William H. Spence

William H. Spence, PPL Corporation’s
president and chief operating officer, has been named chief executive officer
of the $17 billion, multinational energy company. Spence also has been elected to
PPL’s board of directors.

He replaces James H. Miller,
the top executive at PPL since 2006. Milller, who will retire on March 31, 2012, will continue to serve as chairman of the board until his retirement when he will leave the board.

Miller, 63, served as chairman, president and chief executive officer of PPL
from October of 2006 until July of this year when Spence was named president of
the corporation.

Spence, 54, joined PPL in 2006 as chief operating officer, with
responsibility for the operations of the company’s regulated utility operations
in the U.S. and the United Kingdom, PPL’s competitive-market power plants in
the Mid-Atlantic region and in Montana and the company’s energy marketing
organization.

He served in that role until being named president of the
corporation earlier this year. Spence came to PPL from Pepco Holdings Inc. in Washington, D.C., where he
was president of Pepco’s $3 billion competitive generation and retail marketing
businesses, which included Conectiv Energy and Pepco Energy Services.

He joined Delmarva Power in 1987 in the company’s regulated gas business,
where he held various positions before being named vice president of trading
for Delmarva Power in 1996. Spence also served as senior vice president of
Conectiv before being named president of the combined competitive-market businesses
after Conectiv’s merger with Pepco.

He holds a bachelor’s degree in petroleum and natural gas engineering from
Penn State University and a master’s degree in business administration from
Bentley College in Waltham, Mass. He also is a graduate of the Executive
Development Program at the University of Pennsylvania and the Nuclear
Technology Program of the Massachusetts Institute of Technology.

Spence serves on the boards of the National Nuclear Accrediting Board, the
United Way of the Greater Lehigh Valley and the Delaware Museum of Natural
History. He also is a member of the Electric Power Research Institute’s
Research Advisory Council.

Before coming to PPL, Miller was executive vice president of USEC Inc., an
international supplier of enriched uranium. Previously, he was president of two
ABB Group subsidiaries: ABB Environmental Systems and ABB Resource Recovery
Systems. He also served as president of the former UC Operating Services. He
began his career in the electricity industry at the former Delmarva Power &
Light Company.

Miller serves on the executive committee of the Edison Electric Institute
and is a member of the boards of the Nuclear Energy Institute and Nuclear
Electric Insurance Limited. He also serves on the board of directors of Crown
Holdings, Inc. of Philadelphia, and Rayonier, Inc. of Jacksonville, Fla.

PPL Corporation, headquartered in Allentown, Pa., through its subsidiaries,
owns or controls about 19,000 megawatts of 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.

Bob Hanna to replace Lee Solomon at the NJBPU

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