1990s

The electric industry enters an era of consolidation and deregulation. As a result, Pennsylvania Power & Light restructures from a geographically organized traditional electric utility in a natural monopoly environment to a functionally organized electric power supplier in a competitive environment.
In 1994, Pennsylvania Power & Light forms a holding company, PP&L Resources Inc., to serve as parent to the regulated electric utility, and to a newly formed, unregulated subsidiary called Power Markets Development Company, created to invest in power projects domestically and overseas. PP&L Resources later becomes PPL Corporation and Power Markets Development Company later becomes PPL Global.
Pennsylvania Power & Light produces its first comprehensive environmental report for shareowners, customers, employees and the public.
Pennsylvania Power & Light is one of 12 test sites chosen nationally to partner with General Motors to promote electric vehicles.

1995

Shareowners approve the new holding company structure.
PP&L Resources forms Spectrum Energy Services Corp., which would later become known as PPL Spectrum, to develop business opportunities related to the electric energy business.
PP&L Resources form the Energy Marketing Center to buy and sell wholesale electricity.

1996

Pennsylvania Power & Light becomes the first Pennsylvania utility to endorse generation market competition.
Power Markets Development Co. purchases a 25 percent interest in a British regional electric company, South Western Electricity, plc, from its co-owner Southern Energy Inc.
Representatives from Pennsylvania Power & Light help craft legislation that provides customers with choice of their electricity generation supplier. The legislation is signed into law in early December.

1997

Power Markets Development Co. purchases a 25.2 percent interest in Empresas Emel S.A., a Chilean holding company with electric utility operations in Chile and Bolivia.
Pennsylvania Power & Light becomes the first utility to receive a license from the Pennsylvania Public Utility Commission to sell electricity and energy services in Pennsylvania's newly deregulated market.
Pennsylvania Power & Light forms the Retail Energy Supply group, later to become PPL EnergyPlus, to serve customers in the unregulated markets.
The company's utility operations become PP&L, Inc.; its services business, Spectrum Energy Services Corporation, becomes PP&L Spectrum; and Power Markets Development Co. becomes PP&L Global.
PP&L Resources begins acquiring mechanical contracting and engineering companies in the Mid-Atlantic region.

1998

PP&L Global, along with its Chilean partner, Empresas Emel S.A., acquires a 75 percent interest in Distributidora de Electricidad del Sur, S.A. de C.V. (Delsur), an electricity distributor in El Salvador.
PP&L Global announces plans to develop natural gas-fired power plants in Wallingford, Conn.; Kingman, Ariz.; and Mount Bethel, Pa.
PP&L Global increases its equity interest in South Western Electricity, plc, the electric distribution company in England, to 51 percent and owned 49 percent of the voting interest.
PP&L Resources acquires Penn Fuel Gas and officially enteres the retail gas business. Penn Fuel Gas, later to become PPL Gas Utilities, sells natural gas and propane to 100,000 customers throughout Pennsylvania and in a small area of Maryland.
PP&L Global agrees to acquire 13 Montana power plants, with more than 2,600 megawatts of generating capacity. The acquisition is the largest in the history of PP&L Resources.

1999

PP&L, Inc. closes the 45-year-old coal-fired unit at its Holtwood power plant in Lancaster, Pa., and sells the four-unit, coal-fired Sunbury generating facility.
PP&L Resources acquires the energy marketing and trading operation of the Montana Power Co.
PP&L Global acquires most of the electric generating assets of Bangor Hydro-Electric Company in Maine.
South Western Electricity plc, an affiliate of PP&L Global and Southern Energy Inc., sells the supply business of its operations and changes its name to Western Power Distribution, plc.
PP&L Global increases its interest in Empresas Emel S.A., bringing its ownership to 95.3 percent.