Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2011

Notes To Financial Statements [Abstract]

Basic and Diluted EPS Computations

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for theperiods ended September 30 used in the EPS calculation are:

			Three Months				Nine Months
			2011		2010		2011		2010
Income (Numerator)
Income from continuing operations after income taxes attributable to PPL			$	444	$	301	$	1,039	$	621
Less amounts allocated to participating securities				2		1		4		2
Income from continuing operations after income taxes available to PPL
	common shareowners		$	442	$	300	$	1,035	$	619
Income (loss) from discontinued operations (net of income taxes) available
	to PPL		$		$	(53)	$	2	$	(38)
Net income attributable to PPL			$	444	$	248	$	1,041	$	583
Less amounts allocated to participating securities				2		1		4		2
Net income available to PPL common shareowners			$	442	$	247	$	1,037	$	581
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS				577,595		482,552		541,135		414,068
Add incremental non-participating securities:
		Stock options and performance units		459		210		345		219
Weighted-average shares - Diluted EPS				578,054		482,762		541,480		414,287
Basic EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.76	$	0.62	$	1.91	$	1.49
		Income (loss) from discontinued operations (net of income taxes)				(0.11)		0.01		(0.09)
Net Income			$	0.76	$	0.51	$	1.92	$	1.40
Diluted EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.76	$	0.62	$	1.91	$	1.49
		Income (loss) from discontinued operations (net of income taxes)				(0.11)				(0.09)
Net Income			$	0.76	$	0.51	$	1.91	$	1.40

Antidilutive Securities Excluded From Diluted EPS

For the periods ended September 30 the following options to purchase PPL common stock and performance units were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months				Nine Months
(Shares in thousands)	2011		2010		2011		2010
Stock options		4,473		5,194		5,377		4,844
Performance units		3				3		61