Joseph J. McCabe, vice president and controller for PPL Corporation (NYSE: PPL), retired from the company, effective Friday (2/20).

McCabe, 53, came to PPL in 1994 as controller after 21 years at Deloitte & Touche. He was named vice president and controller one year later.

"We thank Jay for the significant contributions he has made to the company over the past decade," said John R. Biggar, PPL's executive vice president and chief financial officer. "We wish him well in his retirement."

Biggar said the company already has begun a search to replace McCabe. During that search, Mark D. Woods, currently manager of financial reporting and consolidation, will serve as controller for the company as well as for company subsidiaries PPL Electric Utilities Corporation and PPL Energy Supply, LLC.

Woods, 45, a certified public accountant, has served in a number of positions in the company's auditing, financial planning and controller's office since joining PPL in 1983. He was named supervisor of financial accounting in 1997 and to his present position in 1999.

A graduate of Lehigh University with a bachelor of science degree in accounting, Woods worked for Deloitte & Touche before joining PPL.

"We are very fortunate to have someone of Mark's experience and talent to step into this important position on an interim basis," said Biggar.

PPL Corporation, headquartered in Allentown, Pa., controls about 11,500 megawatts of generating capacity in the United States, sells energy in key U.S. markets, and delivers electricity to customers in Pennsylvania, the United Kingdom and Latin America.