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): June 19, 2002

                                 PPL Corporation
                                 ---------------
             (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.)


                       PPL Electric Utilities Corporation
                       ----------------------------------
             (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.)

                             PPL Energy Supply, LLC
                             ----------------------
             (Exact Name of Registrant as Specified in Its Charter)


              Delaware                  333-74794                 23-3074920
    ----------------------------       -----------           -------------------
    (State or other jurisdiction       (Commission             (IRS Employer
        of Incorporation)              File Number)          Identification No.)

           Two North Ninth Street, Allentown, Pennsylvania 18101-1179
           ----------------------------------------------------------
                    (Address of principal executive offices)


       Registrant's Telephone Number, including Area Code: (610) 774-5151


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





ITEM 5.  OTHER EVENTS


PRODUCTIVITY ENHANCEMENT PROGRAM

On June 19, 2002, PPL Corporation ("PPL Corp.") issued a press release
announcing a productivity enhancement program. A copy of the press release is
attached as Exhibit 99.1.

As discussed in the press release, as a result of costs associated with employee
separations, PPL Corp. expects to record primarily a non-cash charge against
second-quarter earnings of approximately $75 million, on a consolidated basis.
In connection with such employee separations, PPL Electric Utilities Corporation
("PPL Electric Utilities") and PPL Energy Supply, LLC ("PPL Energy Supply")
expect to record primarily non-cash charges against second-quarter earnings of
approximately $34 million and $40 million, respectively.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(c)     Exhibits

99.1 Press Release, dated June 19, 2002, regarding PPL Corp.'s productivity
enhancement program.





                                   SIGNATURES


        Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrants have duly caused this report to be signed on their behalf by the
undersigned hereunto duly authorized.

                             PPL CORPORATION


                             By: /s/ Joseph J. McCabe
                                ----------------------------------------
                                Joseph J. McCabe
                                Vice President and Controller


                             PPL ELECTRIC UTILITIES CORPORATION


                             By: /s/ Joseph J. McCabe
                                ----------------------------------------
                                Joseph J. McCabe
                                Vice President and Controller


                             PPL ENERGY SUPPLY, LLC


                             By: /s/ Joseph J. McCabe
                                ----------------------------------------
                                Joseph J. McCabe
                                Controller


Dated:  June 21, 2002

EX-99

EXHIBIT 99.1

Contact:   Dan McCarthy, 610-774-5758
           PPL CORPORATION

           Two North Ninth St.
           Allentown, Pa. 18101

           Fax 610-774-5281

                PPL CORPORATION PRODUCTIVITY ENHANCEMENT PROGRAM
                 EXPECTED TO REDUCE ANNUAL COSTS BY $50 MILLION


               ALLENTOWN, Pa. (June 19, 2002) -- PPL Corporation (NYSE: PPL)
announced Wednesday (6/19) a productivity enhancement program that will improve
service to customers and is expected to reduce the company's operation and
maintenance costs by about $50 million a year.
               "As the result of an exhaustive examination that involved all
PPL's business lines as well as its support services, we have identified
productivity improvements that will provide the highest quality and best value
for our customers," said William F. Hecht, PPL chairman, president and chief
executive officer.
        Hecht said the bulk of the annual savings will result from about a 7
percent reduction in the company's U.S. workforce. PPL previously had undertaken
a similar productivity improvement program in its Latin American operations.
        He said the changes, achieved through technological advances and new
work processes, will improve the quality of service to PPL customers. "This
productivity program is part of a broad and ongoing effort to continuously
modernize our operations so that we can provide better service at the lowest
cost," said Hecht.
        PPL employees are being told of the reductions in meetings today. The
company announced the productivity enhancement program to employees earlier this
year.
        "While a reduction of the workforce always is a difficult decision to
make, we do anticipate that a large number of the 598 employees affected by the
change will take advantage of a special retirement provision of the program,"
said Hecht. "Our managers throughout the company will be working very hard over
the next several weeks to ensure that employees are treated fairly."
        Among the benefits for employees whose positions are eliminated, he
said, will be the services of a company-paid outplacement firm. The plan calls
for the elimination of 285 management positions and 313 bargaining unit jobs.
        Hecht noted that certain positions that are key to providing
high-quality service to PPL's electricity delivery customers - linemen,
electricians and line foremen, for example - will not be affected by the
reductions.
        Hecht said costs associated with employee separations, estimated at $75
million, or 29 cents per share, are expected to result in a primarily non-cash
charge against PPL's second-quarter earnings. Most of these costs will be paid




in enhanced pension benefits from the company's Pension Plan Trust. The company
plans to announce second-quarter earnings on July 24.
        The operations and maintenance cost reductions are in addition to a
company decision announced in January that reduced PPL's planned capital
spending on new generating facilities by $1.3 billion.
        Hecht said PPL remains committed to providing high-quality service to
its customers and to growing value for shareowners through selective expansion
of its operations.
        "At PPL, we realize that creating true value for shareowners means
making prudent expansion decisions and making sure that ongoing operations are
among the best in the energy business," said Hecht.
        Over the past several years, PPL has increased its United States
generating capacity by 25 percent and it now controls more than 10,000 megawatts
in two of the nation's largest markets. The company also has expanded its
electricity delivery business, now providing delivery services to customers in
Pennsylvania, in the United Kingdom and in Latin America.
        "As we have been saying for some time, our balanced strategy of
operating both generation and delivery businesses provides PPL with
opportunities that a one-dimensional strategy may exclude," said Hecht.
"Implicit in our balanced strategy approach is a commitment to aggressively
manage our costs. This productivity enhancement program is part of that ongoing
cost-control effort."
        PPL Corporation, headquartered in Allentown, Pa., controls or owns more
than 10,000 megawatts of generating capacity in the United States, sells energy
in key U.S. markets, and delivers electricity to nearly 6 million customers in
Pennsylvania, the United Kingdom and Latin America.

Certain statements contained in this news release, including statements with
respect to earnings, corporate strategy, growth, expenses and productivity are
"forward-looking statements" within the meaning of the federal securities laws.
Although PPL Corporation believes that the expectations and assumptions
reflected in these forward-looking statements are reasonable, these statements
involve a number of risks and uncertainties, and actual results may differ
materially from the results discussed in the statements. The following are among
the important factors that could cause actual results to differ materially from
the forward-looking statements: market demand and prices for energy, capacity
and fuel; weather variations affecting customer energy usage; competition in
retail and wholesale power markets; the effect of any business or industry
restructuring; the profitability and liquidity of PPL Corporation and its
subsidiaries; new accounting requirements or new interpretations or applications
of existing requirements; operating performance of plants and other facilities;
environmental conditions and requirements; system conditions and operating
costs; development of new projects, markets and technologies; performance of new
ventures; political, regulatory or economic conditions in states, regions or
countries where PPL Corporation or its subsidiaries conduct business; receipt
and renewals of necessary governmental permits and approvals; capital market
conditions; stock price performance; credit ratings; foreign exchange rates;
state and federal regulatory developments; new state or federal legislation; and



the commitments and liabilities of PPL Corporation and its subsidiaries. Any
such forward-looking statements should be considered in light of such factors
and in conjunction with PPL Corporation's Form 10-K and other reports on file
with the Securities and Exchange.