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Retirement and Postemployment Benefits (Tables)

12 Months Ended

Dec. 31, 2012

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following disclosures distinguish between the domestic (U.S.) and WPD (U.K.) pension plans.

			Pension Benefits
			U.S.						U.K.						Other Postretirement Benefits
			2012		2011		2010		2012		2011		2010		2012		2011		2010
PPL
Net periodic defined benefit costs
	(credits):
Service cost			$	103	$	95	$	64	$	54	$	44	$	17	$	12	$	12	$	8
Interest cost				220		217		159		340		282		151		31		33		28
Expected return on plan assets				(259)		(245)		(184)		(458)		(338)		(202)		(23)		(23)		(20)
Amortization of:
		Transition (asset) obligation														2		2		5
		Prior service cost		24		24		21		4		4		4		1				4
		Actuarial (gain) loss		42		30		8		79		57		48		4		6		6
Net periodic defined benefit costs
	(credits) prior to settlement
	charges and termination benefits			130		121		68		19		49		18		27		30		31
Settlement charges				11
Termination benefits (a)										2		50
Net periodic defined benefit costs
	(credits)		$	141	$	121	$	68	$	21	$	99	$	18	$	27	$	30	$	31

Other Changes in Plan Assets
	and Benefit Obligations
	Recognized in OCI and
	Regulatory Assets/Liabilities -
	Gross:
Settlements			$	(11)
Net (gain) loss				372	$	117	$	142	$	1,073	$	152	$	17	$	13	$	(9)	$	20
Prior service cost
	(credit)					8										(1)		10		(71)
Amortization of:
		Transition asset														(2)		(2)		(5)
		Prior service cost		(24)		(24)		(21)		(4)		(4)		(4)		(1)				(4)
		Actuarial gain (loss)		(42)		(30)		(7)		(79)		(57)		(48)		(4)		(6)		(6)
Acquisition of regulatory assets/
	liabilities:
		Transition obligation																		4
		Prior service cost						31												6
		Actuarial (gain) loss						303												(2)
Total recognized in OCI and
	regulatory assets/liabilities (b)			295		71		448		990		91		(35)		5		(7)		(58)

Total recognized in net periodic
	defined benefit costs, OCI and
	regulatory assets/liabilities (b)		$	436	$	192	$	516	$	1,011	$	190	$	(17)	$	32	$	23	$	(27)

(a) Related to the WPD Midlands separations in the U.K.

(b) WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP. As a result, WPD does not record regulatory assets/liabilities.

Schedule of Amounts Recognized in Other Comprehensive Income and Regulatory Assets and Liabilities

For PPL's U.S. pension benefits and for other postretirement benefits, the amounts recognized in OCI and regulatory assets/liabilities for the years ended December 31 were as follows:

		U.S. Pension Benefits							Other Postretirement Benefits
			2012		2011		2010		2012		2011		2010

OCI		$	181	$	47	$	84	$	12	$	(6)	$	(40)
Regulatory assets/liabilities			114		24		364		(7)		(1)		(18)
Total recognized in OCI and
	regulatory assets/liabilities	$	295	$	71	$	448	$	5	$	(7)	$	(58)

Schedule of Amounts to be Amortized from AOCI and Regulatory Assets/Liabilities in Next Fiscal Year

The estimated amounts to be amortized from AOCI and regulatory assets/liabilities into net periodic defined benefit costs in 2013 are as follows:

					Other
	Pension Benefits				Postretirement
	U.S.		U.K.		Benefits

Prior service cost	$	22
Actuarial loss		78	$	154	$	6
Total	$	100	$	154	$	6

Amortization from Balance Sheet:
AOCI	$	43	$	154	$	3
Regulatory assets/liabilities		57				3
Total	$	100	$	154	$	6

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

Net periodic defined benefit costs (credits) charged to operating expense, excluding amounts charged to construction and other non-expense accounts were:

	Pension Benefits
	U.S.						U.K.						Other Postretirement Benefits
	2012		2011		2010		2012		2011		2010(a)		2012		2011		2010

PPL	$	119	$	98	$	59	$	25	$	82	$	16	$	22	$	24	$	27
PPL Energy Supply		37		27		24						16		6		7		12
PPL Electric (b)		19		14		12								3		4		8

(a) As a result of PPL Energy Supply's January 2011 distribution of its membership interest in PPL Global to its parent, PPL Energy Funding, these amounts are included in "Income (Loss) from Discontinued Operations (net of income taxes)" on PPL Energy Supply's Statements of Income. See Note 9 for additional information.

(b) PPL Electric does not directly sponsor any defined benefit plans. PPL Electric was allocated these costs of defined benefit plans sponsored by PPL Services, based on its participation in those plans, which management believes are reasonable.

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31.

		Pension Benefits
		U.S.				U.K.				Other Postretirement Benefits
		2012		2011		2012		2011		2012		2011
PPL
	Discount rate		4.22%		5.06%		4.27%		5.24%		4.00%		4.80%
	Rate of compensation increase		3.98%		4.02%		4.00%		4.00%		3.97%		4.00%

PPL Energy Supply
	Discount rate		4.25%		5.12%						3.77%		4.60%
	Rate of compensation increase		3.95%		4.00%						3.95%		4.00%

The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the year ended December 31.

		Pension Benefits
		U.S.						U.K.						Other Postretirement Benefits
		2012		2011		2010		2012		2011		2010		2012		2011		2010
PPL
	Discount rate		5.06%		5.42%		5.96%		5.24%		5.59%		5.59%		4.80%		5.14%		5.47%
	Rate of compensation increase		4.02%		4.88%		4.79%		4.00%		3.75%		4.00%		4.00%		4.90%		4.78%
	Expected return on plan assets (a)		7.07%		7.25%		7.96%		7.17%		7.04%		7.91%		5.99%		6.57%		6.90%

PPL Energy Supply
	Discount rate		5.12%		5.47%		6.00%						5.59%		4.60%		4.95%		5.55%
	Rate of compensation increase		4.00%		4.75%		4.75%						4.00%		4.00%		4.75%		4.75%
	Expected return on plan assets (a)		7.00%		7.25%		8.00%						7.91%		N/A		N/A		N/A

(PPL, PPL Energy Supply, LKE and LG&E)

(a) The expected long-term rates of return for PPL's, PPL Energy Supply's, LKE's and LG&E's U.S. pension and other postretirement benefits have been developed using a best-estimate of expected returns, volatilities and correlations for each asset class. The best estimates are based on historical performance, future expectations and periodic portfolio rebalancing among the diversified asset classes. PPL management corroborates these rates with expected long-term rates of return calculated by its independent actuary, who uses a building block approach that begins with a risk-free rate of return with factors being added such as inflation, duration, credit spreads and equity risk. Each plan's specific asset allocation is also considered in developing a reasonable return assumption.

The expected long-term rates of return for PPL's U.K. pension plans have been developed by PPL management with assistance from an independent actuary using a best estimate of expected returns, volatilities and correlations for each asset class. The best estimates are based on historical performance, future expectations and periodic portfolio rebalancing among the diversified asset classes.

The following table provides the assumed health care cost trend rates for the year ended December 31:

			2012		2011		2010
PPL and PPL Energy Supply
	Health care cost trend rate assumed for next year
		- obligations		8.0%		8.5%		9.0%
		- cost		8.5%		9.0%		8.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.5%		5.5%		5.5%
		- cost		5.5%		5.5%		5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2019		2019		2019
		- cost		2019		2019		2016

A one percentage point change in the assumed health care costs trend rate assumption would have had the following effects on the other postretirement benefit plans in 2012:

		One Percentage Point
		Increase		Decrease
Effect on accumulated postretirement benefit obligation
	PPL	$	7	$	(6)
	LKE		5		(4)

Schedule of Funded Status of Defined Benefit Plans

The funded status of the PPL plans was as follows:

			Pension Benefits
			U.S.				U.K.				Other Postretirement Benefits
			2012		2011		2012		2011		2012		2011
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	4,381	$	4,007	$	6,638	$	2,841	$	687	$	667
		Service cost		103		95		54		44		12		12
		Interest cost		220		217		340		282		31		33
		Participant contributions						15		11		6		5
		Plan amendments				8						(1)		10
		Actuarial loss		546		220		1,081		257		31		6
		Acquisition (a)								3,501
		Settlements		(25)
		Termination benefits						2		50
		Net transfer in (out)						12
		Actual expenses paid		(3)
		Gross benefits paid		(176)		(166)		(397)		(309)		(46)		(47)
		Federal subsidy										2		1
		Currency conversion						143		(39)
Benefit Obligation, end of period				5,046		4,381		7,888		6,638		722		687

Change in Plan Assets
Plan assets at fair value, beginning of period				3,471		2,819		6,351		2,524		391		360
		Actual return on plan assets		432		349		476		444		42		38
		Employer contributions		239		470		341		164		27		33
		Participant contributions						15		11		5		5
		Acquisition (a)								3,567
		Settlements		(25)
		Actual expenses paid		(2)		(1)
		Gross benefits paid		(176)		(166)		(397)		(309)		(44)		(45)
		Currency conversion						125		(50)
Plan assets at fair value, end of period				3,939		3,471		6,911		6,351		421		391

Funded Status, end of period			$	(1,107)	$	(910)	$	(977)	$	(287)	$	(301)	$	(296)

Amounts recognized in the Balance
	Sheets consist of:
		Noncurrent asset							$	130
		Current liability	$	(8)	$	(29)					$	(1)	$	(1)
		Noncurrent liability		(1,099)		(881)	$	(977)		(417)		(300)		(295)
Net amount recognized, end of period			$	(1,107)	$	(910)	$	(977)	$	(287)	$	(301)	$	(296)

Amounts recognized in AOCI and
	regulatory assets/liabilities (pre-tax)
	consist of:
Transition obligation													$	2
Prior service cost (credit)			$	91	$	115	$	1	$	3	$	(7)		(5)
Net actuarial loss				1,241		922		2,184		1,191		106		97
Total (b)			$	1,332	$	1,037	$	2,185	$	1,194	$	99	$	94

Total accumulated benefit obligation
	for defined benefit pension plans		$	4,569	$	3,949	$	7,259	$	6,144

(a) Includes the pension plans of WPD Midlands, which was acquired in 2011. See Note 10 for additional information.

(b) WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP. As a result, WPD does not record regulatory assets/liabilities.

For PPL's U.S. pension and other postretirement benefit plans, the amounts recognized in AOCI and regulatory assets/liabilities at December 31 were as follows:

	U.S. Pension Benefits				Other Postretirement Benefits
	2012		2011		2012		2011

AOCI	$	659	$	481	$	59	$	56
Regulatory assets/liabilities		673		556		40		38
Total	$	1,332	$	1,037	$	99	$	94

For the U.K. pension plans of PPL WW, projected and accumulated benefit obligations were in excess of plan assets at December 31 as follows (in billions):

	2012		2011

Projected benefit obligation	$	3.6	$	3.0
Accumulated benefit obligation		3.3		2.8
Fair value of plan assets		2.8		2.6

Contributions Made to Multiemployer Plans

The table below details total contributions to all multiemployer pension and other postretirement plans, including the plan identified as significant above.

	2012		2011		2010

Pension Plans	$	31	$	36	$	26
Other Postretirement Medical Plans		28		31		23
Total Contributions	$	59	$	67	$	49

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

PPL Services Corporation Master Trust

					2012 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2012 (a)	2011		Average	PPL Plans	LKE Plans

Growth Portfolio			58%	57%		56%	55%	59%
	Equity securities		31%	31%
	Debt securities (b)		18%	17%
	Alternative investments		9%	9%
Immunizing Portfolio			41%	41%		42%	43%	38%
	Debt securities (b)		40%	40%
	Derivatives		1%	1%
Liquidity Portfolio			1%	2%		2%	2%	3%
Total			100%	100%		100%	100%	100%

(a) Allocations exclude consideration of cash for the WKE Bargaining Employees' Retirement Plan and a guaranteed annuity contract held by the LG&E and KU Retirement Plan.

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

LG&E and KU Energy LLC Pension Trusts
		Percentage		Target Asset
		of trust assets		Allocation
		2011		2011

Growth Portfolio			54%		59%
	Equity securities		33%
	Debt securities (a)		21%
Immunizing Portfolio			34%		38%
	Debt securities (a) (b)		34%
Liquidity Portfolio (b)			12%		3%
Total			100%		100%

a) Includes commingled debt funds, which LKE treats as debt securities for asset allocation purposes.

(b) The asset allocation for this portfolio was not within the established target range due to the transition of assets at the end of 2011 in anticipation of transfer into the PPL Services Corporation Master Trust in January 2012.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2012								December 31, 2011
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	84	$	84					$	78	$	78
Equity securities:
		U.S.:
			Large-cap		558		206	$	352				371		247	$	124
			Small-cap		124		124						112		112
			Commingled debt		676		56		620				458				458
		International			557		184		373				299		102		197
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		704		634		70				515		443		72
		Residential/commercial backed securities			12				11	$	1		9				9
		Corporate			874				847		27		446				439	$	7
		Other			24				23		1		10				10
		International			7				7				6				6
Alternative investments:
		Commodities			59				59
		Real estate			93				93				85				85
		Private equity			75						75		45						45
		Hedge funds			125				125				92				92
Derivatives:
		Interest rate swaps and swaptions			36				36				20				20
		Other			2				2				5				5
Insurance contracts					42						42
Receivables					55		29		26				50		31		19
Payables					(66)		(55)		(11)				(48)		(40)		(8)
Total PPL Services Corporation Master Trust assets					4,041		1,262		2,633		146		2,553		973		1,528		52
401(h) account restricted for other
	postretirement benefit obligations				(102)		(32)		(66)		(4)		(26)		(10)		(16)
Fair value - PPL Services Corporation Master
	Trust pension assets				3,939		1,230		2,567		142		2,527		963		1,512		52

(PPL, LKE and LG&E)

LG&E and KU Energy LLC Pension Trusts
Cash and cash equivalents													122		122
Equity securities:
		U.S.:
			Large-cap										220				220
			Commingled debt										65				65
		International											106		44		62
Debt securities:
		U.S. Treasury											97		97
		Corporate											342				342
Derivatives:
		Total return swaps											4				4
Insurance contracts													46						46
Total LG&E and KU Energy LLC
	Pension Trusts assets												1,002		263		693		46
401(h) account restricted for other
	postretirement benefit obligations												(58)		(13)		(45)
Fair value - LG&E and KU Energy LLC
	Pension Trusts pension assets												944		250		648		46

Fair value - total U.S. pension plans				$	3,939	$	1,230	$	2,567	$	142	$	3,471	$	1,213	$	2,160	$	98

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		Debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2011 is as follows:

				Residential/
				commercial
				backed	Corporate		Private		Insurance
				securities	debt		equity		contracts		Other	Total

Balance at beginning of period					$	6	$	10	$	47		$	63
	Actual return on plan assets
		Relating to assets still held
			at the reporting date			(4)		8		3			7
	Purchases, sales and settlements					5		27		(4)			28
Balance at end of period					$	7	$	45	$	46		$	98

Schedules of Target Allocation of U.S. Other Postretirement Benefit Plans VEBA Trust

The asset allocation for the VEBA trusts and the target allocation, by asset class, at December 31 are detailed below.

						Target Asset
		Percentage of plan assets				Allocation
		2012		2011		2012
Asset Class
U.S. Equity securities			46%		41%		45%
Debt securities (a)			51%		53%		50%
Cash and cash equivalents (b)			3%		6%		5%
	Total		100%		100%		100%

(a) Includes commingled debt funds and debt securities.

(b) Includes commingled money market fund.

Schedule of Fair Value of Financial Assets for U.S. Postretirement Benefits

The fair value of assets in the U.S. other postretirement benefit plans by asset class and level within the fair value hierarchy was:

			December 31, 2012								December 31, 2011
					Fair Value Measurement Using								Fair Value Measurement Using
			Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
U.S. Equity securities:
		Large-cap	$	145			$	145			$	126			$	126
		Commingled debt		119				119				121				121
		Commingled money market funds		13	$	13						20				20
		Municipalities		41				41				40				40
Receivables				1				1
Total VEBA trust assets				319		13		306				307				307
401(h) account assets (a)				102		32		66	$	4		84	$	23		61
Fair value - U.S. other postretirement
	benefit plans		$	421	$	45	$	372	$	4	$	391	$	23	$	368

(a) LKE's other postretirement benefit plan was invested primarily in a 401(h) account as disclosed in the PPL Services Corporation Master trust in 2012 and the LG&E and KU Energy LLC Pension Trusts in 2011.

Schedules of Asset Allocation of U.K. Pension Plan Assets

The asset allocation and target allocation at December 31 of WPD's pension plans are detailed below.

						Target Asset
		Percentage of plan assets				Allocation
		2012		2011		2012
Asset Class
Cash and cash equivalents					5%
Equity securities
	U.K.		6%		14%		6%
	European (excluding the U.K.)		14%		5%		4%
	Asian-Pacific				5%		3%
	North American				5%		5%
	Emerging markets		3%		2%		5%
	Currency		2%		1%		1%
	Global Tactical Asset Allocation		18%				18%
Debt securities (a)			51%		56%		52%
Alternative investments			6%		7%		6%
	Total		100%		100%		100%

(a) Includes commingled debt funds.

Schedule of Fair Value of Financial Assets for U.K. Pension Plan Assets

The fair value of assets in the U.K. pension plans by asset class and level within the fair value hierarchy was:

			December 31, 2012							December 31, 2011
					Fair Value Measurement Using							Fair Value Measurement Using
			Total		Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3

Cash and cash equivalents			$	14	$	14				$	313	$	313
Equity securities:
	U.K. companies			440		223	$	217			921			$	921
	European companies (excluding the U.K.)			956		720		236			313				313
	Asian-Pacific companies										312				312
	North American companies										335				335
	Emerging markets companies			231				231			116				116
	Currency			127				127			31				31
	Global Tactical Asset Allocation			1,220				1,220			25				25
	Commingled debt:
		U.K. corporate bonds		593				593			699				699
		U.K. gilts		1,664				1,664			2,109				2,109
		U.K. index-linked gilts		1,243				1,243			744				744
Alternative investments:
	Real estate			423				423			433				433
Fair value - U.K. pension plans			$	6,911	$	957	$	5,954		$	6,351	$	313	$	6,038

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid and the following federal subsidy payments are expected to be received by the separate plan trusts.

			Other Postretirement
					Expected
			Benefit		Federal
		Pension	Payment		Subsidy

2013	$	196	$	49	$	1
2014		206		53		1
2015		219		55		1
2016		232		58		1
2017		249		60		1
2018-2022		1,475		333		3

Schedule of Expected Cash Flows - U.K. Pension Plans - Expected Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the separate plan trusts.

	Pension

2013	$	379
2014		385
2015		393
2016		400
2017		406
2018-2022		2,141

Expected Employer Contributions to U.S. Savings Plans

Substantially all employees of PPL's domestic subsidiaries are eligible to participate in deferred savings plans (401(k)s). Employer contributions to the plans were:

	2012		2011		2010

PPL	$	36	$	31	$	23
PPL Energy Supply		12		11		10
PPL Electric		5		5		4

	Successor						Predecessor
					Two Months		Ten Months
	Year Ended		Year Ended		Ended		Ended
	December 31,		December 31,		December 31,		October 31,
	2012		2011		2010		2010

LKE	$	12	$	11	$	2	$	9
LG&E		6		5		1		4
KU		6		6		1		4

PPL Energy Supply LLC [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

(PPL Energy Supply)
			Pension Benefits
			U.S.						U.K. (a)				Other Postretirement Benefits
			2012		2011		2010		2012	2011	2010		2012		2011		2010
PPL Energy Supply
Net periodic defined benefit costs
(credits):
Service cost			$	6	$	5	$	4			$	17	$	1	$	1	$	1
Interest cost				7		7		7				151		1		1		1
Expected return on plan assets				(9)		(9)		(7)				(202)
Amortization of:
		Prior service cost										4
		Actuarial (gain) loss		2		2		2				48
Net periodic defined benefit costs
	(credits) prior to settlement charges			6		5		6				18		2		2		2
Net periodic defined benefit costs
	(credits)		$	6	$	5	$	6			$	18	$	2	$	2	$	2

Other Changes in Plan Assets
	and Benefit Obligations
	Recognized in OCI:
Current year net (gain) loss			$	16	$	7	$	4			$	17			$	(2)
Current year prior service credit													$	(1)
Amortization of:
		Prior service cost										(4)
		Actuarial gain (loss)		(2)		(2)		(2)				(48)
Total recognized in OCI				14		5		2				(35)		(1)		(2)

Total recognized in net periodic
	defined benefit costs and OCI		$	20	$	10	$	8			$	(17)	$	1	$		$	2

(a) In January 2011, PPL Energy Supply distributed its membership interest in PPL Global to PPL Energy Supply's parent. See Note 9 for additional information.

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

Net periodic defined benefit costs (credits) charged to operating expense, excluding amounts charged to construction and other non-expense accounts were:

	Pension Benefits
	U.S.						U.K.						Other Postretirement Benefits
	2012		2011		2010		2012		2011		2010(a)		2012		2011		2010

PPL	$	119	$	98	$	59	$	25	$	82	$	16	$	22	$	24	$	27
PPL Energy Supply		37		27		24						16		6		7		12
PPL Electric (b)		19		14		12								3		4		8

In the table above, for PPL Energy Supply, amounts include costs for the specific plans it sponsors and the following allocated costs of defined benefit plans sponsored by PPL Services, based on PPL Energy Supply's participation in those plans, which management believes are reasonable:

	Pension Benefits							Other Postretirement Benefits
		2012		2011		2010		2012		2011		2010

PPL Energy Supply	$	31	$	23	$	19	$	5	$	6	$	10

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31.

		Pension Benefits
		U.S.				U.K.				Other Postretirement Benefits
		2012		2011		2012		2011		2012		2011
PPL
	Discount rate		4.22%		5.06%		4.27%		5.24%		4.00%		4.80%
	Rate of compensation increase		3.98%		4.02%		4.00%		4.00%		3.97%		4.00%

PPL Energy Supply
	Discount rate		4.25%		5.12%						3.77%		4.60%
	Rate of compensation increase		3.95%		4.00%						3.95%		4.00%

The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the year ended December 31.

		Pension Benefits
		U.S.						U.K.						Other Postretirement Benefits
		2012		2011		2010		2012		2011		2010		2012		2011		2010
PPL
	Discount rate		5.06%		5.42%		5.96%		5.24%		5.59%		5.59%		4.80%		5.14%		5.47%
	Rate of compensation increase		4.02%		4.88%		4.79%		4.00%		3.75%		4.00%		4.00%		4.90%		4.78%
	Expected return on plan assets (a)		7.07%		7.25%		7.96%		7.17%		7.04%		7.91%		5.99%		6.57%		6.90%

PPL Energy Supply
	Discount rate		5.12%		5.47%		6.00%						5.59%		4.60%		4.95%		5.55%
	Rate of compensation increase		4.00%		4.75%		4.75%						4.00%		4.00%		4.75%		4.75%
	Expected return on plan assets (a)		7.00%		7.25%		8.00%						7.91%		N/A		N/A		N/A

(PPL, PPL Energy Supply, LKE and LG&E)

The following table provides the assumed health care cost trend rates for the year ended December 31:

			2012		2011		2010
PPL and PPL Energy Supply
	Health care cost trend rate assumed for next year
		- obligations		8.0%		8.5%		9.0%
		- cost		8.5%		9.0%		8.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.5%		5.5%		5.5%
		- cost		5.5%		5.5%		5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2019		2019		2019
		- cost		2019		2019		2016

Schedule of Funded Status of Defined Benefit Plans

(PPL Energy Supply)

The funded status of the PPL Energy Supply plans were as follows:

			Pension Benefits
			U.S.				U.K.			Other Postretirement Benefits
			2012		2011		2012	2011		2012		2011
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	143	$	121		$	2,841	$	17	$	18
		Service cost		6		5					1		1
		Interest cost		7		7					1		1
		Plan amendments									(1)
		Actuarial loss		23		13							(2)
		Distribution to parent (a)							(2,841)
		Actual expenses paid											(1)
		Gross benefits paid		(3)		(3)					(1)
Benefit Obligation, end of period				176		143					17		17

Change in Plan Assets
Plan assets at fair value, beginning of
	period			132		106			2,524
		Actual return on plan assets		16		14
		Employer contributions		4		15
		Distribution to parent (a)							(2,524)
		Gross benefits paid		(3)		(3)
Plan assets at fair value, end of period				149		132

Funded Status, end of period			$	(27)	$	(11)		$		$	(17)	$	(17)

Amounts recognized in the Balance
	Sheets consist of:
		Current liability								$	(1)	$	(1)
		Noncurrent liability	$	(27)	$	(11)					(16)		(16)
Net amount recognized, end of period			$	(27)	$	(11)				$	(17)	$	(17)

Amounts recognized in AOCI
	(pre-tax) consist of:
Prior service cost (credit)					$	1				$	(1)
Net actuarial loss			$	52		38					2	$	2
Total			$	52	$	39				$	1	$	2

Total accumulated benefit obligation
	for defined benefit pension plans		$	176	$	143

(a) As a result of PPL Energy Supply's January 2011 distribution of its membership interest in PPL Global to its parent, PPL Energy Funding, the funded status and AOCI were removed from the balance sheet in January 2011. See Note 9 for additional information.

Allocations to PPL Energy Supply resulted in liabilities at December 31 as follows:

Contributions Made to Multiemployer Plans

The table below details total contributions to all multiemployer pension and other postretirement plans, including the plan identified as significant above.

	2012		2011		2010

Pension Plans	$	31	$	36	$	26
Other Postretirement Medical Plans		28		31		23
Total Contributions	$	59	$	67	$	49

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

PPL Services Corporation Master Trust

					2012 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2012 (a)	2011		Average	PPL Plans	LKE Plans

Growth Portfolio			58%	57%		56%	55%	59%
	Equity securities		31%	31%
	Debt securities (b)		18%	17%
	Alternative investments		9%	9%
Immunizing Portfolio			41%	41%		42%	43%	38%
	Debt securities (b)		40%	40%
	Derivatives		1%	1%
Liquidity Portfolio			1%	2%		2%	2%	3%
Total			100%	100%		100%	100%	100%

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2012								December 31, 2011
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	84	$	84					$	78	$	78
Equity securities:
		U.S.:
			Large-cap		558		206	$	352				371		247	$	124
			Small-cap		124		124						112		112
			Commingled debt		676		56		620				458				458
		International			557		184		373				299		102		197
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		704		634		70				515		443		72
		Residential/commercial backed securities			12				11	$	1		9				9
		Corporate			874				847		27		446				439	$	7
		Other			24				23		1		10				10
		International			7				7				6				6
Alternative investments:
		Commodities			59				59
		Real estate			93				93				85				85
		Private equity			75						75		45						45
		Hedge funds			125				125				92				92
Derivatives:
		Interest rate swaps and swaptions			36				36				20				20
		Other			2				2				5				5
Insurance contracts					42						42
Receivables					55		29		26				50		31		19
Payables					(66)		(55)		(11)				(48)		(40)		(8)
Total PPL Services Corporation Master Trust assets					4,041		1,262		2,633		146		2,553		973		1,528		52
401(h) account restricted for other
	postretirement benefit obligations				(102)		(32)		(66)		(4)		(26)		(10)		(16)
Fair value - PPL Services Corporation Master
	Trust pension assets				3,939		1,230		2,567		142		2,527		963		1,512		52

(PPL, LKE and LG&E)

LG&E and KU Energy LLC Pension Trusts
Cash and cash equivalents													122		122
Equity securities:
		U.S.:
			Large-cap										220				220
			Commingled debt										65				65
		International											106		44		62
Debt securities:
		U.S. Treasury											97		97
		Corporate											342				342
Derivatives:
		Total return swaps											4				4
Insurance contracts													46						46
Total LG&E and KU Energy LLC
	Pension Trusts assets												1,002		263		693		46
401(h) account restricted for other
	postretirement benefit obligations												(58)		(13)		(45)
Fair value - LG&E and KU Energy LLC
	Pension Trusts pension assets												944		250		648		46

Fair value - total U.S. pension plans				$	3,939	$	1,230	$	2,567	$	142	$	3,471	$	1,213	$	2,160	$	98

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		Debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2011 is as follows:

				Residential/
				commercial
				backed	Corporate		Private		Insurance
				securities	debt		equity		contracts		Other	Total

Balance at beginning of period					$	6	$	10	$	47		$	63
	Actual return on plan assets
		Relating to assets still held
			at the reporting date			(4)		8		3			7
	Purchases, sales and settlements					5		27		(4)			28
Balance at end of period					$	7	$	45	$	46		$	98

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the separate plan trusts.

			Other
	Pension		Postretirement

2013	$	4	$	1
2014		5		2
2015		6		2
2016		6		2
2017		7		2
2018-2022		48		12

PPL Electric Utilities Corp [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

Net periodic defined benefit costs (credits) charged to operating expense, excluding amounts charged to construction and other non-expense accounts were:

	Pension Benefits
	U.S.						U.K.						Other Postretirement Benefits
	2012		2011		2010		2012		2011		2010(a)		2012		2011		2010

PPL	$	119	$	98	$	59	$	25	$	82	$	16	$	22	$	24	$	27
PPL Energy Supply		37		27		24						16		6		7		12
PPL Electric (b)		19		14		12								3		4		8

Schedule of Funded Status of Defined Benefit Plans

Allocations to PPL Electric resulted in liabilities at December 31 as follows:

LG And E And KU Energy LLC [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following table provides the components of net periodic defined benefit costs for LKE's pension and other postretirement benefit plans for the years ended December 31, 2012, and 2011, and November 1, 2010 through December 31, 2010, for the Successor and January 1, 2010 through October 31, 2010, for the Predecessor.

			Pension Benefits								Other Postretirement Benefits
			Successor						Predecessor		Successor						Predecessor
			2012		2011		2010		2010		2012		2011		2010		2010
LKE
Net periodic defined benefit costs
	(credits):
Service cost			$	22	$	24	$	4	$	17	$	4	$	4	$	1	$	3
Interest cost				64		67		11		54		9		10		1		9
Expected return on plan assets				(70)		(64)		(9)		(45)		(4)		(3)				(2)
Amortization of:
		Transition obligation										2		2				1
		Prior service cost		5		5		1		7		3		2				2
		Actuarial (gain) loss		22		24		5		16		(1)
Net periodic defined benefit costs			$	43	$	56	$	12	$	49	$	13	$	15	$	2	$	13

Other Changes in Plan Assets
	and Benefit Obligations
	Recognized in OCI and
	Regulatory Assets/Liabilities -
	Gross:
Current year net (gain) loss			$	96	$	29	$	(22)	$	96	$	(11)	$	(3)	$	(2)	$	3
Current year prior service cost						8								11
Amortization of:
		Transition obligation										(2)		(2)				(2)
		Prior service cost		(5)		(5)		(1)		(7)		(3)		(2)				(1)
		Actuarial gain (loss)		(22)		(24)		(5)		(16)		1
Total recognized in OCI and
	regulatory assets/liabilities			69		8		(28)		73		(15)		4		(2)

Total recognized in net periodic
	defined benefit costs, OCI and regulatory
	assets/liabilities		$	112	$	64	$	(16)	$	122	$	(2)	$	19	$		$	13

Schedule of Amounts Recognized in Other Comprehensive Income and Regulatory Assets and Liabilities

For LKE's pension and other postretirement benefits, the amounts recognized in OCI and regulatory assets/liabilities are as follows at December 31, 2012, 2011 and 2010 for the Successor, and at October 31, 2010 for the Predecessor.

		Pension Benefits								Other Postretirement Benefits
		Successor						Predecessor		Successor						Predecessor
		2012		2011		2010		2010		2012		2011		2010		2010


OCI		$	34	$	1	$	(8)	$	32	$	(1)	$	2	$	(1)	$	(1)
Regulatory assets/liabilities			35		7		(20)		41		(14)		2		(1)		1
Total recognized in OCI and
	regulatory assets/liabilities	$	69	$	8	$	(28)	$	73	$	(15)	$	4	$	(2)	$

Schedule of Amounts to be Amortized from AOCI and Regulatory Assets/Liabilities in Next Fiscal Year

The estimated amounts to be amortized from AOCI and regulatory assets/liabilities into net periodic defined benefit costs for LKE in 2013 are as follows.

			Other
	Pension		Postretirement
	Benefits		Benefits

Prior service cost	$	5	$	3
Actuarial loss		31		(1)
Total	$	36	$	2

Amortization from Balance Sheet:
Regulatory assets/liabilities	$	36	$	2
Total	$	36	$	2

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

The following table provides net periodic defined benefit costs charged to operating expense for the years ended December 31, 2012, and 2011, and November 1, 2010 through December 31, 2010, for the Successor and January 1, 2010 through October 31, 2010, for the Predecessor.

	Pension Benefits								Other Postretirement Benefits
	Successor						Predecessor		Successor						Predecessor
	2012		2011		2010		2010		2012		2011		2010		2010

LKE	$	31	$	40	$	9	$	37	$	9	$	11	$	2	$	9
LG&E		13		16		3		12		5		5		1		4
KU (a)		8		10		2		8		3		4		1		3

(a) KU does not directly sponsor any defined benefit plans. KU was allocated these costs of defined benefit plans sponsored by LKE, based on its participation in those plans, which management believes are reasonable.

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following table provides the weighted-average assumptions used in the valuation of the benefit obligations at December 31.


		Pension Benefits				Other Postretirement Benefits
		2012		2011		2012		2011
LKE
	Discount rate		4.24%		5.08%		3.99%		4.78%
	Rate of compensation increase		4.00%		4.00%		4.00%		4.00%
LG&E
	Discount rate		4.20%		5.00%
	Rate of compensation increase		N/A		N/A

The following table provides the weighted-average assumptions used to determine the net periodic defined benefit costs for the years ended December 31, 2012, and 2011, and November 1, 2010 through December 31, 2010, for the Successor and January 1, 2010 through October 31, 2010, for the Predecessor.

		Pension Benefits								Other Postretirement Benefits
		Successor						Predecessor		Successor						Predecessor
		2012		2011		2010		2010		2012		2011		2010		2010
LKE
	Discount rate		5.09%		5.49%		5.40%		6.11%		4.78%		5.12%		4.94%		5.82%
	Rate of compensation increase		4.00%		5.25%		5.25%		5.25%		4.00%		5.25%		5.25%		5.25%
	Expected return on plan assets (a)		7.25%		7.25%		7.25%		7.75%		7.02%		7.16%		7.04%		7.20%
LG&E
	Discount rate		5.00%		5.39%		5.28%		6.08%
	Rate of compensation increase		N/A		N/A		N/A		N/A
	Expected return on plan assets (a)		7.25%		7.25%		7.25%		7.75%

(PPL, PPL Energy Supply, LKE and LG&E)

The following table provides the assumed health care cost trend rates for the years ended December 31, 2012, 2011 and November 1, 2010 through December 31, 2010, for the Successor and January 1, 2010 through October 31, 2010, for the Predecessor.

			Successor						Predecessor
			2012		2011		2010		2010
LKE
	Health care cost trend rate assumed for next year
		- obligations		8.0%		8.5%		9.0%		7.8%
		- cost		8.5%		9.0%		9.0%		8.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.5%		5.5%		5.5%		4.5%
		- cost		5.5%		5.5%		5.5%		4.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2019		2019		2019		2029
		- cost		2019		2019		2019		2029

A one percentage point change in the assumed health care costs trend rate assumption would have had the following effects on the other postretirement benefit plans in 2012:

		One Percentage Point
		Increase		Decrease
Effect on accumulated postretirement benefit obligation
	PPL	$	7	$	(6)
	LKE		5		(4)

Schedule of Funded Status of Defined Benefit Plans

The funded status of the LKE plans was as follows.

			Pension Benefits				Other Postretirement Benefits
			2012		2011		2012		2011
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	1,306	$	1,229	$	214	$	204
		Service cost		22		24		4		4
		Interest cost		63		67		9		10
		Plan amendments				9				10
		Actuarial loss (gain)		144		25		(8)		(3)
		Gross benefits paid		(48)		(48)		(11)		(12)
		Federal subsidy						1		1
Benefit Obligation, end of period				1,487		1,306		209		214

Change in Plan Assets
Plan assets at fair value, beginning of period				944		778		58		49
		Actual return on plan assets		117		62		8		3
		Employer contributions		57		152		13		18
		Gross benefits paid		(48)		(48)		(11)		(12)
Plan assets at fair value, end of period				1,070		944		68		58

Funded Status, end of period			$	(417)	$	(362)	$	(141)	$	(156)

Amounts recognized in the Balance
	Sheets consist of:
		Current liability	$	(3)	$	(3)
		Noncurrent liability		(414)		(359)	$	(141)	$	(156)
Net amount recognized, end of period			$	(417)	$	(362)	$	(141)	$	(156)

Amounts recognized in AOCI and
	regulatory assets/liabilities (pre-tax)
	consist of:
Transition obligation									$	2
Prior service cost			$	28	$	34	$	11		14
Net actuarial (gain) loss				355		280		(17)		(7)
Total			$	383	$	314	$	(6)	$	9

Total accumulated benefit obligation
	for defined benefit pension plans		$	1,319	$	1,141

At December 31, the amounts recognized in AOCI and regulatory assets/liabilities are as follows.

	Pension Benefits				Other Postretirement Benefits
	2012		2011		2012		2011

AOCI	$	27	$	(7)			$	1
Regulatory assets/liabilities		356		321	$	(6)		8
Total	$	383	$	314	$	(6)	$	9

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

PPL Services Corporation Master Trust

					2012 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2012 (a)	2011		Average	PPL Plans	LKE Plans

Growth Portfolio			58%	57%		56%	55%	59%
	Equity securities		31%	31%
	Debt securities (b)		18%	17%
	Alternative investments		9%	9%
Immunizing Portfolio			41%	41%		42%	43%	38%
	Debt securities (b)		40%	40%
	Derivatives		1%	1%
Liquidity Portfolio			1%	2%		2%	2%	3%
Total			100%	100%		100%	100%	100%

(a) Allocations exclude consideration of cash for the WKE Bargaining Employees' Retirement Plan and a guaranteed annuity contract held by the LG&E and KU Retirement Plan.

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

LG&E and KU Energy LLC Pension Trusts
		Percentage		Target Asset
		of trust assets		Allocation
		2011		2011

Growth Portfolio			54%		59%
	Equity securities		33%
	Debt securities (a)		21%
Immunizing Portfolio			34%		38%
	Debt securities (a) (b)		34%
Liquidity Portfolio (b)			12%		3%
Total			100%		100%

(a) Includes commingled debt funds, which LKE treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2012								December 31, 2011
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	84	$	84					$	78	$	78
Equity securities:
		U.S.:
			Large-cap		558		206	$	352				371		247	$	124
			Small-cap		124		124						112		112
			Commingled debt		676		56		620				458				458
		International			557		184		373				299		102		197
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		704		634		70				515		443		72
		Residential/commercial backed securities			12				11	$	1		9				9
		Corporate			874				847		27		446				439	$	7
		Other			24				23		1		10				10
		International			7				7				6				6
Alternative investments:
		Commodities			59				59
		Real estate			93				93				85				85
		Private equity			75						75		45						45
		Hedge funds			125				125				92				92
Derivatives:
		Interest rate swaps and swaptions			36				36				20				20
		Other			2				2				5				5
Insurance contracts					42						42
Receivables					55		29		26				50		31		19
Payables					(66)		(55)		(11)				(48)		(40)		(8)
Total PPL Services Corporation Master Trust assets					4,041		1,262		2,633		146		2,553		973		1,528		52
401(h) account restricted for other
	postretirement benefit obligations				(102)		(32)		(66)		(4)		(26)		(10)		(16)
Fair value - PPL Services Corporation Master
	Trust pension assets				3,939		1,230		2,567		142		2,527		963		1,512		52

(PPL, LKE and LG&E)

LG&E and KU Energy LLC Pension Trusts
Cash and cash equivalents													122		122
Equity securities:
		U.S.:
			Large-cap										220				220
			Commingled debt										65				65
		International											106		44		62
Debt securities:
		U.S. Treasury											97		97
		Corporate											342				342
Derivatives:
		Total return swaps											4				4
Insurance contracts													46						46
Total LG&E and KU Energy LLC
	Pension Trusts assets												1,002		263		693		46
401(h) account restricted for other
	postretirement benefit obligations												(58)		(13)		(45)
Fair value - LG&E and KU Energy LLC
	Pension Trusts pension assets												944		250		648		46

Fair value - total U.S. pension plans				$	3,939	$	1,230	$	2,567	$	142	$	3,471	$	1,213	$	2,160	$	98

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		Debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2011 is as follows:

				Residential/
				commercial
				backed	Corporate		Private		Insurance
				securities	debt		equity		contracts		Other	Total

Balance at beginning of period					$	6	$	10	$	47		$	63
	Actual return on plan assets
		Relating to assets still held
			at the reporting date			(4)		8		3			7
	Purchases, sales and settlements					5		27		(4)			28
Balance at end of period					$	7	$	45	$	46		$	98

Schedules of Target Allocation of U.S. Other Postretirement Benefit Plans VEBA Trust

The asset allocation for the VEBA trusts and the target allocation, by asset class, at December 31 are detailed below.

						Target Asset
		Percentage of plan assets				Allocation
		2012		2011		2012
Asset Class
U.S. Equity securities			46%		41%		45%
Debt securities (a)			51%		53%		50%
Cash and cash equivalents (b)			3%		6%		5%
	Total		100%		100%		100%

(a) Includes commingled debt funds and debt securities.

(b) Includes commingled money market fund.

Schedule of Fair Value of Financial Assets for U.S. Postretirement Benefits

The fair value of assets in the U.S. other postretirement benefit plans by asset class and level within the fair value hierarchy was:

			December 31, 2012								December 31, 2011
					Fair Value Measurement Using								Fair Value Measurement Using
			Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
U.S. Equity securities:
		Large-cap	$	145			$	145			$	126			$	126
		Commingled debt		119				119				121				121
		Commingled money market funds		13	$	13						20				20
		Municipalities		41				41				40				40
Receivables				1				1
Total VEBA trust assets				319		13		306				307				307
401(h) account assets (a)				102		32		66	$	4		84	$	23		61
Fair value - U.S. other postretirement
	benefit plans		$	421	$	45	$	372	$	4	$	391	$	23	$	368

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

			Other Postretirement
					Expected
			Benefit		Federal
		Pension	Payment		Subsidy

2013	$	55	$	13	$	1
2014		55		13
2015		58		14		1
2016		60		14
2017		65		14		1
2018 - 2022		399		77		2

Louisville Gas And Electric Co [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following table provides the components of net periodic defined benefit costs for LG&E's pension benefit plan for the years ended December 31, 2012 and 2011, and November 1, 2010 through December 31, 2010, for the Successor and January 1, 2010 through October 31, 2010, for the Predecessor.

			Pension Benefits
			Successor						Predecessor
			2012		2011		2010		2010
LG&E
Net periodic defined benefit costs (credits):
Service cost			$	2	$	2			$	1
Interest cost				14		14	$	2		12
Expected return on plan assets				(19)		(18)		(3)		(13)
Amortization of:
		Prior service cost		3		2		1		2
		Actuarial loss		11		11		2		6
Net periodic defined benefit costs			$	11	$	11	$	2	$	8

Other Changes in Plan Assets and Benefit Obligations
	Recognized in Regulatory Assets - Gross:
Current year net (gain) loss			$	18	$	15	$	(5)	$	18
Current year prior service cost						9
Amortization of:
		Prior service cost		(2)		(2)				(2)
		Actuarial (loss)		(11)		(11)		(2)		(6)
Total recognized in regulatory assets				5		11		(7)		10

Total recognized in net periodic defined benefit costs and regulatory assets			$	16	$	22	$	(5)	$	18

Schedule of Amounts to be Amortized from AOCI and Regulatory Assets/Liabilities in Next Fiscal Year

The estimated amounts to be amortized from regulatory assets into net periodic defined benefit costs for LG&E in 2013 are as follows.

	Pension
	Benefits

Prior service cost	$	2
Actuarial loss		13
Total	$	15

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

	Pension Benefits								Other Postretirement Benefits
	Successor						Predecessor		Successor						Predecessor
	2012		2011		2010		2010		2012		2011		2010		2010

LKE	$	31	$	40	$	9	$	37	$	9	$	11	$	2	$	9
LG&E		13		16		3		12		5		5		1		4
KU (a)		8		10		2		8		3		4		1		3

In the table above, for LG&E, amounts include costs for the specific plans it sponsors and the following allocated costs of defined benefit plans sponsored by LKE, based on its participation in those plans, which management believes are reasonable.

	Pension Benefits								Other Postretirement Benefits
	Successor						Predecessor		Successor						Predecessor
	2012		2011		2010		2010		2012		2011		2010		2010

LG&E	$	5	$	7	$	1	$	6	$	2	$	5	$	1	$	4

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following table provides the weighted-average assumptions used in the valuation of the benefit obligations at December 31.


		Pension Benefits				Other Postretirement Benefits
		2012		2011		2012		2011
LKE
	Discount rate		4.24%		5.08%		3.99%		4.78%
	Rate of compensation increase		4.00%		4.00%		4.00%		4.00%
LG&E
	Discount rate		4.20%		5.00%
	Rate of compensation increase		N/A		N/A

		Pension Benefits								Other Postretirement Benefits
		Successor						Predecessor		Successor						Predecessor
		2012		2011		2010		2010		2012		2011		2010		2010
LKE
	Discount rate		5.09%		5.49%		5.40%		6.11%		4.78%		5.12%		4.94%		5.82%
	Rate of compensation increase		4.00%		5.25%		5.25%		5.25%		4.00%		5.25%		5.25%		5.25%
	Expected return on plan assets (a)		7.25%		7.25%		7.25%		7.75%		7.02%		7.16%		7.04%		7.20%
LG&E
	Discount rate		5.00%		5.39%		5.28%		6.08%
	Rate of compensation increase		N/A		N/A		N/A		N/A
	Expected return on plan assets (a)		7.25%		7.25%		7.25%		7.75%

(PPL, PPL Energy Supply, LKE and LG&E)

Schedule of Funded Status of Defined Benefit Plans

The funded status of the LG&E plan was as follows.

			Pension Benefits
			2012		2011
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	298	$	274
		Service cost		1		2
		Interest cost		14		14
		Plan amendments				9
		Actuarial loss		32		14
		Gross benefits paid		(14)		(15)
Benefit Obligation, end of period				331		298

Change in Plan Assets
Plan assets at fair value, beginning of period				256		217
		Actual return on plan assets		32		16
		Employer contributions		13		38
		Gross benefits paid		(14)		(15)
Plan assets at fair value, end of period				287		256

Funded Status, end of period			$	(44)	$	(42)

Amounts recognized in the Balance Sheets consist of:
		Noncurrent liability	$	(44)	$	(42)
Net amount recognized, end of period			$	(44)	$	(42)

Amounts recognized in regulatory assets (pre-tax)
	consist of:
Prior service cost			$	17	$	20
Net actuarial loss				123		115
Total			$	140	$	135

Total accumulated benefit obligation for defined benefit pension plan			$	328	$	292

Allocations to LG&E resulted in liabilities at December 31 as follows.

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

PPL Services Corporation Master Trust

					2012 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2012 (a)	2011		Average	PPL Plans	LKE Plans

Growth Portfolio			58%	57%		56%	55%	59%
	Equity securities		31%	31%
	Debt securities (b)		18%	17%
	Alternative investments		9%	9%
Immunizing Portfolio			41%	41%		42%	43%	38%
	Debt securities (b)		40%	40%
	Derivatives		1%	1%
Liquidity Portfolio			1%	2%		2%	2%	3%
Total			100%	100%		100%	100%	100%

(a) Allocations exclude consideration of cash for the WKE Bargaining Employees' Retirement Plan and a guaranteed annuity contract held by the LG&E and KU Retirement Plan.

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

LG&E and KU Energy LLC Pension Trusts
		Percentage		Target Asset
		of trust assets		Allocation
		2011		2011

Growth Portfolio			54%		59%
	Equity securities		33%
	Debt securities (a)		21%
Immunizing Portfolio			34%		38%
	Debt securities (a) (b)		34%
Liquidity Portfolio (b)			12%		3%
Total			100%		100%

(a) Includes commingled debt funds, which LKE treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2012								December 31, 2011
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	84	$	84					$	78	$	78
Equity securities:
		U.S.:
			Large-cap		558		206	$	352				371		247	$	124
			Small-cap		124		124						112		112
			Commingled debt		676		56		620				458				458
		International			557		184		373				299		102		197
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		704		634		70				515		443		72
		Residential/commercial backed securities			12				11	$	1		9				9
		Corporate			874				847		27		446				439	$	7
		Other			24				23		1		10				10
		International			7				7				6				6
Alternative investments:
		Commodities			59				59
		Real estate			93				93				85				85
		Private equity			75						75		45						45
		Hedge funds			125				125				92				92
Derivatives:
		Interest rate swaps and swaptions			36				36				20				20
		Other			2				2				5				5
Insurance contracts					42						42
Receivables					55		29		26				50		31		19
Payables					(66)		(55)		(11)				(48)		(40)		(8)
Total PPL Services Corporation Master Trust assets					4,041		1,262		2,633		146		2,553		973		1,528		52
401(h) account restricted for other
	postretirement benefit obligations				(102)		(32)		(66)		(4)		(26)		(10)		(16)
Fair value - PPL Services Corporation Master
	Trust pension assets				3,939		1,230		2,567		142		2,527		963		1,512		52

(PPL, LKE and LG&E)

LG&E and KU Energy LLC Pension Trusts
Cash and cash equivalents													122		122
Equity securities:
		U.S.:
			Large-cap										220				220
			Commingled debt										65				65
		International											106		44		62
Debt securities:
		U.S. Treasury											97		97
		Corporate											342				342
Derivatives:
		Total return swaps											4				4
Insurance contracts													46						46
Total LG&E and KU Energy LLC
	Pension Trusts assets												1,002		263		693		46
401(h) account restricted for other
	postretirement benefit obligations												(58)		(13)		(45)
Fair value - LG&E and KU Energy LLC
	Pension Trusts pension assets												944		250		648		46

Fair value - total U.S. pension plans				$	3,939	$	1,230	$	2,567	$	142	$	3,471	$	1,213	$	2,160	$	98

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		Debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2011 is as follows:

				Residential/
				commercial
				backed	Corporate		Private		Insurance
				securities	debt		equity		contracts		Other	Total

Balance at beginning of period					$	6	$	10	$	47		$	63
	Actual return on plan assets
		Relating to assets still held
			at the reporting date			(4)		8		3			7
	Purchases, sales and settlements					5		27		(4)			28
Balance at end of period					$	7	$	45	$	46		$	98

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the separate plan trust.

		Pension

2013	$	15
2014		15
2015		15
2016		16
2017		16
2018 - 2022		95

Kentucky Utilities Co [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

	Pension Benefits								Other Postretirement Benefits
	Successor						Predecessor		Successor						Predecessor
	2012		2011		2010		2010		2012		2011		2010		2010

LKE	$	31	$	40	$	9	$	37	$	9	$	11	$	2	$	9
LG&E		13		16		3		12		5		5		1		4
KU (a)		8		10		2		8		3		4		1		3

Schedule of Funded Status of Defined Benefit Plans

Allocations to KU resulted in liabilities at December 31 as follows.

Funded status of the pension plans

Other postretirement benefits