Laser flash-induced spin-polarized transient electron paramagnetic resonance (TREPR) spectra for bis(terpyridoxy)phosphorus(V) porphyrin in a nematic liquid crystal isotropic and in frozen solution are presented. At room temperature, two sequential spin-polarized TREPR spectra are observed. The first is consistent with the triplet state of a radical pair, while the later is assigned to the triplet state of the porphyrin formed by charge recombination. On the basis of the spectroscopic and redox properties of the terpyridine and porphyrin moieties it is proposed that electron transfer from the terpyridine to the excited phosphorus(V) porphyrin occurs. The lifetime of the radical pair is estimated to be of about 175 ns. At low temperature, the radical pair spectrum is no longer observed and the spin polarization pattern of the porphyrin triplet is dramatically different. This behavior is explained by postulating that the electron transfer is inhibited at low temperature because molecular motion is required to stabilize the radical pair. It is proposed that in the absence of this stabilization, the porphyrin triplet state is populated via spin-orbit coupling-mediated intersystem crossing from the excited singlet state.