Policies, Values and Statements

PPL Standards of Conduct and Integrity
The Standards of Integrity provides guidelines for the way in which PPL Corporation and its subsidiaries for which it has operating control expect employees to conduct business. Adherence to PPL's Standards means behaving in law-abiding and ethical ways in all business activities and relationships. Several commitments are basic to our standards. Among these commitments, which affect both the company and its many stakeholders, are the following:

Our commitment to safety: We place a high priority on the safety of our people and the public. No job we do or service we perform is so urgent that we cannot take the proper time and use the necessary equipment and procedures to do it safely. Our commitment to everyone who shares an interest in PPL: We are an organization that is here to serve effectively. PPL values its reputation as a good corporate citizen and is committed to enhancing the economic prosperity and quality of life in the communities we serve. Our commitment always to act with integrity: We believe the ends do not justify the means. We must always act in a way that upholds both the spirit and the letter of laws, rules or policies to reach a favorable outcome. Our commitment to people: We strive to create an environment of mutual respect free from inappropriate behavior, such as harassment or discrimination. We value diversity in our employees, customers, suppliers and the communities we serve. Our commitment to being forthright: We are honest and forthright in our actions and communications. At times we may make mistakes. However, we admit our mistakes and try to learn from them so we can improve. Our commitment to compliance with laws: We must comply with applicable laws and regulations. Our commitment to maintain an open climate: We encourage constructive discussion and debate as part of problem-solving and decision-making when evaluating alternatives to help ensure that we arrive at the best solution to an issue. Our commitment to avoid conflicts of interest: We do not let personal interests interfere with Company business or influence our business judgment. We need to withdraw from situations that create a conflict of interest or give such an appearance. Our commitment to safeguard assets: We use Company property for business purposes and are responsible for safeguarding all assets assigned to us, including information.

Our commitment to personal accountability: We accept personal accountability for our actions and decisions. We keep our commitments and strive for personal excellence as well as team success. Our commitment to the environment: We are committed to conducting our business as responsible stewards of the environment by complying with environmental laws and regulations, promoting awareness about protecting the environment and recycling reusable materials. Our commitment to compliance with laws We must comply with applicable laws and regulations. Our commitment to maintain an open climate We encourage constructive discussion and debate as part of problem-solving and decision-making when evaluating alternatives to help ensure that we arrive at the best solution to an issue. Our commitment to avoid conflicts of interest We do not let personal interests interfere with company business or influence our business judgment. We need to withdraw from situations that create a conflict of interest or give such an appearance. Our commitment to safeguard assets We use company property for business purposes and are responsible for safeguarding all assets assigned to us, including information. Our commitment to personal accountability We accept personal accountability for our actions and decisions. We keep our commitments and strive for personal excellence as well as team success. Our commitment to the environment We are committed to conducting our business as responsible stewards of the environment by complying with environmental laws and regulations, promoting awareness about protecting the environment and recycling reusable materials.

A corporate director of Business Ethics and Compliance oversees the implementation of PPL's business ethics and compliance program for U.S. and international operations. All employees worldwide complete training and periodic refresher courses on PPL's Standards of Conduct and Integrity.

EthicsHelpline
PPL's EthicsHelpline provides 24-hour telephone and e-mail service for business ethics and compliance assistance, including:

• Clarification of ethics and compliance questions.
• Reporting suspected misconduct, violations of law or violations of PPL’s standards.
• Assistance with employee concerns.

PPL's EthicsHelpline is administered by PPL's Business Ethics and Compliance Office. Anonymous contacts may be made using the telephone service, in writing to PPL's director-Business Ethics and Compliance, or by e-mail using the company's internal Web system.

PPL Safety Policy
The safety of our people is a major corporate priority. No job we do or service we provide is so urgent that we cannot take the time and use the necessary equipment to do it safely.

It is the responsibility of the line organization and each of its supervisors to provide the leadership, the direction and the equipment to accomplish the job safely and efficiently. Each employee must assume responsibility for his or her own actions consistent with established safety rules.

It is the safety organization's responsibility to inform and assist line management in the development and implementation of appropriate safety programs.

Supervisors and non-supervisors must be committed to personal safety, the safety of people we work with and the safety of the public we serve.

Laws Concerning Bribery of Foreign Officials
PPL policy and the laws of many countries in which PPL does business prohibit employees, agents or any PPL subsidiary company from giving or offering to give money or anything of value to a foreign government official, a foreign political party, party official, candidate for political office or an official of certain international organizations, such as the United Nations, for the purpose of influencing any act or decision of that official; obtaining, retaining or directing business to any person, or securing any improper advantage. The full policy is in PPL's Standards of Conduct and Integrity.

Operational Risk Management
Operational risk management is an important part of PPL's disciplined and consistent way of measuring, monitoring and managing its operation.

Through sophisticated quantitative analysis, PPL determines which risks are appropriate and which opportunities provide the best long-term benefits. PPL uses this analysis for a range of issues.

Employee Performance Assessment
PPL Corporation assesses the performance of management and supervisory employees annually on factors that include safety, diversity/respect for others and business ethics. PPL expects employees worldwide to exemplify, promote and practice these attributes.

 This page addresses the following GRI indicators: 2.9, 3.7, 3.13, 3.16, HR1, HR8, SO2 and PR9