Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

4. Earnings Per Share

(PPL)

Basic EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding during the applicable period. Diluted EPS is computed by dividing income available to PPL common shareowners by the weighted-average number of common shares outstanding, increased byincremental shares that would be outstanding if potentially dilutive non-participating securities were converted to common shares as calculated using the treasury stock method or theIf-Converted Method, as applicable. The If-Converted Method was applied to the Equity Units beginning in the first quarter of 2013. Incremental non-participating securities that have a dilutive impact are detailed in the table below.

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for theperiods ended March 31used in the EPS calculation are:

		Three Months
		2013		2012
Income (Numerator)
Net income attributable to PPL shareowners		$	413	$	541
Less amounts allocated to participating securities			2		3
Net income available to PPL common shareowners - Basic			411		538
Plus interest charges (net of tax) related to Equity Units			15
Net income available to PPL common shareowners - Diluted		$	426	$	538
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS			582,640		579,041
Add incremental non-participating securities:
	Share-based payment awards		810		486
	Equity Units		71,990
	Forward sale agreements		1,580
Weighted-average shares - Diluted EPS			657,020		579,527
Basic EPS
	Net Income Available to PPL common shareowners	$	0.70	$	0.93
Diluted EPS
	Net Income Available to PPL common shareowners	$	0.65	$	0.93

For the periods ended March 31, PPL issued common stock related to stock-based compensation plans, ESOP and DRIP as follows:

(Shares in thousands)	Three Months
	2013	2012
Stock-based compensation plans (a)	446	277
ESOP	275	280
DRIP	549	558

(a)Includes stock options exercised, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

In April 2013, PPL settled certain forward sale agreements. See Note 7 for additional information.

For the periods ended March 31, the following were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months
(Shares in thousands)	2013		2012
Stock options		6,589		5,682
Performance units		206		195
Restricted stock units		116