Pricing Supplement Dated August 25, 2000 Rule 424(b)(3)
(To Prospectus dated January 19, 1999 and Registration Nos. 333-70101
Prospectus Supplement dated March 10, 1999) and 333-70101-01
PPL CAPITAL FUNDING, INC.
(FORMERLY CALLED PP&L CAPITAL FUNDING, INC.)
MEDIUM-TERM NOTES, SERIES B - FLOATING RATE
Unconditionally Guaranteed as to
Payment of Principal and any
Interest and Premium by
PPL CORPORATION
(FORMERLY CALLED PP&L RESOURCES, INC.)
<TABLE>
<CAPTION>
<S> <C>
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Principal Amount: $100,000,000 Initial Interest Rate: 6.68%
Agent(s)' Discount or Commission: $250,000 Stated Maturity Date: September 3, 2002
Net Proceeds to Issuer: $99,750,000 Original Issue Date: September 1, 2000
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</TABLE>
Calculation Agent: The Chase Manhattan Bank
Interest Calculation:
[X] Regular Floating Rate Note [ ] Floating Rate/Fixed Rate Note
[ ] Inverse Floating Rate Note (Fixed Rate Commencement Date):
(Fixed Interest Rate): (Fixed Interest Rate):
[ ] Other Floating Rate Note (see attached)
Interest Rate Basis:
[ ] CMT Rate [ ] Prime Rate [ ] Federal Funds Rate
[ ] Commercial Paper Rate [X] LIBOR [ ] Treasury Rate
[ ] Other (see attached)
If LIBOR, Designated LIBOR Page: If CMT Rate:
[ ] Reuters Page: [ ] Designated CMT Telerate Page:
------ ------
[X] Telerate Page: 3750 [ ] Designated CMT Maturity Index:
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<TABLE>
<CAPTION>
<S> <C>
Initial Interest Reset Date: December 4, 2000 Spread (+/-): +80 basis points
Interest Reset Dates: March 3, June 3, September 3,
December 3 Spread Multiplier: N/A
Interest Payment Dates: March 3, June 3, September 3,
December 3 Maximum Interest Rate: N/A
Regular Record Dates: February 16, May 19, August 19,
November 18 Minimum Interest Rate: N/A
Interest Reset Period: Quarterly
First Interest Payment Date: December 4, 2000
Index Maturity: 3 months
</TABLE>
Day Count Convention:
[X] Actual/360 for the period from (and including) each Interest Payment
Date to (and excluding) the following Interest Payment Date
[ ] Actual/Actual for the period from to
[ ] 30/360 for the period from to
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Redemption:
[ ] The Notes may not be redeemed prior to the Stated Maturity Date.
[X] The Notes may be redeemed prior to the Stated Maturity Date.
Initial Redemption Date: September 3, 2001
Initial Redemption Price: 100%
Annual Redemption Percentage Reduction: 100% until Redemption
Percentage is 100% of the principal amount.
Repayment at the Option of the Holder:
[X] The Notes may not be repaid at the option of the holder prior to the Stated
Maturity Date.
[ ] The Notes may be repaid prior to the Stated Maturity Date at the option of
the holder of the Notes.
Option Repayment Date(s):
Repayment Price: %
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Form: [X] Book-Entry [ ] Certificated
<TABLE>
<CAPTION>
<S> <C> <C>
Agent: [ ] Morgan Stanley & Co. Incorporated [ ] Merrill Lynch, Pierce, Fenner & Smith Incorporated
[ ] Banc of America Securities LLC [X] Other: Credit Suisse First Boston Corporation
[ ] Goldman, Sachs & Co.
</TABLE>
Agent acting in the capacity as indicated below:
[X] Agent [ ] Principal
If as principal:
[ ] The Notes are being offered at varying prices related to
prevailing market prices at the time of resale.
[ ] The Notes are being offered at a fixed initial public offering
price of 100% of principal amount.
If as Agent:
The Notes are being offered at a fixed initial public offering price of
100% of principal amount.
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