Segment and Related Information

3 Months Ended

Mar. 31, 2015

Segment and Related Information [Abstract]

Segment and Related Information

3. Segment and Related Information

(PPL)

See Note 2 in PPL's 2014 Form 10-K for a discussion of reportable segments and related information.

In June 2014, PPL and PPL Energy Supply, which substantially 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 company named Talen Energy. The transaction is expected to occur on June 1, 2015. 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 March 31are:

		Three Months
		2015		2014
Income Statement Data
Revenues from external customers
	U.K. Regulated	$	697	$	648
	Kentucky Regulated		899		934
	Pennsylvania Regulated		630		591
	Supply (a)		937		(982)
	Corporate and Other		2		3
Total		$	3,165	$	1,194
Intersegment electric revenues
	Supply	$	9	$	27
Net Income
	U.K. Regulated (a)	$	375	$	206
	Kentucky Regulated		109		107
	Pennsylvania Regulated		87		85
	Supply (a)		95		(75)
	Corporate and Other (b)		(19)		(7)
Total		$	647	$	316

		March 31,		December 31,
		2015		2014
Balance Sheet Data
Assets
	U.K. Regulated	$	16,275	$	16,005
	Kentucky Regulated		13,109		13,062
	Pennsylvania Regulated		7,921		7,785
	Supply		10,631		11,025
	Corporate and Other (c)		985		987
Total assets		$	48,921	$	48,864

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

(b)2015 includes most of the transaction and transition costs related to the anticipated spinoff of PPL Energy Supply. See Note 8 for additional information.

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