<ARTICLE> UT <CIK> 0000922224 <NAME> PP&L RESOURCES, INC. <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 9-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> SEP-30-1999 <BOOK-VALUE> PER-BOOK <TOTAL-NET-UTILITY-PLANT> 4,823 <OTHER-PROPERTY-AND-INVEST> 833 <TOTAL-CURRENT-ASSETS> 1,479 <TOTAL-DEFERRED-CHARGES> 3,474 <OTHER-ASSETS> 0 <TOTAL-ASSETS> 10,609 <COMMON> 2 <CAPITAL-SURPLUS-PAID-IN> 965<F1> <RETAINED-EARNINGS> 543 <TOTAL-COMMON-STOCKHOLDERS-EQ> 1,510 <PREFERRED-MANDATORY> 47 <PREFERRED> 50 <LONG-TERM-DEBT-NET> 3,900 <SHORT-TERM-NOTES> 82 <LONG-TERM-NOTES-PAYABLE> 0 <COMMERCIAL-PAPER-OBLIGATIONS> 354 <LONG-TERM-DEBT-CURRENT-PORT> 481 <PREFERRED-STOCK-CURRENT> 0 <CAPITAL-LEASE-OBLIGATIONS> 83 <LEASES-CURRENT> 59 <OTHER-ITEMS-CAPITAL-AND-LIAB> 4,043 <TOT-CAPITALIZATION-AND-LIAB> 10,609 <GROSS-OPERATING-REVENUE> 3,457 <INCOME-TAX-EXPENSE> 92 <OTHER-OPERATING-EXPENSES> 2,792 <TOTAL-OPERATING-EXPENSES> 2,884 <OPERATING-INCOME-LOSS> 573 <OTHER-INCOME-NET> 7 <INCOME-BEFORE-INTEREST-EXPEN> 580 <TOTAL-INTEREST-EXPENSE> 203 <NET-INCOME> 305<F2> <PREFERRED-STOCK-DIVIDENDS> 19 <EARNINGS-AVAILABLE-FOR-COMM> 286 <COMMON-STOCK-DIVIDENDS> 115 <TOTAL-INTEREST-ON-BONDS> 0 <CASH-FLOW-OPERATIONS> 530 <EPS-BASIC> 1.85 <EPS-DILUTED> 1.85 <FN> <F1>Net of $836 million of treasury stock <F2>Net income includes an extraordinary item of ($59) million ($100 million net of $41 million of income taxes) reflecting the effects of the early extinguishment of debt. It also includes minority interest of $13 million. </FN>