PPL 8K Corp 1-2-07


Washington, D.C. 20549



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  December 26, 2006

Commission File
Registrant; State of Incorporation;
Address and Telephone Number
IRS Employer
Identification No.
PPL Corporation
(Exact name of Registrant as specified in its charter)
Two North Ninth Street
Allentown, PA 18101-1179
(610) 774-5151

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:

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



Section 5 - Corporate Governance and Management
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans.

On December 26, 2006, PPL Corporation (“PPL”) received notice from the plan administrator of the PPL Employee Stock Ownership Plan (the “ESOP”) that the ESOP will be in a blackout period that is expected to begin at 4:00 p.m. Eastern time on January 31, 2007 and to end at 4:00 p.m. Eastern time on February 14, 2007.

Effective August 1, 2006, the ESOP was enhanced to provide participants with more flexibility and enhanced services in managing the shares of PPL common stock held in their ESOP accounts, including the ability to execute transactions on any business day. In connection with these changes, Fidelity Investments Institutional Services Company, Inc. (“Fidelity Investments”) became the new provider of trustee and recordkeeping services for the ESOP. Prior to August 1, 2006, PPL had provided these services. The blackout period is required to enable Fidelity Investments to complete the annual allocation of shares of PPL common stock to eligible participants for 2007 and to remove the transferability restriction on shares allocated to participants in 2004. During the blackout period, participants will not be able to request withdrawals, distributions or diversification exchanges of their eligible shares from the ESOP.

On January 2, 2007, PPL sent a notice of the blackout period to the members of its Board of Directors and its executive officers pursuant to Section 306 of the Sarbanes-Oxley Act of 2002 and Section 104 of Regulation BTR of the Securities Exchange Act of 1934. The form of notice to directors and executive officers is attached as Exhibit 99.1 hereto.
During the blackout period and for a period of two years after the ending date of the blackout period, a participant in the ESOP, a security holder of PPL or other interested persons may obtain information regarding the actual ending date of the blackout period. To obtain such information, without charge, and for all other inquiries regarding the blackout period, PPL may be contacted at: PPL Corporation, Two North Ninth Street, Allentown, PA 18101-1179; Attention: Investor Services (toll-free telephone: 1-800-345-3085).

Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits

99.1 -
Form of Notice, dated January 2, 2007, to directors and executive officers of PPL Corporation


Pursuant to the requirements of 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.

/s/ Matt Simmons                           
Matt Simmons
Vice President and Controller

Dated: January 3, 2007