ALLENTOWN, Pa.---PP&L, Inc. said today (8/11) that its cash tender offers relating to any and all of about $1.66 billion of first mortgage bonds expired at 5 p.m. EDT on Tuesday, Aug. 10, 1999.

PP&L, Inc. is the major subsidiary of PP&L Resources, Inc. (NYSE: PPL).

All securities validly tendered prior to the expiration of the offers will be accepted for payment pursuant to the terms of the offers. Based on the preliminary count, the aggregate price for all of the securities tendered, plus accrued and unpaid interest, is about $1.55 billion.

"We are very pleased with the success of these tenders which were targeted at lowering the overall effective interest costs of PP&L, Inc." said John R. Biggar, PP&L Resources' senior vice president and chief financial officer. "Combined with the recently completed issuance of $2.42 billion of transition bonds by PP&L Transition Bond Company LLC and PP&L Resources, Inc.'s repurchase of 14 million shares of common stock, we believe that PP&L Resources is now positioned to show continued strong growth in financial performance."

The following table sets forth for each series of first mortgage bonds included in the tender offer its CUSIP number, title and maturity and the preliminary count of the principal amount tendered, as well as figures based on the preliminary count for the principal amount of each series expected to be outstanding following purchase of the tendered securities:

CUSIP Number	Series of First Mortgage Bonds	Aggregate of Principal Amount Outstanding	Aggregate Principal Amount of Debt Tendered (Preliminary)	Aggregate Principal Amount Outstanding Following Purchase (Preliminary)
709051 BJ 4	9 3/8% due 2021	$99,750,000	$94,582,000	$5,168,000
709051 BH 8	9 1/4% due 2019	$215,000,000	$187,421,000	$27,579,000
709051 BM 7	8 1/2% due 2022	$150,000,000	$120,489,000	$29,511,000
709051 BQ 8	7 7/8% due 2023	$200,000,000	$143,787,000	$56,213,000
709051 BL 9	7 3/4% due 2002	$150,000,000	$121,612,000	$28,388,000
709051 CC 8	7.70% due 2009	$200,000,000	$199,675,000	$325,000
709051 CD 6	7 3/8% due 2014	$100,000,000	$89,710,000	$10,290,000
709051 CA 2	7.30% due 2024	$150,000,000	$144,195,000	$5,805,000
709051 BN 5	6 7/8% due 2003	$100,000,000	$81,232,000	$18,768,000
709051 CB 0	6 7/8% due 2004	$150,000,000	$125,233,000	$24,767,000
709051 BY 1	6 3/4% due 2023	$150,000,000	$130,503,000	$19,497,000

Morgan Stanley Dean Witter (800-624-1808) and Banc One Capital Markets, Inc. (877-810-9199) are acting as joint dealer managers for the tender offers.