<ARTICLE> UT <LEGEND> This schedule contains summary financial information extracted from the consolidated statement of income, consolidated balance sheet, and consolidated statement of cash flows for the form 10-Q dated September 30, 1998 and is qualified in its entirety by reference to such financial statements. </LEGEND> <CIK> 0000317187 <NAME> PP&L, INC. <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> SEP-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,252 <OTHER-PROPERTY-AND-INVEST> 688 <TOTAL-CURRENT-ASSETS> 826 <TOTAL-DEFERRED-CHARGES> 3,164 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 8,930 <COMMON> 1,476 <CAPITAL-SURPLUS-PAID-IN> 44 <RETAINED-EARNINGS> 231 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,751 <PREFERRED-MANDATORY> 295 <PREFERRED> 171 <LONG-TERM-DEBT-NET> 2,819 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 114 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 89 <LEASES-CURRENT> 57 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,634 <TOT-CAPITALIZATION-AND-LIAB> 8,930 <GROSS-OPERATING-REVENUE> 2,811 <INCOME-TAX-EXPENSE> 208 <OTHER-OPERATING-EXPENSES> 2,178 <TOTAL-OPERATING-EXPENSES> 2,386 <OPERATING-INCOME-LOSS> 425 <OTHER-INCOME-NET> 32 <INCOME-BEFORE-INTEREST-EXPEN> 457 <TOTAL-INTEREST-EXPENSE> 147 <NET-INCOME> (638)<F1> <PREFERRED-STOCK-DIVIDENDS> 36 <EARNINGS-AVAILABLE-FOR-COMM> (674) <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 483 <EPS-PRIMARY> 0 <EPS-DILUTED> 0 <FN> <F1>Net income includes an extraordinary item of ($948) million ($1,614 million net of $666 million of income taxes) reflecting the effects of a Pennsylvania Public Utility Commission Restructuring Order and deregulation PP&L's electric generation operations. </FN>