News Releases

PPL Corporation (NYSE: PPL) Friday declared a quarterly dividend on common stock of 26.5 cents per share, payable Oct. 1, 2001, to shareowners of record Sept. 10, 2001.

(Photo: http://www.newscom.com/cgi-bin/prnh/19981015/PHTH025 )

In addition, PPL Electric Utilities Corp., a subsidiary of PPL Corporation, declared the following quarterly dividends on its preferred stock, payable Oct. 1, 2001, to shareowners of record Sept. 10, 2001.

  Preferred                               Preferred (cont.)
  4.50%                    $1.125          6.125% Series       $1.53125
  3.35% Series            $0.8375           6.15% Series        $1.5375
  4.40% Series              $1.10           6.33% Series        $1.5825
  4.60% Series              $1.15           6.75% Series        $1.6875

PPL Corporation, headquartered in Allentown, Pa., generates electricity at power plants in Pennsylvania, Maine and Montana; markets wholesale or retail energy in 42 U.S. states and Canada; and delivers electricity to nearly 6 million customers in Pennsylvania, in the United Kingdom and in Latin America.

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SOURCE: PPL Corporation

Contact: John R. Biggar, +1-610-774-5613, or Timothy J. Paukovits,
+1-610-774-4124, or Fax: +1-610-774-5281, both of PPL Corporation

Website: http://www.pplnewsroom.com/

Website: http://www.pplweb.com/