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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and cash equivalents $ 853 $ 901
Restricted cash and cash equivalents 119 54
Accounts receivable (less reserve:)    
Customer 936 745
Other 60 79
Unbilled revenues 708 857
Fuel, materials and supplies 616 673
Prepayments 281 166
Price risk management assets 1,284 1,525
Regulatory assets 37 19
Other current assets 95 49
Total Current Assets 4,989 5,068
Investments    
Nuclear plant decommissioning trust funds 764 712
Other investments 48 47
Total Investments 812 759
Property, Plant and Equipment    
Regulated utility plant 25,054 25,196
Less: accumulated depreciation - regulated utility plant 4,258 4,164
Regulated utility plant, net 20,796 21,032
Non-regulated property, plant and equipment    
Generation 11,545 11,295
Nuclear fuel 666 524
Other 737 726
Less: accumulated depreciation - non-regulated property, plant and equipment 6,039 5,942
Non-regulated property, plant and equipment, net 6,909 6,603
Construction work in progress 2,270 2,397
Property, Plant and Equipment, net 29,975 [1] 30,032 [1]
Other Noncurrent Assets    
Regulatory assets 1,464 1,483
Goodwill 3,995 4,158
Other intangibles 910 [1] 925 [1]
Price risk management assets 598 572
Other noncurrent assets 598 637
Total Other Noncurrent Assets 7,565 7,775
Total Assets 43,341 43,634
Current Liabilities    
Short-term debt 1,061 652
Long-term debt due within one year 751 751
Accounts payable 1,071 1,252
Taxes 138 90
Interest 352 325
Dividends 215 210
Price risk management liabilities 972 1,065
Regulatory liabilities 61 61
Other current liabilities 1,029 1,219
Total Current Liabilities 5,650 5,625
Long-term Debt 18,881 18,725
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,577 3,387
Investment tax credits 340 328
Price risk management liabilities 533 629
Accrued pension obligations 1,596 2,076
Asset retirement obligations 540 536
Regulatory liabilities 1,016 1,010
Other deferred credits and noncurrent liabilities 666 820
Total Deferred Credits and Other Noncurrent Liabilities 8,268 8,786
Commitments and Contingent Liabilities      
Equity    
Common stock 6 [2] 6 [2]
Additional paid-in capital 6,988 6,936
Earnings reinvested 5,676 5,478
Accumulated other comprehensive income (loss) (2,146) (1,940)
Total Stockholders' Equity 10,524 10,480
Noncontrolling Interests 18 18
Total Equity 10,542 10,498
Total Liabilities and Equity 43,341 43,634
PPL Energy Supply LLC [Member]
   
Current Assets    
Cash and cash equivalents 147 413
Restricted cash and cash equivalents 105 46
Accounts receivable (less reserve:)    
Customer 209 183
Other 37 31
Unbilled revenues 246 369
Accounts receivable from affiliates 56 125
Fuel, materials and supplies 316 327
Prepayments 119 15
Price risk management assets 1,194 1,511
Other current assets 21 10
Total Current Assets 2,450 3,030
Investments    
Nuclear plant decommissioning trust funds 764 712
Other investments 42 41
Total Investments 806 753
Non-regulated property, plant and equipment    
Generation 11,555 11,305
Nuclear fuel 666 524
Other 295 294
Less: accumulated depreciation - non-regulated property, plant and equipment 5,908 5,817
Non-regulated property, plant and equipment, net 6,608 6,306
Construction work in progress 659 987
Property, Plant and Equipment, net 7,267 [1] 7,293 [1]
Other Noncurrent Assets    
Goodwill 86 86
Other intangibles 255 [1] 252 [1]
Price risk management assets 482 557
Other noncurrent assets 361 404
Total Other Noncurrent Assets 1,184 1,299
Total Assets 11,707 12,375
Current Liabilities    
Short-term debt 481 356
Long-term debt due within one year 741 751
Accounts payable 344 438
Accounts payable to affiliates 25 31
Taxes 31 62
Interest 57 31
Price risk management liabilities 951 1,010
Deferred income taxes 59 158
Other current liabilities 251 319
Total Current Liabilities 2,940 3,156
Long-term Debt 2,523 2,521
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,311 1,232
Investment tax credits 200 186
Price risk management liabilities 481 556
Accrued pension obligations 193 293
Asset retirement obligations 370 365
Other deferred credits and noncurrent liabilities 195 218
Total Deferred Credits and Other Noncurrent Liabilities 2,750 2,850
Commitments and Contingent Liabilities      
Equity    
Accumulated other comprehensive income (loss) 45 48
Member's Equity 3,476 3,830
Noncontrolling Interests 18 18
Total Equity 3,494 3,848
Total Liabilities and Equity 11,707 12,375
PPL Electric Utilities Corp [Member]
   
Current Assets    
Cash and cash equivalents 31 140
Accounts receivable (less reserve:)    
Customer 325 249
Other 4 5
Unbilled revenues 105 110
Accounts receivable from affiliates 30 29
Fuel, materials and supplies 40 39
Prepayments 104 76
Deferred income taxes 49 45
Regulatory assets 5   
Other current assets 17 4
Total Current Assets 705 697
Property, Plant and Equipment    
Regulated utility plant 6,416 6,286
Less: accumulated depreciation - regulated utility plant 2,354 2,316
Regulated utility plant, net 4,062 3,970
Non-regulated property, plant and equipment    
Other, net 2 2
Construction work in progress 427 370
Property, Plant and Equipment, net 4,491 4,342
Other Noncurrent Assets    
Regulatory assets 860 853
Other intangibles 176 171
Other noncurrent assets 35 55
Total Other Noncurrent Assets 1,071 1,079
Total Assets 6,267 6,118
Current Liabilities    
Short-term debt 125   
Long-term debt due within one year 10   
Accounts payable 241 259
Accounts payable to affiliates 60 63
Taxes 17 12
Interest 19 26
Regulatory liabilities 57 52
Other current liabilities 99 93
Total Current Liabilities 628 505
Long-term Debt 1,957 1,967
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,274 1,233
Investment tax credits 3 3
Accrued pension obligations 152 237
Regulatory liabilities 13 8
Other deferred credits and noncurrent liabilities 79 103
Total Deferred Credits and Other Noncurrent Liabilities 1,521 1,584
Commitments and Contingent Liabilities      
Equity    
Common stock 364 [3] 364 [3]
Additional paid-in capital 1,195 1,135
Earnings reinvested 602 563
Total Stockholders' Equity 2,161 2,062
Total Liabilities and Equity 6,267 6,118
LG And E And KU Energy LLC [Member]
   
Current Assets    
Cash and cash equivalents 52 43
Accounts receivable (less reserve:)    
Customer 218 133
Other 10 20
Unbilled revenues 156 156
Accounts receivable from affiliates 1 1
Fuel, materials and supplies 229 276
Prepayments 23 28
Price risk management assets from affiliates 24 14
Deferred income taxes 13 13
Regulatory assets 32 19
Other current assets 5 4
Total Current Assets 763 707
Property, Plant and Equipment    
Regulated utility plant 8,137 8,073
Less: accumulated depreciation - regulated utility plant 578 519
Regulated utility plant, net 7,559 7,554
Non-regulated property, plant and equipment    
Other, net 3 3
Construction work in progress 917 750
Property, Plant and Equipment, net 8,479 8,307
Other Noncurrent Assets    
Regulatory assets 604 630
Goodwill 996 996
Other intangibles 258 271
Other noncurrent assets 104 108
Total Other Noncurrent Assets 1,962 2,005
Total Assets 11,204 11,019
Current Liabilities    
Short-term debt 185 125
Notes payable with affiliates 85 25
Accounts payable 291 283
Accounts payable to affiliates 2 1
Customer deposits 49 48
Taxes 24 26
Interest 51 21
Price risk management liabilities 5 5
Regulatory liabilities 4 9
Other current liabilities 79 100
Total Current Liabilities 775 643
Long-term Debt 4,075 4,075
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 587 541
Investment tax credits 138 138
Price risk management liabilities 49 53
Accrued pension obligations 265 414
Asset retirement obligations 127 125
Regulatory liabilities 1,003 1,002
Other deferred credits and noncurrent liabilities 233 242
Total Deferred Credits and Other Noncurrent Liabilities 2,402 2,515
Commitments and Contingent Liabilities      
Equity    
Member's Equity 3,952 3,786
Total Liabilities and Equity 11,204 11,019
Louisville Gas And Electric Co [Member]
   
Current Assets    
Cash and cash equivalents 34 22
Accounts receivable (less reserve:)    
Customer 99 59
Other 6 16
Unbilled revenues 71 72
Accounts receivable from affiliates 12 14
Fuel, materials and supplies 105 142
Prepayments 9 7
Price risk management assets from affiliates 12 7
Regulatory assets 21 19
Other current assets    1
Total Current Assets 369 359
Property, Plant and Equipment    
Regulated utility plant 3,226 3,187
Less: accumulated depreciation - regulated utility plant 251 220
Regulated utility plant, net 2,975 2,967
Non-regulated property, plant and equipment    
Construction work in progress 319 259
Property, Plant and Equipment, net 3,294 3,226
Other Noncurrent Assets    
Regulatory assets 388 400
Goodwill 389 389
Other intangibles 138 144
Other noncurrent assets 39 44
Total Other Noncurrent Assets 954 977
Total Assets 4,617 4,562
Current Liabilities    
Short-term debt 70 55
Accounts payable 131 117
Accounts payable to affiliates 16 23
Customer deposits 24 23
Taxes 19 2
Interest 11 5
Price risk management liabilities 5 5
Regulatory liabilities 3 4
Other current liabilities 29 34
Total Current Liabilities 308 268
Long-term Debt 1,112 1,112
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 555 544
Investment tax credits 40 40
Price risk management liabilities 49 53
Accrued pension obligations 59 102
Asset retirement obligations 57 56
Regulatory liabilities 471 471
Other deferred credits and noncurrent liabilities 106 106
Total Deferred Credits and Other Noncurrent Liabilities 1,337 1,372
Commitments and Contingent Liabilities      
Equity    
Common stock 424 [4] 424 [4]
Additional paid-in capital 1,303 1,278
Earnings reinvested 133 108
Total Stockholders' Equity 1,860 1,810
Total Liabilities and Equity 4,617 4,562
Kentucky Utilities Co [Member]
   
Current Assets    
Cash and cash equivalents 16 21
Accounts receivable (less reserve:)    
Customer 119 74
Other 3 13
Unbilled revenues 85 84
Accounts receivable from affiliates 1 7
Fuel, materials and supplies 124 134
Prepayments 7 10
Price risk management assets from affiliates 12 7
Deferred income taxes 3 3
Regulatory assets 11   
Other current assets 5 3
Total Current Assets 386 356
Property, Plant and Equipment    
Regulated utility plant 4,911 4,886
Less: accumulated depreciation - regulated utility plant 327 299
Regulated utility plant, net 4,584 4,587
Non-regulated property, plant and equipment    
Other, net 1 1
Construction work in progress 596 490
Property, Plant and Equipment, net 5,181 5,078
Other Noncurrent Assets    
Regulatory assets 216 230
Goodwill 607 607
Other intangibles 120 127
Other noncurrent assets 58 57
Total Other Noncurrent Assets 1,001 1,021
Total Assets 6,568 6,455
Current Liabilities    
Short-term debt 115 70
Accounts payable 151 147
Accounts payable to affiliates 41 33
Customer deposits 25 25
Taxes 9 26
Interest 25 10
Regulatory liabilities 1 5
Other current liabilities 27 33
Total Current Liabilities 394 349
Long-term Debt 1,842 1,842
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 621 587
Investment tax credits 98 98
Accrued pension obligations 45 104
Asset retirement obligations 70 69
Regulatory liabilities 532 531
Other deferred credits and noncurrent liabilities 82 92
Total Deferred Credits and Other Noncurrent Liabilities 1,448 1,481
Commitments and Contingent Liabilities      
Equity    
Common stock 308 [5] 308 [5]
Additional paid-in capital 2,398 2,348
Earnings reinvested 177 126
Accumulated other comprehensive income (loss) 1 1
Total Stockholders' Equity 2,884 2,783
Total Liabilities and Equity $ 6,568 $ 6,455
[1] At March 31, 2013 and December 31, 2012, includes $426 million and $428 million of PP&E, consisting primarily of "Generation," including leasehold improvements, and both periods include $10 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; 583,214 and 581,944 shares issued and outstanding at March 31, 2013 and December 31, 2012.
[3] 170,000 shares authorized; 66,368 shares issued and outstanding at March 31, 2013 and December 31, 2012.
[4] 75,000 shares authorized; 21,294 shares issued and outstanding at March 31, 2013 and December 31, 2012.
[5] 80,000 shares authorized; 37,818 shares issued and outstanding at March 31, 2013 and December 31, 2012.