October 10, 2008

PPL Applies for License to Build, Operate Potential New Nuclear Unit

ALLENTOWN, Pa., Oct. 10 /PRNewswire-FirstCall/ -- A PPL Corporation subsidiary has filed an application with the U.S. Nuclear Regulatory Commission for a license to build and operate a new nuclear plant under consideration near Berwick, Pa.

The Bell Bend nuclear plant would be built near the company's existing two-unit Susquehanna nuclear power plant, a facility that has been generating safe and reliable electricity and providing significant benefits to the community for the past 25 years.

NRC review of the Combined License Application, which is more than 10,000 pages, is expected to take three to four years. The NRC process will include ample opportunity for public input.

A final decision by PPL on whether to move forward with the Bell Bend plant won't be made for several years, and will depend on NRC approval, on receiving a federal loan guarantee for the project, on attracting additional investors and on the company's view of the power market fundamentals at that time, said Victor N. Lopiano, president, PPL Nuclear Development LLC.

If the Bell Bend plant is built, it would create thousands of construction jobs and hundreds of new permanent jobs, and would increase the contribution PPL and its employees already are making to the economic health of the Berwick area and the surrounding region, Lopiano said.

In additional to the Combined License Application, PPL submitted the first part of the federal loan guarantee application to the U.S. Department of Energy on Sept. 29, 2008. The company will submit a second part of the application as required before the Dec. 19, 2008, deadline.

The Bell Bend license application includes the U.S. Evolutionary Power Reactor advanced technology from AREVA of France, which is already under design certification review by the NRC. PPL contracted with UniStar Nuclear Energy, a strategic joint venture of Constellation Energy and EDF Group, to assist with preparation of the application.

Bell Bend would be part of the initial family of four U.S. Evolutionary Power Reactors led by UniStar's Calvert Cliffs 3 project. Plants with this technology already are being constructed in Finland, France and China.

The Bell Bend plant would produce 1,600 megawatts of electricity -- enough to power more than 1 million homes.

For more information on the Bell Bend project, visit http://www.bellbend.com/.

PPL Corporation, headquartered in Allentown, Pa., controls more than 11,000 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to about 4 million customers in Pennsylvania and the United Kingdom. More information is available at http://www.pplweb.com/.

PPL Corporation

CONTACT: Dan McCarthy of PPL Corporation, +1-610-774-5758, Fax:+1-610-774-5281

Web site: http://www.pplweb.com/http://www.bellbend.com/