PPL EnergyPlus to Build New Headquarters for Company's Expanding Energy Marketing and Trading Operations

Apr 12, 2001, 01:00 ET from PPL Corporation

    ALLENTOWN, Pa., April 12 /PRNewswire/ -- PPL EnergyPlus, a subsidiary of
 PPL Corp. (NYSE:   PPL), is searching for a site to build a new headquarters to
 initially house its rapidly growing energy marketing and trading operations.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19981015/PHTH025 )
     "PPL EnergyPlus, one of our fastest growing subsidiaries, has outgrown its
 current home in downtown Allentown and there appears to be no feasible
 opportunity to build this facility in a timely way adjacent to our existing
 headquarters in downtown Allentown," said William F. Hecht, PPL Corp.
 chairman, president and chief executive officer.  The company is evaluating
 sites around the Lehigh Valley.
     Energy marketing and trading played a key role in PPL Corp.'s record
 earnings performance for 2000 and is a major factor in the company's forecasts
 for continued strong earnings growth.  Energy marketing and trading operations
 are conservatively estimated to have added $60 million to PPL Corp.'s net
 income in 2000.
     In today's competitive electricity marketplace, PPL EnergyPlus has
 experienced significant growth, both in terms of geography and in the products
 it offers in various markets.  The subsidiary markets and trades wholesale
 energy commodity products in 42 states and Canada.  Its marketing and trading
 operations include electricity, natural gas and petroleum products, as well as
 innovative products like emission allowances, electricity transmission
 congestion products, installed capacity products and other sophisticated
 financial derivative instruments.
     The company's energy services business also has a growing list of
 industrial and commercial customers.  It has a significant distributed
 generation business, providing on-site generation technologies such as fuel
 cells and microturbines through its GenSelect(SM) program.  And its synthetic
 fuels business provides alternative fuels to commercial and industrial
 boilers.  PPL EnergyPlus is licensed to sell retail electricity in seven
 states and remains ready to serve the retail electricity market as conditions
 warrant.
     At the heart of the PPL EnergyPlus marketing operation is the energy
 trading floor, a high-tech facility that uses the latest in computer and
 communications systems to monitor electricity markets, weather conditions,
 PPL's generating plants and other critical information throughout North
 America east of the Rocky Mountains.
     The new building will house an expanded trading floor for the company's
 eastern North America trading operations.  PPL EnergyPlus also has a rapidly
 growing West Coast trading and marketing operation headquartered in Butte,
 Mont.
     The success of the company's wholesale trading operation can be attributed
 to several factors, Hecht said, including the combined utility and commodity
 experience of its traders, the disciplined approach that assesses and manages
 risk to maximize returns, and the fact that the marketing and trading
 operation is backed by a growing fleet of well-run and reliable generating
 plants.  The combination of PPL's trading and marketing operations and its
 merchant power plants accounted for 77 percent of PPL Corp.'s earnings in
 2000.
     "We've integrated commodity trading and risk management skills with our
 traditional utility intellectual property," said Hecht.  "About half of the
 120 people working in our energy marketing operation have been hired from
 outside the company, and they bring with them a significant knowledge and
 experience base."  Hecht said PPL EnergyPlus plans to increase trading and
 marketing employment by at least 20 percent.
     "This planned project also can be seen as another tangible benefit of
 electric competition in Pennsylvania," said Hecht, noting that growth in PPL's
 unregulated business lines like energy marketing and trading is the result of
 the Commonwealth's well-designed and effective electric deregulation law.
     PPL Corp. generates electricity at power plants in Pennsylvania, Maine and
 Montana; markets wholesale or retail energy in 42 U.S. states and Canada; and
 delivers electricity to nearly 6 million customers in Pennsylvania, in the
 United Kingdom and in Latin America.
 
     PPL EnergyPlus is an unregulated subsidiary of PPL Corp.  PPL EnergyPlus
 is not the same company as either PPL Electric Utilities, the electric
 utility, or PPL Gas Utilities, the gas utility.  The prices of PPL EnergyPlus
 are not regulated by the Pennsylvania Public Utility Commission, and you do
 not have to buy PPL EnergyPlus electricity, natural gas or other products in
 order to receive the same quality regulated services from PPL Electric
 Utilities or PPL Gas Utilities.
 
 

SOURCE PPL Corporation
    ALLENTOWN, Pa., April 12 /PRNewswire/ -- PPL EnergyPlus, a subsidiary of
 PPL Corp. (NYSE:   PPL), is searching for a site to build a new headquarters to
 initially house its rapidly growing energy marketing and trading operations.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19981015/PHTH025 )
     "PPL EnergyPlus, one of our fastest growing subsidiaries, has outgrown its
 current home in downtown Allentown and there appears to be no feasible
 opportunity to build this facility in a timely way adjacent to our existing
 headquarters in downtown Allentown," said William F. Hecht, PPL Corp.
 chairman, president and chief executive officer.  The company is evaluating
 sites around the Lehigh Valley.
     Energy marketing and trading played a key role in PPL Corp.'s record
 earnings performance for 2000 and is a major factor in the company's forecasts
 for continued strong earnings growth.  Energy marketing and trading operations
 are conservatively estimated to have added $60 million to PPL Corp.'s net
 income in 2000.
     In today's competitive electricity marketplace, PPL EnergyPlus has
 experienced significant growth, both in terms of geography and in the products
 it offers in various markets.  The subsidiary markets and trades wholesale
 energy commodity products in 42 states and Canada.  Its marketing and trading
 operations include electricity, natural gas and petroleum products, as well as
 innovative products like emission allowances, electricity transmission
 congestion products, installed capacity products and other sophisticated
 financial derivative instruments.
     The company's energy services business also has a growing list of
 industrial and commercial customers.  It has a significant distributed
 generation business, providing on-site generation technologies such as fuel
 cells and microturbines through its GenSelect(SM) program.  And its synthetic
 fuels business provides alternative fuels to commercial and industrial
 boilers.  PPL EnergyPlus is licensed to sell retail electricity in seven
 states and remains ready to serve the retail electricity market as conditions
 warrant.
     At the heart of the PPL EnergyPlus marketing operation is the energy
 trading floor, a high-tech facility that uses the latest in computer and
 communications systems to monitor electricity markets, weather conditions,
 PPL's generating plants and other critical information throughout North
 America east of the Rocky Mountains.
     The new building will house an expanded trading floor for the company's
 eastern North America trading operations.  PPL EnergyPlus also has a rapidly
 growing West Coast trading and marketing operation headquartered in Butte,
 Mont.
     The success of the company's wholesale trading operation can be attributed
 to several factors, Hecht said, including the combined utility and commodity
 experience of its traders, the disciplined approach that assesses and manages
 risk to maximize returns, and the fact that the marketing and trading
 operation is backed by a growing fleet of well-run and reliable generating
 plants.  The combination of PPL's trading and marketing operations and its
 merchant power plants accounted for 77 percent of PPL Corp.'s earnings in
 2000.
     "We've integrated commodity trading and risk management skills with our
 traditional utility intellectual property," said Hecht.  "About half of the
 120 people working in our energy marketing operation have been hired from
 outside the company, and they bring with them a significant knowledge and
 experience base."  Hecht said PPL EnergyPlus plans to increase trading and
 marketing employment by at least 20 percent.
     "This planned project also can be seen as another tangible benefit of
 electric competition in Pennsylvania," said Hecht, noting that growth in PPL's
 unregulated business lines like energy marketing and trading is the result of
 the Commonwealth's well-designed and effective electric deregulation law.
     PPL Corp. generates electricity at power plants in Pennsylvania, Maine and
 Montana; markets wholesale or retail energy in 42 U.S. states and Canada; and
 delivers electricity to nearly 6 million customers in Pennsylvania, in the
 United Kingdom and in Latin America.
 
     PPL EnergyPlus is an unregulated subsidiary of PPL Corp.  PPL EnergyPlus
 is not the same company as either PPL Electric Utilities, the electric
 utility, or PPL Gas Utilities, the gas utility.  The prices of PPL EnergyPlus
 are not regulated by the Pennsylvania Public Utility Commission, and you do
 not have to buy PPL EnergyPlus electricity, natural gas or other products in
 order to receive the same quality regulated services from PPL Electric
 Utilities or PPL Gas Utilities.
 
 SOURCE  PPL Corporation