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Creation of a Direct Financial Obligation or an Obligation under an

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Section8 - Other Events

Item8.01 Other Events

On September28, 2015, PPL Electric Utilities Corporation (PPL Electric) entered into an underwriting agreement (the Underwriting Agreement) with Barclays Capital Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as representatives of the several underwriters (the Underwriters), relating to the offering and sale by PPL Electric of $350 million of 4.150% First Mortgage Bonds due 2045 (the Bonds).

The Bonds were issued on October1, 2015, under PPL Electrics Indenture (the 2001 Indenture), dated as of August1, 2001, to The Bank of New York Mellon, as trustee, as previously supplemented and as supplemented by Supplemental Indenture No.17 thereto (the Supplemental Indentu re), dated as of October1, 2015 (collectively, the Indenture).The Bonds will be secured by the lien of the Indenture, which creates a lien on substantially all of PPL Electrics distribution properties and certain of its...


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