The Kentucky Public Service Commission has approved a settlement agreement enabling PPL subsidiaries Louisville Gas and Electric and Kentucky Utilities to recover a total of about $2.3 billion in environmental improvements at power plants to meet new, more stringent federal environmental regulations. PPL Corporation has filed a document with the U.S. Securities and Exchange Commission describing the KPSC-approved agreement. Read the 8-K document filed Dec. 16, 2011.

PPL Chairman and CEO to Retire March 31; Spence Named CEO

PPL Corporation announced Nov. 17 that James H. Miller, the company's top executive since 2006, will retire on March 31, 2012. PPL also announced that, effective immediately, William H. Spence, PPL president and chief operating officer, has been named chief executive officer of the $17 billion, multi-national company. Spence also has been elected to PPL's board of directors. >>_read_more