March 2, 2023
Hunton Andrews Kurth LLP represented the underwriters in connection with SEC-registered offerings by PPL Electric Utilities Corporation (“PPL EU”) of $600 million aggregate principal amount of its 5.00% First Mortgage Bonds, Series due 2033 and $750 million aggregate principal amount of its 5.25% First Mortgage Bonds, Series due 2053. The transaction closed on March 2, 2023.
PPL EU, headquartered in Allentown, Pennsylvania, is a direct wholly owned subsidiary of PPL Corporation and a regulated public utility that is an electricity transmission and distribution service provider in eastern and central Pennsylvania. PPL EU is subject to regulation as a public utility by the Pennsylvania Public Utility Commission, and certain of its transmission activities are subject to the jurisdiction of the Federal Energy Regulatory Commission under the Federal Power Act. PPL EU delivers electricity in its Pennsylvania service area and provides electricity supply to retail customers in that area as a provider of last resort under the Pennsylvania Electricity Generation Customer Choice and Competition Act.
The Hunton Andrews Kurth team included Peter K. O’Brien, Brendan P. Harney and Reuben H. Pearlman. Robert McNamara and Tim Strother provided tax advice.