XML 97 R60.htm IDEA: XBRL DOCUMENT v3.3.0.814
Acquisitions, Development and Divestitures (Acquisitions) (Detail)
$ / shares in Units, $ in Millions
1 Months Ended 6 Months Ended 12 Months Ended
Jun. 01, 2015
USD ($)
shares
Nov. 30, 2014
USD ($)
Facility
MW
Dec. 31, 2015
USD ($)
MW
Jun. 30, 2015
USD ($)
asset_group
$ / shares
MW
Jun. 30, 2014
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
Project
Employee
Assets
Applications
MW
Dec. 31, 2013
USD ($)
MW
Dec. 31, 2012
USD ($)
Discontinued Operations (Details) [Abstract]                
Income (loss) from Discontinued Operations       $ 1 $ 3      
Property, plant and equipment included in assets of discontinued operations       375        
Preliminary Allocation of the Purchase Price                
Goodwill [1]       470   $ 72    
RJS Power                
Development Projects [Abstract]                
Total consideration $ 902              
Preliminary Allocation of the Purchase Price                
Current assets [2] 123              
Assets of discontinued operations 412              
PP&E 1,782              
Other intangibles [3] 42              
Current liabilities (185)              
Liabilities of discontinued operations (25)              
Long-term debt (1,244)              
Deferred income taxes (321)              
Other noncurrent liabilities [4] (80)              
Net identifiable assets acquired 504              
Goodwill 398              
Net assets acquired 902              
Accounts receivable acquired 28              
Out-of-the-money coal contracts 33              
Pro Forma Information                
Actual operating revenue       102        
Actual net income [5]       14        
Pro forma operating revenues       2,303 603      
Pro forma income (loss) after tax from continuing operations       $ 125 $ (32)      
Pro Forma earnings per share, basic (in dollars per share) | $ / shares       $ 0.97 $ (0.25)      
Nonrecurring acquisition, integration and other costs       $ 5        
RJS Power | Pipeline lease                
Preliminary Allocation of the Purchase Price                
Other intangibles $ 25              
Amortization period 14 years              
RJS Power | Ash site permit                
Preliminary Allocation of the Purchase Price                
Other intangibles $ 17              
Amortization period 10 years              
RJS Power | Common Stock                
Development Projects [Abstract]                
Shares issued in acquisition (in shares) | shares 44,974,658              
MACH Gen. LLC | Scenario, Forecast                
Development Projects [Abstract]                
Total consideration     $ 1,175          
Pro Forma Information                
Generating capacity | MW     2,500          
Spinoff | Spinoff from PPL                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Number of asset groups proposed to be divested, one of which to be selected | asset_group       2        
Number of asset groups that will be divested | asset_group       1        
Spinoff | Spinoff from PPL | Minimum                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Capacity, in total, to be divested in connection with the spinoff (in MW) | MW       1,300        
Spinoff | Spinoff from PPL | Maximum                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Capacity, in total, to be divested in connection with the spinoff (in MW) | MW       1,400        
Talen Montana Hydro Sale                
Divestitures - Montana Hydro Sale (Numeric) [Abstract]                
Capacity of facilities sold (in MW) | MW   633            
Agreed upon sales price for disposal of hydroelectric facilities owned by PPL Montana   $ 900            
Number of hydroelectric facilities owned by PPL Montana sold | Facility   11            
Discontinued Operations (Details) [Abstract]                
Operating revenues         $ 70      
Interest expense [6]         5      
Income (loss) before income taxes [7]         9      
Income (loss) from Discontinued Operations [7]         $ 3      
PPL Energy Supply LLC [Member]                
Divestitures - Montana Hydro Sale (Numeric) [Abstract]                
Capacity of facilities sold (in MW) | MW           633    
Agreed upon sales price for disposal of hydroelectric facilities owned by PPL Montana           $ 900    
Number of hydroelectric facilities owned by PPL Montana sold           11    
Discontinued Operations (Details) [Abstract]                
Income (loss) from Discontinued Operations           $ 223 $ 32 $ 46
Loss on lease termination           0 (697) 0
Loss on sale-leaseback termination, after-tax             413  
Payment on lease termination             271  
Preliminary Allocation of the Purchase Price                
Goodwill           72 $ 86  
PPL Energy Supply LLC [Member] | Rainbow Hydroelectric Plant Expansion [Member]                
Development Projects [Abstract]                
Completed capacity expansion (in MW) | MW             63  
Cumulative deferred investments tax credits recorded           60    
Treasury grants approved, accepted and to be received in lieu of tax credits           56    
PPL Energy Supply LLC [Member] | Holtwood Hydroelectric Plant Expansion [Member]                
Development Projects [Abstract]                
Completed capacity expansion (in MW) | MW             125  
Cumulative deferred investments tax credits recorded           117    
Treasury grants approved, accepted and to be received in lieu of tax credits           $ 108    
PPL Energy Supply LLC [Member] | Proposed Bell Bend Nuclear Unit [Member]                
Development Projects [Abstract]                
Number of applicants still active in DOE nuclear guarantee program | Applications           8    
Number of applicants that submitted loan guarantees to the DOE | Applications           10    
Current appropriated federal loan guarantees for nuclear projects           $ 18,500    
Maximum number of projects the DOE is expected to finance | Project           3    
Amount currently authorized by Board of Directors to spend on Bell Bend COLA           $ 224    
Capitalized costs associated with licensing efforts           $ 188 $ 173  
PPL Energy Supply LLC [Member] | Spinoff | Spinoff from PPL                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Number of employees impacted | Employee           112    
PPL Energy Supply LLC [Member] | Spinoff | Spinoff from PPL | Minimum                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Additional seperation costs to be recognized at the spinoff closing date           $ 30    
PPL Energy Supply LLC [Member] | Spinoff | Spinoff from PPL | Maximum                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Additional seperation costs to be recognized at the spinoff closing date           40    
PPL Energy Supply LLC [Member] | Spinoff | Spinoff from PPL | Other Operation Maintenance [Member]                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Seperation benefits           $ 16    
PPL Energy Supply LLC [Member] | Spinoff from PPL                
Divestitures - Anticipated Spinoff of PPL Energy Supply (Numeric) [Abstract]                
Spinoff agreement execution date           Jun. 09, 2014    
Certain details of spinoff transaction           PPL and PPL Energy Supply executed definitive agreements with affiliates of Riverstone to combine their competitive power generation businesses into a new, stand-alone, publicly traded company named Talen Energy. Under the terms of the agreements, at closing, PPL will spin off to PPL shareowners a newly formed entity, Talen Energy Holdings, Inc. (Holdco), which at such time will own all of the membership interests of PPL Energy Supply and all of the common stock of Talen Energy. Immediately following the spinoff, Holdco will merge with a special purpose subsidiary of Talen Energy, with Holdco continuing as the surviving company to the merger and as a wholly owned subsidiary of Talen Energy and the sole owner of PPL Energy Supply. Substantially contemporaneous with the spinoff and merger, RJS Power will be contributed by its owners to become a subsidiary of Talen Energy.    
Initial percent ownership in new company, Talen Energy, by PPL shareowners           65.00%    
Initial percent ownership in new company, Talen Energy, by Riverstone Holdings, LLC           35.00%    
Minimum capacity of revolving credit facility for Talen required at closing under agreement terms           $ 1,000    
Capacity, in total, to be divested in connection with the spinoff (in MW) | MW           1,300    
Number of asset groups proposed to be divested, one of which to be selected | Assets           2    
Number of asset groups that will be divested | Assets           1    
Maximum term after closing to divest an asset group (in months)           Within 12 months    
Spinoff expected completion date           Expected to close in the second quarter of 2015    
PPL Energy Supply LLC [Member] | Talen Montana Hydro Sale                
Discontinued Operations (Details) [Abstract]                
Operating revenues           $ 117 139 154
Gain on the sale           306    
Interest expense [8]           9 12 10
Income (loss) before income taxes           332 49 73
Income (loss) from Discontinued Operations           223 $ 32 $ 46
Property, plant and equipment included in assets of discontinued operations           544    
Goodwill included in assets of discontinued operations           $ 14    
[1] There were no accumulated impairment losses related to goodwill.
[2] Includes gross contractual amount of the accounts receivable acquired of $28 million, which approximates fair value.
[3] Includes $25 million for a pipeline lease that will be amortized over a 14 year period, and $17 million for an ash site permit that has an amortization period of 10 years.
[4] Includes $33 million for "out-of-the-money" coal contracts that will be amortized over the contract term as the coal is consumed.
[5] Includes the operating results of Sapphire, which are classified as discontinued operations.
[6] Represents allocated interest expense based upon the discontinued operations share of the net assets of Talen Energy Supply.
[7] Includes an impairment charge related to the Kerr Dam Project. See Note 13 for additional information.
[8] Represents allocated interest expense based upon the discontinued operations share of the net assets of PPL Energy Supply.