As of the Expiration Time, less than a majority of holders of Ironwood Bonds had tendered in the exchange offer, and accordingly, the exchange offer expired pursuant to its terms and conditions and no Ironwood Bonds will be exchanged. The Company continues to consider its options with respect to the Ironwood Bonds. About the Company PPL Energy Supply, formed in 2000 and headquartered in Allentown, Pennsylvania, is an energy company engaged through its subsidiaries in the generation and marketing of electricity, primarily in the northeastern and northwestern power markets of the United States. PPL Energy Supply's major operating subsidiaries are PPL Generation and PPL EnergyPlus. PPL Energy Supply is an indirect wholly owned subsidiary of PPL Corporation, a Pennsylvania corporation.