0000922224-04-000072 Sample Contracts

Contract
Transition Property Servicing Agreement • August 11th, 2004 • Pp&l Transition Bond Co Inc • Asset-backed securities

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: March 2004, April 2004, May 2004 Payment Date: June 25, 2004

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