Financing Activities (Tables)

6 Months Ended

Jun. 30, 2012

Credit Facilities in Place at Period End

The following credit facilities were in place at:

					June 30, 2012										December 31, 2011
											Letters of						Letters of
											Credit Issued						Credit Issued
											and						and
											Commercial						Commercial
					Expiration				Borrowed		Paper		Unused		Borrowed		Paper
					Date		Capacity		(a)		Backstop		Capacity		(a)		Backstop
PPL
	WPD Credit Facilities
		PPL WW Syndicated
			Credit Facility (b)			Jan. 2013	£	150	£	110		n/a	£	40	£	111		n/a
		WPD (South West)
			Syndicated Credit Facility (c)			Jan. 2017		245				n/a		245				n/a
		WPD (East Midlands)
			Syndicated Credit Facility			Apr. 2016		300						300			£	70
		WPD (West Midlands)
			Syndicated Credit Facility			Apr. 2016		300						300				71
		Uncommitted Credit Facilities						84			£	4		80				3
			Total WPD Credit Facilities (d)				£	1,079	£	110	£	4	£	965	£	111	£	144

PPL Energy Supply (e)
	Syndicated Credit Facility					Oct. 2016	$	3,000			$	662	$	2,338			$	541
	Letter of Credit Facility					Mar. 2013		200		n/a		128		72		n/a		89
			Total PPL Energy Supply
				Credit Facilities			$	3,200			$	790	$	2,410			$	630

PPL Electric (e)
	Syndicated Credit Facility (f)					Oct. 2016	$	300			$	196	$	104			$	1
	Asset-backed Credit Facility (g)					July 2012		150				n/a		150				n/a
			Total PPL Electric Credit Facilities				$	450			$	196	$	254			$	1

LG&E (e) (h)
	Syndicated Credit Facility					Oct. 2016	$	400					$	400

KU (e) (h)
	Syndicated Credit Facility					Oct. 2016	$	400					$	400
	Letter of Credit Facility					Apr. 2014		198		n/a	$	198				n/a	$	198
			Total KU Credit Facilities				$	598			$	198	$	400			$	198

(a) Amounts borrowed are recorded as "Short-term debt" on the Balance Sheets.

(b) The borrowing outstanding at June 30, 2012 was a USD-denominated borrowing of $174 million, which equated to £110 million at the time of borrowing and bore interest at approximately 1.458%.

(c) In January 2012, WPD (South West) entered into a new £245 million 5-year syndicated credit facility to replace the previous £210 million 3-year syndicated credit facility that was set to expire in July 2012. Under the facility, WPD (South West) has the ability to make cash borrowings but cannot request the lenders to issue letters of credit. WPD (South West) pays customary commitment fees under this facility and borrowings bear interest at LIBOR-based rates plus a margin. The credit facility contains financial covenants that require WPD (South West) to maintain an interest coverage ratio of not less than 3.0 times consolidated earnings before income taxes, depreciation and amortization and total net debt not in excess of 85% of its RAV, in each case calculated in accordance with the credit facility.

(d) At June 30, 2012, the U.S. dollar equivalent of unused capacity under WPD's credit facilities was approximately $1.5 billion.

(e) All credit facilities at PPL Energy Supply, PPL Electric, LG&E and KU also apply to PPL on a consolidated basis for financial reporting purposes.

(f) In April 2012, PPL Electric increased the capacity of its syndicated credit facility from $200 million.

(g) PPL Electric participates in an asset-backed commercial paper program through which PPL Electric obtains financing by selling and contributing its eligible accounts receivable and unbilled revenue to a special purpose, wholly owned subsidiary on an ongoing basis. The subsidiary has pledged these assets to secure loans from a commercial paper conduit sponsored by a financial institution.

At June 30, 2012 and December 31, 2011, $237 million and $251 million of accounts receivable and $87 million and $98 million of unbilled revenue were pledged by the subsidiary under the credit agreement related to PPL Electric's and the subsidiary's participation in the asset-backed commercial paper program. Based on the accounts receivable and unbilled revenue pledged at June 30, 2012, the amount available for borrowing under the facility was limited to $87 million. PPL Electric's sale to its subsidiary of the accounts receivable and unbilled revenue is an absolute sale of assets, and PPL Electric does not retain an interest in these assets. However, for financial reporting purposes, the subsidiary's financial results are consolidated in PPL Electric's financial statements. PPL Electric performs certain record-keeping and cash collection functions with respect to the assets in return for a servicing fee from the subsidiary.

In July 2012, PPL Electric and the subsidiary extended this agreement to September 2012 and reduced the capacity to $100 million.

(h) All credit facilities at LG&E and KU also apply to LKE on a consolidated basis for financial reporting purposes.

PPL Energy Supply LLC [Member]

Financing Activities [Line Items]

Dividends/distributions paid to and capital contributions received from parent