May 25, 2001
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.
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.
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