PPL Corporation expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

PPL Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income attributable to company was $20 million or $0.05 per diluted share on total operating revenues of $1,805 million against net income attributable to company of $203 million or $0.54 per diluted share on total operating revenues of $2,971 million in the same period of last year. Operating income was $181 million against $384 million in the same period of previous year. Income from continuing operations before income taxes were $84 million against $267 million in the same period of previous year. Income from continuing operations after income taxes was $50 million against $210 million in the same period of last year. For the twelve months ended September 30, 2009, return on average common equity was 9.78% against 19.68% and return on average common equity-earnings from ongoing operations was 13.39% against 15.62% reported last year. Book value per share twelve months ended September 30, 2009 was $14.92 against $14.91 reported last year. For the nine months ended September 30, 2009, the company reported net income attributable to company was $254 million or $0.67 per diluted share on total operating revenues of $5,829 million against net income attributable to company of $653 million or $1.73 per diluted share on total operating revenues of $5,501 million in the same period of last year. Operating income was $697 million against $1,242 million in the same period of previous year. Income from continuing operations before income taxes were $423 million against $923 million in the same period of previous year. Income from continuing operations after income taxes was $322 million against $646 million in the same period of last year. Net cash provided by operating activities was $1,247 million against $1,161 million in the same period of previous year. Expenditures for property, plant and equipment was $821 million against $979 million in the same period of previous year. The company reaffirmed earnings guidance for the full year 2009. It reaffirmed its 2009 forecast of $1.60 to $1.90 per share in earnings from ongoing operations. Its 2009 forecast of reported earnings is $0.84 to $1.14 per share, reflecting special items recorded through Sept. 30, 2009. It projects earnings from ongoing operations of $1.60 to $1.90 per share in 2009 compared with $2.02 per share in 2008. This projected decline is primarily driven by less favorable currency exchange rates in the U.K. and higher operation and maintenance expenses, higher depreciation and lower delivery revenues in Pennsylvania. The company reaffirmed earnings guidance for the full year 2010. It reaffirmed its 2010 earnings forecast of $3.10 to $3.50 per share. It expects the significant increase in earnings that forecast for 2010 to come almost entirely from increased margins in the company's supply business.

To discuss the company's corporate strategy, growth opportunities and general business outlook