On December 3, 2008, PPL Energy Supply, LLC ("PPL Energy Supply") and PPL Electric Utilities Corporation ("PPL Electric"), respectively, entered into amendments of certain credit facilities to which they were parties as borrowers to provide for and clarify the borrower's rights and obligations thereunder in connection with the optional termination of the commitment of a defaulting lender.

Filed as Exhibit 99.1 and incorporated herein by reference is the form of the First Amendment to Second Amended and Restated Credit Agreement by and among PPL Energy Supply, certain of the lenders party to the Second Amended and Restated Credit Agreement dated as of May 4, 2005 and Wachovia Bank, National Association as administrative agent for such lenders (the "PPL Energy Supply Facility").

Filed as Exhibit 99.2 and incorporated herein by reference is the form of the First Amendment to Third Amended and Restated Credit Agreement by and among PPL Electric, certain of the lenders party to the Third Amended and Restated Credit Agreement dated as of May 4, 2005 and Wachovia Bank, National Association as administrative agent for such lenders (the "PPL Electric Facility").

Upon the effectiveness of these amendments, the commitments of Lehman Brothers Bank, FSB were reduced by approximately $175 million under the PPL Energy Supply Facility and approximately $10 million under the PPL Electric Facility.

(d) Exhibits

             99.1 -   Form of First Amendment to Second Amended and Restated Credit Agreement by
                      and among PPL Energy Supply, certain of the lenders party to the Second
                      Amended and Restated Credit Agreement dated as of May 4, 2005 and Wachovia
                      Bank, National Association as administrative agent.

             99.2 -   Form of First Amendment to Third Amended and Restated Credit Agreement by
                      and among PPL Electric, certain of the lenders party to the Third Amended
                      and Restated Credit Agreement dated as of May 4, 2005 and Wachovia Bank,
                      National Association as administrative agent.