CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $) In Millions	Sep. 30, 2011		Dec. 31, 2010
Current Assets
Cash and cash equivalents	$ 1,511		$ 925
Short-term investments	16		163
Restricted cash and cash equivalents	62		28
Accounts receivable (less reserve:)
Customer	753		652
Other	122		90
Unbilled revenues	664		789
Fuel, materials and supplies	633		643
Prepayments	166		435
Price risk management assets	1,393		1,918
Other intangibles	22		70
Assets held for sale	0		374
Regulatory assets	19		85
Other current assets	51		16
Total Current Assets	5,412		6,188
Investments
Nuclear plant decommissioning trust funds	594		618
Other investments	77		75
Total Investments	671		693
Property, Plant and Equipment
Regulated utility plant	22,865		15,994
Less: accumulated depreciation - regulated utility plant	3,419		3,037
Regulated utility plant, net	19,446		12,957
Non-regulated property, plant and equipment
Generation	10,395		10,165
Nuclear fuel	620		578
Other	521		403
Less: accumulated depreciation - non-regulated property, plant and equipment	5,609		5,440
Non-regulated property, plant and equipment, net	5,927		5,706
Construction work in progress	1,549		2,160
Property, Plant and Equipment, net	26,922	[1]	20,823	[1]
Other Noncurrent Assets
Regulatory assets	1,277		1,180
Goodwill	4,196		1,761
Other intangibles	1,074	[1]	966	[1]
Price risk management assets	726		655
Other noncurrent assets	678		571
Total Other Noncurrent Assets	7,951		5,133
Total Assets	40,956		32,837
Current Liabilities
Short-term debt	428		694
Long-term debt	502		502
Accounts payable	1,120		1,028
Taxes	109		134
Interest	294		166
Dividends	207		174
Price risk management liabilities	805		1,144
Counterparty collateral	65		338
Regulatory liabilities	83		109
Other current liabilities	927		925
Total Current Liabilities	4,540		5,214
Long-term Debt	17,675		12,161
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	3,451		2,563
Investment tax credits	273		237
Price risk management liabilities	508		470
Accrued pension obligations	1,027		1,496
Asset retirement obligations	479		435
Regulatory liabilities	1,020		1,031
Other deferred credits and noncurrent liabilities	867		752
Total Deferred Credits and Other Noncurrent Liabilities	7,625		6,984
Commitments and Contingent Liabilities	0		0
Equity
Common stock	6	[2]	5	[2]
Additional paid-in capital	6,795		4,602
Earnings reinvested	4,547		4,082
Accumulated other comprehensive loss	(500)		(479)
Total Stockholders' Equity	10,848		8,210
Noncontrolling Interests	268		268
Total Equity	11,116		8,478
Total Liabilities and Equity	40,956		32,837
PPL Energy Supply [Member]
Current Assets
Cash and cash equivalents	375		661
Restricted cash and cash equivalents	53		19
Accounts receivable (less reserve:)
Customer	204		225
Other	29		24
Unbilled revenues	300		486
Accounts receivable from affiliates	124		124
Notes receivable from affiliates	0		0
Fuel, materials and supplies	293		297
Prepayments	17		89
Price risk management assets	1,366		1,907
Other intangibles	6		11
Assets held for sale	0		374
Other current assets	1		11
Total Current Assets	2,768		4,228
Investments
Nuclear plant decommissioning trust funds	594		618
Other investments	38		37
Total Investments	632		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	10,399		10,169
Nuclear fuel	620		578
Other	242		314
Less: accumulated depreciation - non-regulated property, plant and equipment	5,506		5,401
Non-regulated property, plant and equipment, net	5,755		5,660
Construction work in progress	634		594
Property, Plant and Equipment, net	6,389	[1]	9,635	[1]
Other Noncurrent Assets
Goodwill	86		765
Other intangibles	384	[1]	464	[1]
Price risk management assets	675		651
Other noncurrent assets	379		398
Total Other Noncurrent Assets	1,524		2,278
Total Assets	11,313		16,796
Current Liabilities
Short-term debt	250		531
Long-term debt	500		500
Accounts payable	359		592
Accounts payable to affiliates	10		43
Taxes	127		119
Interest	60		110
Price risk management liabilities	735		1,112
Counterparty collateral	65		338
Other current liabilities	439		624
Total Current Liabilities	2,545		3,969
Long-term Debt	2,525		5,089
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	1,266		1,548
Investment tax credits	123		81
Price risk management liabilities	455		438
Accrued pension obligations	178		619
Asset retirement obligations	345		332
Other deferred credits and noncurrent liabilities	192		211
Total Deferred Credits and Other Noncurrent Liabilities	2,559		3,229
Commitments and Contingent Liabilities	0		0
Equity
Member's Equity	3,666		4,491
Noncontrolling Interests	18		18
Total Equity	3,684		4,509
Total Liabilities and Equity	11,313		16,796
PPL Electric [Member]
Current Assets
Cash and cash equivalents	261		204
Accounts receivable (less reserve:)
Customer	270		268
Other	10		24
Unbilled revenues	81		134
Accounts receivable from affiliates	36		8
Fuel, materials and supplies	47		47
Prepayments	78		136
Regulatory assets	3		63
Other current assets	23		4
Total Current Assets	809		888
Property, Plant and Equipment
Regulated utility plant	5,751		5,494
Less: accumulated depreciation - regulated utility plant	2,206		2,123
Regulated utility plant, net	3,545		3,371
Non-regulated property, plant and equipment
Other, net	2		2
Construction work in progress	219		177
Property, Plant and Equipment, net	3,766		3,550
Other Noncurrent Assets
Regulatory assets	663		592
Other intangibles	153		147
Other noncurrent assets	81		76
Total Other Noncurrent Assets	897		815
Total Assets	5,472		5,253
Current Liabilities
Notes payable to affiliates	0		0
Accounts payable	145		221
Accounts payable to affiliates	43		73
Taxes	42		23
Interest	20		17
Regulatory liabilities	46		18
Other current liabilities	97		126
Total Current Liabilities	393		478
Long-term Debt	1,718		1,472
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	998		932
Accrued pension obligations	166		259
Regulatory liabilities	13		14
Other deferred credits and noncurrent liabilities	144		154
Total Deferred Credits and Other Noncurrent Liabilities	1,321		1,359
Commitments and Contingent Liabilities	0		0
Equity
Preferred securities	250		250
Common stock	364	[3]	364	[3]
Additional paid-in capital	935		879
Earnings reinvested	491		451
Total Equity	2,040		1,944
Total Liabilities and Equity	5,472		5,253
LKE [Member]
Current Assets
Cash and cash equivalents	170		11
Short-term investments	0		163
Accounts receivable (less reserve:)
Customer	154		160
Other	11		33
Unbilled revenues	112		170
Accounts receivable from affiliates	1		2
Notes receivable from affiliates	53		61
Income taxes receivable	0		40
Fuel, materials and supplies	268		298
Deferred income taxes	96		66
Other intangibles	15		58
Regulatory assets	16		22
Other current assets	26		26
Total Current Assets	922		1,110
Investments
Total Investments	32		31
Property, Plant and Equipment
Regulated utility plant	7,344		6,230
Less: accumulated depreciation - regulated utility plant	211		31
Regulated utility plant, net	7,133		6,199
Non-regulated property, plant and equipment
Other, net	4		4
Construction work in progress	501		1,340
Property, Plant and Equipment, net	7,638		7,543
Other Noncurrent Assets
Regulatory assets	614		588
Goodwill	996		996
Other intangibles	324		356
Other noncurrent assets	106		94
Total Other Noncurrent Assets	2,040		2,034
Total Assets	10,632		10,718
Current Liabilities
Short-term debt			163
Long-term debt	2		2
Accounts payable	164		189
Accounts payable to affiliates	2		3
Customer deposits	46		46
Taxes	29		27
Regulatory liabilities	37		91
Other current liabilities	139		122
Total Current Liabilities	419		643
Long-term Debt	4,073		3,823
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	482		240
Investment tax credits	146		150
Price risk management liabilities	53		32
Accrued pension obligations	339		449
Asset retirement obligations	113		103
Regulatory liabilities	1,007		1,017
Other deferred credits and noncurrent liabilities	243		250
Total Deferred Credits and Other Noncurrent Liabilities	2,383		2,241
Commitments and Contingent Liabilities	0		0
Equity
Member's Equity	3,757		4,011
Total Liabilities and Equity	10,632		10,718
LGE [Member]
Current Assets
Cash and cash equivalents	75		2
Short-term investments	0		163
Accounts receivable (less reserve:)
Customer	69		70
Other	5		13
Unbilled revenues	42		81
Accounts receivable from affiliates	11		30
Fuel, materials and supplies	146		162
Other intangibles	9		36
Regulatory assets	10		13
Other current assets	14		13
Total Current Assets	381		583
Property, Plant and Equipment
Regulated utility plant	2,899		2,600
Less: accumulated depreciation - regulated utility plant	91		17
Regulated utility plant, net	2,808		2,583
Non-regulated property, plant and equipment
Construction work in progress	192		385
Property, Plant and Equipment, net	3,000		2,968
Other Noncurrent Assets
Regulatory assets	390		367
Goodwill	389		389
Other intangibles	170		181
Other noncurrent assets	40		31
Total Other Noncurrent Assets	989		968
Total Assets	4,370		4,519
Current Liabilities
Short-term debt	0		163
Notes payable to affiliates	0		12
Accounts payable	81		100
Accounts payable to affiliates	21		20
Customer deposits	23		23
Taxes	19		10
Regulatory liabilities	20		51
Other current liabilities	42		38
Total Current Liabilities	206		417
Long-term Debt	1,112		1,112
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	461		419
Investment tax credits	44		46
Price risk management liabilities	53		32
Accrued pension obligations	78		126
Asset retirement obligations	54		49
Regulatory liabilities	481		483
Other deferred credits and noncurrent liabilities	113		114
Total Deferred Credits and Other Noncurrent Liabilities	1,284		1,269
Commitments and Contingent Liabilities	0		0
Equity
Common stock	424	[4]	424	[4]
Additional paid-in capital	1,278		1,278
Earnings reinvested	66		19
Total Equity	1,768		1,721
Total Liabilities and Equity	4,370		4,519
KU [Member]
Current Assets
Cash and cash equivalents	94		3
Accounts receivable (less reserve:)
Customer	85		90
Other	5		20
Unbilled revenues	70		89
Accounts receivable from affiliates	2		12
Fuel, materials and supplies	122		136
Other intangibles	6		22
Regulatory assets	6		9
Other current assets	17		15
Total Current Assets	407		396
Investments
Total Investments	31		30
Property, Plant and Equipment
Regulated utility plant	4,446		3,630
Less: accumulated depreciation - regulated utility plant	120		14
Regulated utility plant, net	4,326		3,616
Non-regulated property, plant and equipment
Construction work in progress	308		955
Property, Plant and Equipment, net	4,634		4,571
Other Noncurrent Assets
Regulatory assets	224		221
Goodwill	607		607
Other intangibles	154		175
Other noncurrent assets	59		58
Total Other Noncurrent Assets	1,044		1,061
Total Assets	6,116		6,058
Current Liabilities
Notes payable to affiliates	0		10
Accounts payable	75		67
Accounts payable to affiliates	24		45
Customer deposits	23		23
Taxes	20		25
Regulatory liabilities	17		40
Other current liabilities	54		41
Total Current Liabilities	213		251
Long-term Debt	1,841		1,841
Deferred Credits and Other Noncurrent Liabilities
Deferred income taxes	456		376
Investment tax credits	102		104
Accrued pension obligations	83		113
Asset retirement obligations	59		54
Regulatory liabilities	526		534
Other deferred credits and noncurrent liabilities	89		94
Total Deferred Credits and Other Noncurrent Liabilities	1,315		1,275
Commitments and Contingent Liabilities	0		0
Equity
Common stock	308	[5]	308	[5]
Additional paid-in capital	2,348		2,348
Earnings reinvested	91		35
Accumulated other comprehensive loss	0		0
Total Equity	2,747		2,691
Total Liabilities and Equity	$ 6,116		$ 6,058

[1] At September 30, 2011 and December 31, 2010, includes $419 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; 577,844 and 483,391 shares issued and outstanding at September 30, 2011 and December 31, 2010.

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

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

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