U.K. Price Control Review Process Highlighted on New PPL Investor Web Page

Mon Apr 8, 2013 10:27am EDT

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ALLENTOWN, Pa.,  April 8, 2013  /PRNewswire/ -- With its  United Kingdom 
subsidiary Western Power Distribution preparing for the next price control
period, PPL Corporation (NYSE: PPL) has posted a Web page for investors
providing information about the new review process and access to key filings and

"Regulated businesses are integral to PPL's long-term growth, and WPD is the
largest of our regulated businesses," said  Joseph P. Bergstein, Investor
Relations vice president. "The new Web page on the Investor section of PPL's
website is designed to help investors understand the U.K. price control review
process and track milestone events along the way."  

The address is  www.pplweb.com/investors/research-tools/uk-regulatory-review.

WPD owns and operates four electricity distribution networks in central and
southwest  England  and south  Wales  that serve a total of 7.8 million
customers. PPL's U.K. operations accounted for 49 percent of the corporation's
2012 earnings from ongoing operations.

The U.K.'s Office of Gas and Electricity Markets (Ofgem) regulates and
establishes revenues for WPD. For the next review period -  April 1, 2015, to 
March 31, 2023  - Ofgem is introducing RIIO-ED1, a modified approach for
regulating electricity distribution networks. RIIO-ED1 is designed to encourage
network operators to deliver safe, reliable and sustainable service at a
long-term value to customers, while enabling them to finance infrastructure
investments in a timely and efficient way.

PPL Corporation, with annual revenue of more than  $12 billion, is one of the
largest companies in the U.S. utility sector. PPL subsidiaries deliver
electricity and natural gas to about 10 million customers in  the United States 
and the  United Kingdom, own more than 18,000 megawatts of generating capacity
in  the United States  and sell energy in key U.S. markets. More information is
available at  www.pplweb.com.


SOURCE  PPL Corporation

For news media - George C. Lewis, 610-774-5997; or For financial analysts -
Joseph P. Bergstein, 610-774-5609, PPL Corporation

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