Obligation PPL Inc. 6.5% ( US69352JAL17 ) en USD

PPL Inc.

100 % ⇌

Etas-Unis

US69352JAL17 ( en USD )

6.5% par an ( paiement semestriel )

01/05/2018 - Obligation échue

Prospectus brochure de l'obligation PPL Corporation US69352JAL17 en USD 6.5%, échue

1 000 USD

400 000 000 USD

69352JAL1

NR

NR

PPL Corporation est une société énergétique multinationale américaine qui produit et fournit de l'électricité et du gaz naturel dans le Royaume-Uni, aux États-Unis et au Canada.

L'instrument financier analysé est une obligation émise par PPL Corporation, un acteur majeur dans le secteur des services publics d'énergie, opérant principalement aux États-Unis, fournissant de l'électricité et du gaz naturel à des millions de clients à travers son infrastructure étendue et sa position stratégique reconnue. Cette émission de dette, identifiée par le code ISIN US69352JAL17 et le code CUSIP 69352JAL1, était libellée en dollars américains (USD) et offrait un taux d'intérêt fixe de 6,5%, avec des paiements de coupon effectués deux fois par an aux porteurs. Le montant total de cette émission s'élevait à 400 000 000 USD, les titres étant accessibles à l'achat avec une taille minimale de 1 000 USD. Cette obligation a, par ailleurs, atteint sa date de maturité le 1er mai 2018 et a été entièrement remboursée à parité, c'est-à-dire à 100% de sa valeur nominale, garantissant ainsi le remboursement intégral du capital aux porteurs. Il est à noter que cette émission spécifique n'a pas fait l'objet de notations publiques par les agences Standard & Poor's (S&P) et Moody's, comme indiqué par la mention "NR" (Non Noté), ce qui peut suggérer une émission ciblée ou ne nécessitant pas de notation publique standard au moment de son émission.

Form 424(B)(2)
424B2 1 d424b2.htm FORM 424(B)(2)
Table of Contents
Filed pursuant to Rule 424(b)(2). Based upon the registration of $400 million of Senior Notes to be offered by
means of this prospectus supplement and the accompanying prospectus under the amended registration statement
filed March 9, 2007, a filing fee of $15,720 has been calculated in accordance with Rule 457(r). This fee has been
previously transmitted to the SEC. This paragraph shall be deemed to update the "Calculation of Registration Fee"
table in the registration statement referred to in the second sentence above.
Filed Pursuant to Rule 424(b)(2)
File Number 333-132574-01
PROSPECTUS SUPPLEMENT
(To Prospectus dated March 9, 2007)
$400,000,000

PPL Energy Supply, LLC
6.50% Senior Notes due 2018
PPL Energy Supply, LLC is offering its 6.50% Senior Notes due 2018 (the "Notes"). Interest on the Notes will be
payable on May 1 and November 1 of each year, commencing on November 1, 2008 and at maturity, as further
described in this prospectus supplement. The Notes will mature on May 1, 2018, unless redeemed on an earlier
date. We may, at our option, redeem the Notes, in whole at any time or in part from time to time, as described
herein. See "Description of the Notes--Redemption."
Investing in the Notes involves certain risks. See " Risk Factors" beginning on page S-7 of this
prospectus supplement and on page 4 of the accompanying prospectus.
These securities have not been approved or disapproved by the Securities and Exchange Commission or any state
securities commission, nor has the Securities and Exchange Commission or any state securities commission
determined that this prospectus supplement or the accompanying prospectus is accurate or complete. Any
representation to the contrary is a criminal offense.

Price to
Underwriting
Proceeds, Before

Public(1)

Discount
Expenses, to Us(1)
Per Note

99.661%
.650%
99.011%
Total

$398,644,000 $ 2,600,000 $ 396,044,000

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Form 424(B)(2)
(1) Plus accrued interest, if any, from the date of issuance.
The underwriters expect to deliver the Notes to the purchasers in book-entry form only through the facilities of
The Depository Trust Company on or about March 14, 2008.
Joint Book-Running Managers
Barclays Capital Goldman, Sachs & Co. RBS Greenwich Capital

Senior Co-Managers
KeyBanc Capital Markets
Lehman Brothers

Junior Co-Managers
Toussaint Capital Partners, LLC
The Williams Capital Group, L.P.
The date of this prospectus supplement is March 11, 2008.
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Form 424(B)(2)
Table of Contents
You should rely only on the information contained in or incorporated by reference in this prospectus
supplement and the accompanying prospectus. We have not authorized anyone to provide you with
different information. We are not making an offer of these securities in any state where the offer is not
permitted. You should not assume that the information contained in or incorporated by reference in this
prospectus supplement and the accompanying prospectus is accurate as of any date after the date of this
prospectus supplement.
TABLE OF CONTENTS

Page
Prospectus Supplement

ABOUT THIS PROSPECTUS SUPPLEMENT

S-3
WHERE YOU CAN FIND MORE INFORMATION

S-4
SUMMARY

S-5
RISK FACTORS

S-7
USE OF PROCEEDS

S-7
CAPITALIZATION

S-8
DESCRIPTION OF THE NOTES

S-9
UNDERWRITING
S-23
VALIDITY OF THE NOTES
S-24
Prospectus
ABOUT THIS PROSPECTUS

2
RISK FACTORS

4
FORWARD-LOOKING INFORMATION

4
PPL CORPORATION

6
PPL CAPITAL FUNDING, INC.

8
PPL ENERGY SUPPLY, LLC

8
PPL ELECTRIC UTILITIES CORPORATION
10
USE OF PROCEEDS
12
RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED STOCK DIVIDENDS
12
WHERE YOU CAN FIND MORE INFORMATION
13
EXPERTS
15
VALIDITY OF THE SECURITIES AND THE PPL GUARANTEES
15
As used in this prospectus, the terms "we," "our" and "us" may, depending on the context, refer to PPL Energy
Supply, LLC ("PPL Energy Supply"), or to PPL Energy Supply together with PPL Energy Supply's consolidated
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Form 424(B)(2)
subsidiaries, taken as a whole.

S-2
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Form 424(B)(2)
Table of Contents
ABOUT THIS PROSPECTUS SUPPLEMENT
This prospectus supplement is part of a registration statement that PPL Energy Supply has filed with the Securities
and Exchange Commission (the "SEC") utilizing a "shelf" registration process. Under this shelf process, we are
offering to sell the Notes, using this prospectus supplement and the accompanying prospectus. This prospectus
supplement describes the specific terms of this offering. The accompanying prospectus and the information
incorporated by reference therein describe our business and give more general information, some of which may
not apply to this offering. Generally, when we refer only to the "prospectus," we are referring to both parts
combined. You should read this prospectus supplement together with the accompanying prospectus before making
a decision to invest in the Notes. If the information in this prospectus supplement or the information incorporated
by reference in this prospectus supplement is inconsistent with the accompanying prospectus, the information in
this prospectus supplement or the information incorporated by reference in this prospectus supplement will apply
and will supersede that information in the accompanying prospectus.
Certain affiliates of PPL Energy Supply, specifically PPL Corporation, PPL Capital Funding, Inc. and PPL
Electric Utilities Corporation, have also registered their securities on the "shelf" registration statement referred to
above. However, the Notes are solely obligations of PPL Energy Supply and not of PPL Corporation or any of
PPL Corporation's other subsidiaries or of any other affiliate of PPL Energy Supply. None of PPL Corporation,
PPL Capital Funding, Inc. or PPL Electric Utilities Corporation or any of PPL Energy Supply's subsidiaries or
other affiliates will guarantee or provide any credit support for the Notes.

S-3
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Form 424(B)(2)
Table of Contents
WHERE YOU CAN FIND MORE INFORMATION
Available Information
PPL Energy Supply files reports and other information with the SEC. You may obtain copies of this information
by mail from the Public Reference Room of the SEC, 100 F Street, N.E., Room 1580, Washington, D.C. 20549, at
prescribed rates. Further information on the operation of the SEC's Public Reference Room in Washington, D.C.
can be obtained by calling the SEC at 1-800-SEC-0330.
Our parent, PPL Corporation, maintains an Internet Web site at www.pplweb.com. On the Investor Center page of
that Web site, PPL Corporation provides access to PPL Energy Supply's SEC filings free of charge, as soon as
reasonably practicable after filing with the SEC. The information at PPL Corporation's Web site is not
incorporated in this prospectus supplement by reference, and you should not consider it a part of this prospectus
supplement. PPL Energy Supply's filings are also available at the SEC's Web site (www.sec.gov).
In addition, reports and other information concerning PPL Energy Supply can be inspected at its offices at Two
North Ninth Street, Allentown, Pennsylvania 18101-1179.
Incorporation by Reference
PPL Energy Supply will "incorporate by reference" information into this prospectus supplement by disclosing
important information to you by referring you to other documents that it files separately with the SEC. The
information incorporated by reference is deemed to be part of this prospectus supplement, and later information
that we file with the SEC will automatically update and supersede that information. This prospectus supplement
incorporates by reference the documents set forth below that have been previously filed with the SEC. These
documents contain important information about PPL Energy Supply.
SEC Filings
Period/Date
Annual Report on Form 10-K
Year ended December 31, 2007
Current Report on Form 8-K
Filed on January 2, 2008
Additional documents that PPL Energy Supply files with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of
the Securities Exchange Act of 1934, as amended, between the date of this prospectus supplement and the
termination of the offering of the Notes are also incorporated herein by reference.
PPL Energy Supply will provide without charge to each person, including any beneficial owner, to whom a copy
of this prospectus supplement has been delivered, a copy of any and all of its filings with the SEC. You may
request a copy of these filings by writing or telephoning PPL Energy Supply at:

Two North Ninth Street
Allentown, Pennsylvania 18101-1179
Attention: Investor Services Department
Telephone: 1-800-345-3085

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Form 424(B)(2)

S-4
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Form 424(B)(2)
Table of Contents
SUMMARY
The following summary contains information about the offering by PPL Energy Supply of its Notes. It does not
contain all of the information that may be important to you in making a decision to purchase the Notes. For a
more complete understanding of PPL Energy Supply and the offering of the Notes, we urge you to read this entire
prospectus supplement, the accompanying prospectus and the documents incorporated by reference herein
carefully, including the "Risk Factors" sections and our financial statements and the notes to those statements.
The Offering
Issuer
PPL Energy Supply, LLC.
Securities Offered
$400,000,000 aggregate principal amount of PPL Energy Supply's
6.50% Senior Notes due 2018.
Stated Maturity Date
May 1, 2018.
Interest Payment Dates
Interest on the Notes will be payable on May 1 and November 1 of
each year, commencing on November 1, 2008 and at maturity or upon
earlier redemption.
Interest Rate
6.50% per annum.
Redemption
The Notes may be redeemed at our option, in whole at any time or in
part from time to time, at the redemption prices set forth in this
prospectus supplement. The Notes will not be entitled to the benefit of
any sinking fund or other mandatory redemption and will not be
repayable at the option of the holder of a Note prior to the Stated
Maturity Date. See "Description of the Notes--Redemption."
Covenants
Under the Indenture, we have agreed to certain restrictions on
incurring secured debt and entering into certain transactions. See
"Description of the Notes--Certain Covenants."
Listing
We do not intend to list the Notes on any securities exchange.

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Form 424(B)(2)
Form and Denomination
The Notes will be initially registered in the form of one or more
global securities, without coupons, in denominations of $1,000 and
integral multiples in excess thereof, and deposited with the Trustee on
behalf of The Depository Trust Company ("DTC"), as depositary, and
registered in the name of DTC or its nominee. See "Description of the
Notes--General" and "Description of the Notes--Book-Entry Only
Issuance--The Depository Trust Company."
Ranking
The Notes will be our unsecured and unsubordinated obligations and
will rank equally with all of our other unsecured and unsubordinated
indebtedness from time to time outstanding. Because we are a holding
company, our obligations on the Notes will be effectively
subordinated to existing and future liabilities of our subsidiaries. See
"Risk Factors."

S-5
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Form 424(B)(2)
Table of Contents
Use of Proceeds
We expect to use the net proceeds from the sale of the Notes for
general corporate purposes, including capital expenditures relating to
the installation of pollution control equipment. Pending this use, such
proceeds may be loaned to other subsidiaries of PPL Corporation for
working capital purposes or invested in short-term investments.
Ratings
Our senior unsecured debt is currently rated BBB by Standard & Poor's
Ratings Services, Baa2 by Moody's Investors Service, Inc. and BBB+
by Fitch Ratings. A credit rating reflects an assessment by the rating
agency of the creditworthiness associated with an issuer and particular
securities that it issues. These ratings are not a recommendation to buy,
sell or hold any securities of PPL Energy Supply. Such ratings may be
subject to revisions or withdrawal by these agencies at any time and
should be evaluated independently of each other and any other rating
that may be assigned to the securities.
Reopening of the Series
We may, without the consent of the holders of the Notes, increase the
principal amount of the series and issue additional notes of such series
having the same ranking, interest rate, maturity and other terms (other
than the date of initial issuance and, in some circumstances, the initial
interest accrual date and the initial interest payment date) as the Notes.
See "Description of the Notes--General."
Trustee
The Bank of New York. See "Description of the Notes--Regarding
the Trustee."
Governing Law
The Notes and the Indenture are governed by the laws of the State of
New York, except to the extent the Trust Indenture Act shall be
applicable.

S-6
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Document Outline

sec.gov
- #1">Form 424(B)(2)