Segment and Related Information

9 Months Ended

Sep. 30, 2014

Segment and Related Information [Abstract]

Segment and Related Information

3. Segment and Related Information

(PPL)

See Note 2 in PPL's 2013 Form 10-K for a discussion of reportable segments and related information.

In June 2014, PPL and PPL Energy Supply, which primarily represents PPL's Supply segment, executed definitive agreements with affiliates of Riverstone to combine their competitive power generation businesses into a new, stand-alone, publicly traded company named Talen Energy. The transaction is expected to close in the first or second quarter of 2015. Upon completion of this transaction, PPL will no longer have a Supply segment. See Note 8 for additional information.

Financial data for the segments and reconciliation to PPL's consolidated results for the periods ended September 30 are:

		Three Months				Nine Months
		2014		2013		2014		2013
Income Statement Data
Revenues from external customers
	U.K. Regulated	$	644	$	543	$	1,964	$	1,763
	Kentucky Regulated		753		744		2,409		2,226
	Pennsylvania Regulated		477		463		1,516		1,388
	Supply (a)		1,571		1,321		1,575		3,516
	Corporate and Other		4		3		12		9
Total		$	3,449	$	3,074	$	7,476	$	8,902
Intersegment electric revenues
	Supply	$	20	$	11	$	68	$	37
Net Income Attributable to PPL Shareowners
	U.K. Regulated (a)	$	295	$	183	$	688	$	741
	Kentucky Regulated		82		93		247		227
	Pennsylvania Regulated		57		51		194		160
	Supply (a)		86		91		16		122
	Corporate and Other (b)		(23)		(8)		(103)		(22)
Total		$	497	$	410	$	1,042	$	1,228

		September 30,		December 31,
		2014		2013
Balance Sheet Data
Assets
	U.K. Regulated	$	16,543	$	15,895
	Kentucky Regulated		12,493		12,016
	Pennsylvania Regulated		7,355		6,846
	Supply		11,210		11,408
	Corporate and Other (c)		588		94
Total assets		$	48,189	$	46,259

(a)Includes unrealized gains and losses from economic activity. See Note 14 for additional information.

(b)2014 includes certain costs related to the anticipated spinoff of PPL Energy Supply, including deferred income tax expense, third party transaction costs, and separation benefits. See Note 8 for additional information.

(c)Primarily consists of unallocated items, including cash, PP&E and the elimination of inter-segment transactions.