PP&L, Inc., a subsidiary of PP&L Resources, Inc. in Allentown, Pa. (NYSE: PPL), has hired the investment banking firm of J.P. Morgan & Co. to handle the marketing and sale of its coal-fired Sunbury plant in Snyder County, Pa., and principal assets of its wholly owned subsidiary, Lady Jane Collieries.

The bidding for the assets is expected to follow a two-phase process. In Phase I, interested bidders will be invited to submit nonbinding bids for the assets. Certain bidders will then be offered the opportunity to engage in detailed due diligence investigations in Phase II. Phase II bidders will be required to submit a binding bid for the assets.

Phase I bids must be submitted to J. P. Morgan no later than 5 p.m. Eastern Standard Time on Dec. 11, 1998.

PP&L, Inc. intends to identify a final, qualified buyer for the Sunbury plant and Lady Jane and to sign a final purchase agreement by mid-1999.

As part of its effort to diversify its generation portfolio, PP&L, Inc. announced last August that it would seek buyers for its coal-fired Sunbury plant. The plant, located on 216 acres in the borough of Shamokin Dam, Pa., is a four-unit coal-fired generating station with a demonstrated capacity of 389 megawatts. The site also includes two oil-fired combustion turbine generators with a total installed peak reserve capacity of 42 megawatts, which also are part of the sale.

PP&L, Inc. also is offering for sale principal assets from Lady Jane Collieries, a bituminous coal processing facility which processes and loads onto trains a significant portion of the coal used at the Sunbury plant. Lady Jane is located near Penfield, Pa.

Parties interested in bidding on the assets should contact Paul Dabbar at J. P. Morgan at (212) 648-6883. All questions relating to the sale must be submitted to J. P. Morgan.