XML 55 R56.htm IDEA: XBRL DOCUMENT v3.2.0.727
Acquisitions, Development and Divestures (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
USD ($)
Integer
shares
Mar. 31, 2015
Integer
Jun. 30, 2014
USD ($)
Jun. 30, 2015
USD ($)
Integer
MW
shares
Jun. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Results of Discontinued Operations (Details) [Abstract]            
Income (Loss) from Discontinued Operations (net of income taxes) $ (1,007)   $ (1) $ (912) $ (74)  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]            
Total Current Assets 0     0   $ 2,600
Total Noncurrent Assets 0     0   8,317
Total Current Liabilities 0     0   2,775
Accrued pension obligations 244     244    
Total Nonurrent Liabilities 0     $ 0   3,963
Solar Generation Facility [Member]            
Development Projects [Abstract]            
Planned capacity expansion (in MW) | MW       10    
Expected capital cost of an expansion project 36     $ 36    
Spinoff [Member] | PPL Energy Supply Spinoff [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply - Cost of Spinoff (Numberic) [Abstract]            
Amount of accrued libality for seperation benefits 13     13   21
Spinoff transaction costs 36   16 42 16  
Spinoff [Member] | PPL Energy Supply Spinoff [Member] | Other Operation And Maintenance [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply - Cost of Spinoff (Numberic) [Abstract]            
Spinoff transaction costs 7     11    
Spinoff [Member] | PPL Energy Supply Spinoff [Member] | Discontinued Operations [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply - Cost of Spinoff (Numberic) [Abstract]            
Seperation benefits       24    
Spinoff transaction costs $ 29     $ 31    
PPL Energy Supply Spinoff [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]            
Spinoff agreement execution date       Jun. 09, 2014    
Date of record       May 20, 2015    
Effective date of spinoff       Jun. 01, 2015    
Certain details of spinoff transaction       In June 2014, PPL and PPL Energy Supply executed definitive agreements with affiliates of Riverstone to spin off PPL Energy Supply and immediately combine it with Riverstone’s competitive power generation businesses to form a new, stand-alone, publicly traded company named Talen Energy. The transaction was subject to customary closing conditions, including receipt of regulatory approvals from the NRC, FERC, DOJ and PUC, all of which were received by mid-April 2015. On April 29, 2015, PPL’s Board of Directors declared the June 1, 2015 distribution to PPL’s shareowners of record on May 20, 2015 of a newly formed entity, Holdco, which at closing owned all of the membership interests of PPL Energy Supply and all of the common stock of Talen Energy.    
Number of shares of Talen common stock for one share of PPL common stock | shares 0.1249     0.1249    
Initial percent ownership in new company, Talen Energy, by PPL shareowners       65.00%    
Initial percent ownership in new company, Talen Energy, by Riverstone Holdings, LLC       35.00%    
Number of approaches | Integer       3    
Weighted fair value $ 3,224     $ 3,224    
Control premium       25.00%    
Number of market approaches | Integer       2    
Review period used in determing the control premium (in years)       05 years    
Mimimum transaction value reviewed in determining the control premium       $ 1,000    
Carrying value of the Supply segment 4,100     4,100    
Gain (loss) recognized in discontinued operations on the statement of income       72    
Gain (loss), after-tax, recognized in discontinued operations on the statement of income       $ 42    
Maximum period for Transition Service Agreement (in years)       02 years    
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Results of Discontinued Operations (Details) [Abstract]            
Operating revenues 483   1,046 $ 1,427 118  
Operating expenses 561   1,006 1,328 164  
Other Income (Expense) - net (29)   (8) (22) (2)  
Interest Expense [1] 112   50 150 98  
Income (loss) before income taxes (219)   (18) (73) (146)  
Income tax expense (benefit) (91)   (17) (40) (72)  
Loss on spinoff (879)   0 (879) 0  
Income (Loss) from Discontinued Operations (net of income taxes) (1,007)   (1) (912) (74)  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]            
Cash and cash equivalents 371 [2]     371 [2]   352
Restricted cash and cash equivalents 156     156   176
Accounts receivable and unbilled revenues 325     325   504
Fuels, materials and supplies 415     415   455
Price risk management assets 784     784   1,079
Other current assets 65     65   34
Total Current Assets 2,116     2,116   2,600
Investments 999     999   980
Property Plant and Equipment, net 6,384     6,384   6,428
Goodwill 338     338   338
Other intangibles 260     260   257
Price risk management assets 244     244   239
Other noncurrent assets 78     78   75
Total Noncurrent Assets 8,303     8,303   8,317
Total assets 10,419     10,419   10,917
Short-term debt and long-term debt due within one year 885     885   1,165
Accounts payable 252     252   361
Price risk management liabilities 763     763   1,024
Other current liabilities 229     229   225
Total Current Liabilities 2,129     2,129   2,775
Long-term debt (excluding current portion) 1,932     1,932   1,683
Deferred income taxes 1,259     1,259   1,223
Price risk management liabilities 206     206   193
Accrued pension obligations 244     244   299
Asset retirement obligations 443     443   415
Other deferred credits and noncurrent liabilities 103     103   150
Total Nonurrent Liabilities 4,187     4,187   3,963
Total liabilities 6,316     6,316   $ 6,738
Adjustment for loss on spinoff 879   $ 0 879 $ 0  
Net assets distributed $ 3,224     $ 3,224    
PPL Energy Supply Spinoff [Member] | Minimum [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]            
Control premium       5.00%    
PPL Energy Supply Spinoff [Member] | Maximum [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]            
Control premium       42.00%    
PPL Energy Supply Spinoff [Member] | Talen Energy Market Value [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]            
Weighting       50.00%    
PPL Energy Supply Spinoff [Member] | Income Discounted Cash Flow [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]            
Weighting       30.00%    
PPL Energy Supply Spinoff [Member] | Alternative Market Comparable Company [Member]            
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]            
Weighting       20.00%    
Montana Hydroelectric Generating Facilities [Member]            
Divestitures - Montana Hydro Sale Agreement (Numeric) [Abstract]            
Capacity of facilities sold (in MW) | MW       633    
Agreed upon sales price for disposal of hydroelectric facilities owned by PPL Montana       $ 900    
Number of hydroelectric facilities owned by PPL Montana sold | Integer 11     11    
LGE [Member]            
Development Projects [Abstract]            
Generating units retired at the Cane Run plant | Integer 2 1        
Loss from retirement of coal-fired generating units       $ 11    
LG And E And KU Energy LLC [Member] | Solar Generation Facility [Member]            
Development Projects [Abstract]            
Planned capacity expansion (in MW) | MW       10    
Expected capital cost of an expansion project $ 36     $ 36    
LG And E And KU Energy LLC [Member] | LGE [Member]            
Development Projects [Abstract]            
Generating units retired at the Cane Run plant | Integer 2 1        
Loss from retirement of coal-fired generating units       11    
Louisville Gas And Electric Co [Member]            
Development Projects [Abstract]            
Generating units retired at the Cane Run plant | Integer 2 1        
Loss from retirement of coal-fired generating units       $ 11    
Louisville Gas And Electric Co [Member] | Solar Generation Facility [Member]            
Development Projects [Abstract]            
Planned capacity expansion (in MW) | MW       10    
Expected capital cost of an expansion project $ 36     $ 36    
Kentucky Utilities Co [Member] | Solar Generation Facility [Member]            
Development Projects [Abstract]            
Planned capacity expansion (in MW) | MW       10    
Expected capital cost of an expansion project $ 36     $ 36    
[1] Includes interest associated with the Supply Segment with no additional allocation as the Supply segment was sufficiently capitalized.
[2] The distribution of PPL Energy Supply ’s cash and cash equivalents at June 1, 2015 is included in "Net cash provided by (used in) financing activities - discontinu ed operations" on the Statement of Cash Flows for the six months ended June 30, 2015 .