PPL Corporation and PPL Electric Utilities Declare Quarterly Dividends

PPL Corporation (NYSE: PPL) Friday (5/25) declared a quarterly dividend on common stock of 26.5 cents per share, payable July 1, 2001, to shareowners of record June 8, 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 July 1, 2001, to shareowners of record June 8, 2001.

  Preferred                  Preferred (cont.)
  4-1/2%          $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

In the first quarter of 2001, PPL Corporation achieved record earnings for the sixth consecutive quarter. First-quarter earnings were $1.52 per diluted share, a 54 percent increase over the same period of 2000. PPL's dramatic growth in 2000 and 2001 can be traced directly to the success of its strategies in the non-regulated generation and energy marketing sectors. About 80 percent of the company's earnings now are derived from its non- regulated generation, marketing and international operations.

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.


NewsCom: http://www.newscom.com/cgi-bin/prnh/19981015/PHTH025

PRN Photo Desk, 888-776-6555 or 212-782-2840

SOURCE: PPL Corporation

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

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

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