PPL Corporation (NYSE: PPL) announced today that its 7-3/4% Premium Equity Participating Security Units, Series B (CUSIP: 69351T 30 4) (the New PEPS Units) have been approved for listing on the New York Stock Exchange and will trade under the symbol "PPL-PrF" beginning today, Jan. 26, 2004, at 9:30 a.m. New York City time.

PPL issued 3,945,160 New PEPS Units on Jan. 21, 2004, in exchange for those outstanding 7-3/4% Premium Equity Participating Security Units that were properly tendered pursuant to the terms of the exchange offer launched by PPL on Nov. 17, 2003.

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.