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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating Revenues        
Utility $ 1,484 $ 692 $ 3,020 $ 1,706
Unregulated retail electric and gas 181 101 328 205
Wholesale energy marketing        
Realized 732 1,231 1,770 2,590
Unrealized economic activity (44) (666) 13 (242)
Net energy trading margins 10 5 21 16
Energy-related businesses 126 110 247 204
Total Operating Revenues 2,489 1,473 5,399 4,479
Operation        
Fuel 414 258 889 488
Energy purchases - realized 434 737 1,105 1,746
Energy purchases - unrealized economic activity (109) (445) (127) 118
Other operation and maintenance 723 419 1,306 863
Depreciation 237 125 445 249
Taxes, other than income 75 53 148 125
Energy-related businesses 120 100 233 188
Total Operating Expenses 1,894 1,247 3,999 3,777
Operating Income 595 226 1,400 702
Other Income (Expense) - net (34) 0 (39) 8
Other-Than-Temporary Impairments 0 3 1 3
Interest Expense 264 131 438 242
Income from Continuing Operations Before Income Taxes 297 92 922 465
Income Taxes 96 7 319 133
Income from Continuing Operations After Income Taxes 201 85 603 332
Income (Loss) from Discontinued Operations (net of income taxes) (1) 7 2 15
Net Income 200 92 605 347
Net Income Attributable to Noncontrolling Interests 4 7 8 12
Net Income Attributable to PPL Corporation 196 85 597 335
Amounts Attributable to PPL Corporation:        
Income from Continuing Operations After Income Taxes 197 78 595 320
Income (Loss) from Discontinued Operations (net of income taxes) (1) 7 2 15
Net Income 196 85 597 335
Income from Continuing Operations After Income Taxes Available to PPL Corporation Common Shareowners:        
Basic $ 0.35 $ 0.20 $ 1.13 $ 0.84
Diluted $ 0.35 $ 0.20 $ 1.13 $ 0.84
Net Income Available to PPL Corporation Common Shareowners:        
Basic $ 0.35 $ 0.22 $ 1.14 $ 0.88
Diluted $ 0.35 $ 0.22 $ 1.14 $ 0.88
Dividends Declared Per Share of Common Stock $ 0.350 $ 0.350 $ 0.700 $ 0.700
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic 561,652 381,896 522,897 379,810
Diluted 562,019 382,075 523,184 380,034
PPL Energy Supply [Member]
       
Operating Revenues        
Unregulated retail electric and gas 181 101 328 205
Wholesale energy marketing        
Realized 732 1,231 1,770 2,590
Unrealized economic activity (44) (666) 13 (242)
Wholesale energy marketing to affiliates 4 64 10 179
Net energy trading margins 10 5 21 16
Energy-related businesses 114 100 224 181
Total Operating Revenues 997 835 2,366 2,929
Operation        
Fuel 208 258 468 488
Energy purchases - realized 226 530 540 1,130
Energy purchases - unrealized economic activity (109) (445) (127) 118
Energy purchases from affiliates 1 0 2 1
Other operation and maintenance 288 254 533 552
Depreciation 60 60 119 117
Taxes, other than income 16 11 32 22
Energy-related businesses 112 93 220 174
Total Operating Expenses 802 761 1,787 2,602
Operating Income 195 74 579 327
Other Income (Expense) - net 4 5 18 11
Other-Than-Temporary Impairments 0 3 1 3
Interest Income from Affilates 1 2 4 2
Interest Expense 51 49 98 102
Income from Continuing Operations Before Income Taxes 149 29 502 235
Income Taxes 59 3 201 85
Income from Continuing Operations After Income Taxes 90 26 301 150
Income (Loss) from Discontinued Operations (net of income taxes) (1) 60 2 136
Net Income 89 86 303 286
PPL Electric [Member]
       
Operating Revenues        
Retail electric 436 520 990 1,331
Wholesale energy marketing        
Electric revenue from affiliates 4 2 8 4
Total Operating Revenues 440 522 998 1,335
Operation        
Energy purchases - realized 169 209 420 619
Energy purchases from affiliates 4 64 10 179
Other operation and maintenance 126 131 256 251
Depreciation 37 33 70 67
Taxes, other than income 22 29 57 76
Total Operating Expenses 358 466 813 1,192
Operating Income 82 56 185 143
Other Income (Expense) - net 1 2 1 3
Interest Income from Affilates 0 0 0 1
Interest Expense 24 24 48 50
Income from Continuing Operations Before Income Taxes 59 34 138 97
Income Taxes 19 11 42 32
Net Income 40 23 96 65
Distribution of Preferred Securities 4 7 8 12
Net Income Available to PPL Corporation 36 16 88 53
LKE [Member] | Successor [Member]
       
Wholesale energy marketing        
Total Operating Revenues 638   1,404  
Operation        
Fuel 206   421  
Energy purchases - realized 40   147  
Other operation and maintenance 198   379  
Depreciation 84   165  
Taxes, other than income 9   18  
Total Operating Expenses 537   1,130  
Operating Income 101   274  
Other Income (Expense) - net 0   (1)  
Interest Expense 36   72  
Interest Expense with Affilates 0   0  
Income from Continuing Operations Before Income Taxes 65   201  
Income Taxes 24   73  
Income from Continuing Operations After Income Taxes 41   128  
Income (Loss) from Discontinued Operations (net of income taxes) 0   0  
Net Income 41   128  
LKE [Member] | Predecessor [Member]
       
Wholesale energy marketing        
Total Operating Revenues   603   1,316
Operation        
Fuel   209   418
Energy purchases - realized   40   161
Other operation and maintenance   172   332
Depreciation   69   138
Taxes, other than income   7   14
Total Operating Expenses   497   1,063
Operating Income   106   253
Other Income (Expense) - net   (14)   (14)
Interest Expense   7   13
Interest Expense with Affilates   39   79
Income from Continuing Operations Before Income Taxes   46   147
Income Taxes   15   53
Income from Continuing Operations After Income Taxes   31   94
Income (Loss) from Discontinued Operations (net of income taxes)   1   (2)
Net Income   32   92
LGE [Member] | Successor [Member]
       
Operating Revenues        
Retail electric 280   651  
Wholesale energy marketing        
Electric revenue from affiliates 17   44  
Total Operating Revenues 297   695  
Operation        
Fuel 82   167  
Energy purchases - realized 32   131  
Energy purchases from affiliates 7   18  
Other operation and maintenance 91   181  
Depreciation 37   73  
Taxes, other than income 5   9  
Total Operating Expenses 254   579  
Operating Income 43   116  
Other Income (Expense) - net 1   0  
Interest Expense 12   23  
Interest Expense with Affilates 0   0  
Income from Continuing Operations Before Income Taxes 32   93  
Income Taxes 12   34  
Net Income 20   59  
LGE [Member] | Predecessor [Member]
       
Operating Revenues        
Retail electric   256   597
Wholesale energy marketing        
Electric revenue from affiliates   23   48
Total Operating Revenues   279   645
Operation        
Fuel   90   173
Energy purchases - realized   22   113
Energy purchases from affiliates   3   10
Other operation and maintenance   82   165
Depreciation   35   69
Taxes, other than income   4   8
Total Operating Expenses   236   538
Operating Income   43   107
Other Income (Expense) - net   (10)   (12)
Interest Expense   5   9
Interest Expense with Affilates   7   14
Income from Continuing Operations Before Income Taxes   21   72
Income Taxes   7   25
Net Income   14   47
KU [Member] | Successor [Member]
       
Operating Revenues        
Retail electric 358   753  
Wholesale energy marketing        
Electric revenue from affiliates 7   18  
Total Operating Revenues 365   771  
Operation        
Fuel 124   254  
Energy purchases - realized 8   16  
Energy purchases from affiliates 17   44  
Other operation and maintenance 100   184  
Depreciation 47   92  
Taxes, other than income 4   9  
Total Operating Expenses 300   599  
Operating Income 65   172  
Other Income (Expense) - net 0   1  
Interest Expense 17   35  
Interest Expense with Affilates 0   0  
Income from Continuing Operations Before Income Taxes 48   138  
Income Taxes 18   50  
Net Income 30   88  
KU [Member] | Predecessor [Member]
       
Operating Revenues        
Retail electric   347   720
Wholesale energy marketing        
Electric revenue from affiliates   3   10
Total Operating Revenues   350   730
Operation        
Fuel   119   245
Energy purchases - realized   19   48
Energy purchases from affiliates   23   48
Other operation and maintenance   81   157
Depreciation   34   68
Taxes, other than income   3   6
Total Operating Expenses   279   572
Operating Income   71   158
Other Income (Expense) - net   (2)   1
Interest Expense   1   3
Interest Expense with Affilates   19   37
Income from Continuing Operations Before Income Taxes   49   119
Income Taxes   18   44
Net Income   $ 31   $ 75