Hunton Andrews Kurth advised the underwriters on the deal.
PPL Electric Utilities Corporation (“PPL Electric”) entered into an underwriting agreement (the “Underwriting Agreement”) with BMO Capital Markets Corp., RBC Capital Markets, LLC and Wells Fargo Securities, LLC, as underwriters (the “Underwriters”), relating to the offering and sale by PPL Electric of $250 million of First Mortgage Bonds, Floating Rate Series due 2023 (the “Bonds”).
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 (Picture), Adam R. O’Brian, Brendan P. Harney and S. Ashley Jaber. Robert McNamara and Tim Strother provided tax advice.
Involved fees earner: Brendan Harney – Hunton Andrew Kurth; Ashley Jaber – Hunton Andrew Kurth; Robert McNamara – Hunton Andrew Kurth; Adam O’Brian – Hunton Andrew Kurth; Peter O’Brien – Hunton Andrew Kurth; Tim Strother – Hunton Andrew Kurth;
Law Firms: Hunton Andrew Kurth;