Statements contained in this presentation, including statements with respect to future earnings, energy prices, margins and sales, growth, revenues, expenses and pension costs, cash flows, cash from operations, dividends,
credit profile, capital expenditures and generating capacity, are “forward-looking statements” within the meaning of
the federal securities laws. Although PPL Corporation believes that the expectations and assumptions reflected in
these forward-looking statements are reasonable, these statements involve a number of risks and uncertainties,
and actual results may differ materially from the results discussed in the statements. The following are among the
important factors that could cause actual results to differ materially from the forward-looking statements: market
demand and prices for energy, capacity and fuel; market prices for crude oil and the potential impact on synthetic
fuel operations; synthetic fuel purchases from third parties and the phase-out of synthetic fuel credits; weather
conditions affecting generation production, customer energy usage and operating costs; competition in retail and
wholesale power markets; liquidity of wholesale power markets; the effect of any business or industry restructuring;
the profitability and liquidity, including access to capital markets and credit facilities, of PPL Corporation and its
subsidiaries; new accounting requirements or new interpretations or applications of existing requirements;
operation and availability of existing generation facilities and operating costs; transmission and distribution system
conditions and operating costs; current and future environmental conditions and requirements and the related
costs of compliance, including environmental capital expenditures and emission allowance and other expenses;
significant delays in the planned installation of pollution control equipment at certain coal-fired generating units in
Pennsylvania due to weather conditions, contractor performance or other reasons; development of new projects,
markets and technologies; performance of new ventures; asset acquisitions and dispositions; political, regulatory
or economic conditions in states, regions or countries where PPL Corporation or its subsidiaries conduct business;
any impact of hurricanes or other severe weather on PPL Corporation’s business, including any impact on fuel
prices; receipt of necessary governmental permits, approvals and rate relief; new state, federal or foreign
legislation, including new tax legislation; state, federal and foreign regulatory developments; the impact of any
state, federal or foreign investigations applicable to PPL Corporation and its subsidiaries and the energy industry;
capital markets conditions, including changes in interest rates, and decisions regarding capital structure; stock
price performance of PPL Corporation; the market prices of equity securities and the impact on pension costs and
resultant cash funding requirements for defined benefit pension plans; securities and credit ratings; foreign
currency exchange rates; the outcome of litigation against PPL Corporation and its subsidiaries; potential effects
of threatened or actual terrorism or war or other hostilities; and the commitments and liabilities of PPL Corporation
and its subsidiaries. Any such forward-looking statements should be considered in light of such important factors
and in conjunction with PPL Corporation’s Form 10-K and other reports on file with the Securities and Exchange
Commission.
