ALLENTOWN, Pa., April 9 /PRNewswire-FirstCall/ -- On Friday, April 9, 2010, PPL Electric Utilities Corporation announced that it had delivered to Wells Fargo Bank, National Association, as redemption and paying agent, all funds required for the payment of the redemption price for the series of the company's preferred stock to be redeemed on April 15, 2010. On and after April 15, 2010, the redeemed shares will no longer be outstanding and will represent only the right to receive the applicable redemption price.
The series to be redeemed, the applicable redemption price per share payable for each series, the exchange on which the series is traded and the applicable CUSIP number are set forth below. The redemption price includes dividend amounts accumulated from April 1, 2010, to the redemption date.
Series Redemption Price Exchange CUSIP No. ------ ---------------- -------- --------- 4-1/2% preferred stock $110.1750 NYSE 69351U301 3.35% series preferred $103.6303 OTC 69351U871 4.40% series preferred $102.1711 NYSE 69351U202 4.60% series preferred $103.1789 OTC 69351U400 6.75% series preferred $101.6125 OTC 69351U889
Certificates representing shares of the series of preferred stock being redeemed may be submitted to Wells Fargo at the following addresses:
By Mail or Hand Delivery: Hand Delivery: Wells Fargo Bank, N. A. Wells Fargo Bank, N. A. Attn: Corporate Actions Attn: Shareowner Services 161 N. Concord Exchange 40 W. 57th Street - 16th floor South St. Paul, MN 55075 New York, NY 10019
Payment of the redemption price will be made on or after April 15, 2010, upon receipt by Wells Fargo of all required documentation. Because the redemptions are redemptions in full, the company will cause each of the series of redeemed shares to be delisted from trading and not listed on any other exchange. The company also intends to file with the Securities and Exchange Commission a notification of voluntarily withdrawal of listing and registration with respect to each of the redeemed series.
PPL Electric Utilities
CONTACT: For news media, George Biechler, +1-610-774-5997; or For
registered shareowners, Wells Fargo, +1-877-262-8260
Web Site: http://www.pplnewsroom.com/
