Available-for-Sale Securities

9 Months Ended

Sep. 30, 2014

Available-for-Sale Securities [Line Items]

Available-for-Sale Securities

17. Available-for-Sale Securities

(PPL and PPL Energy Supply)

Securities held by the NDT funds and auction rate securities are classified as available-for-sale. Available-for-sale securities are carried on the Balance Sheets at fair value. Unrealized gains and losses on these securities are reported, net of tax, in OCI or are recognized currently in earnings when a decline in fair value is determined to be other-than-temporary. The specific identification method is used to calculate realized gains and losses.

The following table shows the amortized cost, the gross unrealized gains and losses recorded in AOCI and the fair value of available-for-sale securities.

			September 30, 2014								December 31, 2013
					Gross		Gross						Gross		Gross
			Amortized		Unrealized		Unrealized				Amortized		Unrealized		Unrealized
			Cost		Gains		Losses		Fair Value		Cost		Gains		Losses		Fair Value
NDT funds:
PPL and PPL Energy Supply
		Cash and cash equivalents	$	17					$	17	$	14					$	14
		Equity securities		281	$	384				665		265	$	363				628
		Debt securities		217		11	$	1		227		217		7	$	3		221
		Receivables/payables, net		2						2		1						1
		Total NDT funds	$	517	$	395	$	1	$	911	$	497	$	370	$	3	$	864
Auction rate securities
	PPL		$	14			$	1	$	13	$	20			$	1	$	19
	PPL Energy Supply			11				1		10		17				1		16

See Note 13 for details on the securities held by the NDT funds.

There were no securities with credit losses at September 30, 2014 and December 31, 2013.

The following table shows the scheduled maturity dates of debt securities held at September 30, 2014.

	Maturity		Maturity		Maturity		Maturity
	Less Than		1-5		6-10		in Excess
	1 Year		Years		Years		of 10 Years		Total
PPL
Amortized cost	$	13	$	85	$	58	$	75	$	231
Fair value		13		87		61		79		240
PPL Energy Supply
Amortized cost	$	13	$	85	$	58	$	72	$	228
Fair value		13		87		61		76		237

The following table shows proceeds from and realized gains and losses on sales of available-for-sale securities for the periods ended September 30.

	Three Months				Nine Months
	2014		2013		2014		2013
PPL and PPL Energy Supply
Proceeds from sales of NDT securities (a)	$	47	$	33	$	112	$	92
Other proceeds from sales		3				6
Gross realized gains (b)		9		3		17		10
Gross realized losses (b)		2		2		6		6

(a)These proceeds are used to pay income taxes and fees related to managing the trust. Remaining proceeds are reinvested in the trust.

(b)Excludes the impact of other-than-temporary impairment charges recognized on the Statements of Income.

PPL Energy Supply LLC [Member]

Available-for-Sale Securities [Line Items]

Available-for-Sale Securities

17. Available-for-Sale Securities

(PPL and PPL Energy Supply)

Securities held by the NDT funds and auction rate securities are classified as available-for-sale. Available-for-sale securities are carried on the Balance Sheets at fair value. Unrealized gains and losses on these securities are reported, net of tax, in OCI or are recognized currently in earnings when a decline in fair value is determined to be other-than-temporary. The specific identification method is used to calculate realized gains and losses.

The following table shows the amortized cost, the gross unrealized gains and losses recorded in AOCI and the fair value of available-for-sale securities.

			September 30, 2014								December 31, 2013
					Gross		Gross						Gross		Gross
			Amortized		Unrealized		Unrealized				Amortized		Unrealized		Unrealized
			Cost		Gains		Losses		Fair Value		Cost		Gains		Losses		Fair Value
NDT funds:
PPL and PPL Energy Supply
		Cash and cash equivalents	$	17					$	17	$	14					$	14
		Equity securities		281	$	384				665		265	$	363				628
		Debt securities		217		11	$	1		227		217		7	$	3		221
		Receivables/payables, net		2						2		1						1
		Total NDT funds	$	517	$	395	$	1	$	911	$	497	$	370	$	3	$	864
Auction rate securities
	PPL		$	14			$	1	$	13	$	20			$	1	$	19
	PPL Energy Supply			11				1		10		17				1		16

See Note 13 for details on the securities held by the NDT funds.

There were no securities with credit losses at September 30, 2014 and December 31, 2013.

The following table shows the scheduled maturity dates of debt securities held at September 30, 2014.

	Maturity		Maturity		Maturity		Maturity
	Less Than		1-5		6-10		in Excess
	1 Year		Years		Years		of 10 Years		Total
PPL
Amortized cost	$	13	$	85	$	58	$	75	$	231
Fair value		13		87		61		79		240
PPL Energy Supply
Amortized cost	$	13	$	85	$	58	$	72	$	228
Fair value		13		87		61		76		237

The following table shows proceeds from and realized gains and losses on sales of available-for-sale securities for the periods ended September 30.

	Three Months				Nine Months
	2014		2013		2014		2013
PPL and PPL Energy Supply
Proceeds from sales of NDT securities (a)	$	47	$	33	$	112	$	92
Other proceeds from sales		3				6
Gross realized gains (b)		9		3		17		10
Gross realized losses (b)		2		2		6		6

(a)These proceeds are used to pay income taxes and fees related to managing the trust. Remaining proceeds are reinvested in the trust.

(b)Excludes the impact of other-than-temporary impairment charges recognized on the Statements of Income.