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Stocks P / PP&L Resources Inc.


Subject:  Re: Run up Date:  6/25/1999  10:49 PM
Author:  bleon Number:  12 of 117

Until the annual meeting in April, there didnt seem to be much of a strategy set by the Company. At the annual meeting, Hehct stated some of their goals for the next couple-five years: grow earnings at 8%, get to 20,000MW of generation, and grow the customer base to 5 million. I'd like to think that the Company has finally set some direction and Wall Street has taken notice. In comparison to PE's and GPU's published strategies, PPL's may be a little late, but the price has had a nice run. I'll be interested to see how the price reacts to the next interest rate increase.

Regards the UK deal, it seems they are divesting of the generation, and just want to run SWEB as a distribution company, sort of like Emel in Chile. Perhaps the generation assets in the UK are poor.

Any thoughts??
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