Most PPL Electric Utilities Customers to Have Lower Rates in 2002
PRNewswire
ALLENTOWN, Pa.

The Pennsylvania Public Utility Commission has approved rate changes that will result in a small reduction for more than 1.1 million residential customers of PPL Electric Utilities. Rates will increase slightly for some customers on other rate schedules.

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The changes, which take effect Jan. 1, result from a reduction in the company's Transition Charge and an increase in state taxes on electric utilities. The effect on customers' bills depends on their rate schedule and how much electricity they use.

A residential customer on the RS Rate Schedule who uses 500 kilowatt-hours of electricity in a month will pay $47.44 in 2002, a reduction of 20 cents from the 2001 level.

The total bill for a commercial customer on the GS-1 Rate Schedule who uses 2,000 kilowatt-hours of electricity and has a demand of 5 kilowatts increases from $180.02 to $181.72 per month, or by 0.9 percent.

These rates apply only to electricity that customers use after Dec. 31. January bills will reflect a partial effect of the new rates.

The state tax increase will be imposed in 2002 under a provision of the Customer Choice Act that mandates that the state will not lose tax revenue as a result of competition in the retail electricity market.

The Transition Charge reduction is part of the annual reconciliation of rates provided for by the Customer Choice Act. Transition Charges are approved by the PUC and are part of every customer's bill through 2009.

PPL Electric Utilities delivers electricity to 1.3 million customers in 29 counties of eastern and central Pennsylvania.

PPL Electric Utilities Corporation is a subsidiary of PPL Corporation (NYSE: PPL). Headquartered in Allentown, Pa., PPL Corporation 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, the United Kingdom and Latin America.

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SOURCE: PPL Corporation

Contact: George Lewis of PPL, +1-610-774-5997

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

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