News Releases

PPL Corporation (NYSE: PPL) today declared a quarterly dividend on its common stock of $0.41 per share, payable Jan. 1, 2005, to shareowners of record Dec. 10, 2004. This is the company's 236th consecutive quarterly dividend.

In addition, PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, today declared the following quarterly dividends on its preferred stock, payable Jan. 1, 2005, to shareowners of record Dec. 10, 2004.

  Preferred
  4-1/2%          $1.125
  3.35% Series    $0.8375
  4.40% Series    $1.10
  4.60% Series    $1.15
  6.75% Series    $1.6875

PPL Corporation, headquartered in Allentown, Pa., controls more than 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to nearly 5 million customers in Pennsylvania, the United Kingdom and Latin America. More information is available at http://www.pplweb.com/.

SOURCE: PPL Corporation

CONTACT: Timothy J. Paukovits, for financial community, +1-610-774-4124,
or George E. Biechler, for news media, +1-610-774-5997, both of PPL
Corporation, Fax: +1-610-774-5281

Web site: http://www.pplweb.com/