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PPL Capital Funding Trust I, 7 3/4% PEPS Units due 5/18/04
Ticker Symbol: PPL-E*     CUSIP: 69352F204     Exchange: NYSE
Security Type:   Mandatory Convertible Security
* NOTE: This security is no longer trading as of 5/18/2004

QUANTUMONLINE.COM SECURITY DESCRIPTION:  PPL Capital Funding Trust I, 7 3/4% Premium Equity Participating Security (PEPS) Units, stated amount $25 per unit, initially consisting of PEPS Units which include a stock purchase contract and a 7.29% PPL Capital Funding Trust I Trust Preferred Security with a principal amount of $25. The stock purchase contract requires the holder to purchase for $25 a variable number of shares of PPL Corp. (NYSE: PPL) common stock no later than 5/18/2004 and pays a contract adjustment rate of 0.46% per annum. The stock purchase settlement rate will be 0.3845 shares per unit if the then current market price is equal to or greater than $65.03 and 0.4690 shares per unit if the market price is equal to or less than $53.30. For market prices between those values the settlement rate will be $25 divided by the market value. Prior to the IPO of this security, the last reported sale price of the common stock on 5/03/2001 was $53.30. The trust preferred security is due 5/18/2006 and is subject to reset and remarketing on or after 2/18/2004. The PEPS Units pay quarterly distributions of 7.75% ($1.9375) per annum on 2/18, 5/18, 8/18 & 11/18 to holders of record on the first day of the month in which the payment is due. The trust preferred securities are pledged as collateral to secure the holder's obligations under the stock purchase contract. The holder has the right at any time to convert the PEPS Units to Treasury PEPS Units by the substitution of a specified zero-coupon U.S. Treasury security for the trust preferred securities and to later recreate PEPS Units. See the IPO prospectus for extensive additional information on the PEPS units and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Conversion
Shares@Price
Distribution Dates 15%
Tax Rate
NYSE
Chart
7.75%
$1.9375
$25.00
n.a.
5/18/2004
5/18/2006
Baa3 BBB
2/17/2004
0.3845@$65.03+
0.4690@$53.30-
2/18, 5/18, 8/18 & 11/18
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (PPL)

IPO - 5/7/2001 - 20.00 Million Units @ $25.00/unit.    Link to IPO Prospectus
Market Value $440.0 Million

Company's Online Information Links
HOME PAGE:     http://www.pplweb.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Email Address invrel@pplweb.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   Two North Ninth Street, Allentown, PA 18101
Main Phone Number 610-774-5151
Fax Number 610-774-5106
Investor Relations   Tim Paukovits 610-774-4124
Toll Free Phone Number 800-345-3085
CEO - William F. Hecht CFO - John R. Biggar

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