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NOVEMBER 20, 1998
Contact: Media Relations (610) 774-5997
PP&L Resources and PP&L, Inc. Declare Quarterly Dividends

ALLENTOWN, Pa.--- PP&L Resources, Inc. (NYSE: PPL), parent company of PP&L, Inc., Friday (11/20) declared the regular quarterly dividend on common stock of 25 cents per share, payable Jan. 1, 1999, to shareowners of record Dec. 10, 1998.

The company also declared the following quarterly dividends on its preferred stock, payable Jan. 1, 1999, to shareowners of record Dec. 10, 1998:

Preferred

4 1/2%.....................$1.125

3.35% Series..........$.8375

4.40% Series..........$1.10

4.60% Series..........$1.15

5.95% Series..........$1.4875

6.05% Series..........$1.5125

6.125% Series........$1.53125

6.15% Series..........$1.5375

6.33% Series..........$1.5825

6.75% Series..........$1.6875