<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 June 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> 6-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-END> JUN-30-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,272 <OTHER-PROPERTY-AND-INVEST> 692 <TOTAL-CURRENT-ASSETS> 749 <TOTAL-DEFERRED-CHARGES> 3,183 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 8,896 <COMMON> 1,476 <CAPITAL-SURPLUS-PAID-IN> 44 <RETAINED-EARNINGS> 153 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,673 <PREFERRED-MANDATORY> 295 <PREFERRED> 171 <LONG-TERM-DEBT-NET> 2,818 <SHORT-TERM-NOTES> 0 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 127 <LONG-TERM-DEBT-CURRENT-PORT> 0 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 103 <LEASES-CURRENT> 58 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,651 <TOT-CAPITALIZATION-AND-LIAB> 8,896 <GROSS-OPERATING-REVENUE> 818 <INCOME-TAX-EXPENSE> 40 <OTHER-OPERATING-EXPENSES> 675 <TOTAL-OPERATING-EXPENSES> 715 <OPERATING-INCOME-LOSS> 103 <OTHER-INCOME-NET> 9 <INCOME-BEFORE-INTEREST-EXPEN> 112 <TOTAL-INTEREST-EXPENSE> 49 <NET-INCOME> (885)<F1> <PREFERRED-STOCK-DIVIDENDS> 12 <EARNINGS-AVAILABLE-FOR-COMM> (897) <COMMON-STOCK-DIVIDENDS> 0 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 307 <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 the deregulation of PP&L's electric generation operations. </FN>