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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Revenues          
Wholesale energy $ 1,195 $ (906)      
Revenue to affiliates 14 48      
Retail energy 554 630      
Energy-related businesses 248 280      
Total Operating Revenues 2,011 52      
Operation          
Fuel 551 741      
Energy purchases 290 (1,601)      
Other operation and maintenance 531 514      
Depreciation 164 151      
Taxes, other than income 30 31      
Energy-related businesses 233 279      
Total Operating Expenses 1,799 115      
Operating Income (Loss) 212 (63)      
Other Income (Expense) - net 10 13      
Interest Expense 91 64      
Income (Loss) Before Income Taxes 131 (114)      
Income Taxes 10 (58)      
Income (Loss) from Continuing Operations After Income Taxes 121 (56)      
Income (Loss) from Discontinued Operations (net of income taxes) 1 3      
Net Income (Loss) $ 122 $ (53)      
Earnings Per Share of Common Stock - Basic:          
Income (Loss) from continuing operations after income taxes (in dollars per share) $ 1.33 $ (0.67)      
Income (Loss) from discontinued operations (net of income taxes) (in dollars per share) 0.01 0.04      
Net Income (Loss) (in dollars per share) $ 1.34 $ (0.63)      
Amounts Attributable to Shareowners:          
Income from Continuing Operations After Income Taxes $ (121) $ 56      
Earnings Per Share of Common Stock - Diluted:          
Income (Loss) from continuing operations (in dollars per share) $ 1.33 $ (0.67)      
Income (Loss) from discontinued operations (net of income taxes) (in dollars per share) 0.01 0.04      
Net Income (Loss) (in dollars per share) $ 1.34 $ (0.63)      
Net income (loss) $ 122 $ (53)      
Weighted-Average Shares of Common Stock Outstanding (in thousands)          
Basic (in shares) 90,980 83,524      
Diluted (in shares) 91,002 83,524      
PPL Energy Supply LLC [Member]          
Operating Revenues          
Wholesale energy     $ 1,808 $ 2,909 $ 3,976
Revenue to affiliates     1,243 1,027 844
Retail energy     84 51 78
Energy-related businesses     601 527 448
Total Operating Revenues     3,736 4,514 5,346
Operation          
Fuel     1,196 1,049 965
Energy purchases     209 1,171 1,821
Other operation and maintenance     1,007 1,026 997
Loss on lease termination     0 697 0
Depreciation     297 299 272
Taxes, other than income     57 53 55
Energy-related businesses     573 512 432
Total Operating Expenses     3,339 4,807 4,542
Operating Income (Loss)     397 (293) 804
Other Income (Expense) - net     30 32 19
Interest Expense     124 159 158
Income (Loss) Before Income Taxes     303 (420) 665
Income Taxes [1]     116 (159) 236
Income (Loss) from Continuing Operations After Income Taxes     187 (261) 429
Income (Loss) from Discontinued Operations (net of income taxes)     223 32 46
Net Income (Loss)     410 (229) 475
Net Income (Loss) Attributable to Noncontrolling Interests     0 1 1
Net Income (Loss)     410 (230) 474
Amounts Attributable to Shareowners:          
Income from Continuing Operations After Income Taxes     187 (262) 428
Income (Loss) from Discontinued Operations (net of income taxes)     223 32 46
Earnings Per Share of Common Stock - Diluted:          
Net income (loss)     $ 410 $ (230) $ 474
[1] Excludes current and deferred federal and state tax expense recorded to Discontinued Operations of $109 million, $17 million and $27 million in 2014, 2013 and 2012. Also excludes federal and state tax expense (benefit) recorded to OCI of $(56) million, $47 million and $(267) million in 2014, 2013, and 2012.