Exhibit 99

| **Quarterly Servicer's Certificate****PPL Transition Bond Company LLC****$2,420,000,000 Transition Bonds, Series 1999-1**Pursuant to Section 4 of Annex 1 the Intangible Transition          Property Servicing Agreement dated as of August 10, 1999 (the "Servicing          Agreement") between PPL Electric Utilities Corporation, as Servicer          and PPL Transition Bond Company, LLC, as Issuer, the Servicer does hereby          certify as follows:Capitalized terms used in the Quarterly Servicer's            Certificate (the "Quarterly Certificate") have their respective meanings            as set forth in the Servicing Agreement. References herein to the            "Indenture" are to the Indenture dated as of August 10, 1999 between            PPL Transition Bond Company, LLC, as issuer and The Bank of New York            as Trustee.Billing Periods: December 2001, January 2002, February            2002Payment Date: March 25, 2002 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **1.** | **Collections Allocable and Aggregate      Amounts Available for the Current Payment Date:**                |                                                                 |
|--------|-------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------|
|   | i.                                                                                                          | Remittances for the December 2001      Collection Period             |   | $30,533,203.17 |
|   | ii.                                                                                                         | Remittances for the January 2002      Collection Period              | $33,519,415.87 |
|   | iii.                                                                                                        | Remittances for the February 2002      Collection Period             | $33,251,062.75 |
|   | iv.                                                                                                         | Net Earnings on Collection Account                                   | $216,842.71 |
|   | v.                                                                                                          | Net Earnings on Capital Subaccount                                   |   |   | $58,052.84 |
|   | vi.                                                                                                         | Net Earnings on Overcollateralization      Subaccount                |   |   | $13,938.40 |
|   | vii.                                                                                                        | Net Earnings on Reserve Subaccount                                   |   |   |   |   | $84,494.31 |
|   | **viii.**                                                                                                   | **General Subaccount Balance**                                       |   |   |   |   |   | **$97,677,010.05** |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
|   | ix.                                                                                                         | Reserve Subaccount Balance                                           |   |   |   |   |   | $19,394,307.31 |
|   | x.                                                                                                          | Overcollateralization Subaccount Balance                             |   |   | $2,943,243.16 |
|   | xi.                                                                                                         | Capital Subaccount Balance (less $100K)                              |   |   | $12,000,000.00 |
|   | **xii.**                                                                                                    | **Collection Account Balance**                                       |   |   |   |   |   | **$132,014,560.52** |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
| **2.** | **Outstanding Principal Balance      and Collection Account Balance as of Prior Payment Date:**             |                                                                 |
|   | i.                                                                                                          | Class A-1 Principal Balance                                          |   |   |   |   |   | $0.00 |
|   | ii.                                                                                                         | Class A-2 Principal Balance                                          |   |   |   |   |   | $0.00 |
|   | iii.                                                                                                        | Class A-3 Principal Balance                                          |   |   |   |   |   | $277,308,357.00 |
|   | iv.                                                                                                         | Class A-4 Principal Balance                                          |   |   |   |   |   | $201,000,000.00 |
|   | v.                                                                                                          | Class A-5 Principal Balance                                          |   |   |   |   |   | $313,000,000.00 |
|   | vi.                                                                                                         | Class A-6 Principal Balance                                          |   |   |   |   |   | $223,000,000.00 |
|   | vii.                                                                                                        | Class A-7 Principal Balance                                          |   |   |   |   |   | $455,000,000.00 |
|   | viii.                                                                                                       | Class A-8 Principal Balance                                          |   |   |   |   |   | $454,000,000.00 |
|   | **ix.**                                                                                                     | **Transition Bond Principal Balance**                                |   |   |   | **$1,923,308,357.00** |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
|   | x.                                                                                                          | Reserve Subaccount Balance                                           |   |   |   |   |   | $19,394,307.31 |
|   | xi.                                                                                                         | Overcollateralization Subaccount Balance                             |   |   | $2,943,243.16 |
|   | xii.                                                                                                        | Capital Subaccount Balance                                           |   |   |   |   |   | $12,000,000.00 |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
| **3.** | **Required Funding/Payments as of      Current Payment Date:**                                              |                                                                 |   |   |
|   | i.                                                                                                          | Projected Class A-1 Bond Balance                                     |   |   | $0.00 |
|   | ii.                                                                                                         | Projected Class A-2 Bond Balance                                     |   |   | $0.00 |
|   | iii.                                                                                                        | Projected Class A-3 Bond Balance                                     |   |   | $209,424,797.00 |
|   | iv.                                                                                                         | Projected Class A-4 Bond Balance                                     |   |   | $201,000,000.00 |
|   | v.                                                                                                          | Projected Class A-5 Bond Balance                                     |   |   | $313,000,000.00 |
|   | vi.                                                                                                         | Projected Class A-6 Bond Balance                                     |   |   | $223,000,000.00 |
|   | vii.                                                                                                        | Projected Class A-7 Bond Balance                                     |   |   | $455,000,000.00 |
|   | viii.                                                                                                       | Projected Class A-8 Bond Balance                                     |   |   | $454,000,000.00 |
|   | **ix.**                                                                                                     | **Projected Transition Bond Balance**                                |   |   | **$1,855,424,797.00** |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
|   | x.                                                                                                          | Required Class A-1 Coupon (6.08% per      annum rate)                |   |   | $0.00 |
|   | xi.                                                                                                         | Required Class A-2 Coupon (6.41% per      annum rate)                |   |   | $0.00 |
|   | xii.                                                                                                        | Required Class A-3 Coupon (6.60% per      annum rate)                |   |   | $4,575,587.89 |
|   | xiii.                                                                                                       | Required Class A-4 Coupon (6.72% per      annum rate)                |   |   | $3,376,800.00 |
|   | xiv.                                                                                                        | Required Class A-5 Coupon (6.83% per      annum rate)                |   |   | $5,344,475.00 |
|   | xv.                                                                                                         | Required Class A-6 Coupon (6.96% per      annum rate)                |   |   | $3,880,200.00 |
|   | xvi.                                                                                                        | Required Class A-7 Coupon (7.05% per      annum rate)                |   |   | $8,019,375.00 |
|   | xvii.                                                                                                       | Required Class A-8 Coupon (7.15% per      annum rate)                |   |   | $8,115,250.00 |
|   | xviii                                                                                                       | Required Overcollateralization Funding                               |   |   | $327,027.00 |
|   | xix.                                                                                                        | Required Capital Subaccount Funding                                  |   |   | $0.00 |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
| **4.** | **Allocation of Remittances as of      Current Payment Date Pursuant to Section 8.02(d) of the Indenture:** |
|   | i.                                                                                                          | Bond Trustee Fees and Expenses                                       |   |   | $5,625.00 |
|   | ii.                                                                                                         | Independent Managers Fee                                             |   |   | $0.00 |
|   | iii.                                                                                                        | Servicing Fee                                                        |   |   | $312,500.00 |
|   | iv.                                                                                                         | Quarterly Administration Fee                                         |   |   | $25,000.00 |
|   | v.                                                                                                          | Operating Expenses (subject to $100,000      cap)                    |   |   | $0.00 |
|   | **vi.**                                                                                                     | **Quarterly Interest**                                               |   |   | **$33,311,687.89** |
|   |                                                                                                        | 1.                                                                   | Class A-1 Bond Coupon Payment |   |   | $0.00 |
|   |                                                                                                        | 2.                                                                   | Class A-2 Bond Coupon Payment |   |   | $0.00 |
|   |                                                                                                        | 3.                                                                   | Class A-3 Bond Coupon Payment |   |   | $4,575,587.89 |
|   |                                                                                                        | 4.                                                                   | Class A-4 Bond Coupon Payment |   |   | $3,376,800.00 |
|   |                                                                                                        | 5.                                                                   | Class A-5 Bond Coupon Payment |   |   | $5,344,475.00 |
|   |                                                                                                        | 6.                                                                   | Class A-6 Bond Coupon Payment |   |   | $3,880,200.00 |
|   |                                                                                                        | 7.                                                                   | Class A-7 Bond Coupon Payment |   |   | $8,019,375.00 |
|   |                                                                                                        | 8.                                                                   | Class A-8 Bond Coupon Payment |   |   | $8,115,250.00 |
|   | vii.                                                                                                        | Principal Due and Payable                                            |   |   | $- |
|   | **viii.**                                                                                                   | **Scheduled Quarterly Principal**                                    |   |   | **$67,883,560.00** |
|   |                                                                                                        | 1.                                                                   | Class A-1 Bond Principal Payment |   |   | $0.00 |
|   |                                                                                                        | 2.                                                                   | Class A-2 Bond Principal Payment |   |   | $0.00 |
|   |                                                                                                        | 3.                                                                   | Class A-3 Bond Principal Payment |   |   | $67,883,560.00 |
|   |                                                                                                        | 4.                                                                   | Class A-4 Bond Principal Payment |   |   | $0.00 |
|   |                                                                                                        | 5.                                                                   | Class A-5 Bond Principal Payment |   |   | $0.00 |
|   |                                                                                                        | 6.                                                                   | Class A-6 Bond Principal Payment |   |   | $0.00 |
|   |                                                                                                        | 7.                                                                   | Class A-7 Bond Principal Payment |   |   | $0.00 |
|   |                                                                                                        | 8.                                                                   | Class A-8 Bond Principal Payment |   |   | $0.00 |
|   | ix.                                                                                                         | Operating Expenses (in excess of $100,000)                           |   |   | $0.00 |
|   | x.                                                                                                          | Funding of Capital Subaccount (to      required level)               |   |   | $0.00 |
|   | xi.                                                                                                         | Funding of Overcollateralization Subaccount      (to required level) |   | $313,088.60 |
|   | xii.                                                                                                        | Net Earnings on Capital Subaccount      Released to Issuer           |   | $58,052.84 |
|   | xiii.                                                                                                       | Deposits to Reserve Subaccount                                       |   |   | $0.00 |
|   | xiv.                                                                                                        | Released to Issuer upon Series Retirement:      Collection Account   |   | $0.00 |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
| **5.** | **Outstanding Principal Balance      and Collection Account Balance as of Current Payment Date:**           |
|   | **(after giving effect to payments      to be made on such payment date):**                                 |                                                                 |   |
|   | i.                                                                                                          | Class A-1 Principal Balance                                          |   |   |   |   |   | $0.00 |
|   | ii.                                                                                                         | Class A-2 Principal Balance                                          |   |   |   |   |   | $0.00 |
|   | iii.                                                                                                        | Class A-3 Principal Balance                                          |   |   |   |   |   | $209,424,797.00 |
|   | iv.                                                                                                         | Class A-4 Principal Balance                                          |   |   |   |   |   | $201,000,000.00 |
|   | v.                                                                                                          | Class A-5 Principal Balance                                          |   |   |   |   |   | $313,000,000.00 |
|   | vi.                                                                                                         | Class A-6 Principal Balance                                          |   |   |   |   |   | $223,000,000.00 |
|   | vii.                                                                                                        | Class A-7 Principal Balance                                          |   |   |   |   |   | $455,000,000.00 |
|   | viii.                                                                                                       | Class A-8 Principal Balance                                          |   |   |   |   |   | $454,000,000.00 |
|   | **ix.**                                                                                                     | **Transition Bond Principal Balance**                                |   |   |   | **$1,855,424,797.00** |
|   |                                                                                                        |                                                                 |   |   |   |   |   |   |   |   |   |   |
|   | x.                                                                                                          | Reserve Subaccount Balance                                           |   |   |   |   |   | $15,147,864.63 |
|   | xi.                                                                                                         | Overcollateralization Subaccount Balance                             |   |   | $3,270,270.16 |
|   | xii.                                                                                                        | Capital Subaccount Balance (less $100K)                              |   |   | $12,000,000.00 |

|                                                                                                     |                                                                                                                |                             |                             |   |   |              |   |   |      |   |   |   |
|----------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------|----------------------------------|----------------------------------|--------|--------|-------------------|--------|--------|-----------|--------|--------|--------|
| **6.**                                                                                                   | **Subaccount Draws as of Current      Payment Date (if applicable, pursuant to Section 8.02(d) of the Indenture):** |
|                                                                                                     | i.                                                                                                                  | Reserve Subaccount               |                             |   |   | $4,330,936.99     |
|                                                                                                     | ii.                                                                                                                 | Overcollateralization Subaccount |                             |   |   | $0.00             |
|                                                                                                     | iii.                                                                                                                | Capital Subaccount               |                             |   |   | $0.00             |
|                                                                                                     | **iv.**                                                                                                             | **Total Draws**                  |                             |   |   | **$4,330,936.99** |
|                                                                                                     |                                                                                                                |                             |                             |   |   |              |   |   |      |   |   |   |
| **7.**                                                                                                   | **Shortfalls In Interest and Principal      Payments as of Current Payment Date:**                                  |                             |                             |
|                                                                                                     | **i.**                                                                                                              | **Quarterly Interest**           |                             |   |   |              |   |   | **$0.00** |
|                                                                                                     |                                                                                                                | 1.                               | Class A-1 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 2.                               | Class A-2 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 3.                               | Class A-3 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 4.                               | Class A-4 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 5.                               | Class A-5 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 6.                               | Class A-6 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 7.                               | Class A-7 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 8.                               | Class A-8 Bond Coupon Payment    |   |   |              |   | $0.00  |
|                                                                                                     | **ii.**                                                                                                             | **Quarterly Principal**          |                             |   |   |              |   |   | **$0.00** |
|                                                                                                     |                                                                                                                | 1.                               | Class A-1 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 2.                               | Class A-2 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 3.                               | Class A-3 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 4.                               | Class A-4 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 5.                               | Class A-5 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 6.                               | Class A-6 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 7.                               | Class A-7 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                | 8.                               | Class A-8 Bond Principal Payment |   |   |              |   | $0.00  |
|                                                                                                     |                                                                                                                |                             |                             |   |   |              |   |   |      |   |   |   |
| **8.**                                                                                                   | **Shortfalls in Required Subaccount      Levels as of Current Payment Date:**                                       |                             |
|                                                                                                     | i.                                                                                                                  | Overcollateralization Subaccount |                             |   |   | $0.00             |
|                                                                                                     | ii.                                                                                                                 | Capital Subaccount               |                             |   |   |              |   |   | $0.00     |
|                                                                                                     |                                                                                                                |                             |                             |   |   |              |   |   |      |   |   |   |
| IN WITNESS HEREOF, the undersigned has duly executed        and delivered this Quarterly Servicer's Bond |
| this 20th day of March, 2002.                                                                            |                                                                                                                |                             |                             |   |   |              |   |
|                                                                                                     |                                                                                                                |                             |                             |   |   |              |   |   |      |   |   |   |
| PPL Electric Utilities Corporation,      as Servicer                                                     |                                                                                                                |                             |                             |   |
|                                                                                                     |                                                                                                                |                             |                             |   |   |              |   |   |      |   |   |   |
| by: _______________________                                                                              |
|                                                                                                     | James E. Abel                                                                                                       |                             |                             |   |   |              |   |   |      |
|                                                                                                     | Treasurer                                                                                                           |                             |                             |   |   |              |   |   |      |