<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> 0000922224 <NAME> PP&L RESOURCES, 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> 4,402 <OTHER-PROPERTY-AND-INVEST> 980 <TOTAL-CURRENT-ASSETS> 877 <TOTAL-DEFERRED-CHARGES> 3,272 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 9,531 <COMMON> 2 <CAPITAL-SURPLUS-PAID-IN> 1,412<F1> <RETAINED-EARNINGS> 323 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,737 <PREFERRED-MANDATORY> 47 <PREFERRED> 50 <LONG-TERM-DEBT-NET> 3,085 <SHORT-TERM-NOTES> 7 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 770 <LONG-TERM-DEBT-CURRENT-PORT> 1 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 89 <LEASES-CURRENT> 57 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,688 <TOT-CAPITALIZATION-AND-LIAB> 9,531 <GROSS-OPERATING-REVENUE> 2,884 <INCOME-TAX-EXPENSE> 200 <OTHER-OPERATING-EXPENSES> 2,237 <TOTAL-OPERATING-EXPENSES> 2,437 <OPERATING-INCOME-LOSS> 447 <OTHER-INCOME-NET> 26 <INCOME-BEFORE-INTEREST-EXPEN> 473 <TOTAL-INTEREST-EXPENSE> 164 <NET-INCOME> (639)<F2> <PREFERRED-STOCK-DIVIDENDS> 19 <EARNINGS-AVAILABLE-FOR-COMM> (658) <COMMON-STOCK-DIVIDENDS> 183 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 435 <EPS-PRIMARY> (3.94) <EPS-DILUTED> (3.94) <FN> <F1>Net of $419 million of treasury stock. <F2>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>