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ALLENTOWN, Pa., Nov. 15, 2012 /PRNewswire/ -- PPL Energy Supply, LLC (the "Company") announced today the commencement of a private offer to exchange up to all but not less than a majority of 8.857% Senior Secured Bonds due 2025 of its wholly owned subsidiary PPL Ironwood, LLC (CUSIP No. 00103XAC7) (the "Ironwood Bonds") for 2.375% Senior Notes due 2017 of the Company (the "New Notes") to be issued in a private placement by the Company. The Ironwood Bonds exchanged in connection with...