SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 24, 1999
PP&L RESOURCES, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania 1-11459 23-2758192
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
PP&L, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Pennsylvania 1-905 23-0959590
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Two North Ninth Street, Allentown, Pennsylvania 18101-1179
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(Address of principal executive offices)
Registrant's Telephone Number, including Area Code: (610) 774-5151
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(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS
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The Board of Directors of PP&L Resources, Inc. ("PP&L
Resources") and PP&L, Inc. ("PP&L") have approved the
initiation of a corporate realignment, in order to better
position PP&L Resources and its subsidiaries in the new
competitive marketplace. The principal proposed elements of
this corporate realignment include: (i) the transfer of all
of PP&L's electric generating facilities and related assets
to a new generating company subsidiary of PP&L Resources
(the "generating company"); (ii) the transfer of PP&L's
wholesale energy marketing business, along with the energy
marketing business of PP&L EnergyPlus Co., LLC--which
currently is a wholly owned subsidiary of PP&L--to a new
marketing company subsidiary of PP&L Resources (the
"marketing company"); and (iii) the transfer of the U.S.
electric generating business of PP&L Global, Inc. to the new
generating company. As a result of this corporate
realignment, PP&L's principal business would be the
transmission and distribution of electricity to serve retail
customers in its franchised territory in eastern and central
Pennsylvania; and PP&L Global's principal business would be
the acquisition or development of both U.S. and
international energy projects and the ownership of
international energy projects. With respect to other
existing subsidiaries of PP&L Resources and PP&L, they
generally will be aligned in the new corporate structure
according to their principal business functions.
The proposed corporate realignment is subject to the
receipt of favorable regulatory treatment from the
Pennsylvania Public Utility Commission, the Federal Energy
Regulatory Commission and the Nuclear Regulatory Commission,
as well as certain third-party consents. PP&L Resources
expects to complete the corporate realignment in mid-2000.
<PAGE>
SIGNATURES
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Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrants have duly caused this report to
be signed on their behalf by the undersigned hereunto duly
authorized.
PP&L Resources, Inc.
PP&L, Inc.
Date: September 27, 1999 By: /s/ John R. Bigger
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Senior Vice President and
Chief Financial Officer
