PPL Corporation and PPL Electric Utilities Declare Quarterly Dividends
PRNewswire
ALLENTOWN, Pa.

PPL Corporation (NYSE: PPL) Friday declared a quarterly dividend on common stock of 26.5 cents per share, payable Jan. 1, 2002, to shareowners of record Dec. 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 Jan. 1, 2002, to shareowners of record Dec. 10, 2001.

     Preferred                        Preferred (cont.)
     4.5%                $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

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

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