Utility Rate Regulation (Tables)

6 Months Ended

Jun. 30, 2011

Notes To Financial Statements [Abstract]

The following tables provide information about the regulatory assets and liabilities of cost-based rate-regulated utility operations.

		PPL				PPL Electric
		June 30,		December 31,		June 30,		December 31,
		2011		2010		2011		2010

Current Regulatory Assets:
	Generation supply charge			$	45			$	45
	Universal service rider	$	6		10	$	6		10
	Other		19		30		4		8
Total current regulatory assets		$	25	$	85	$	10	$	63

Noncurrent Regulatory Assets:
	Defined benefit plans	$	588	$	592	$	258	$	262
	Taxes recoverable through future rates		268		254		268		254
	Storm costs		128		129		7		7
	Unamortized loss on debt		58		61		25		27
	Interest rate swaps		44		43
	Accumulated cost of removal of utility plant (a)		40		35		40		35
	Coal contracts (b)		16		22
	Other		58		44		12		7
Total noncurrent regulatory assets		$	1,200	$	1,180	$	610	$	592

(a) The December 31, 2010 balance of accumulated cost of removal of utility plant was reclassified from "Accumulated depreciation - regulated utility plant" to noncurrent "Regulatory assets" on the Balance Sheets. These costs will continue to be included in future rate proceedings.

(b) These regulatory assets and liabilities were recorded as offsets to certain intangible assets and liabilities that were recorded at fair value upon the acquisition of LKE.

Regulatory Liabilities

Current Regulatory Liabilities:
	Coal contracts (b)	$	23	$	46
	Generation supply charge		16			$	16
	ECR		9		12
	PURTA tax		5		10		5	$	10
	Transmission service charge				8				8
	Other		24		33		2
Total current regulatory liabilities		$	77	$	109	$	23	$	18

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal of utility plant	$	638	$	623
	Coal contracts (b)		197		213
	Power purchase agreement - OVEC (b)		120		124
	Net deferred tax assets		36		40
	Act 129 compliance rider		15		14	$	15	$	14
	Defined benefit plans		10		10
	Other		7		7
Total noncurrent regulatory liabilities		$	1,023	$	1,031	$	15	$	14