PP&L Resources Inc. said Thursday (8/31) afternoon that its board of directors had adjourned its meeting today in Allentown and will continue its deliberations with respect to PECO's unsolicited acquisition proposal of Aug. 14.

The company said that when the board of directors has concluded its consideration of the PECO proposal, an announcement will be made regarding its decision.

William F. Hecht, PP&L chairman, president and CEO said, "our board will not make a decision until it has completed the necessary evaluation. The board is taking the time necessary to completely understand each aspect of this complex topic so they can make a reasoned decision. We will not rush into a hasty decision."