PPL Corporation (NYSE: PPL) Friday declared a quarterly dividend on common stock of 26.5 cents per share, payable Jan. 1, 2002, to shareowners of record Dec. 10, 2001.

In addition, PPL Electric Utilities Corp., a subsidiary of PPL Corporation, declared the following quarterly dividends on its preferred stock, payable Jan. 1, 2002, to shareowners of record Dec. 10, 2001.

Preferred

4.5%..................$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