We advised PPL on the offering

Davis Polk advised PPL Corporation, as issuer, in connection with its SEC-registered at-the-market offering program. Pursuant to the terms of the program, PPL may issue, offer and/or sell, including sales made pursuant to forward sales agreements, shares of its common stock, par value $0.01 per share, with an aggregate value of up to $2 billion.

PPL, headquartered in Allentown, Pennsylvania, is a leading U.S. energy company focused on providing electricity and natural gas safely, reliably and affordably to more than 3.5 million customers in the United States. PPL’s high-performing, award-winning utilities are addressing energy challenges head-on by building smarter, more resilient and more dynamic power grids and advancing sustainable energy solutions.

The Davis Polk corporate team included partner Michael Kaplan and associate Christian Knoble. The equity derivatives team included partner Mark M. Mendez and associate Richard Stockton Bullitt. Partner Lucy W. Farr, counsel Danielle Rapaccioli and associate Michael Mirabella provided tax advice. Counsel Chaoyuan (Charles) Shi provided ERISA advice. All members of the Davis Polk team are based in the New York office.

 

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