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ALLENTOWN, PA-PPL Nuclear Development LLC, a subsidiary oflocally based PPL Corp., has signed an agreement with an affiliateof Baltimore-based UniStar Nuclear Energy to prepare an applicationto obtain a license to construct and operate a new nuclear powerplant near its existing Susquehanna nuclear units in Berwick.UniStar is a joint venture between Constellation Energy, also basedin Baltimore, and EDF Group, a European energy companyheadquartered in Paris.

The application, based on Areva's US Evolutionary Power Reactordesign, will be submitted to the US Nuclear Regulatory Commissionby the end of 2008. Although PPL has not yet decided to moveforward with construction, the application time frame helpspreserve the potential for federal production tax credits andfederal loan guarantees under the US Energy Policy Act of 2005.