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PPL CORPORATION AND SUBSIDIARIES, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE

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                 No. 12-43

                   Xn the
S'upreme (court of the ofniteb 'tate


   PPL CORPORATION AND SUBSIDIARIES,
                                 PETITIONERS,
                    V.
  COMMISSIONER OF INTERNAL REVENUE,
                                 RESPONDENT.

  On Writ of Certiorari to the United States
    Court of Appeals for the Third Circuit


         BRIEF FOR PETITIONERS


ASHLEY C. PARRISH
KING & SPALDING LLP
1700 Pennsylvania Ave. NW
Washington, DC 20006
(202) 737-0500

RICHARD E. MAY
MARK B. BIERBOWER
TIMOTHY L. JACOBS
HUNTON & WILLIAMS LLP
2200 Pennsylvania Ave. NW
Washington, DC 20037
(202) 955-1578


PAUL D. CLEMENT
Counsel of Record
ERIN E. MURPHY
BANCROFT PLLC
1919 M St. NW, Suite 470
Washington, DC 20036
pclement@bancroftpllc.com
(202) 234-0090


              Counsel for Petitioners
December 13, 2012