Exhibit 10(ww)


    Exhibit
      10(ww)

    


     

    Summary
      of Compensation Arrangements for David G. DeCampli

     

    Reference
      is made to the Current Report on Form 8-K filed by PPL Electric Utilities
      Corporation (“PPL Electric”) on January 31, 2007 for general information
      regarding the compensation arrangements of PPL Electric’s executive officers,
      and to Exhibit 10(qq) filed herewith for the employment letter of David G.
      DeCampli. Mr. DeCampli began serving as Senior Vice President-Transmission
      and
      Distribution Engineering and Operations of PPL Electric effective December
      4,
      2006. Pursuant to his employment letter, Mr. DeCampli received a signing bonus
      of $450,000 of which $225,000 was paid in cash following his employment date
      and
      $225,000 was provided in the form of restricted stock units which will vest
      in
      three years. Mr. DeCampli’s base salary and cash and equity incentive awards
      were approved by the Corporate Leadership Council of PPL Corporation on February
      12, 2007. His 2007 annual base salary is $265,000, effective January 1, 2007,
      and he received an annual cash incentive award of $117,000. Under PPL’s
      Incentive Compensation Plan for Key Employees, Mr. DeCampli was granted
      long-term incentive equity awards as follows:

     

    Restricted
      Stock Units (Strategic Objective Results): 1,980 Units

     

    Restricted
      Stock Units (Sustained Financial and Operational Results): 2,390
      Units

     

    Stock
      Options: 25,110 Shares

     

    Under
      his
      employment letter, if Mr. DeCampli’s employment is terminated within one year
      from his date of hire, he is entitled to receive a severance payment equal
      to
      one year’s base salary, and he will continue to receive employee health, dental
      and basic life insurance benefits for one year following his termination. If
      his
      employment is terminated after one year from his date of hire, he will receive
      a
      payment equal to his salary for a period of 52 weeks or until he secures
      alternative employment, whichever occurs first. Mr. DeCampli will be required
      to
      execute a form of release that is acceptable to PPL in order to receive
      severance benefits. Mr. DeCampli is also entitled to protection in case of
      a
      change in control of PPL. Under this arrangement, he is entitled to two times
      annual salary and annual cash incentive. This arrangement also extends his
      coverage under employee group life, disability, accident and health insurance
      for two years and provides an additional two years of pension credit when
      determining his PPL retirement benefit. Mr. DeCampli is also eligible to
      participate in the Supplemental Executive Retirement Plan (“SERP”) which
      provides officers with enhanced retirement benefits upon retirement after 10
      years of service. Mr. DeCampli may also participate in the Officers’ Deferred
      Compensation Plan (“ODCP”) which permits participants to defer compensation to
      manage current income taxes as well as the Premium Exchange Program (“Exchange
      Program”) which allows participants to exchange all or a portion of their annual
      cash incentive for PPL Restricted Stock Units which are valued at a 40% premium.
      The Exchange Program assists executives in accumulating PPL Stock in order
      to
      comply with PPL’s Executive Equity Ownership Guideline Program. Under this
      Program, Mr. DeCampli is required to hold the number of PPL shares equal in
      amount to his base salary by the end of five years from his date of hire.
      Information concerning PPL Electric’s change in control arrangements, SERP,
      Exchange Program and other executive compensation information is provided in
      PPL
      Electric’s most recent Information Statement for its Annual Meeting of
      Shareowners filed on March 10, 2006 and on file with the SEC.