PPL Corporation (NYSE: PPL) Friday declared a quarterly dividend on common stock of 26.5 cents per share, payable Oct. 1, 2001, to shareowners of record Sept. 10, 2001.

In addition, PPL Electric Utilities Corp., a subsidiary of PPL Corporation, declared the following quarterly dividends on its preferred stock, payable Oct. 1, 2001, to shareowners of record Sept. 10, 2001.

Preferred

4.50%.................$1.125

3.35% Series.....$0.8375

4.40% Series.....$1.10

4.60% Series.....$1.15

6.125% Series...$1.53125

6.15% Series.....$1.5375

6.33% Series.....$1.5825

6.75% Series.....$1.6875