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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)
In Millions, except Share data in Thousands
Total
PPL Energy Supply [Member]
PPL Electric [Member]
LKE [Member]
Successor [Member]
LKE [Member]
Predecessor [Member]
LGE [Member]
LGE [Member]
Successor [Member]
LGE [Member]
Predecessor [Member]
KU [Member]
KU [Member]
Successor [Member]
KU [Member]
Predecessor [Member]
Common Stock
Common Stock
PPL Electric [Member]
Common Stock
LGE [Member]
Successor [Member]
Common Stock
LGE [Member]
Predecessor [Member]
Common Stock
KU [Member]
Successor [Member]
Common Stock
KU [Member]
Predecessor [Member]
Preferred Securities
PPL Electric [Member]
Additional Paid-in Capital
Additional Paid-in Capital
PPL Electric [Member]
Additional Paid-in Capital
LGE [Member]
Successor [Member]
Additional Paid-in Capital
LGE [Member]
Predecessor [Member]
Additional Paid-in Capital
KU [Member]
Successor [Member]
Additional Paid-in Capital
KU [Member]
Predecessor [Member]
Earnings Reinvested
Earnings Reinvested
PPL Electric [Member]
Earnings Reinvested
LGE [Member]
Successor [Member]
Earnings Reinvested
LGE [Member]
Predecessor [Member]
Earnings Reinvested
KU [Member]
Successor [Member]
Earnings Reinvested
KU [Member]
Predecessor [Member]
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
LGE [Member]
Predecessor [Member]
Accumulated Other Comprehensive Loss
KU [Member]
Successor [Member]
Accumulated Other Comprehensive Loss
KU [Member]
Predecessor [Member]
Member's Equity
PPL Energy Supply [Member]
Member's Equity
LKE [Member]
Successor [Member]
Member's Equity
LKE [Member]
Predecessor [Member]
Non-controlling Interests
Non-controlling Interests
PPL Energy Supply [Member]
Non-controlling Interests
LKE [Member]
Successor [Member]
Non-controlling Interests
LKE [Member]
Predecessor [Member]
Balance at beginning of period at Jun. 30, 2010$ 8,205 $ 1,913    $ 1,267  $ 2,027$ 5$ 364 $ 424 $ 308$ 250$ 4,553$ 879 $ 84 $ 316$ 3,818$ 420 $ 772 $ 1,403$ (439)$ (13) $ 0   $ 268   
Balance at beginning of period - shares at Jun. 30, 2010           482,188[1]66,368[2] 21,294[3] 37,818[4]                        
Balance at beginning of period at Jun. 30, 2010 8,186  2,241                             8,168 2,241 18 0
Common stock issued16[5]          0      16[5]                      
Common stock shares issued[1][5]           625                             
Purchase Contracts[6]10                 10                      
Stock-based compensation3                 3                      
Net income25326640 102  60  54             24840[7] 60 54[8]    265 10251  
Dividends, dividend equivalents, redemptions and distributions[9](174)                       (169)            (5)   
Cash dividends declared on preferred securities  (4)                      (4)               
Cash dividends declared on common stock  (9)    (25)  (50)              (9) (25) (50)           
Distributions (149)                                (148)   (1)  
Distributions to member    (25)                               (25)    
Capital contributions from PPL  0                0                     
Disposal of discontinued operations    1                               1    
Other comprehensive income (loss)279332  9  13  (2)                   27913 (2)332 9    
Balance at end of period at Sep. 30, 20108,592 1,940    1,315  2,0295364 424 308 4,582879 84 3163,897447 807 1,407(160)0 (2)   268   
Balance at end of period - shares at Sep. 30, 2010           482,813[1]66,368[2] 21,294[3] 37,818[4]                        
Balance at end of period at Sep. 30, 2010 8,635  2,328                             8,617 2,328 18  
Balance at beginning of period at Dec. 31, 20095,815 1,896    1,253  1,9524364 424 3083012,280824 84 3163,749407 755 1,328(537)(10) 0   319   
Balance at beginning of period - shares at Dec. 31, 2009           377,183[1]66,368[2] 21,294[3] 37,818[4]                        
Balance at beginning of period at Dec. 31, 2009 4,586  2,224                             4,568 2,192 18 32
Common stock issued[5]2,475          1      2,474                      
Common stock shares issued[1][5]           105,630                             
Purchase Contracts[6](176)                 (176)                      
Stock-based compensation4                 4                      
Net income600552105 194  107  129             583105[7] 107 129[8]    551 194171  
Dividends, dividend equivalents, redemptions and distributions[9](503)                       (435)            (68)   
Cash dividends declared on preferred securities  (13)                      (13)               
Cash dividends declared on common stock  (49)    (55)  (50)              (49) (55) (50)           
Distributions (513)                                (512)   (1)  
Distributions to member    (56)                               (56)    
Contributions from member 3,525                                3,525      
Capital contributions from PPL  55                55                     
Redemption of preferred stock[10]  (54)              (51)       (3)               
Disposal of discontinued operations    (42)                               (10)   (32)
Other comprehensive income (loss)377485  8  10  (2)                   37710 (2)485 8    
Balance at end of period at Sep. 30, 20108,592 1,940    1,315  2,0295364 424 3082504,582879 84 3163,897447 807 1,407(160)0 (2)   268   
Balance at end of period - shares at Sep. 30, 2010           482,813[1]66,368[2] 21,294[3] 37,818[4]                        
Balance at end of period at Sep. 30, 2010 8,635  2,328                             8,617 2,328 18 0
Balance at beginning of period at Dec. 31, 20108,210                                        
Balance at beginning of period at Dec. 31, 20108,478 1,944  1,721  2,691  5364424 308 2504,6028791,278 2,348 4,08245119 35 (479)      268   
Balance at beginning of period - shares at Dec. 31, 2010483,391 66,368  21,294  37,818  483,391[1]66,368[2]21,294[3] 37,818[4]                         
Balance at beginning of period at Dec. 31, 2010 4,509 4,011                              4,4914,011  180 
Common stock issued[5]2,329          1      2,328                      
Common stock shares issued[1][5]           94,453                             
Purchase Contracts[6](141)                 (141)                      
Stock-based compensation6                 6                      
Net income1,054473128217  102  144              1,041128[7]102 144[8]     472217 131  
Dividends, dividend equivalents and distributions[9](589)                       (576)            (13)   
Cash dividends declared on preferred securities  (12)                      (12)               
Cash dividends declared on common stock  (76)   (55)  (88)               (76)(55) (88)            
Distributions (210)                                (209)   (1)  
Distributions to member   (469)                               (469)     
Distribution of membership interest in PPL Global[11] (1,288)                                (1,288)      
Contributions from member 361                                361      
Capital contributions from PPL  56                56                     
Other comprehensive income (loss)(21)(161) (2)  0                       (21)   (161)(2)     
Balance at end of period at Sep. 30, 201110,848                                        
Balance at end of period at Sep. 30, 201111,116 2,040  1,768  2,747  6364424 308 2506,7959351,278 2,348 4,54749166 91 (500)      268   
Balance at end of period - shares at Sep. 30, 2011577,844 66,368  21,294  37,818  577,844[1]66,368[2]21,294[3] 37,818[4]                         
Balance at end of period at Sep. 30, 2011 3,684 3,757                              3,6663,757  180 
Balance at beginning of period at Jun. 30, 201110,919 1,980   1,738  2,710 6364424 308 2506,7748791,278 2,348 4,30648736 55 (435) (1)    268   
Balance at beginning of period - shares at Jun. 30, 2011           577,265[1]66,368[2]21,294[3] 37,818[4]                         
Balance at beginning of period at Jun. 30, 2011 3,452 3,991                              3,4343,991  180 
Common stock issued16[5]          0      16[5]                      
Common stock shares issued[1][5]           579                             
Stock-based compensation5                 5                      
Net income4491703289  43  56              44432[7]43 56[8]     16989 51  
Dividends, dividend equivalents and distributions[9](208)                       (203)            (5)   
Cash dividends declared on preferred securities  (4)                      (4)               
Cash dividends declared on common stock  (24)   (13)  (20)               (24)(13) (20)            
Distributions (76)                                (75)   (1)  
Distributions to member   (323)                               (323)     
Contributions from member 193                                193      
Capital contributions from PPL  56                56                     
Other comprehensive income (loss)(65)(55)    0  1                    (65) 1 (55)      
Balance at end of period at Sep. 30, 201110,848                                        
Balance at end of period at Sep. 30, 201111,116 2,040  1,768  2,747  6364424 308 2506,7959351,278 2,348 4,54749166 91 (500) 0    268   
Balance at end of period - shares at Sep. 30, 2011577,844 66,368  21,294  37,818  577,844[1]66,368[2]21,294[3] 37,818[4]                         
Balance at end of period at Sep. 30, 2011 $ 3,684 $ 3,757                              $ 3,666$ 3,757  $ 18$ 0 
[1]Shares in thousands. Each share entitles the holder to one vote on any question presented to any shareowners' meeting.
[2]Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[3]Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4]Shares in thousands. All common shares of KU stock are owned by LKE.
[5]The nine months ended September 30, 2011 includes the April issuance of 92 million shares of common stock. See Note 7 for additional information. The nine months ended September 30, 2010 includes the June issuance of 103.5 million shares of common stock. The 2011 and 2010 periods include shares of common stock issued through various stock and incentive compensation plans.
[6]The nine months ended September 30, 2011 include $123 million for the 2011 Purchase Contracts and $18 million of related fees and expenses, net of tax. See Note 7 for additional information. The three months ended September 30, 2010 includes the recording of a deferred tax benefit for the issuance costs related to the 2010 Purchase Contracts. The nine months ended September 30, 2010 include $157 million for the 2010 Purchase Contracts and $19 million of related fees and expenses, net of tax.
[7]PPL Electric's net income approximates comprehensive income.
[8]KU's net income approximates comprehensive income.
[9]"Earnings reinvested" includes dividends and dividend equivalents on PPL Corporation common stock and restricted stock units. "Noncontrolling interests" includes dividends, redemptions and distributions to noncontrolling interests, for which the nine months ended September 30, 2010 includes $54 million paid to redeem PPL Electric's preferred stock.
[10]In April 2010, PPL Electric redeemed all five series of its outstanding preferred stock.
[11]See Note 8 for additional information.