EX-99.A 40 exhibit99a.htm EXHIBIT 99(A) exhibit99a.htm

 
 
 
 
 
 
 
 
 
 
 
 
 
Exhibit 99(a)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PPL CORPORATION AND SUBSIDIARIES
LONG-TERM DEBT SCHEDULE
(Unaudited)
(Millions of Dollars)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest
 
Maturity
 
 
 
 
 
 
 
 
 
 
Rate
 
Date
 
December 31, 2013
PPL
 
 
 
 
 
 
 
 
U.S.
 
 
 
 
 
 
 
 
 
PPL Capital Funding
 
 
 
 
 
 
 
 
 
 
Senior Unsecured Notes
 
 
 
 
 
 
 
 
 
 
 
69352PAD5
 
4.200
%
 
06/15/2022
 
$
400 
 
 
 
69352PAE3
 
3.500
%
 
12/01/2022
 
 
400 
 
 
 
69352PAG8
 
1.900
%
 
06/01/2018
 
 
250 
 
 
 
69352PAF0
 
3.400
%
 
06/01/2023
 
 
600 
 
 
 
69352PAH6
 
4.700
%
 
06/01/2043
 
300 
 
 
 
 
Total Senior Unsecured Notes
 
 
 
 
 
 
1,950 
 
 
Junior Subordinated Notes
 
 
 
 
 
 
 
 
 
 
 
69351TAC0 1
 
4.320
%
 
05/01/2019
 
 
978 
 
 
 
69352PAC7
 
6.700
%
 
03/30/2067
 
 
480 
 
 
 
69352P202
 
5.900
%
 
04/30/2073
 
 
450 
 
 
 
 
Total Junior Subordinated Notes
 
 
 
 
 
 
 
1,908 
 
 
 
 
Total PPL Capital Funding Long-term Debt
 
 
 
 
 
 
 
3,858 
 
PPL Energy Supply
 
 
 
 
 
 
 
 
 
 
Senior Unsecured Notes
 
 
 
 
 
 
 
2,493 
 
 
Senior Secured Notes
 
 
 
 
 
 
 
49 
 
 
Other
 
 
 
 
 
 
 
5 
 
 
 
 
Total PPL Energy Supply Long-term Debt
 
 
 
 
 
 
 
2,547 
 
PPL Electric
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
2,314 
 
 
Other
 
 
 
 
 
 
 
10 
 
 
 
 
Total PPL Electric Long-term Debt
 
 
 
 
 
 
 
2,324 
 
LKE
 
 
 
 
 
 
 
 
 
 
Senior Unsecured Notes
 
 
 
 
 
 
 
1,125 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
3,460 
 
 
 
 
Total LKE Long-term Debt
 
 
 
 
 
 
 
4,585 
 
 
 
 
Total U.S. Long-term Debt
 
 
 
 
 
 
 
13,314 

 
352 
 


 
 
 
 
 
 
 
Interest
 
Maturity
 
 
 
 
 
 
 
 
 
 
Rate
 
Date
 
December 31, 2013
U.K.
 
 
 
 
 
 
 
 
 
 
Senior Unsecured Notes
 
 
 
 
 
 
 
 
 
 
 
USG7208UAB73
 
3.900
%
 
05/01/2016
 
 
460 
 
 
 
USG7208UAA90
 
5.375
%
 
05/01/2021
 
 
500 
 
 
 
USG9796VAD58
 
7.250
%
 
12/15/2017
 
 
100 
 
 
 
USG9796VAE32
 
7.375
%
 
12/15/2028
 
 
202 
 
 
 
XS0627333221
 
5.250
%
 
01/17/2023
 
 
1,147 
 
 
 
XS0568142482
 
6.250
%
 
12/10/2040
 
 
409 
 
 
 
XS0568142052
 
6.000
%
 
05/09/2025
 
 
409 
 
 
 
XS0627336323
 
5.750
%
 
04/16/2032
 
 
1,310 
 
 
 
XS0979476602
 
3.875
%
 
10/17/2024
 
 
655 
 
 
 
XS0061222484
 
9.250
%
 
11/09/2020
 
 
246 
 
 
 
XS0280014282
 
4.804
%
 
12/21/2037
 
 
369 
 
 
 
XS0496999219
 
5.750
%
 
03/23/2040
 
 
328 
 
 
 
XS0165510313
 
5.875
%
 
03/25/2027
 
 
409 
 
 
 
XS0496975110
 
5.750
%
 
03/23/2040
 
 
328 
 
 
 
 
Total Senior Unsecured Notes
 
 
 
 
 
 
 
6,872 
 
 
Index-Linked Notes  2
 
 
 
 
 
 
 
 
 
 
 
XS0632038666
 
2.671
%
 
06/01/2043
 
 
178 
 
 
 
XS0974143439
 
1.676
%
 
09/24/2052
 
 
107 
 
 
 
XS0277685987
 
1.541
%
 
12/01/2053
 
 
217 
 
 
 
XS0279320708
 
1.541
%
 
12/01/2056
 
 
247 
 
 
 
 
Total Index-Linked Notes
 
 
 
 
 
 
 
749 
 
 
 
 
Total U.K. Long-term Debt
 
 
 
 
 
 
 
7,621 
 
 
 
 
Total Long-term Debt Before Adjustments
 
 
 
 
 
 
 
20,935 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair market value adjustments
 
 
 
 
 
 
 
23 
 
 
Unamortized premium and (discount), net
 
 
 
 
 
 
 
(51)
 
 
 
 
Total Long-term Debt
 
 
 
 
 
 
 
20,907 
 
 
Less current portion of Long-term Debt
 
 
 
 
 
 
 
315 
 
 
 
 
Total Long-term Debt, noncurrent
 
 
 
 
 
 
$
20,592 

 
353 
 


 
 
 
 
 
 
 
Interest
 
Maturity
 
 
 
 
 
 
 
 
 
 
Rate
 
Date
 
December 31, 2013
PPL Energy Supply
 
 
 
 
 
 
 
 
 
 
Senior Unsecured Notes
 
 
 
 
 
 
 
 
 
 
 
69352JAF4
 
5.400
%
 
08/15/2014
 
$
300 
 
 
 
69352JAG2  3
 
5.700
%
 
10/15/2035
 
 
300 
 
 
 
69352JAH0
 
6.200
%
 
05/15/2016
 
 
350 
 
 
 
69352JAL1
 
6.500
%
 
05/01/2018
 
 
400 
 
 
 
69352JAN7
 
4.600
%
 
12/15/2021
 
 
712 
 
 
 
69352JAK3
 
6.000
%
 
12/15/2036
 
 
200 
 
 
 
708686CX6  4
 
3.000
%
 
12/01/2038
 
 
100 
 
 
 
708686CZ1  4
 
3.000
%
 
12/01/2038
 
 
50 
 
 
 
708686CY4  4
 
3.000
%
 
12/01/2037
 
 
81 
 
 
 
 
Total Senior Unsecured Notes
 
 
 
 
 
 
 
2,493 
 
 
Senior Secured Notes
 
 
 
 
 
 
 
 
 
 
 
00103XAC7
 
8.857
%
 
11/30/2025
 
 
49 
 
 
 
 
Total Senior Secured Notes
 
 
 
 
 
 
 
49 
 
 
Other
 
 
 
 
 
 
 
 
 
 
 
N/A
 
6.000
%
 
11/30/2020
 
 
5 
 
 
 
 
Total Other
 
 
 
 
 
 
 
5 
 
 
 
 
Total Long-term Debt Before Adjustments
 
 
 
 
 
 
 
2,547 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair market value adjustments
 
 
 
 
 
 
 
(22)
 
 
Unamortized premium and (discount), net
 
 
 
 
 
 
 
 
 
 
 
 
Total Long-term Debt
 
 
 
 
 
 
 
2,525 
 
 
Less current portion of Long-term Debt
 
 
 
 
 
 
 
304 
 
 
 
 
Total Long-term Debt, noncurrent
 
 
 
 
 
 
$
2,221 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PPL Electric
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
 
 
 
 
524808BM3
 
4.750
%
 
02/15/2027
 
$
108 
 
 
 
524808BL5
 
4.700
%
 
09/01/2029
 
 
116 
 
 
 
70869MAC8  4
 
4.000
%
 
10/01/2023
 
 
90 
 
 
 
69351UAF0
 
4.950
%
 
12/15/2015
 
 
100 
 
 
 
69351UAG8
 
5.150
%
 
12/15/2020
 
 
100 
 
 
 
69351UAP8
 
3.000
%
 
09/15/2021
 
 
400 
 
 
 
69351UAQ6
 
2.500
%
 
09/01/2022
 
 
250 
 
 
 
69351UAH6/UAK9
 
6.450
%
 
08/15/2037
 
 
250 
 
 
 
69351UAM5
 
6.250
%
 
05/15/2039
 
 
300 
 
 
 
69351UAN3
 
5.200
%
 
07/15/2041
 
 
250 
 
 
 
63951UAR4
 
4.750
%
 
07/15/2043
 
 
350 
 
 
 
 
Total Senior Secured Notes
 
 
 
 
 
 
 
2,314 
 
 
Other
 
 
 
 
 
 
 
 
 
 
 
709051CD6
 
7.375
%
 
03/01/2014
 
 
10 
 
 
 
 
Total Other
 
 
 
 
 
 
 
10 
 
 
 
 
Total Long-term Debt Before Adjustments
 
 
 
 
 
 
 
2,324 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Unamortized discount
 
 
 
 
 
 
 
(9)
 
 
 
 
Total Long-term Debt
 
 
 
 
 
 
 
2,315 
 
 
Less current portion of Long-term Debt
 
 
 
 
 
 
 
10 
 
 
 
 
Total Long-term Debt, noncurrent
 
 
 
 
 
 
$
2,305 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
354 
 


 
 
 
 
 
 
 
Interest
 
Maturity
 
 
 
 
 
 
 
 
 
 
Rate
 
Date
 
December 31, 2013
LKE
 
 
 
 
 
 
 
 
 
 
Senior Unsecured Notes
 
 
 
 
 
 
 
 
 
 
 
50188FAB1/FAA3
 
2.125
%
 
11/15/2015
 
$
400 
 
 
 
50188FAD7
 
3.750
%
 
11/15/2020
 
 
475 
 
 
 
50188FAE5
 
4.375
%
 
10/01/2021
 
 
250 
 
 
 
 
Total Senior Unsecured Notes
 
 
 
 
 
 
 
1,125 
 
LG&E
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
1,359 
 
 
 
 
 
 
 
 
 
 
 
 
 
KU
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
2,101 
 
 
 
 
Total Long-term Debt Before Adjustments
 
 
 
 
 
 
 
4,585 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair market value adjustments
 
 
 
 
 
 
 
(1)
 
 
Unamortized discount
 
 
 
 
 
 
 
(19)
 
 
 
 
Total Long-term Debt
 
 
 
 
 
 
$
4,565 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
LG&E
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
 
 
 
 
546676AS6
 
1.625
%
 
11/15/2015
 
 
250 
 
 
 
546676AU1
 
5.125
%
 
11/15/2040
 
 
285 
 
 
 
546676AV9
 
4.650
%
 
11/15/2043
 
 
250 
 
 
 
896221AA6
 
4.600
%
 
06/01/2033
 
 
60 
 
 
 
473044BV6  5
 
0.180
%
 
09/01/2026
 
 
22 
 
 
 
896224AT9  5
 
0.180
%
 
09/01/2026
 
 
28 
 
 
 
N/A  5, 7
 
0.780
%
 
05/01/2027
 
 
25 
 
 
 
47302PAA8  5
 
0.140
%
 
09/01/2027
 
 
10 
 
 
 
896224AU6  5
 
0.310
%
 
11/01/2027
 
 
35 
 
 
 
473044BW4  5
 
0.310
%
 
11/01/2027
 
 
35 
 
 
 
896224AS1  5
 
0.160
%
 
08/01/2030
 
 
83 
 
 
 
896224AV4  5
 
0.140
%
 
10/01/2032
 
 
42 
 
 
 
546751AE8
 
1.150
%
 
06/01/2033
 
 
31 
 
 
 
546751AG3
 
1.600
%
 
06/01/2033
 
 
35 
 
 
 
546749AJ1
 
1.650
%
 
10/01/2033
 
 
128 
 
 
 
546749AK8
 
2.200
%
 
02/01/2035
 
 
40 
 
 
 
 
Total Long-term Debt Before Adjustments
 
 
 
 
 
 
 
1,359 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair market value adjustments
 
 
 
 
 
 
 
(1)
 
 
Unamortized discount
 
 
 
 
 
 
 
(5)
 
 
 
 
Total Long-term Debt
 
 
 
 
 
 
$
1,353 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
355 
 


 
 
 
 
 
 
 
Interest
 
Maturity
 
 
 
 
 
 
 
 
 
 
Rate
 
Date
 
December 31, 2013
KU
 
 
 
 
 
 
 
 
 
 
Senior Secured Notes/First Mortgage Bonds
 
 
 
 
 
 
 
 
 
 
 
491674BC0
 
1.625
%
 
11/01/2015
 
$
250 
 
 
 
491674BE6
 
3.250
%
 
11/01/2020
 
 
500 
 
 
 
491674BG1/BF3
 
5.125
%
 
11/01/2040
 
 
750 
 
 
 
491674BJ5
 
4.650
%
 
11/15/2043
 
 
250 
 
 
 
14483RAH0
 
5.750
%
 
02/01/2026
 
 
18 
 
 
 
896221AC2
 
6.000
%
 
03/01/2037
 
 
9 
 
 
 
587829AC6  6
 
0.060
%
 
05/01/2023
 
 
13 
 
 
 
14483RAN7  6
 
0.060
%
 
02/01/2032
 
 
78 
 
 
 
144838AA7  6
 
0.300
%
 
02/01/2032
 
 
21 
 
 
 
144838AB5  6
 
0.300
%
 
02/01/2032
 
 
2 
 
 
 
587824AA1  6
 
0.300
%
 
02/01/2032
 
 
8 
 
 
 
62479PAA4  6
 
0.300
%
 
02/01/2032
 
 
2 
 
 
 
144838AC3  6
 
0.100
%
 
10/01/2032
 
 
96 
 
 
 
14483RAP2  6
 
0.060
%
 
10/01/2034
 
 
54 
 
 
 
14483RAM9  6
 
0.060
%
 
10/01/2034
 
 
50 
 
 
 
 
Total Long-term Debt Before Adjustments
 
 
 
 
 
 
 
2,101 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair market value adjustments
 
 
 
 
 
 
 
1 
 
 
Unamortized discount
 
 
 
 
 
 
 
(11)
 
 
 
 
Total Long-term Debt
 
 
 
 
 
 
$
2,091 

(1)
The notes are related to the 2011 Equity Units and are expected to be remarketed in 2014.  If remarketing fails, holders of the notes will have the right to put the notes to PPL Capital Funding on May 1, 2014.
(2)
Principal amount of the notes are adjusted based on changes in a specified index, as detailed in the terms of the related indentures.
(3)
The REPS are required to be put by existing holders on October 15, 2015 for either (a) purchase and remarketing by a designated market dealer or (b) repurchase by PPL Energy Supply.
(4)
Securities are currently in a term rate mode.
(5)
Securities have a floating rate of interest that periodically resets.  At December 31, 2013 the weighted average rate of the $280 million of notes at LG&E was 0.25%.
(6)
Securities have a floating rate of interest that periodically resets.  At December 31, 2013 the weighted average rate of the $324 million of notes at KU was 0.10%.
(7)
No CUSIP - Bonds were remarketed and 100% of bonds are held by a third party.
 
 
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