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Segment and Related Information
 6 Months Ended
Jun. 30, 2014
Segment and Related Information [Abstract]  
Segment and Related Information

3. Segment and Related Information

 

(PPL)

 

See Note 2 in PPL's 2013 Form 10-K for a discussion of reportable segments and related information.

 

In June 2014, PPL and PPL Energy Supply, which primarily represents PPL's Supply segment, executed definitive agreements with affiliates of Riverstone to combine their competitive power generation businesses into a new, stand-alone, publicly traded, independent power producer named Talen Energy. Upon completion of this transaction, PPL will no longer have a Supply segment. See Note 8 for additional information.

 

Financial data for the segments and reconciliation to PPL's consolidated results for the periods ended June 30 are:

      Three Months Six Months
  2014 2013 2014 2013
Income Statement Data            
Revenues from external customers            
 U.K. Regulated $ 672 $ 572 $ 1,320 $ 1,220
 Kentucky Regulated   722   682   1,656   1,482
 Pennsylvania Regulated   448   413   1,039   925
 Supply (a)   1,027   1,780   74   2,274
 Corporate and Other   5   3   8   6
Total $ 2,874 $ 3,450 $ 4,097 $ 5,907
                 
Intersegment electric revenues            
 Supply $ 21 $ 12 $ 48 $ 26
                 
Net Income Attributable to PPL Shareowners            
 U.K. Regulated (a) $ 187 $ 245 $ 393 $ 558
 Kentucky Regulated   58   49   165   134
 Pennsylvania Regulated   52   45   137   109
 Supply (a)   5   77   (70)   31
 Corporate and Other (c)   (73)   (11)   (80)   (14)
Total $ 229 $ 405 $ 545 $ 818

   June 30, December 31,
   2014 2013
Balance Sheet Data      
Assets      
 U.K. Regulated $ 16,496 $ 15,895
 Kentucky Regulated   12,211   12,016
 Pennsylvania Regulated   7,252   6,846
 Supply   11,793   11,408
 Corporate and Other (b)   441   94
Total assets $ 48,193 $ 46,259

(a)       Includes unrealized gains and losses from economic activity. See Note 14 for additional information.

(b)       Primarily consists of unallocated items, including cash, PP&E and the elimination of inter-segment transactions.

(c)       2014 includes certain costs related to the anticipated spinoff of PPL Energy Supply, including deferred income tax expense and third party costs. See Note 8 for additional information.