XML 111 R73.htm IDEA: XBRL DOCUMENT v3.3.1.900
Acquisitions, Development and Divestures (Details)
$ in Millions
1 Months Ended 3 Months Ended 7 Months Ended 12 Months Ended
Jun. 30, 2015
USD ($)
Integer
Mar. 31, 2015
Integer
Nov. 30, 2014
USD ($)
Integer
MW
Dec. 31, 2013
USD ($)
Dec. 31, 2015
USD ($)
Integer
Sep. 30, 2015
USD ($)
Integer
Jun. 30, 2015
USD ($)
Integer
Mar. 31, 2015
USD ($)
[1],[2]
Dec. 31, 2014
USD ($)
Sep. 30, 2014
USD ($)
[1],[2]
Jun. 30, 2014
USD ($)
[1],[2]
Mar. 31, 2014
USD ($)
[1],[2]
Dec. 31, 2015
USD ($)
Integer
Dec. 31, 2015
USD ($)
kV
Integer
mi
MW
Dec. 31, 2014
USD ($)
Integer
Dec. 31, 2013
USD ($)
Jun. 01, 2015
USD ($)
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Deferred income tax recorded as result of agreement to adjust valuation allowances                           $ 428 $ 666 $ 387  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                           855 924 856  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Results of Discontinued Operations (Details) [Abstract]                                  
Income tax expense (benefit)                           (30) 198 (180)  
Income (Loss) from Discontinued Operations         $ (6) [1] $ (3) [1] $ (1,007) [1],[2],[3] $ 95 $ 287 [1],[2],[4] $ 87 $ (1) $ (73)   (921) 300 (238)  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]                                  
Total Current Assets         0       2,592       $ 0 0 2,592    
Total Noncurrent Assets         0       8,311       0 0 8,311    
Total Current Liabilities         0       2,771       0 0 2,771    
Total Noncurrent Liabilities         0       3,953       0 0 3,953    
Development Projects [Abstract]                                  
Construction work in progress         1,315       2,532       1,315 $ 1,315 2,532    
Susquehanna Roseland Transmission Line [Member]                                  
Development Projects [Abstract]                                  
Total length (in miles) of the expansion project | mi                           150      
Capacity (in kilovolts) of a transmission line | kV                           500      
Project costs capitalized         $ 648       597       $ 648 $ 648 597    
Northeast Pocono Reliability Project [Member]                                  
Development Projects [Abstract]                                  
Total length (in miles) of the expansion project | mi                           58      
Capacity (in kilovolts) of a transmission line | kV                           230      
Adder to the return on equity incentive denied in ratemaking request (in basis points) | Integer         100               100 100      
Expected capital cost of an expansion project         $ 335               $ 335 $ 335      
Number of new substations included in request | Integer         3               3 3      
Capitalized costs         $ 319       183       $ 319 $ 319 183    
Spinoff [Member] | PPL Energy Supply Spinoff [Member]                                  
Divestitures - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Separation benefits                           10 $ 36    
Number of employees impacted | Integer                             306    
Amount of accrued liability for seperation benefits         13       20       13 13 $ 20    
Third-party costs                           45 27    
Spinoff [Member] | PPL Energy Supply Spinoff [Member] | Other Operation Maintenance [Member]                                  
Divestitures - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Separation benefits                           8 20    
Consulting and other costs                           13 8    
Spinoff [Member] | PPL Energy Supply Spinoff [Member] | Discontinued Operations [Member]                                  
Divestitures - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Separation benefits                           2 $ 16    
Number of employees impacted | Integer                             112    
Amount of accrued liability for seperation benefits                                 $ 24
Bank advisory, legal and accounting fees                           $ 32 $ 19    
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 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                                 $ 3,205
Number of market approaches | Integer 2                                
Carrying value of the Supply segment                                 4,100
Gain (loss) on interest rate swaps recognized in discontinued operations on the statement of income $ (72)                                
Gain (loss), after-tax, on interest rate swaps recognized in discontinued operations on the statement of income $ (42)                                
Deferred income tax recorded as result of agreement to adjust valuation allowances                             50    
Continuing Involvement (Details) [Abstract]                                  
Maximum period for Transition Service Agreement (in years) 2 years                                
Amount for services billed to spinoff                           $ 25      
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Results of Discontinued Operations (Details) [Abstract]                                  
Operating revenues                           1,427 3,848 4,648  
Operating expenses                           1,328 3,410 4,173  
Other Income (Expense) - net                           (21) 13 32  
Interest expense [5]                           150 190 228  
Gain on sale of Montana                           0 237 0  
Loss on lease termination                           0 0 0  
Income tax expense (benefit)                           (30) 198 (180)  
Gain (loss) on disposal group             $ 879             (879) 0 0  
Income (Loss) from Discontinued Operations                           $ (921) 300 (238)  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]                                  
Cash and cash equivalents [6]                 352           352   371
Restricted cash and cash equivalents                 176           176   156
Accounts receivable and unbilled revenues                 504           504   334
Fuels, materials and supplies                 455           455   415
Price risk management assets                 1,079           1,079   784
Other current assets                 26           26   46
Total Current Assets                 2,592           2,592   2,106
Investments                 980           980   999
Property, plant and equipment, net                 6,428           6,428   6,384
Goodwill                 338           338   338
Other intangibles                 257           257   260
Price risk management assets                 239           239   244
Other noncurrent assets                 69           69   63
Total Noncurrent Assets                 8,311           8,311   8,288
Total assets                 10,903           10,903   10,394
Short-term debt and long-term debt due within one year                 1,165           1,165   885
Accounts payable                 361           361   252
Price risk management liabilities                 1,024           1,024   763
Other current liabilities                 221           221   229
Total Current Liabilities                 2,771           2,771   2,129
Long-term debt (excluding current portion)                 1,677           1,677   1,917
Deferred income taxes                 1,219           1,219   1,246
Price risk management liabilities                 193           193   206
Accrued pension obligations                 299           299   266
Asset retirement obligations                 415           415   443
Other deferred credits and noncurrent liabilities                 150           150   103
Total Noncurrent Liabilities                 3,953           3,953   4,181
Total liabilities                 6,724           6,724   6,310
Adjustment for loss on spinoff                                 879
Net assets distributed                                 3,205
PPL Energy Supply Spinoff [Member] | Talen Energy Marketing [Member]                                  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                         27        
PPL Energy Supply Spinoff [Member] | Talen Energy Market Value [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Weighting 50.00%                                
Weighted fair value                                 1,400
Midpoint of premiums received in market sales transactions reviewed 25.00%                                
Control Premium 25.00%                                
Review period used in determing the control premium (in years) 5 years                                
Minimum transaction value reviewed in determining the control premium $ 1,000                                
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]                                  
Net assets distributed                                 1,400
PPL Energy Supply Spinoff [Member] | Talen Energy Market Value [Member] | Minimum [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Control Premium 5.00%                                
PPL Energy Supply Spinoff [Member] | Talen Energy Market Value [Member] | Maximum [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Control Premium 42.00%                                
PPL Energy Supply Spinoff [Member] | Income Discounted Cash Flow [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Weighting 30.00%                                
Weighted fair value                                 1,100
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]                                  
Net assets distributed                                 1,100
PPL Energy Supply Spinoff [Member] | Alternative Market Comparable Company [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Weighting 20.00%                                
Weighted fair value                                 700
Midpoint of premiums received in market sales transactions reviewed 25.00%                                
Control Premium 25.00%                                
Review period used in determing the control premium (in years) 5 years                                
Minimum transaction value reviewed in determining the control premium $ 1,000                                
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Assets and Liabilities of Discontinued Operations (Details) [Abstract]                                  
Net assets distributed                                 $ 700
PPL Energy Supply Spinoff [Member] | Alternative Market Comparable Company [Member] | Minimum [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Control Premium 5.00%                                
PPL Energy Supply Spinoff [Member] | Alternative Market Comparable Company [Member] | Maximum [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Control Premium 42.00%                                
Montana Hydroelectric Generating Facilities [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Results of Discontinued Operations (Details) [Abstract]                                  
Gain (loss) on disposal group     $ 137           137                
Divestitures - Montana Hydro Sale (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                            
Payment on lease termination       $ 271                          
Loss on sale-leaseback termination, after-tax       $ 413                          
LGE [Member]                                  
Development Projects [Abstract]                                  
Generating units retired at the Cane Run plant | Integer   1         2                    
Costs associated with the retirement of generating units           $ 11                      
LGE [Member] | Solar Generation Facility [Member]                                  
Development Projects [Abstract]                                  
Planned capacity expansion (in MW) | MW                           10      
Expected capital cost of an expansion project         30               30 $ 30      
KU [Member]                                  
Development Projects [Abstract]                                  
Generating units retired at the Green River plant | Integer           2                      
Costs associated with the retirement of generating units           $ 6                      
KU [Member] | Solar Generation Facility [Member]                                  
Development Projects [Abstract]                                  
Planned capacity expansion (in MW) | MW                           10      
Expected capital cost of an expansion project         30               30 $ 30      
PPL Electric Utilities Corp [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Deferred income tax recorded as result of agreement to adjust valuation allowances                           220 87 127  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                           657 587 588  
Development Projects [Abstract]                                  
Construction work in progress         530       738       530 $ 530 738    
PPL Electric Utilities Corp [Member] | Susquehanna Roseland Transmission Line [Member]                                  
Development Projects [Abstract]                                  
Total length (in miles) of the expansion project | mi                           150      
Capacity (in kilovolts) of a transmission line | kV                           500      
Project costs capitalized         $ 648       597       $ 648 $ 648 597    
PPL Electric Utilities Corp [Member] | Northeast Pocono Reliability Project [Member]                                  
Development Projects [Abstract]                                  
Total length (in miles) of the expansion project | mi                           58      
Capacity (in kilovolts) of a transmission line | kV                           230      
Adder to the return on equity incentive denied in ratemaking request (in basis points) | Integer         100               100 100      
Expected capital cost of an expansion project         $ 335               $ 335 $ 335      
Number of new substations included in request | Integer         3               3 3      
Capitalized costs         $ 319       183       $ 319 $ 319 183    
PPL Electric Utilities Corp [Member] | PPL Energy Supply Spinoff [Member] | Talen Energy Marketing [Member]                                  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                         27        
LG And E And KU Energy LLC [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Deferred income tax recorded as result of agreement to adjust valuation allowances                           236 449 254  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                           184 253 217  
Discontinued Operations - Spinoff of PPL Energy Supply - Summarized Results of Discontinued Operations (Details) [Abstract]                                  
Income tax expense (benefit)                           0 0 1  
Income (Loss) from Discontinued Operations                           0 0 2  
Development Projects [Abstract]                                  
Construction work in progress         660       1,559       660 $ 660 1,559    
LG And E And KU Energy LLC [Member] | LGE [Member]                                  
Development Projects [Abstract]                                  
Generating units retired at the Cane Run plant | Integer   1         2                    
Costs associated with the retirement of generating units           $ 11                      
LG And E And KU Energy LLC [Member] | LGE [Member] | Solar Generation Facility [Member]                                  
Development Projects [Abstract]                                  
Planned capacity expansion (in MW) | MW                           10      
Expected capital cost of an expansion project         30               30 $ 30      
LG And E And KU Energy LLC [Member] | KU [Member]                                  
Development Projects [Abstract]                                  
Generating units retired at the Green River plant | Integer           2                      
Costs associated with the retirement of generating units           $ 6                      
LG And E And KU Energy LLC [Member] | KU [Member] | Solar Generation Facility [Member]                                  
Development Projects [Abstract]                                  
Planned capacity expansion (in MW) | MW                           10      
Expected capital cost of an expansion project         30               30 $ 30      
Louisville Gas And Electric Co [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Deferred income tax recorded as result of agreement to adjust valuation allowances                           126 118 26  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                           166 230 195  
Development Projects [Abstract]                                  
Generating units retired at the Cane Run plant | Integer   1         2                    
Costs associated with the retirement of generating units           $ 11                      
Construction work in progress         390       676       390 $ 390 676    
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         30               30 $ 30      
Kentucky Utilities Co [Member]                                  
Discontinued Operations - Spinoff of PPL Energy Supply (Numeric) [Abstract]                                  
Deferred income tax recorded as result of agreement to adjust valuation allowances                           160 224 69  
Continuing Involvement (Details) [Abstract]                                  
Energy purchases                           18 23 $ 22  
Development Projects [Abstract]                                  
Generating units retired at the Green River plant | Integer           2                      
Costs associated with the retirement of generating units           $ 6                      
Construction work in progress         267       $ 880       267 $ 267 $ 880    
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         $ 30               $ 30 $ 30      
[1] Quarterly results can vary depending on, among other things, weather . Accordingly, comparisons among quarters of a year may not be indicative of overall tr ends and changes in operations.
[2] In the second quarter of 2015, PPL completed the spinoff of PPL Energy Supply sub stantially representing PPL's Supply segment. Accordingly, the previously reported operating results for PPL’s Supply segment have been reclassified as discontinued operations. See Note 8 to the Financial Statements for additional information.
[3] The second quarter of 2015 includes a loss of $879 million from the spinoff of PPL Energy Supply. See Note 8 to the Financial Statements for additional information.
[4] (f) The fourth quarter of 2014 includes a gain of $137 million (after-tax) from the sale of Hydroelectric generating facilities of PPL Montana. See Note 8 for additional information.
[5] Includes interest associated with the Supply segment with no additional allocation as the Supply segment was sufficiently capitalized.
[6] 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 - discontinued operations" on the Statement of Cash Flows for the year ended December 31, 2015 .