PPL to Pay Quarterly Dividends Oct. 1
PRNewswire-FirstCall
ALLENTOWN, Pa.

PPL Corporation (NYSE: PPL) today declared a quarterly dividend on its common stock of 36 cents per share, payable Oct. 1, 2002, to shareowners of record on Sept. 10, 2002.

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

In addition, PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, today declared the following quarterly dividends on its preferred stock, payable Oct. 1, 2002, to shareowners of record on Sept. 10, 2002.

    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

PPL Corporation, headquartered in Allentown, Pa., controls nearly 11,500 megawatts of generating capacity in the United States, sells energy in key U.S. markets, and delivers electricity to customers in Pennsylvania, the United Kingdom and Latin America.

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SOURCE: PPL Corporation

CONTACT: Daniel J. McCarthy, for news media, +1-610-774-5758; or Timothy
J. Paukovits, for financial community, +1-610-774-4124, or Fax:
+1-610-774-5281, both of PPL Corporation

Web site: http://www.pplweb.com/

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