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): April 16, 2004

Commission File Number	Registrant; State of Incorporation; Address and Telephone Number	IRS Employer Identification No.
1-11459	PPL Corporation (Exact name of Registrant as specified in its charter) (Pennsylvania) Two North Ninth Street Allentown, PA 18101-1179 (610) 774-5151	23-2758192
1-905	PPL Electric Utilities Corporation (Exact name of Registrant as specified in its charter) (Pennsylvania) Two North Ninth Street Allentown, PA 18101-1179 (610) 774-5151	23-0959590

Item 5. Other Events

        On April 16, 2004, PPL Electric Utilities Corporation, a subsidiary of PPL Corporation, announced the completion of its offer to repurchase for cash any and all of its $110 million outstanding principal amount of First Mortgage Bonds, 6-1/2% Series due 2005 (the "Tender Offer"). A copy of the press release announcing the completion of the Tender Offer is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits

(c)	Exhibits
	99.1 -	Press Release, dated April 16, 2004, announcing the completion of the Tender Offer.

SIGNATURE

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

PPL CORPORATION

By: /s/ Mark D. Woods
Mark D. Woods
Controller

PPL ELECTRIC UTILITIES CORPORATION

By: /s/ Mark D. Woods
Mark D. Woods
Controller

Dated: April 19, 2004

EX-99

Exhibit 99.1

Contact:	George Biechler, 610-774-5997
	PPL Corporation
	Two N. Ninth St.
	Allentown, PA 18101
	Fax: 610-774-5281

PPL Electric Utilities Corporation Announces Completion
Of Offer to Repurchase First Mortgage Bonds

     ALLENTOWN, Pa. (April 16, 2004) - PPL Electric Utilities Corporation announced today the completion of its offer to repurchase for cash any and all of its $110 million in principal amount of outstanding First Mortgage Bonds, 6-1/2% Series due 2005.
     The offer commenced at 9 a.m. on Tuesday, April 6, 2004, and expired at 5 p.m., New York City time, on Thursday, April 15, 2004. As of the expiration of the offer, assuming proper settlement of all transactions, PPL Electric Utilities had repurchased approximately $40 million of the bonds.
     The purpose of the offer is to reduce the future interest expense of PPL Electric Utilities.
     Morgan Stanley & Co. Incorporated served as dealer manager for the offer. Innisfree M&A Incorporated served as the information agent for the offer.
     PPL Electric Utilities, a subsidiary of PPL Corporation (NYSE: PPL), is a regulated public utility that delivers electricity to 1.3 million customers in its service territory in eastern and central Pennsylvania. PPL Electric Utilities also provides electricity supply to retail customers in that territory as a "provider of last resort" under the Pennsylvania Electricity Generation Customer Choice and Competition Act.
     Headquartered in Allentown, Pa., PPL Corporation controls about 11,500 megawatts of generating capacity in the United States, sells energy in key U.S. markets and delivers electricity to nearly 5 million customers in Pennsylvania, the United Kingdom and Latin America. More information is available at www.pplweb.com.

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