On May 29, 2009, PPL Corporation ("PPL" or the "Company") issued a press release announcing that its generation subsidiary has signed a definitive agreement to sell its Long Island generation business to J-POWER USA Development Co., Ltd. for approximately $135 million plus working capital. The business consists of a 79.9 megawatt, oil-fired electric generation facility located in Brookhaven, New York, a 79.9 megawatt, natural-gas-fired electric generation facility located in Brentwood, New York and related tolling agreements with Long Island Power Authority. Completion of the sale is subject to customary conditions and the receipt of necessary state and federal regulatory and other consents and approvals. Closing of the sale is expected by the end of 2009. PPL expects to take a special after-tax charge in the second quarter of 2009 in the range of $0.09 to $0.12 per share, but following completion of the sale PPL expects its cash flow to be enhanced and for the effect of the sale to be modestly accretive to the Company's earnings. PPL is not changing its current 2009 forecast of earnings from ongoing operations as a result of the sale.

A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.

(d) Exhibits

             99.1 -   Press release, dated May 29, 2009, announcing a definitive agreement for
                      the sale of PPL's Long Island generation business to J-POWER USA
                      Development Co., Ltd.