for the u.k. regulated businesses , during the rate review period applicable for the eight year period beginning april 1 , 2015 , 80 % of network related expenditures are added to the rav and , together with adjustments for inflation and a return on the rav , recovered through allowed revenue over 35 years ( 45 years for additions after april 1 , 2023 ) ; rav is intended to represent expenditures that have a long-term benefit to wpd ( similar to capital projects for the u.s. regulated businesses ) with other expenditures being recovered in the current year . the rav balance at march 31 , 2015 will continue to be recovered over 20 years . ( ppl ) earnings generated by ppl 's u.k. subsidiaries are subject to foreign currency translation risk . the u.k. subsidiaries also have currency exposure to the u.s. dollar to the extent they have u.s. dollar denominated debt . to manage these risks , ppl generally uses contracts such as forwards , options and cross currency swaps that contain characteristics of both interest rate and foreign currency exchange contracts . ( ppl and ppl energy supply ) in june 2014 , ppl and ppl energy supply executed definitive agreements with affiliates of riverstone to combine their competitive power generation businesses into a new , stand-alone , publicly traded company named talen energy . under the terms of the agreements , at closing , ppl will spin off to ppl shareowners a newly formed entity , talen energy holdings , inc. ( holdco ) , which at such time will own all of the membership interests of ppl energy supply and all of the common stock of talen energy . immediately following the spinoff , holdco will merge with a special purpose subsidiary of talen energy , with holdco continuing as the surviving company to the merger and as a wholly owned subsidiary of talen energy and the sole owner of ppl energy supply . substantially contemporaneous with the spinoff and merger , rjs power will be contributed by its owners to become a subsidiary of talen energy . following completion of these transactions , ppl shareowners will own 65 % of talen energy and affiliates of riverstone will own 35 % . ppl will have no continuing ownership interest in , control of , or affiliation with talen energy . see `` item 1. business , `` `` item 1a . risk factors `` and `` financial and operational developments - other financial and operational developments - anticipated spinoff of ppl energy supply `` below for additional information . the strategy for ppl energy supply is to optimize the value from its competitive generation asset and marketing portfolios while mitigating near-term volatility in both cash flows and earnings . ppl energy supply endeavors to do this by matching energy supply with load , or customer demand , under contracts of varying durations with creditworthy counterparties to capture profits while effectively managing exposure to energy and fuel price volatility , counterparty credit risk and operational risk . ppl energy supply is focused on maintaining profitability and positive cash flow during this current period of low energy and capacity prices . ( all registrants ) to manage financing costs and access to credit markets , and to fund capital expenditures , a key objective of the registrants is to maintain targeted credit profiles and liquidity positions . in addition , the registrants have financial and operational risk management programs that , among other things , are designed to monitor and manage exposure to earnings and cash flow volatility related to , as applicable , changes in energy and fuel prices , interest rates , counterparty credit quality and the operating performance of generating units . to manage these risks , ppl generally uses contracts such as forwards , options , swaps and insurance contracts . 43 financial and operational developments earnings ( ppl ) ppl 's earnings by reportable segment were as follows : replace_table_token_18_th ( a ) in november 2014 , ppl montana completed the sale of 633mw of hydroelectric generating facilities to northwestern . ppl recognized a pre-tax gain of $ 237 million ( $ 137 million after-tax ) as a result of the transaction . 2013 includes a charge of $ 697 million ( $ 413 million after-tax ) for the termination of the operating lease of the colstrip coal-fired electricity generating facility and an impairment charge of $ 65 million ( $ 39 million after-tax ) for the corette coal-fired plant and related emission allowances . see notes 8 and 16 to the financial statements for additional information . ( b ) primarily represents financing and certain other costs incurred at the corporate level that have not been allocated or assigned to the segments , which are presented to reconcile segment information to ppl 's consolidated results . 2014 includes most of the costs related to the anticipated spinoff of ppl energy supply . see the following table of special items for additional information . for 2012 , there were no significant amounts in this category . ( c ) see `` 2011 equity units `` below and note 4 to the financial statements for information on the equity units ' impact on the calculation of 2014 and 2013 diluted eps . the following after-tax gains ( losses ) , in total , which management considers special items , impacted ppl 's results . replace_table_token_19_th ( a ) 2014 includes $ 46 million of deferred income tax expense to adjust valuation allowances on deferred tax assets for state net operating loss carryforwards , $ 17 million of external transition and transaction costs and $ 12 million of ppl services ' separation benefits related to the anticipated spinoff of ppl energy supply . see note 8 to the financial statements for additional information . story_separator_special_tag regional transmission expansion plan ( ppl and ppl electric ) in july 2014 , ppl electric announced that it had submitted a proposal to pjm to build a new regional transmission line . as currently proposed , ppl electric is pursuing approval of this project from pennsylvania , new jersey , new york and maryland . the proposed line would run from western pennsylvania into new york and new jersey and also south into maryland , covering approximately 725 miles . the proposed line would enhance the ability to move power inter-regionally and intra-regionally improving reliability and cost effectiveness . as proposed , the project would begin in 2017 and the line would be in operation between 2023 and 2025. the project is estimated to cost $ 4 billion to $ 6 billion and requires numerous approvals from ferc , pjm and new york independent system operator . there can be no assurance , however , that the project will be approved as proposed . additionally , ppl electric is continuing to study the project and may modify it in the future . 48 storm damage expense rider ( sder ) ( ppl electric ) in its december 28 , 2012 final rate case order , the puc directed ppl electric to file a proposed sder . in march 2013 , ppl electric filed its proposed sder with the puc and , as part of that filing , requested recovery of the 2012 qualifying storm costs related to hurricane sandy . in april 2014 , the puc issued a final order approving the sder with a january 1 , 2015 effective date and initially including actual storm costs compared to collections from december 2013 through november 2014. as a result of the order , ppl electric reduced its 2013 regulatory liability by $ 12 million related to collections in excess of costs incurred from january 1 , 2013 to november 30 , 2013 that are not required to be refunded to customers . also , as part of the order , ppl electric was authorized to recover hurricane sandy storm damage costs through the sder over a three-year period beginning january 2015. on june 20 , 2014 , the office of consumer advocate ( oca ) filed a petition for review of the april 2014 order with the commonwealth court of pennsylvania . on december 3 , 2014 , the oca filed a complaint against ppl electric 's initial sder filing . in january 2015 , the puc issued a final order closing the investigation and modifying the effective date of the sder to february 1 , 2015. see `` pennsylvania activities - storm damage expense rider `` in note 6 to the financial statements for additional information . ferc wholesale formula rates ( lke and ku ) in september 2013 , ku filed an application with the ferc to adjust the formula rate under which ku provides wholesale requirements power sales to 12 municipal customers . among other changes , the application requests an amended formula whereby ku would charge cost-based rates with a subsequent true-up to actual costs , replacing the current formula which does not include a true-up . ku 's application proposed an authorized return on equity of 10.7 % . certain elements , including the new formula rate , became effective april 23 , 2014 , subject to refund . in april 2014 , nine municipalities submitted notices of termination , under the original notice period provisions , to cease taking power under the wholesale requirements contracts . such terminations are to be effective in 2019 , except in the case of one municipality with a 2017 effective date . in addition , a tenth municipality has a previously settled termination date of 2016. in july 2014 , ku agreed on settlement terms with the two municipal customers that did not provide termination notices and filed the settlement proposal with the ferc for its approval . in august 2014 , the ferc issued an order on the interim settlement agreement allowing the proposed rates to become effective pending a final order . if approved , the settlement agreement will resolve the rate case with respect to these two municipalities , including an authorized return on equity of 10 % or the return on equity awarded to other parties in this case , whichever is lower . also in july 2014 , ku made a contractually required filing with the ferc that addressed certain rate recovery matters affecting the nine terminating municipalities during the remaining term of their contracts . ku and the terminating municipalities continue settlement discussions in this proceeding . ku can not currently predict the outcome of its ferc applications regarding its wholesale power agreements with the municipalities . rate case proceedings ( lke , lg & e and ku ) on november 26 , 2014 , lg & e and ku filed requests with the kpsc for increases in annual base electricity rates of approximately $ 30 million at lg & e and approximately $ 153 million at ku and an increase in annual base gas rates of approximately $ 14 million at lg & e . the proposed base rate increases would result in electricity rate increases of 2.7 % at lg & e and 9.6 % at ku and a gas rate increase of 4.2 % at lg & e and would become effective in july 2015. lg & e 's and ku 's applications each include a request for authorized returns-on-equity of 10.50 % . the applications are based on a forecasted test year of july 1 , 2015 through june 30 , 2016. a number of parties have been granted intervention requests in the proceedings . a hearing on the applications is scheduled to commence on april 21 , 2015. lg & e and ku can not predict the outcome of these proceedings . results of operations ( ppl ) the discussion for ppl provides a review of

liquidity and capital resources ( all registrants ) the registrants ' cash flows from operations and access to cost effective bank and capital markets are subject to risks and uncertainties . see `` item 1a . risk factors '' for a discussion of risks and uncertainties that could affect the registrants ' cash flows . the registrants had the following at : replace_table_token_87_th ( a ) at december 31 , 2014 , $ 285 million of cash and cash equivalents were denominated in gbp . if these amounts would be remitted as dividends , ppl would not anticipate a material incremental u.s. tax cost . historically , dividends paid by foreign subsidiaries have been limited to distributions of the current year 's earnings . see note 5 to the financial statements for additional information on undistributed earnings of wpd . net cash provided by ( used in ) operating , investing and financing activities for the years ended december 31 and the changes between periods were as follows . 77 replace_table_token_88_th operating activities the components of the change in cash provided by ( used in ) operating activities were as follows . replace_table_token_89_th ( ppl and ppl energy supply ) a significant portion of ppl 's supply segment and ppl energy supply 's operating cash flows is derived from its competitive baseload generation activities . see note 8 to the financial statements for information on the anticipated spinoff of ppl energy supply , expected to occur during the second quarter of 2015. ppl energy supply employs a formal hedging program for its baseload generation fleet , the objective of which is to provide a reasonable level of near-term cash flow and earnings certainty while preserving upside potential over the medium term to benefit from power price increases . see note 17 to the financial statements for further discussion . despite ppl energy supply 's hedging practices , future cash flows from operating activities are influenced by energy and capacity prices and , therefore , will fluctuate from period to period . 78 ppl 's and ppl energy supply 's contracts for the sale and purchase of electricity and fuel often require cash collateral or cash equivalents ( e.g .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources ( all registrants ) the registrants ' cash flows from operations and access to cost effective bank and capital markets are subject to risks and uncertainties . see `` item 1a . risk factors '' for a discussion of risks and uncertainties that could affect the registrants ' cash flows . the registrants had the following at : replace_table_token_87_th ( a ) at december 31 , 2014 , $ 285 million of cash and cash equivalents were denominated in gbp . if these amounts would be remitted as dividends , ppl would not anticipate a material incremental u.s. tax cost . historically , dividends paid by foreign subsidiaries have been limited to distributions of the current year 's earnings . see note 5 to the financial statements for additional information on undistributed earnings of wpd . net cash provided by ( used in ) operating , investing and financing activities for the years ended december 31 and the changes between periods were as follows . 77 replace_table_token_88_th operating activities the components of the change in cash provided by ( used in ) operating activities were as follows . replace_table_token_89_th ( ppl and ppl energy supply ) a significant portion of ppl 's supply segment and ppl energy supply 's operating cash flows is derived from its competitive baseload generation activities . see note 8 to the financial statements for information on the anticipated spinoff of ppl energy supply , expected to occur during the second quarter of 2015. ppl energy supply employs a formal hedging program for its baseload generation fleet , the objective of which is to provide a reasonable level of near-term cash flow and earnings certainty while preserving upside potential over the medium term to benefit from power price increases . see note 17 to the financial statements for further discussion . despite ppl energy supply 's hedging practices , future cash flows from operating activities are influenced by energy and capacity prices and , therefore , will fluctuate from period to period . 78 ppl 's and ppl energy supply 's contracts for the sale and purchase of electricity and fuel often require cash collateral or cash equivalents ( e.g .
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 Suspicious Activity Report : for the u.k. regulated businesses , during the rate review period applicable for the eight year period beginning april 1 , 2015 , 80 % of network related expenditures are added to the rav and , together with adjustments for inflation and a return on the rav , recovered through allowed revenue over 35 years ( 45 years for additions after april 1 , 2023 ) ; rav is intended to represent expenditures that have a long-term benefit to wpd ( similar to capital projects for the u.s. regulated businesses ) with other expenditures being recovered in the current year . the rav balance at march 31 , 2015 will continue to be recovered over 20 years . ( ppl ) earnings generated by ppl 's u.k. subsidiaries are subject to foreign currency translation risk . the u.k. subsidiaries also have currency exposure to the u.s. dollar to the extent they have u.s. dollar denominated debt . to manage these risks , ppl generally uses contracts such as forwards , options and cross currency swaps that contain characteristics of both interest rate and foreign currency exchange contracts . ( ppl and ppl energy supply ) in june 2014 , ppl and ppl energy supply executed definitive agreements with affiliates of riverstone to combine their competitive power generation businesses into a new , stand-alone , publicly traded company named talen energy . under the terms of the agreements , at closing , ppl will spin off to ppl shareowners a newly formed entity , talen energy holdings , inc. ( holdco ) , which at such time will own all of the membership interests of ppl energy supply and all of the common stock of talen energy . immediately following the spinoff , holdco will merge with a special purpose subsidiary of talen energy , with holdco continuing as the surviving company to the merger and as a wholly owned subsidiary of talen energy and the sole owner of ppl energy supply . substantially contemporaneous with the spinoff and merger , rjs power will be contributed by its owners to become a subsidiary of talen energy . following completion of these transactions , ppl shareowners will own 65 % of talen energy and affiliates of riverstone will own 35 % . ppl will have no continuing ownership interest in , control of , or affiliation with talen energy . see `` item 1. business , `` `` item 1a . risk factors `` and `` financial and operational developments - other financial and operational developments - anticipated spinoff of ppl energy supply `` below for additional information . the strategy for ppl energy supply is to optimize the value from its competitive generation asset and marketing portfolios while mitigating near-term volatility in both cash flows and earnings . ppl energy supply endeavors to do this by matching energy supply with load , or customer demand , under contracts of varying durations with creditworthy counterparties to capture profits while effectively managing exposure to energy and fuel price volatility , counterparty credit risk and operational risk . ppl energy supply is focused on maintaining profitability and positive cash flow during this current period of low energy and capacity prices . ( all registrants ) to manage financing costs and access to credit markets , and to fund capital expenditures , a key objective of the registrants is to maintain targeted credit profiles and liquidity positions . in addition , the registrants have financial and operational risk management programs that , among other things , are designed to monitor and manage exposure to earnings and cash flow volatility related to , as applicable , changes in energy and fuel prices , interest rates , counterparty credit quality and the operating performance of generating units . to manage these risks , ppl generally uses contracts such as forwards , options , swaps and insurance contracts . 43 financial and operational developments earnings ( ppl ) ppl 's earnings by reportable segment were as follows : replace_table_token_18_th ( a ) in november 2014 , ppl montana completed the sale of 633mw of hydroelectric generating facilities to northwestern . ppl recognized a pre-tax gain of $ 237 million ( $ 137 million after-tax ) as a result of the transaction . 2013 includes a charge of $ 697 million ( $ 413 million after-tax ) for the termination of the operating lease of the colstrip coal-fired electricity generating facility and an impairment charge of $ 65 million ( $ 39 million after-tax ) for the corette coal-fired plant and related emission allowances . see notes 8 and 16 to the financial statements for additional information . ( b ) primarily represents financing and certain other costs incurred at the corporate level that have not been allocated or assigned to the segments , which are presented to reconcile segment information to ppl 's consolidated results . 2014 includes most of the costs related to the anticipated spinoff of ppl energy supply . see the following table of special items for additional information . for 2012 , there were no significant amounts in this category . ( c ) see `` 2011 equity units `` below and note 4 to the financial statements for information on the equity units ' impact on the calculation of 2014 and 2013 diluted eps . the following after-tax gains ( losses ) , in total , which management considers special items , impacted ppl 's results . replace_table_token_19_th ( a ) 2014 includes $ 46 million of deferred income tax expense to adjust valuation allowances on deferred tax assets for state net operating loss carryforwards , $ 17 million of external transition and transaction costs and $ 12 million of ppl services ' separation benefits related to the anticipated spinoff of ppl energy supply . see note 8 to the financial statements for additional information . story_separator_special_tag regional transmission expansion plan ( ppl and ppl electric ) in july 2014 , ppl electric announced that it had submitted a proposal to pjm to build a new regional transmission line . as currently proposed , ppl electric is pursuing approval of this project from pennsylvania , new jersey , new york and maryland . the proposed line would run from western pennsylvania into new york and new jersey and also south into maryland , covering approximately 725 miles . the proposed line would enhance the ability to move power inter-regionally and intra-regionally improving reliability and cost effectiveness . as proposed , the project would begin in 2017 and the line would be in operation between 2023 and 2025. the project is estimated to cost $ 4 billion to $ 6 billion and requires numerous approvals from ferc , pjm and new york independent system operator . there can be no assurance , however , that the project will be approved as proposed . additionally , ppl electric is continuing to study the project and may modify it in the future . 48 storm damage expense rider ( sder ) ( ppl electric ) in its december 28 , 2012 final rate case order , the puc directed ppl electric to file a proposed sder . in march 2013 , ppl electric filed its proposed sder with the puc and , as part of that filing , requested recovery of the 2012 qualifying storm costs related to hurricane sandy . in april 2014 , the puc issued a final order approving the sder with a january 1 , 2015 effective date and initially including actual storm costs compared to collections from december 2013 through november 2014. as a result of the order , ppl electric reduced its 2013 regulatory liability by $ 12 million related to collections in excess of costs incurred from january 1 , 2013 to november 30 , 2013 that are not required to be refunded to customers . also , as part of the order , ppl electric was authorized to recover hurricane sandy storm damage costs through the sder over a three-year period beginning january 2015. on june 20 , 2014 , the office of consumer advocate ( oca ) filed a petition for review of the april 2014 order with the commonwealth court of pennsylvania . on december 3 , 2014 , the oca filed a complaint against ppl electric 's initial sder filing . in january 2015 , the puc issued a final order closing the investigation and modifying the effective date of the sder to february 1 , 2015. see `` pennsylvania activities - storm damage expense rider `` in note 6 to the financial statements for additional information . ferc wholesale formula rates ( lke and ku ) in september 2013 , ku filed an application with the ferc to adjust the formula rate under which ku provides wholesale requirements power sales to 12 municipal customers . among other changes , the application requests an amended formula whereby ku would charge cost-based rates with a subsequent true-up to actual costs , replacing the current formula which does not include a true-up . ku 's application proposed an authorized return on equity of 10.7 % . certain elements , including the new formula rate , became effective april 23 , 2014 , subject to refund . in april 2014 , nine municipalities submitted notices of termination , under the original notice period provisions , to cease taking power under the wholesale requirements contracts . such terminations are to be effective in 2019 , except in the case of one municipality with a 2017 effective date . in addition , a tenth municipality has a previously settled termination date of 2016. in july 2014 , ku agreed on settlement terms with the two municipal customers that did not provide termination notices and filed the settlement proposal with the ferc for its approval . in august 2014 , the ferc issued an order on the interim settlement agreement allowing the proposed rates to become effective pending a final order . if approved , the settlement agreement will resolve the rate case with respect to these two municipalities , including an authorized return on equity of 10 % or the return on equity awarded to other parties in this case , whichever is lower . also in july 2014 , ku made a contractually required filing with the ferc that addressed certain rate recovery matters affecting the nine terminating municipalities during the remaining term of their contracts . ku and the terminating municipalities continue settlement discussions in this proceeding . ku can not currently predict the outcome of its ferc applications regarding its wholesale power agreements with the municipalities . rate case proceedings ( lke , lg & e and ku ) on november 26 , 2014 , lg & e and ku filed requests with the kpsc for increases in annual base electricity rates of approximately $ 30 million at lg & e and approximately $ 153 million at ku and an increase in annual base gas rates of approximately $ 14 million at lg & e . the proposed base rate increases would result in electricity rate increases of 2.7 % at lg & e and 9.6 % at ku and a gas rate increase of 4.2 % at lg & e and would become effective in july 2015. lg & e 's and ku 's applications each include a request for authorized returns-on-equity of 10.50 % . the applications are based on a forecasted test year of july 1 , 2015 through june 30 , 2016. a number of parties have been granted intervention requests in the proceedings . a hearing on the applications is scheduled to commence on april 21 , 2015. lg & e and ku can not predict the outcome of these proceedings . results of operations ( ppl ) the discussion for ppl provides a review of

