CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2011		Dec. 31, 2010
Current Assets
Cash and cash equivalents	$ 1,269		$ 925
Short-term investments	0		163
Restricted cash and cash equivalents	43		28
Accounts receivable (less reserve:)
Customer	712		652
Other	72		90
Unbilled revenues	708		789
Fuel, materials and supplies	647		643
Prepayments	344		435
Price risk management assets	1,467		1,918
Other intangibles	42		70
Assets held for sale	0		374
Regulatory assets	25		85
Other current assets	35		16
Total Current Assets	5,364		6,188
Investments
Nuclear plant decommissioning trust funds	648		618
Other investments	78		75
Total Investments	726		693
Property, Plant and Equipment
Regulated utility plant	22,572		15,994
Less: accumulated depreciation - regulated utility plant	3,290		3,037
Regulated utility plant, net	19,282		12,957
Non-regulated property, plant and equipment
Generation	10,366		10,165
Nuclear fuel	575		578
Other	505		403
Less: accumulated depreciation - non-regulated property, plant and equipment	5,535		5,440
Non-regulated property, plant and equipment, net	5,911		5,706
Construction work in progress	1,415		2,160
Property, Plant and Equipment, net	26,608	[1]	20,823	[1]
Other Noncurrent Assets
Regulatory assets	1,200		1,180
Goodwill	4,190		1,761
Other intangibles	1,078	[1]	966	[1]
Price risk management assets	665		655
Other noncurrent assets	706		571
Total Other Noncurrent Assets	7,839		5,133
Total Assets	40,537		32,837
Current Liabilities
Short-term debt	431		694
Long-term debt	502		502
Accounts payable	1,246		1,028
Taxes	110		134
Interest	175		166
Dividends	207		174
Price risk management liabilities	817		1,144
Counterparty collateral	80		338
Regulatory liabilities	77		109
Other current liabilities	948		925
Total Current Liabilities	4,593		5,214
Long-term Debt	17,532		12,161
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	3,434		2,563
Investment tax credits	262		237
Price risk management liabilities	443		470
Accrued pension obligations	1,015		1,496
Asset retirement obligations	491		435
Regulatory liabilities	1,023		1,031
Other deferred credits and noncurrent liabilities	825		752
Total Deferred Credits and Other Noncurrent Liabilities	7,493		6,984
Commitments and Contingent Liabilities
Equity
Common stock	6	[2]	5	[2]
Additional paid-in capital	6,774		4,602
Earnings reinvested	4,306		4,082
Accumulated other comprehensive loss	(435)		(479)
Total Stockholders' Equity	10,651		8,210
Noncontrolling Interests	268		268
Total Equity	10,919		8,478
Total Liabilities and Equity	40,537		32,837
PPL Energy Supply [Member]
Current Assets
Cash and cash equivalents	422		661
Restricted cash and cash equivalents	31		19
Accounts receivable (less reserve:)
Customer	173		225
Other	25		24
Unbilled revenues	290		486
Accounts receivable from affiliates	72		124
Notes receivable from affiliates	37		0
Fuel, materials and supplies	316		297
Prepayments	83		89
Price risk management assets	1,457		1,907
Other intangibles	12		11
Assets held for sale	0		374
Other current assets	2		11
Total Current Assets	2,920		4,228
Investments
Nuclear plant decommissioning trust funds	648		618
Other investments	40		37
Total Investments	688		655
Property, Plant and Equipment
Regulated utility plant	0		4,269
Less: accumulated depreciation - regulated utility plant	0		888
Regulated utility plant, net	0		3,381
Non-regulated property, plant and equipment
Generation	10,370		10,169
Nuclear fuel	575		578
Other	242		314
Less: accumulated depreciation - non-regulated property, plant and equipment	5,438		5,401
Non-regulated property, plant and equipment, net	5,749		5,660
Construction work in progress	569		594
Property, Plant and Equipment, net	6,318	[1]	9,635	[1]
Other Noncurrent Assets
Goodwill	86		765
Other intangibles	382	[1]	464	[1]
Price risk management assets	655		651
Other noncurrent assets	383		398
Total Other Noncurrent Assets	1,506		2,278
Total Assets	11,432		16,796
Current Liabilities
Short-term debt	250		531
Long-term debt	500		500
Accounts payable	451		592
Accounts payable to affiliates	13		43
Taxes	97		119
Interest	38		110
Price risk management liabilities	792		1,112
Counterparty collateral	80		338
Other current liabilities	458		624
Total Current Liabilities	2,679		3,969
Long-term Debt	2,775		5,089
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	1,303		1,548
Investment tax credits	110		81
Price risk management liabilities	409		438
Accrued pension obligations	173		619
Asset retirement obligations	336		332
Other deferred credits and noncurrent liabilities	195		211
Total Deferred Credits and Other Noncurrent Liabilities	2,526		3,229
Commitments and Contingent Liabilities
Equity
Member's Equity	3,434		4,491
Noncontrolling Interests	18		18
Total Equity	3,452		4,509
Total Liabilities and Equity	11,432		16,796
PPL Electric [Member]
Current Assets
Cash and cash equivalents	4		204
Accounts receivable (less reserve:)
Customer	311		268
Other	21		24
Unbilled revenues	87		134
Accounts receivable from affiliates	23		8
Fuel, materials and supplies	48		47
Prepayments	98		136
Regulatory assets	10		63
Other current assets	10		4
Total Current Assets	612		888
Property, Plant and Equipment
Regulated utility plant	5,679		5,494
Less: accumulated depreciation - regulated utility plant	2,174		2,123
Regulated utility plant, net	3,505		3,371
Non-regulated property, plant and equipment
Other, net	2		2
Construction work in progress	192		177
Property, Plant and Equipment, net	3,699		3,550
Other Noncurrent Assets
Regulatory assets	610		592
Other intangibles	151		147
Other noncurrent assets	77		76
Total Other Noncurrent Assets	838		815
Total Assets	5,149		5,253
Current Liabilities
Notes payable to affilates	37		0
Accounts payable	174		221
Accounts payable to affiliates	42		73
Taxes	33		23
Interest	17		17
Regulatory liabilities	23		18
Other current liabilities	94		126
Total Current Liabilities	420		478
Long-term Debt	1,472		1,472
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	952		932
Accrued pension obligations	163		259
Regulatory liabilities	15		14
Other deferred credits and noncurrent liabilities	147		154
Total Deferred Credits and Other Noncurrent Liabilities	1,277		1,359
Commitments and Contingent Liabilities
Equity
Preferred securities	250		250
Common stock	364	[3]	364	[3]
Additional paid-in capital	879		879
Earnings reinvested	487		451
Total Equity	1,980		1,944
Total Liabilities and Equity	5,149		5,253
LKE [Member]
Current Assets
Cash and cash equivalents	56		11
Short-term investments	0		163
Accounts receivable (less reserve:)
Customer	146		160
Other	15		33
Unbilled revenues	132		170
Accounts receivable from affiliates	0		2
Notes receivable from affiliates	90		61
Income taxes receivable	0		40
Fuel, materials and supplies	257		298
Deferred income taxes	66		66
Other intangibles	29		58
Regulatory assets	15		22
Other current assets	31		26
Total Current Assets	837		1,110
Investments
Total Investments	31		31
Property, Plant and Equipment
Regulated utility plant	7,278		6,230
Less: accumulated depreciation - regulated utility plant	158		31
Regulated utility plant, net	7,120		6,199
Non-regulated property, plant and equipment
Other, net	3		4
Construction work in progress	465		1,340
Property, Plant and Equipment, net	7,588		7,543
Other Noncurrent Assets
Regulatory assets	590		588
Goodwill	996		996
Other intangibles	335		356
Other noncurrent assets	99		94
Total Other Noncurrent Assets	2,020		2,034
Total Assets	10,476		10,718
Current Liabilities
Short-term debt			163
Long-term debt	2		2
Accounts payable	173		189
Accounts payable to affiliates	2		3
Customer deposits	46		46
Taxes	21		27
Regulatory liabilities	54		91
Other current liabilities	108		122
Total Current Liabilities	406		643
Long-term Debt	3,823		3,823
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	391		240
Investment tax credits	147		150
Price risk management liabilities	32		32
Accrued pension obligations	325		449
Asset retirement obligations	105		103
Regulatory liabilities	1,008		1,017
Other deferred credits and noncurrent liabilities	248		250
Total Deferred Credits and Other Noncurrent Liabilities	2,256		2,241
Commitments and Contingent Liabilities
Equity
Member's Equity	3,991		4,011
Total Liabilities and Equity	10,476		10,718
LGE [Member]
Current Assets
Cash and cash equivalents	41		2
Short-term investments	0		163
Accounts receivable (less reserve:)
Customer	67		70
Other	6		13
Unbilled revenues	54		81
Accounts receivable from affiliates	13		30
Fuel, materials and supplies	122		162
Other intangibles	18		36
Regulatory assets	11		13
Other current assets	21		13
Total Current Assets	353		583
Property, Plant and Equipment
Regulated utility plant	2,868		2,600
Less: accumulated depreciation - regulated utility plant	68		17
Regulated utility plant, net	2,800		2,583
Non-regulated property, plant and equipment
Construction work in progress	181		385
Property, Plant and Equipment, net	2,981		2,968
Other Noncurrent Assets
Regulatory assets	363		367
Goodwill	389		389
Other intangibles	174		181
Other noncurrent assets	33		31
Total Other Noncurrent Assets	959		968
Total Assets	4,293		4,519
Current Liabilities
Short-term debt	0		163
Notes payable to affilates	0		12
Accounts payable	87		100
Accounts payable to affiliates	13		20
Customer deposits	23		23
Taxes	10		10
Regulatory liabilities	29		51
Other current liabilities	37		38
Total Current Liabilities	199		417
Long-term Debt	1,112		1,112
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	453		419
Investment tax credits	44		46
Price risk management liabilities	32		32
Accrued pension obligations	72		126
Asset retirement obligations	50		49
Regulatory liabilities	480		483
Other deferred credits and noncurrent liabilities	113		114
Total Deferred Credits and Other Noncurrent Liabilities	1,244		1,269
Commitments and Contingent Liabilities
Equity
Common stock	424	[4]	424	[4]
Additional paid-in capital	1,278		1,278
Earnings reinvested	36		19
Total Equity	1,738		1,721
Total Liabilities and Equity	4,293		4,519
KU [Member]
Current Assets
Cash and cash equivalents	7		3
Accounts receivable (less reserve:)
Customer	79		90
Other	9		20
Unbilled revenues	78		89
Accounts receivable from affiliates	5		12
Fuel, materials and supplies	135		136
Other intangibles	11		22
Regulatory assets	4		9
Other current assets	18		15
Total Current Assets	346		396
Investments
Total Investments	30		30
Property, Plant and Equipment
Regulated utility plant	4,410		3,630
Less: accumulated depreciation - regulated utility plant	90		14
Regulated utility plant, net	4,320		3,616
Non-regulated property, plant and equipment
Construction work in progress	283		955
Property, Plant and Equipment, net	4,603		4,571
Other Noncurrent Assets
Regulatory assets	227		221
Goodwill	607		607
Other intangibles	161		175
Other noncurrent assets	60		58
Total Other Noncurrent Assets	1,055		1,061
Total Assets	6,034		6,058
Current Liabilities
Notes payable to affilates	0		10
Accounts payable	73		67
Accounts payable to affiliates	26		45
Customer deposits	23		23
Taxes	11		25
Regulatory liabilities	25		40
Other current liabilities	39		41
Total Current Liabilities	197		251
Long-term Debt	1,841		1,841
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	429		376
Investment tax credits	103		104
Accrued pension obligations	79		113
Asset retirement obligations	55		54
Regulatory liabilities	528		534
Other deferred credits and noncurrent liabilities	92		94
Total Deferred Credits and Other Noncurrent Liabilities	1,286		1,275
Commitments and Contingent Liabilities
Equity
Common stock	308	[5]	308	[5]
Additional paid-in capital	2,348		2,348
Earnings reinvested	55		35
Accumulated other comprehensive loss	(1)		0
Total Equity	2,710		2,691
Total Liabilities and Equity	$ 6,034		$ 6,058

[1] At June 30, 2011 and December 31, 2010, includes $418 million and $424 million of PP&E, consisting primarily of "Generation," including leasehold improvements, and $11 million of "Other intangibles" from the consolidation of a VIE that is the owner/lessor of the Lower Mt. Bethel plant.

[2] 780,000 shares authorized; 577,265 and 483,391 shares issued and outstanding at June 30, 2011 and December 31, 2010.

[3] 170,000 shares authorized; 66,368 shares issued and outstanding at June 30, 2011 and December 31, 2010.

[4] 75,000 shares authorized; 21,294 shares issued and outstanding at June 30, 2011 and December 31, 2010.

[5] 80,000 shares authorized; 37,818 shares issued and outstanding at June 30, 2011 and December 31, 2010.