PPL Electric Utilities Completes Final Supply Purchase for 2010

Electricity prices for average residential customer who does not choose an
alternative supplier will increase 29.7 percent after long period of capped
rates

ALLENTOWN, Pa., Oct. 8 /PRNewswire-FirstCall/ -- PPL Electric Utilities on
Thursday (10/8) completed its sixth and final competitive electricity purchase
for 2010. This helps to fulfill the company's requirement for purchasing
electricity in the wholesale market for its customers who do not choose an
alternative supplier.

As a result of blending prices in contracts from all six solicitations, the
bill for an average residential customer who chooses not to shop will increase
about 29.7 percent next year following more than a decade of capped generation
supply rates.

Under current market conditions, customers may be able to secure better
pricing by shopping and selecting an alternative retail supplier.

In the latest round, PPL Electric Utilities also purchased a portion of the
electricity supply for 2010 for large commercial and industrial customers who
do not shop for competitive suppliers.

The results of this competitive solicitation were approved Thursday (10/8) by
the Pennsylvania Public Utility Commission. The purchases completed a process
begun by PPL Electric Utilities in 2007 to buy the power needed to serve
customers in 2010.

A total of 25 different suppliers have competed in the procurement process
since 2007, including 17 who participated in the sixth round. A total of 11
different companies have won supply contracts over the six solicitations.

"To help our customers prepare, we've shared information for more than three
years about how electricity prices will change when rate caps expire," said
David G. DeCampli, president of PPL Electric Utilities. "Now we have a clear
picture of what customers can expect, and we offer a wide range of programs
and options to help customers manage their bills and use energy wisely."

The company said monthly bills will increase on average about 18.4 percent for
small businesses and about 36.1 percent for mid-size businesses.

For large commercial and industrial customers, a fixed generation price of 9.2
cents per kilowatt-hour will be offered to customers on the company's LP-4
rate schedule and 8.95 cents per kilowatt-hour for LP-5 and LP-6 customers.
This offer applies to customers who expressed an interest in a fixed-price
option earlier this year.

These customers will have until Nov. 9 to decide whether to accept the
fixed-price option from PPL Electric Utilities, choose an alternative supplier
or allow PPL Electric Utilities to purchase electricity for them on an hourly
basis in the competitive wholesale market. They will receive more detailed
information in the mail soon from PPL Electric Utilities.

PPL Electric Utilities will know the exact 2010 rates for its customers in
December when several smaller components of the bill are routinely adjusted
and approved by the PUC. These adjustments generally have a minimal effect on
customer bills.

The higher electricity prices come after more than a decade of rate caps on
the generation portion of customers' bills ends Dec. 31. Generation accounts
for more than half of the typical customer's electric bill. The increase
reflects the fact that the cost to provide generation today is greater than it
was in the 1990s.

PPL Electric Utilities, which doesn't produce power, must buy power for
customers who do not choose an alternative supplier and pass suppliers' costs
directly to customers without profit.

"Adjusting to higher generation supply prices we are obligated to pass through
in 2010 will be difficult for some of our customers," DeCampli said. "We've
tried to prepare customers by raising awareness, promoting energy efficiency,
and giving customers options that can help them adjust gradually to the
change. We remain committed to helping them through this transition."

He said the company's online Energy Analyzer at www.pplelectric.com gives
customers more detailed usage information than ever before, lets them analyze
their energy usage and provides tips to save. More than 400,000 customers have
accessed the Energy Analyzer.

In addition, he said the company expects to begin offering many new energy
efficiency programs beginning later this year to help customers save energy.
The programs, under review by the PUC, will provide financial incentives to
customers who make their homes and businesses more energy-efficient.

If approved, the programs will provide rebates for customers who install
energy-efficient equipment, nearly double the funding for low-income home
weatherization programs, provide discounts on compact fluorescent light bulbs
and much more.

"There will be opportunities for everyone," DeCampli said. "And customers
won't have to spend much to get quick paybacks and realize significant,
long-term savings."

DeCampli said customers who shop for better deals may be able to further
lessen the impact of higher prices in 2010. Many retail suppliers have already
begun to approach businesses across eastern and central Pennsylvania with
supply offers for next year. Some suppliers also have shown interest in
selling to residential customers.

Information about retail suppliers is available at the PUC's "Utility Choice"
Web site at www.puc.state.pa.us/utilitychoice. Between now and the end of the
year, customers will receive additional communications from PPL Electric
Utilities with information about electric choice.

PPL Electric Utilities also offers two options that let customers spread out
the higher prices over several years. The first option, which more than
140,000 customers signed up for in late 2008, is a prepayment plan that lets
residential and small-business customers adjust gradually to higher prices.

The second option, which opened for enrollment Sept. 29, lets customers defer
a portion of the 2010 increase for one to two years, depending on how much
electricity they use. Customers can enroll in these options online at
www.pplelectric.com or by calling 1-866-597-2010.

PPL Electric Utilities, a subsidiary of PPL Corporation (NYSE: PPL), provides
electric delivery service to 1.4 million customers in 29 counties of eastern
and central Pennsylvania and has consistently ranked among the best companies
for customer service in the United States. More information is available at
www.pplelectric.com.

Data Summary: Sixth and Final Round of Power Purchases

Residential Small Commercial and
Customers Industrial Customers

Round 6 (October 2009)

Retail price per kilowatt-hour 8.20 cents 8.399 cents
Average of all six rounds

Retail price per kilowatt-hour 9.948 cents 10.053 cents

Estimated average
increase in 2010 29.7% 18.4% for small
businesses; 36.1% for
mid-size businesses

Statements contained in this news release, including statements with respect
to future energy prices and supply, regulation and rates, are "forward-looking
statements" within the meaning of the federal securities laws. Although PPL
Corporation believes that the expectations and assumptions reflected in these
forward-looking statements are reasonable, these statements involve a number
of risks and uncertainties, and actual results may differ materially from the
results discussed in the statements. The following are among the important
factors that could cause actual results to differ materially from the
forward-looking statements: market demand and prices for energy, capacity and
fuel; customer energy usage; competition in retail and wholesale power
markets; liquidity of wholesale power markets; the effect of any business or
industry restructuring; operation and availability of existing and future
generation facilities and operating costs; political, regulatory or economic
conditions; receipt of governmental approvals and rate relief; new state or
federal legislation; state and federal regulatory developments; and the
commitments and liabilities of PPL Corporation and its subsidiaries. Any such
forward-looking statements should be considered in light of such important
factors and in conjunction with PPL Corporation's Form 10-K and other reports
on file with the Securities and Exchange Commission.

SOURCE PPL Electric Utilities

George Lewis of PPL Electric Utilities, +1-610-774-5997