Fitch rates PPL Energy notes BBB+

Fitch Ratings said it assigned a BBB+ rating to PPL Energy Supply, LLC's $300 million of 6.3% senior notes due July 15, 2013.

The outlook is stable.

Proceeds will be used to fund capital expenditures, including those relating to the installation of pollution control equipment and the repayment of short-term debt.

Ratings reflect sound credit profile, competitive position and improving market fundamentals in the mid-Atlantic and northeast regions, the agency said.

The risk of an extended coal or nuclear outage remains the primary credit concern, Fitch said.

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