Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2013

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended December 31 used in the EPS calculation are:

			2013		2012		2011
Income (Numerator)
Income from continuing operations after income taxes attributable to PPL shareowners			$	1,128	$	1,532	$	1,493
Less amounts allocated to participating securities				6		8		6
Less issuance costs on subsidiary's preferred securities redeemed						6
Income from continuing operations after income taxes available to PPL common
	shareowners - Basic			1,122		1,518		1,487
Plus interest charges (net of tax) related to Equity Units (a)				44
Income from continuing operations after income taxes available to PPL common
	shareowners - Diluted		$	1,166	$	1,518	$	1,487

Income (loss) from discontinued operations (net of income taxes) available to PPL
	common shareowners - Basic and Diluted		$	2	$	(6)	$	2

Net income attributable to PPL shareowners			$	1,130	$	1,526	$	1,495
Less amounts allocated to participating securities				6		8		6
Less issuance costs on subsidiary's preferred securities redeemed						6
Net income available to PPL common shareowners - Basic				1,124		1,512		1,489
Plus interest charges (net of tax) related to Equity Units				44
Net income available to PPL common shareowners - Diluted			$	1,168	$	1,512	$	1,489



Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS				608,983		580,276		550,395
Add incremental non-participating securities:
		Share-based payment awards (b)		1,062		563		400
		Equity Units (a)		52,568
		Forward sale agreements and purchase contracts (b)		460		787		157
Weighted-average shares - Diluted EPS				663,073		581,626		550,952

Basic EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	1.85	$	2.62	$	2.70
		Income (loss) from discontinued operations (net of income taxes)				(0.01)		0.01
		Net Income	$	1.85	$	2.61	$	2.71

Diluted EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	1.76	$	2.61	$	2.70
		Income (loss) from discontinued operations (net of income taxes)				(0.01)
		Net Income	$	1.76	$	2.60	$	2.70

(a) In 2013, the If-Converted Method was applied to the Equity Units prior to settlement.

(b) The Treasury Stock Method was applied to non-participating share-based payment awards, forward sale agreements and the 2010 Purchase Contracts for 2012 and 2011.

Common Stock Issuances

For the year ended December 31, PPL issued common stock related to stock-based compensation plans, ESOP and DRIP as follows:

(Shares in thousands)	2013

Stock-based compensation plans (a)		1,552
ESOP		275
DRIP		549

(a) Includes stock options exercised, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

For the years ended December 31, the following were excluded from the computations of diluted EPS because the effect would have been antidilutive.

(Shares in thousands)	2013		2012		2011

Stock options		4,446		5,293		5,084
Performance units		55		58		2
Restricted stock units		29