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NOVEMBER 19, 2004
Contact: Timothy J. Paukovits, 610-774-4124
tjpaukovits@pplweb.com
George E. Biechler, 610-774-5997
gebiechler@pplweb.com
PPL to Pay Quarterly Dividends Jan. 1

PPL Corporation (NYSE: PPL) today (11/19) declared a quarterly dividend on its common stock of $0.41 per share, payable Jan. 1, 2005, to shareowners of record Dec. 10, 2004. This is the company's 236th consecutive quarterly dividend.

In addition, PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, today declared the following quarterly dividends on its preferred stock, payable Jan. 1, 2005, to shareowners of record Dec. 10, 2004.

Preferred

4-1/2% $1.125

3.35% Series $0.8375

4.40% Series $1.10

4.60% Series $1.15

6.75% Series $1.6875

PPL Corporation, headquartered in Allentown, Pa., controls more than 12,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to nearly 5 million customers in Pennsylvania, the United Kingdom and Latin America. More information is available at www.pplweb.com.