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Financing Activities (Tables)

9 Months Ended

Sep. 30, 2012

Credit Facilities in Place at Period End

The following credit facilities were in place at:

					September 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	£	107		n/a	£	43	£	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	£	107	£	4	£	968	£	111	£	144

PPL Energy Supply
	Syndicated Credit Facility (e)					Oct. 2016	$	3,000			$	468	$	2,532			$	541
	Letter of Credit Facility					Mar. 2013		200		n/a		126		74		n/a		89
	Uncommitted Credit Facilities (f)							175		n/a		32		143		n/a		n/a
			Total PPL Energy Supply
				Credit Facilities			$	3,375			$	626	$	2,749			$	630

PPL Electric
	Syndicated Credit Facility (e) (g)					Oct. 2016	$	300			$	1	$	299			$	1
	Asset-backed Credit Facility (h)					Sept. 2013		100				n/a		100				n/a
			Total PPL Electric Credit Facilities				$	400			$	1	$	399			$	1

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

KU
	Syndicated Credit Facility (e)					Oct. 2016	$	400					$	400
	Letter of Credit Facility (i)					Apr. 2014		198			$	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 amount outstanding at September 30, 2012 was a USD-denominated borrowing of $171 million, which equated to £107 million at the time of borrowing and bore interest at 0.8818%.

(c) In January 2012, WPD (South West) entered into a £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 September 30, 2012, the U.S. dollar equivalent of unused capacity under WPD's credit facilities was $1.5 billion.

(e) In November 2012, the syndicated credit facilities were amended to extend the expiration dates to November 2017 for PPL Energy Supply, LG&E and KU and to October 2017 for PPL Electric. In addition, LG&E increased the credit facility capacity to $500 million.

(f) In July 2012, PPL Energy Supply entered into two uncommitted letter of credit facilities with available capacity of $75 million and $100 million, respectively, which expire in July 2014 and July 2015. Both facilities contain a financial covenant requiring PPL Energy Supply's debt to capitalization not to exceed 65%, as calculated in accordance with the agreements. PPL Energy Supply will pay customary fees for letters of credit issued under these facilities.

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

(h) 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 September 30, 2012 and December 31, 2011, $240 million and $251 million of accounts receivable and $80 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 September 30, 2012, the amount available for borrowing under the facility was $100 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 reduced the capacity from $150 million and in September 2012 extended the agreement to September 2013.

(i) In August 2012, the KU letter of credit facility agreement was amended and restated to allow for certain payments under the letter of credit facility to be converted to loans rather than requiring immediate payment.

PPL Energy Supply LLC [Member]

Financing Activities [Line Items]

Dividends/distributions paid to and capital contributions received from parent