<TABLE> <S> <C>
<PAGE>
<ARTICLE> UT
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
STATEMENT OF OPERATIONS AND CHANGES IN MEMBER'S EQUITY, THE STATEMENT OF CASH
FLOWS, AND THE BALANCE SHEET FOR THE FORM 10-Q DATED SEPTEMBER 30, 2000, AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0001083000
<NAME> PPL TRANSITION BOND CO, LLC
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-2000
<PERIOD-END> SEP-30-2000
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 0
<OTHER-PROPERTY-AND-INVEST> 0
<TOTAL-CURRENT-ASSETS> 80,229
<TOTAL-DEFERRED-CHARGES> 12,344
<OTHER-ASSETS> 2,147,546
<TOTAL-ASSETS> 2,240,119
<COMMON> 0
<CAPITAL-SURPLUS-PAID-IN> 12,101
<RETAINED-EARNINGS> 284
<TOTAL-COMMON-STOCKHOLDERS-EQ> 12,385
0
0
<LONG-TERM-DEBT-NET> 1,978,649
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 236,859
0
<CAPITAL-LEASE-OBLIGATIONS> 0
<LEASES-CURRENT> 0
<OTHER-ITEMS-CAPITAL-AND-LIAB> 12,226
<TOT-CAPITALIZATION-AND-LIAB> 2,240,119
<GROSS-OPERATING-REVENUE> 301,424
<INCOME-TAX-EXPENSE> 56
<OTHER-OPERATING-EXPENSES> 180,019
<TOTAL-OPERATING-EXPENSES> 180,075
<OPERATING-INCOME-LOSS> 121,349
<OTHER-INCOME-NET> 136
<INCOME-BEFORE-INTEREST-EXPEN> 121,485
<TOTAL-INTEREST-EXPENSE> 121,405
<NET-INCOME> 80
0
<EARNINGS-AVAILABLE-FOR-COMM> 80
<COMMON-STOCK-DIVIDENDS> 0
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 177,678
<EPS-BASIC> 0
<EPS-DILUTED> 0
</TABLE>
