SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 16, 2001
PPL Electric Utilities Corporation
----------------------------------
(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania 1-905 23-0959590
------------ ----- ----------
State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Two North Ninth Street, Allentown, Pennsylvania 18101-1179
----------------------------------------------------------
(Address of principal executive offices)
Registrant's Telephone Number, including Area Code: (610) 774-5151
--------------
----------------------------------
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
------------
On August 16, 2001, PPL Electric Utilities Corporation (the "Company")
entered into an Underwriting Agreement among the Company, Morgan Stanley & Co.
Incorporated, Banc One Capital Markets, Inc., Barclays Capital Inc., CIBC World
Markets, Mellon Financial Markets, LLC, TD Securities (USA) Inc., and
Westdeutsche Landesbanke Girozentrale (Dusseldorf) (collectively, the
"Underwriters") for the sale to the Underwriters of $300,000,000 aggregate
principal amount of the Company's Senior Secured Bonds, 5 7/8% Series due 2007
(the "2007 Bonds") and $500,000,000 aggregate principal amount of the Company's
Senior Secured Bonds, 6 1/4% Series due 2009 (the "2009 Bonds," and, together
with the 2007 Bonds, the "Bonds").
The Bonds will be issued and sold under the Company's Indenture, dated as
of August 1, 2001 to The Chase Manhattan Bank, as Trustee, as to be supplemented
by Supplemental Indenture No. 1 thereto to be dated as of August 1, 2001 (such
Indenture, as so supplemented, the "Indenture"), to be secured initially by the
Company's First Mortgage Bonds, 5 7/8% Series due August 15, 2007 (the "Series A
Bonds") and the Company's First Mortgage Bonds, 6 1/4% Series due August 15,
2009 (the "Series B Bonds," and, together with the Series A Bonds, the "First
Mortgage Bonds"), issued under the Company's Mortgage and Deed of Trust, dated
as of October 1, 1945 to Bankers Trust Company (successor to Morgan Guaranty
Trust Company of New York), as trustee, as to be supplemented by the
Sixty-eighth Supplemental Indenture thereto dated as of August 1, 2001 (such
Mortgage and Deed of Trust, as so supplemented, the "Mortgage").
ITEM 7. EXHIBITS
--------
The following exhibits are filed with reference to the Registration
Statement on Form S-3 (Registration No. 333-64880) of the Company.
(c) Exhibits
Exhibit No. Description
----------- -----------
1.1 Form of Underwriting Agreement with respect to the
Bonds
4.1 Form of Indenture
4.2 Form of Supplemental Indenture to Indenture
establishing certain terms of the Bonds
4.3 Form of Officer's Certificate establishing certain
terms of the Bonds
4.5 Form of Supplement to Mortgage establishing the
First Mortgage Bonds
4.6 Form of Compliance Administration Agreement
SIGNATURE
---------
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.
PPL ELECTRIC UTILITIES CORPORATION
By: /s/ James E. Abel
-----------------------------------------
James E. Abel
Treasurer
Dated: August 21, 2001