PPL Corporation (NYSE: PPL) Friday (11/17) declared a quarterly dividend on common stock of 26.5 cents per share, payable January 1, 2001, to shareowners of record December 8, 2000.

In addition, PPL Electric Utilities Corp., a subsidiary of PPL Corp., declared the following quarterly dividends on its preferred stock, payable January 1, 2001, to shareowners of record December 8, 2000.

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

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

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

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

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

PPL has reported record earnings in each of the first three quarters of this year. William F. Hecht, PPL’s chairman, president and chief executive officer, said the company’s record-setting earnings performance in recent quarters can be directly attributed to its success, over the last several years, in capitalizing on opportunities offered by the competitive energy marketplace.