street Allentown, PA 18101-1179 (610) 774-5151	23-3074920
1-11459	PPL Corporation (Exact name of Registrant as specified in its charter) (Pennsylvania) Two North Ninth Street Allentown, PA 18101-1179 (610) 774-5151	23-2758192
1-32944	PPL Energy Supply, LLC (Exact name of Registrant as specified in its charter) (Delaware) Two North Ninth Street Allentown, PA 18101-1179 (610) 774-5151	23-3074920

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:

[o ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [o ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [o ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [o ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 1 - Registrant's Business and Operations

Item 1.01 Entry into a Material Definitive Agreement

Item 1.02 Termination of a Material Definitive Agreement

and

Section 2 - Financial Information

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

~~Section 8~~Credit ~~- Other Events~~Facility

~~Item 8.01~~(PPL ~~Other~~Corporation ~~Events~~and PPL Energy Supply, LLC)

OnAs ~~December~~previously 31announced, ~~2007~~on June 21, ~~the~~2010, ~~Pennsylvania~~PPL ~~Economic~~Energy ~~Development~~Supply, ~~Financing~~LLC ~~Authority~~ (~~the~~ “~~Authority~~PPL Energy Supply”) ~~issued~~entered ~~$80,570,000~~into ~~aggregate~~an ~~principal~~Escrow ~~amount~~Agreement ofwith ~~its~~Wells ~~Exempt~~Fargo, National ~~Facilities~~Association, ~~Revenue~~as ~~Bonds~~Administrative Agent, ~~Series~~and ~~2007~~the ~~(PPL~~Lenders ~~Energy~~referred ~~Supply~~to below, ~~LLC~~with respect ~~Project)~~to ~~due December~~a 1$4 billion Revolving Credit Agreement, ~~2037~~to ~~(the~~be ~~“Bonds”)~~dated onand ~~behalf~~effective as of ~~PPL~~the ~~Energy~~Effective ~~Supply~~Date described below, ~~LLC~~among (“PPL Energy Supply~~”). The~~, ~~Bonds~~Wells ~~were~~Fargo, National ~~issued~~Association, ~~under~~as ~~the~~Administrative ~~Trust~~Agent, ~~Indenture~~Swingline ~~dated~~Lender asand ofIssuing ~~December 1~~Lender, ~~2007~~and the other Lenders party thereto (the “~~Indenture~~Credit Agreement”). On ~~between~~October ~~the~~19, ~~Authority~~2010 ~~and~~(the ~~The~~“Effective ~~Bank~~Date”), ofthe ~~New~~Credit ~~York~~Agreement ~~Trust~~became ~~Company,~~effective ~~N.A.,~~and asreplaced ~~trustee~~PPL ~~(the~~Energy ~~“Trustee”~~Supply’s (a) $3. ~~The~~4 ~~Bonds will~~billion ~~accrue~~Second ~~interest~~Amended ~~from~~and ~~December~~Restated ~~31,~~Credit ~~2007~~Facility ~~through~~dated ~~January~~as ~~31,~~of ~~2008~~May at4, ~~the~~2007, ~~initial~~which PPL ~~rate~~Energy Supply terminated as of ~~3.20%. Commencing~~the ~~February~~Effective 1Date, ~~2008,~~and ~~the~~(b) ~~Bonds~~$400 ~~will~~million ~~accrue~~Amended ~~interest~~and atRestated ~~Daily~~364-day ~~Rates~~Credit ~~(as~~Agreement ~~defined~~dated inSeptember ~~the~~8, ~~Indenture)~~2009, ~~until~~which ~~converted~~terminated in toSeptember ~~another Interest~~2010 ~~Rate~~in ~~Mode~~accordance ~~(as~~with ~~defined~~its interms ~~the~~on ~~Indenture)~~its scheduled termination date.

The ~~Authority~~Credit ~~has~~Agreement ~~loaned~~allows ~~the~~for ~~proceeds~~borrowings ofat ~~the~~market-based ~~Bonds~~rates ~~(the~~plus ~~“Loan”)~~a tospread, which is based upon PPL Energy Supply ~~pursuant~~’s tosenior anunsecured ~~Exempt~~long-term ~~Facilities~~debt rating. In ~~Loan~~addition, ~~Agreement~~PPL ~~dated~~Energy asSupply ofmay ~~December~~request 1,certain ~~2007~~Lenders (under the ~~“Loan~~Credit Agreement”) ~~between~~to ~~PPL~~issue ~~Energy~~letters ~~Supply~~of ~~and~~credit, ~~the~~which ~~Authority.~~issuances ~~Pursuant to~~reduce ~~the~~available ~~Loan~~borrowing ~~Agreement,~~ capacity. PPL Energy Supply isintends ~~obligated~~ to ~~make~~use ~~payments in such~~this ~~amounts~~credit ~~and~~facility atfor ~~such~~general ~~times~~corporate aspurposes ~~will~~of bePPL ~~sufficient~~Energy toSupply ~~pay~~and its affiliates, ~~when~~including ~~due,~~for ~~the~~working ~~principal of~~capital ~~and~~purposes, ~~interest~~for onmaking ~~the~~investments ~~Bonds~~in or loans to ~~the~~affiliates, ~~extent~~and ~~such~~as ~~payments~~a ~~are~~commercial ~~not~~paper ~~made~~backstop. In ~~pursuant~~addition, PPL Energy Supply intends to ~~the~~use ~~Letter~~proceeds of borrowings under the Credit Agreement ~~(as~~to ~~defined~~make ~~below). The~~loans ~~proceeds~~to certain of ~~the~~its ~~Bonds and~~affiliates ~~the~~to ~~Loan~~provide ~~will~~interim financing beof ~~used~~amounts required to ~~finance~~pay a portion of the ~~cost~~purchase price of ~~acquiring,~~PPL ~~constructing,~~Corporation’s ~~installing,~~previously ~~equipping~~announced ~~and~~approximately ~~improving~~$7.6 ~~certain~~billion ~~solid~~acquisition ~~waste~~(“Acquisition”) ~~disposal facilities~~of ~~consisting~~E.ON ~~principally~~U.S. ofLLC, ~~certain~~the ~~portions~~owner of ~~flue~~Louisville ~~gas~~Gas and Electric ~~desulfurization~~Company ~~systems~~and atKentucky ~~the~~Utilities ~~coal-fueled~~Company, ~~steam~~from ~~electric~~E.ON ~~generating~~AG. Closing ~~plants~~of the ~~owned~~Acquisition byis ~~PPL~~subject, ~~Brunner~~among ~~Island~~other things, ~~LLC~~to receipt of required regulatory approvals and ~~PPL~~is ~~Montour,~~expected ~~LLC,~~to ~~which~~occur ~~are indirect wholly-owned~~during ~~subsidiaries~~the offourth quarter of 2010. PPL Energy Supply (will pay customary commitment and letter of credit issuance fees under the ~~“Project”)~~Credit Agreement.

~~Concurrently~~The ~~with~~Credit ~~the~~Agreement ~~issuance~~contains ofa ~~the~~financial ~~Bonds~~covenant ~~and~~requiring ~~to evidence its obligations under the Loan Agreement,~~ PPL Energy Supply’s debt ~~delivered~~ to ~~the~~total ~~Trustee~~capitalization ~~its~~to ~~unsecured~~not ~~promissory note~~exceed 65% (~~the~~as ~~“Note”). The~~calculated ~~Note~~pursuant ~~contains principal, interest and prepayment provisions corresponding~~ to the Credit ~~principal~~Agreement), ~~interest~~ and ~~redemption provisions~~other ofcustomary ~~the Bonds~~covenants. InFailure ~~addition, concurrently with and as a condition~~ to ~~the~~meet ~~issuance of~~ the covenants ~~Bonds,~~beyond ~~PPL~~applicable ~~Energy~~grace ~~Supply~~periods ~~caused~~and ~~Wachovia~~certain ~~Bank, National~~other ~~Association~~events, toincluding the ~~issue~~occurrence of a ~~direct-pay~~Change ~~irrevocable letter~~ of ~~credit~~Control (~~the “Letter~~as ofdefined ~~Credit”)~~ in the ~~amount~~Credit ~~of $81~~Agreement),~~342,589.04~~ could result in ~~favor~~acceleration of ~~the~~due ~~Trustee which~~dates ~~will permit the Trustee to draw amounts to pay principal~~ of ~~and~~any ~~interest on~~borrowings, ~~and~~cash collateralization ~~the~~of ~~purchase~~outstanding ~~price~~letters of, ~~the~~credit ~~Bonds~~and/or ~~when~~termination ~~due. The Letter~~ of ~~Credit~~ ~~was issued pursuant to~~ the ~~$3,400,000,000 Second Amended and Restated~~ ~~Five-Year~~ Credit Agreement. ~~(the~~The “Credit Agreement~~”),~~ ~~dated~~also ascontains ofcertain ~~May 4, 2007,~~customary ~~among~~representations ~~PPL~~and ~~Energy~~warranties ~~Supply,~~that ~~the~~must ~~Lenders~~be ~~Party~~made ~~thereto~~ and ~~Wachovia~~certain ~~Bank,~~other ~~National~~conditions ~~Association,~~that asmust ~~Administrative~~be ~~Agent. Pursuant~~met tofor ~~the Credit Agreement,~~ PPL Energy Supply ~~is required~~ to ~~reimburse~~borrow ~~any~~or ~~draws~~to oncause the ~~Letter~~Issuing Lender ~~of Credit~~to ~~within~~issue ~~one~~letters ~~business day~~ of ~~such draw~~credit.

~~While~~Under ~~accruing~~certain ~~interest at the Daily Rate~~conditions, ~~the~~PPL ~~Bonds~~Energy ~~are~~Supply ~~subject~~may torequest ~~optional~~that ~~and mandatory purchase, as described in~~ the ~~Indenture. Bonds~~facility’s ~~converted to~~principal aamount ~~different Interest Rate Mode will~~ be ~~subject~~increased ~~to mandatory purchase upon conversion. Each interest rate for an Interest Rate Mode for the Bonds will be determined~~ by ~~the~~up ~~Remarketing Agent as set forth in the Indenture. The method of determining the interest rate on the Bonds may be converted from time~~ to ~~time~~$500 ~~in accordance with the Indenture to a Daily Rate, a Commercial Paper Rate, a Weekly Rate, or a Term Rate~~million. The Bonds will be subject to optional and extraordinary optional redemption prior to maturity, and to optional and mandatory tender for purchase and remarketing in certain circumstances, all as described in the Indenture. The Bonds also are subject to special mandatory redemption upon a determination that the interest on the Bonds would be included in the holders' gross income for federal income tax purposes. Any such special mandatory redemption would also be at a redemption price of 100% of the principal amount thereof, without premium, plus accrued interest, if any, to the redemption date.

~~SIGNATURE~~Section 9 - Financial Statements and Exhibits

~~Pursuant~~Item to9.01 ~~the~~Financial ~~requirements~~Statements ofand ~~the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.~~Exhibits

PPL ENERGY SUPPLY, LLC By: /s/ James E. Abel James E. Abel Vice President and Treasurer

(d)	Exhibits

	10.1	$4,000,000,000 Revolving Credit Agreement, dated as of October 19, 2010, among PPL Energy Supply, LLC, the Lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent, Swingline Lender and Issuing Lender.

~~Dated: January 2, 2008~~SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

	PPL CORPORATION

	By:	/s/ Paul A. Farr
		Paul A. Farr Executive Vice President and Chief Financial Officer

	PPL ENERGY SUPPLY, LLC

	By:	/s/ Paul A. Farr
		Paul A. Farr Executive Vice President

Dated: October 20, 2010

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