8-K

                     SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C. 20549

                                  Form 8-K

                               CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)    May 2, 1997       


                               PP&L Resources, Inc.
___________________________________________________________________________
          (Exact name of registrant as specified in its charter)

         PENNSYLVANIA                   1-11459            23-2758192
___________________________________________________________________________
  (State or other jurisdiction       (Commission         (IRS Employer
        of incorporation)            File Number)        Identification
                                                               No.)

                       Pennsylvania Power & Light Company
___________________________________________________________________________
          (Exact name of registrant as specified in its charter)

         PENNSYLVANIA                   1-905              23-0959590
___________________________________________________________________________
  (State or other jurisdiction       (Commission         (IRS Employer
        of incorporation)            File Number)        Identification
                                                               No.)

      TWO NORTH NINTH STREET, ALLENTOWN, PA.               18101-1179
___________________________________________________________________________
     (Address of principal executive offices)              (Zip Code)



Registrant's telephone number, including area code 610-774-5151     



___________________________________________________________________________
      (Former name or former address, if changed since last report.)



Item 7.  Financial Statements, Pro Forma Financial 
Information and Exhibits

	On April 1, 1997, Pennsylvania Power & Light 
Company ("PP&L" or "the Company") filed its restructuring 
plan with the Pennsylvania Public Utility Commission 
pursuant to the provisions of Pennsylvania's Electricity 
Generation Customer Choice and Competition Act (the "Act").  
In this regard, the following Exhibit is submitted herewith:

	(c)  Exhibits

	99.1 A letter which the Company distributed to members 
of the investment community on May 2, 1997, 
updating certain information regarding the filing 
and the financial and accounting implications of 
the Act for the Company.

	Certain statements contained in the attached 
Exhibit 99.1 are "forward-looking statements" within the 
meaning of the securities laws.  Although the Company 
believes that the expectations reflected in such statements 
are reasonable, it can give no assurance that such 
expectations will prove to have been correct.





                         SIGNATURE

	Pursuant to the requirements of the Securities Exchange 
Act of 1934, the Registrant has duly caused this report to 
be signed on its behalf by the undersigned thereunto duly 
authorized.


                   PP&L RESOURCES, INC. AND
                   PENNSYLVANIA POWER & LIGHT COMPANY




                   By:         /s/ R. E. Hill               
                                   R. E. Hill
                        Senior Vice President-Financial
                      (PP&L Resources, Inc. and Pennsylvania 
                             Power & Light Company)


Date:  May 2, 1997

EX-99

                                                     Exhibit 99.1

            (Company logo appears here)
            Pennsylvania Power & Light Company
            Two North Ninth Street
            Allentown, PA   18101
            610/774-5151


John R. Biggar
Vice President - Finance
610/774-5613
FAX:  610/774-5106
Email: jrbiggar@papl.com



                                     May 2, 1997

Members of the Investment Community:


              Re:  PP&L's Restructuring Plan

	In a letter dated April 1, 1997, I provided you with 
information concerning the Restructuring Plan filed by 
Pennsylvania Power & Light Company with the Pennsylvania Public 
Utility Commission pursuant to Pennsylvania's Electricity 
Generation Customer Choice and Competition Act ("Customer Choice 
Act").

	As set forth in the Restructuring Plan, the Company's 
net mitigated stranded cost claim is $4.6 billion.  My April 1 
letter stated that, by applying the competitive transition charge 
("CTC") proposed by the Company in its Restructuring Plan (which 
is restricted by the rate cap provisions of the Customer Choice 
Act), the Company anticipated collecting $4.2 billion of its 
stranded costs through the end of the transition period on 
December 31, 2005.

	As a result of the ongoing discovery process involved 
in the PUC proceeding, the Company has revised the market price 
for generation and sales forecasts used to determine the amount 
of stranded costs that could be recovered through the CTC.  Using 
the revised market price for generation and sales forecasts, and 
giving effect to the rate cap provisions of the Customer Choice 
Act, the Company now anticipates collecting $4.0 billion of its 
stranded costs.

	Based on these projections, the difference between the 
Company's projection of stranded costs and the amount the Company 
collects through the CTC -- about $600 million -- would be 
reflected as lower cash flow to the Company after the transition 
period than would have occurred with continued regulated rates.  
As I noted in my April 1 letter, this difference does not 
represent an estimate of an exposure to an accounting write-off.

	If you have any questions concerning the Restructuring 
Plan filed by the Company with the PUC on April 1, please feel 
free to call Tim Paukovits, our Investor Relations Manager 
(610/774-4124) or me (610/774-5613).

		Sincerely,



		/s/ John R. Biggar