<ARTICLE> UT <CIK> 0000922224 <NAME> PP&L RESOURCES, INC. <MULTIPLIER> 1,000,000 <PERIOD-TYPE> YEAR <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,457 <OTHER-PROPERTY-AND-INVEST> 929 <TOTAL-CURRENT-ASSETS> 948 <TOTAL-DEFERRED-CHARGES> 3,273 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 9,607 <COMMON> 2 <CAPITAL-SURPLUS-PAID-IN> 1,416<F1> <RETAINED-EARNINGS> 372 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,790 <PREFERRED-MANDATORY> 47 <PREFERRED> 50 <LONG-TERM-DEBT-NET> 3,233 <SHORT-TERM-NOTES> 3 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 633 <LONG-TERM-DEBT-CURRENT-PORT> 1 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 109 <LEASES-CURRENT> 59 <OTHER-ITEMS-CAPITAL-AND-LIAB> 3,682 <TOT-CAPITALIZATION-AND-LIAB> 9,607 <GROSS-OPERATING-REVENUE> 3,786 <INCOME-TAX-EXPENSE> 259 <OTHER-OPERATING-EXPENSES> 2,959 <TOTAL-OPERATING-EXPENSES> 3,218 <OPERATING-INCOME-LOSS> 568 <OTHER-INCOME-NET> 66 <INCOME-BEFORE-INTEREST-EXPEN> 634 <TOTAL-INTEREST-EXPENSE> 230 <NET-INCOME> (544)<F2> <PREFERRED-STOCK-DIVIDENDS> 25 <EARNINGS-AVAILABLE-FOR-COMM> (569) <COMMON-STOCK-DIVIDENDS> 222 <TOTAL-INTEREST-ON-BONDS> 188 <CASH-FLOW-OPERATIONS> 637 <EPS-PRIMARY> (3.46) <EPS-DILUTED> (3.46) <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 COMMISION RESTRUCTURING ORDER AND DEREGULATION PP&L'S ELECTRIC GENERATON OPERATIONS. </FN>