PPL WEM Holdings plc Announces Proposed Senior Notes Offering

LONDON, April 15, 2011 - PPL WEM Holdings plc ("PPL WEM") today announced that sometime next week
it intends to offer up to $960 million aggregate principal amount of senior
notes, consisting of senior notes due 2016 and senior notes due 2021. The use
of proceeds for the offering is partial repayment of the bridge loan incurred
in connection with PPL Corporation's recent acquisition of Western Power
Distribution (East Midlands) plc (formerly known as Central Networks East
plc) and WPD Midlands Holdings Limited (formerly known as Central Networks
Limited), parent of Western Power Distribution (West Midlands) plc (formerly
known as Central Networks West plc).

The notes will be offered in a private placement to qualified
institutional buyers pursuant to Securities and Exchange Commission ("SEC")
Rule 144A and non-U.S. persons pursuant to SEC Regulation S under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), subject to market
and other conditions. No assurance can be given that the offering will be
completed or, if completed, as to the terms on which it is completed. The
notes to be offered have not been, and will not be, registered under the
Securities Act or securities laws of any other jurisdiction and may not be
offered or sold in the United States absent registration or pursuant to an
applicable exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and any other applicable
securities laws. This press release does not constitute an offer to sell or
the solicitation of an offer to buy the notes, nor shall it constitute an
offer, solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.

PPL Corporation (NYSE: PPL), headquartered in Allentown, Pa., owns or
controls about 19,000 megawatts of regulated and competitive generating
capacity in the United States, sells energy in key U.S. markets, and delivers
electricity and natural gas to about 10 million customers in the United
States and the United Kingdom.

Statements contained in this news release which are not historical facts
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 are subject to a number of risks and uncertainties, and actual
results may differ materially from the results discussed in the statements.

For news media - Dan McCarthy, +1-610-774-5758, For financial analysts - Joseph P. Bergstein, +1-610-774-5609, both of PPL Corporation