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

		PPL				PPL Electric
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6
	Fuel adjustment clause		13		3
	Other		2
Total current regulatory assets		$	21	$	9

Noncurrent Regulatory Assets:
	Defined benefit plans	$	583	$	615	$	266	$	276
	Taxes recoverable through future rates		299		289		299		289
	Storm costs		143		154		31		31
	Unamortized loss on debt		99		110		68		77
	Interest rate swaps		71		69
	Accumulated cost of removal of utility plant		67		53		67		53
	Coal contracts (a)		5		11
	AROs		26		18
	Other		30		30		2		3
Total noncurrent regulatory assets		$	1,323	$	1,349	$	733	$	729

		LKE				LG&E				KU
		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6	$	6	$	6
	Fuel adjustment clause		13		3		10		3	$	3
	Other		2				1				1
Total current regulatory assets		$	21	$	9	$	17	$	9	$	4

Noncurrent Regulatory Assets:
	Defined benefit plans	$	317	$	339	$	210	$	225	$	107	$	114
	Storm costs		112		123		61		66		51		57
	Unamortized loss on debt		31		33		20		21		11		12
	Interest rate swaps		71		69		71		69
	Coal contracts (a)		5		11		2		5		3		6
	AROs		26		18		14		11		12		7
	Other		28		27		6		6		22		21
Total noncurrent regulatory assets		$	590	$	620	$	384	$	403	$	206	$	217

(a) 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.

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

Current Regulatory Liabilities:
	Generation supply charge	$	24	$	42	$	24	$	42
	ECR		7		7
	Gas supply clause		5		6
	Transmission service charge		5		2		5		2
	Transmission formula rate		8		5		8		5
	Universal service rider		12		1		12		1
	Other		4		10		3		3
Total current regulatory liabilities		$	65	$	73	$	52	$	53

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal of utility plant	$	673	$	651
	Coal contracts (a)		151		180
	Power purchase agreement - OVEC (a)		110		116
	Net deferred tax assets		35		39
	Act 129 compliance rider		12		7	$	12	$	7
	Defined benefit plans		10		9
	Other		8		8
Total noncurrent regulatory liabilities		$	999	$	1,010	$	12	$	7

Current Regulatory Liabilities:
		ECR	$	7	$	7					$	7	$	7
		Gas supply clause		5		6	$	5	$	6
		Other		1		7				4		1		3
Total current regulatory liabilities			$	13	$	20	$	5	$	10	$	8	$	10

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal
		of utility plant	$	673	$	651	$	294	$	286	$	379	$	365
	Coal contracts (a)			151		180		66		78		85		102
	Power purchase agreement - OVEC (a)			110		116		76		80		34		36
	Net deferred tax assets			35		39		28		31		7		8
	Defined benefit plans			10		9						10		9
	Other			8		8		3		3		5		5
Total noncurrent regulatory liabilities			$	987	$	1,003	$	467	$	478	$	520	$	525

(a) 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.

PPL Electric Utilities Corp [Member]

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

		PPL				PPL Electric
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6
	Fuel adjustment clause		13		3
	Other		2
Total current regulatory assets		$	21	$	9

Noncurrent Regulatory Assets:
	Defined benefit plans	$	583	$	615	$	266	$	276
	Taxes recoverable through future rates		299		289		299		289
	Storm costs		143		154		31		31
	Unamortized loss on debt		99		110		68		77
	Interest rate swaps		71		69
	Accumulated cost of removal of utility plant		67		53		67		53
	Coal contracts (a)		5		11
	AROs		26		18
	Other		30		30		2		3
Total noncurrent regulatory assets		$	1,323	$	1,349	$	733	$	729

		LKE				LG&E				KU
		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6	$	6	$	6
	Fuel adjustment clause		13		3		10		3	$	3
	Other		2				1				1
Total current regulatory assets		$	21	$	9	$	17	$	9	$	4

Noncurrent Regulatory Assets:
	Defined benefit plans	$	317	$	339	$	210	$	225	$	107	$	114
	Storm costs		112		123		61		66		51		57
	Unamortized loss on debt		31		33		20		21		11		12
	Interest rate swaps		71		69		71		69
	Coal contracts (a)		5		11		2		5		3		6
	AROs		26		18		14		11		12		7
	Other		28		27		6		6		22		21
Total noncurrent regulatory assets		$	590	$	620	$	384	$	403	$	206	$	217

(a) 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.

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

Current Regulatory Liabilities:
	Generation supply charge	$	24	$	42	$	24	$	42
	ECR		7		7
	Gas supply clause		5		6
	Transmission service charge		5		2		5		2
	Transmission formula rate		8		5		8		5
	Universal service rider		12		1		12		1
	Other		4		10		3		3
Total current regulatory liabilities		$	65	$	73	$	52	$	53

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal of utility plant	$	673	$	651
	Coal contracts (a)		151		180
	Power purchase agreement - OVEC (a)		110		116
	Net deferred tax assets		35		39
	Act 129 compliance rider		12		7	$	12	$	7
	Defined benefit plans		10		9
	Other		8		8
Total noncurrent regulatory liabilities		$	999	$	1,010	$	12	$	7

Current Regulatory Liabilities:
		ECR	$	7	$	7					$	7	$	7
		Gas supply clause		5		6	$	5	$	6
		Other		1		7				4		1		3
Total current regulatory liabilities			$	13	$	20	$	5	$	10	$	8	$	10

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal
		of utility plant	$	673	$	651	$	294	$	286	$	379	$	365
	Coal contracts (a)			151		180		66		78		85		102
	Power purchase agreement - OVEC (a)			110		116		76		80		34		36
	Net deferred tax assets			35		39		28		31		7		8
	Defined benefit plans			10		9						10		9
	Other			8		8		3		3		5		5
Total noncurrent regulatory liabilities			$	987	$	1,003	$	467	$	478	$	520	$	525

(a) 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.

LG And E And KU Energy LLC [Member]

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

		PPL				PPL Electric
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6
	Fuel adjustment clause		13		3
	Other		2
Total current regulatory assets		$	21	$	9

Noncurrent Regulatory Assets:
	Defined benefit plans	$	583	$	615	$	266	$	276
	Taxes recoverable through future rates		299		289		299		289
	Storm costs		143		154		31		31
	Unamortized loss on debt		99		110		68		77
	Interest rate swaps		71		69
	Accumulated cost of removal of utility plant		67		53		67		53
	Coal contracts (a)		5		11
	AROs		26		18
	Other		30		30		2		3
Total noncurrent regulatory assets		$	1,323	$	1,349	$	733	$	729

		LKE				LG&E				KU
		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6	$	6	$	6
	Fuel adjustment clause		13		3		10		3	$	3
	Other		2				1				1
Total current regulatory assets		$	21	$	9	$	17	$	9	$	4

Noncurrent Regulatory Assets:
	Defined benefit plans	$	317	$	339	$	210	$	225	$	107	$	114
	Storm costs		112		123		61		66		51		57
	Unamortized loss on debt		31		33		20		21		11		12
	Interest rate swaps		71		69		71		69
	Coal contracts (a)		5		11		2		5		3		6
	AROs		26		18		14		11		12		7
	Other		28		27		6		6		22		21
Total noncurrent regulatory assets		$	590	$	620	$	384	$	403	$	206	$	217

(a) 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.

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

Current Regulatory Liabilities:
	Generation supply charge	$	24	$	42	$	24	$	42
	ECR		7		7
	Gas supply clause		5		6
	Transmission service charge		5		2		5		2
	Transmission formula rate		8		5		8		5
	Universal service rider		12		1		12		1
	Other		4		10		3		3
Total current regulatory liabilities		$	65	$	73	$	52	$	53

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal of utility plant	$	673	$	651
	Coal contracts (a)		151		180
	Power purchase agreement - OVEC (a)		110		116
	Net deferred tax assets		35		39
	Act 129 compliance rider		12		7	$	12	$	7
	Defined benefit plans		10		9
	Other		8		8
Total noncurrent regulatory liabilities		$	999	$	1,010	$	12	$	7

Current Regulatory Liabilities:
		ECR	$	7	$	7					$	7	$	7
		Gas supply clause		5		6	$	5	$	6
		Other		1		7				4		1		3
Total current regulatory liabilities			$	13	$	20	$	5	$	10	$	8	$	10

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal
		of utility plant	$	673	$	651	$	294	$	286	$	379	$	365
	Coal contracts (a)			151		180		66		78		85		102
	Power purchase agreement - OVEC (a)			110		116		76		80		34		36
	Net deferred tax assets			35		39		28		31		7		8
	Defined benefit plans			10		9						10		9
	Other			8		8		3		3		5		5
Total noncurrent regulatory liabilities			$	987	$	1,003	$	467	$	478	$	520	$	525

(a) 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.

Louisville Gas And Electric Co [Member]

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

		PPL				PPL Electric
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6
	Fuel adjustment clause		13		3
	Other		2
Total current regulatory assets		$	21	$	9

Noncurrent Regulatory Assets:
	Defined benefit plans	$	583	$	615	$	266	$	276
	Taxes recoverable through future rates		299		289		299		289
	Storm costs		143		154		31		31
	Unamortized loss on debt		99		110		68		77
	Interest rate swaps		71		69
	Accumulated cost of removal of utility plant		67		53		67		53
	Coal contracts (a)		5		11
	AROs		26		18
	Other		30		30		2		3
Total noncurrent regulatory assets		$	1,323	$	1,349	$	733	$	729

		LKE				LG&E				KU
		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6	$	6	$	6
	Fuel adjustment clause		13		3		10		3	$	3
	Other		2				1				1
Total current regulatory assets		$	21	$	9	$	17	$	9	$	4

Noncurrent Regulatory Assets:
	Defined benefit plans	$	317	$	339	$	210	$	225	$	107	$	114
	Storm costs		112		123		61		66		51		57
	Unamortized loss on debt		31		33		20		21		11		12
	Interest rate swaps		71		69		71		69
	Coal contracts (a)		5		11		2		5		3		6
	AROs		26		18		14		11		12		7
	Other		28		27		6		6		22		21
Total noncurrent regulatory assets		$	590	$	620	$	384	$	403	$	206	$	217

(a) 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.

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

Current Regulatory Liabilities:
	Generation supply charge	$	24	$	42	$	24	$	42
	ECR		7		7
	Gas supply clause		5		6
	Transmission service charge		5		2		5		2
	Transmission formula rate		8		5		8		5
	Universal service rider		12		1		12		1
	Other		4		10		3		3
Total current regulatory liabilities		$	65	$	73	$	52	$	53

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal of utility plant	$	673	$	651
	Coal contracts (a)		151		180
	Power purchase agreement - OVEC (a)		110		116
	Net deferred tax assets		35		39
	Act 129 compliance rider		12		7	$	12	$	7
	Defined benefit plans		10		9
	Other		8		8
Total noncurrent regulatory liabilities		$	999	$	1,010	$	12	$	7

Current Regulatory Liabilities:
		ECR	$	7	$	7					$	7	$	7
		Gas supply clause		5		6	$	5	$	6
		Other		1		7				4		1		3
Total current regulatory liabilities			$	13	$	20	$	5	$	10	$	8	$	10

Noncurrent Regulatory Liabilities:
	Accumulated cost of removal
		of utility plant	$	673	$	651	$	294	$	286	$	379	$	365
	Coal contracts (a)			151		180		66		78		85		102
	Power purchase agreement - OVEC (a)			110		116		76		80		34		36
	Net deferred tax assets			35		39		28		31		7		8
	Defined benefit plans			10		9						10		9
	Other			8		8		3		3		5		5
Total noncurrent regulatory liabilities			$	987	$	1,003	$	467	$	478	$	520	$	525

(a) 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.

Kentucky Utilities Co [Member]

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

		PPL				PPL Electric
		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6
	Fuel adjustment clause		13		3
	Other		2
Total current regulatory assets		$	21	$	9

Noncurrent Regulatory Assets:
	Defined benefit plans	$	583	$	615	$	266	$	276
	Taxes recoverable through future rates		299		289		299		289
	Storm costs		143		154		31		31
	Unamortized loss on debt		99		110		68		77
	Interest rate swaps		71		69
	Accumulated cost of removal of utility plant		67		53		67		53
	Coal contracts (a)		5		11
	AROs		26		18
	Other		30		30		2		3
Total noncurrent regulatory assets		$	1,323	$	1,349	$	733	$	729

		LKE				LG&E				KU
		September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
		2012		2011		2012		2011		2012		2011

Current Regulatory Assets:
	Gas supply clause	$	6	$	6	$	6	$	6
	Fuel adjustment clause		13		3		10		3	$	3
	Other		2				1				1
Total current regulatory assets		$	21	$	9	$	17	$	9	$	4

Noncurrent Regulatory Assets:
	Defined benefit plans	$	317	$	339	$	210	$	225	$	107	$	114
	Storm costs		112		123		61		66		51		57
	Unamortized loss on debt		31		33		20		21		11		12
	Interest rate swaps		71		69		71		69
	Coal contracts (a)		5		11		2		5		3		6
	AROs		26		18		14		11		12		7
	Other		28		27		6		6		22		21
Total noncurrent regulatory assets		$	590	$	620	$	384	$	403	$	206	$	217

(a) 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.