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Segment and Related Information
9 Months Ended
Sep. 30, 2011
PPL [Member]
 
Segment Reporting [Line Items] 
Segment and Related Information

3. Segment and Related Information

 

(PPL and PPL Energy Supply)

 

See Note 2 to the Financial Statements in the 2010 Form 10-K for PPL and in the Form 8-K dated June 24, 2011 for PPL Energy Supply for a discussion of reportable segments. In January 2011, PPL Energy Supply distributed its membership interest in PPL Global to its parent, PPL Energy Funding. Following the distribution, PPL Energy Supply operates in a single business segment, the Supply segment. PPL Energy Supply's 2010 segment information was restated to reflect PPL Global as a Discontinued Operation. See Note 8 for additional information.

 

(PPL)

 

PPL includes the results of PPL Global in the International Regulated segment. This includes the operating results and assets of WPD Midlands since the acquisition date, April 1, 2011, on a one-month lag. See Note 8 for additional information regarding the acquisition.

 

The Kentucky Regulated and International Regulated segments include certain acquisition-related costs and financing activities associated with the acquisitions of LKE and WPD Midlands.

 

Financial data for the segments for the periods ended September 30 are:

      Three Months Nine Months
  2011 2010 2011 2010
PPL            
Income Statement Data            
Revenues from external customers            
 Kentucky Regulated $ 736    $ 2,140   
 International Regulated   493 $ 172   1,138 $ 563
 Pennsylvania Regulated   454   570   1,444   1,901
 Supply (a)   1,437   1,437   3,797   4,194
Total $ 3,120 $ 2,179 $ 8,519 $ 6,658
                 
Intersegment electric revenues            
 Pennsylvania Regulated $ 1 $ 1 $ 9 $ 5
 Supply (b)   5   71   15   250
                 
Net Income Attributable to PPL            
 Kentucky Regulated $ 78    $ 184   
 International Regulated   138 $ 93   231 $ 227
 Pennsylvania Regulated   28   36   116   89
 Supply (a) (d)   200   153   510   320
 Unallocated Costs (e)      (34)      (53)
Total $ 444 $ 248 $ 1,041 $ 583
                 
PPL Energy Supply            
Income Statement Data            
Revenues from external customers            
 Supply (a) $1,441 $1,508 $ 3,807 $ 4,437
                 
Net Income             
 International Regulated (c)    $ 106    $ 227
 Supply (a) (d) $ 169   159 $ 472   324
Total $ 169 $ 265 $ 472 $ 551

   PPL PPL Energy Supply
   September 30, December 31, September 30, December 31,
   2011 2010 2011 2010
            
Balance Sheet Data            
Assets            
 Kentucky Regulated (f) $ 10,304 $ 10,318      
 International Regulated   13,513   4,800    $ 4,800
 Pennsylvania Regulated   5,385   5,189      
 Supply (f)   11,754   12,530 $ 11,313   11,996
Total assets $ 40,956 $ 32,837 $ 11,313 $ 16,796

(a)       Includes unrealized gains and losses from economic activity. See Note 14 for additional information.

(b)       See "PLR Contracts/Purchase of Accounts Receivable" in Note 11 for a discussion of the basis of accounting between reportable segments.

(c)       Reported in Discontinued Operations. See Note 8 for additional information.

(d)       In April 2011, during the PPL Susquehanna Unit 2 refueling and generation uprate outage, a planned inspection of the Unit 2 turbine revealed cracks in certain of its low pressure turbine blades. As a precaution, PPL Susquehanna also took Unit 1 out of service in mid-May to inspect that unit's turbine blades. This inspection revealed cracked blades similar to those found in Unit 2. Replacement of these blades was completed, significantly extending these outages. The after-tax earnings impact, including reduced energy sales margins and repair expense for both units was $63 million for the nine months ended September 30, 2011.

(e)       Represents LKE acquisition-related costs and 2010 Bridge Facility financing costs.

(f)       A portion of the goodwill related to the 2010 LKE acquisition has been attributed to PPL's Supply segment.

PPL Energy Supply [Member]
 
Segment Reporting [Line Items] 
Segment and Related Information

3. Segment and Related Information

 

(PPL and PPL Energy Supply)

 

See Note 2 to the Financial Statements in the 2010 Form 10-K for PPL and in the Form 8-K dated June 24, 2011 for PPL Energy Supply for a discussion of reportable segments. In January 2011, PPL Energy Supply distributed its membership interest in PPL Global to its parent, PPL Energy Funding. Following the distribution, PPL Energy Supply operates in a single business segment, the Supply segment. PPL Energy Supply's 2010 segment information was restated to reflect PPL Global as a Discontinued Operation. See Note 8 for additional information.

 

(PPL)

 

PPL includes the results of PPL Global in the International Regulated segment. This includes the operating results and assets of WPD Midlands since the acquisition date, April 1, 2011, on a one-month lag. See Note 8 for additional information regarding the acquisition.

 

The Kentucky Regulated and International Regulated segments include certain acquisition-related costs and financing activities associated with the acquisitions of LKE and WPD Midlands.

 

Financial data for the segments for the periods ended September 30 are:

      Three Months Nine Months
  2011 2010 2011 2010
PPL            
Income Statement Data            
Revenues from external customers            
 Kentucky Regulated $ 736    $ 2,140   
 International Regulated   493 $ 172   1,138 $ 563
 Pennsylvania Regulated   454   570   1,444   1,901
 Supply (a)   1,437   1,437   3,797   4,194
Total $ 3,120 $ 2,179 $ 8,519 $ 6,658
                 
Intersegment electric revenues            
 Pennsylvania Regulated $ 1 $ 1 $ 9 $ 5
 Supply (b)   5   71   15   250
                 
Net Income Attributable to PPL            
 Kentucky Regulated $ 78    $ 184   
 International Regulated   138 $ 93   231 $ 227
 Pennsylvania Regulated   28   36   116   89
 Supply (a) (d)   200   153   510   320
 Unallocated Costs (e)      (34)      (53)
Total $ 444 $ 248 $ 1,041 $ 583
                 
PPL Energy Supply            
Income Statement Data            
Revenues from external customers            
 Supply (a) $1,441 $1,508 $ 3,807 $ 4,437
                 
Net Income             
 International Regulated (c)    $ 106    $ 227
 Supply (a) (d) $ 169   159 $ 472   324
Total $ 169 $ 265 $ 472 $ 551

   PPL PPL Energy Supply
   September 30, December 31, September 30, December 31,
   2011 2010 2011 2010
            
Balance Sheet Data            
Assets            
 Kentucky Regulated (f) $ 10,304 $ 10,318      
 International Regulated   13,513   4,800    $ 4,800
 Pennsylvania Regulated   5,385   5,189      
 Supply (f)   11,754   12,530 $ 11,313   11,996
Total assets $ 40,956 $ 32,837 $ 11,313 $ 16,796

(a)       Includes unrealized gains and losses from economic activity. See Note 14 for additional information.

(b)       See "PLR Contracts/Purchase of Accounts Receivable" in Note 11 for a discussion of the basis of accounting between reportable segments.

(c)       Reported in Discontinued Operations. See Note 8 for additional information.

(d)       In April 2011, during the PPL Susquehanna Unit 2 refueling and generation uprate outage, a planned inspection of the Unit 2 turbine revealed cracks in certain of its low pressure turbine blades. As a precaution, PPL Susquehanna also took Unit 1 out of service in mid-May to inspect that unit's turbine blades. This inspection revealed cracked blades similar to those found in Unit 2. Replacement of these blades was completed, significantly extending these outages. The after-tax earnings impact, including reduced energy sales margins and repair expense for both units was $63 million for the nine months ended September 30, 2011.

(e)       Represents LKE acquisition-related costs and 2010 Bridge Facility financing costs.

(f)       A portion of the goodwill related to the 2010 LKE acquisition has been attributed to PPL's Supply segment.