PPL Corp. is a holding company, which engages in the generation, transmission, and distribution of electricity and sale of gas. It operates through the following segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated. The U.K. regulated segment includes electricity distribution operations. The Kentucky Regulated segment owns and operates regulated public utilities engaged in the generation, transmission, distribution, and sale of electricity and distribution and sale of natural gas. The Pennsylvania Regulated segment consists of the distribution and transmission of electricity. The company was founded in 1920 and is headquartered in Allentown, PA.