Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2011

Notes To Financial Statements [Abstract]

Basic and Diluted EPS Computations

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for theperiods ended June 30 used in the EPS calculation are:

			Three Months				Six Months
			2011		2010		2011		2010
Income (Numerator)
Income from continuing operations after income taxes attributable to PPL			$	197	$	78	$	595	$	320
Less amounts allocated to participating securities				1				3		1
Income from continuing operations after income taxes available to PPL
	common shareowners		$	196	$	78	$	592	$	319
Income (loss) from discontinued operations (net of income taxes) available
	to PPL		$	(1)	$	7	$	2	$	15
Net income attributable to PPL			$	196	$	85	$	597	$	335
Less amounts allocated to participating securities				1				3		1
Net income available to PPL common shareowners			$	195	$	85	$	594	$	334
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS				561,652		381,896		522,897		379,810
Add incremental non-participating securities:
		Stock options and performance units		367		179		287		224
Weighted-average shares - Diluted EPS				562,019		382,075		523,184		380,034
Basic EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.35	$	0.20	$	1.13	$	0.84
		Income (loss) from discontinued operations (net of income taxes)				0.02		0.01		0.04
Net Income			$	0.35	$	0.22	$	1.14	$	0.88
Diluted EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.35	$	0.20	$	1.13	$	0.84
		Income (loss) from discontinued operations (net of income taxes)				0.02		0.01		0.04
Net Income			$	0.35	$	0.22	$	1.14	$	0.88

Antidilutive Securities Excluded From Diluted EPS

For the periods ended June 30 the following stock options to purchase PPL common stock and performance units were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months				Six Months
(Shares in thousands)	2011		2010		2011		2010
Stock options		5,045		5,184		5,829		4,669
Performance units		1		105		4		91