Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2014

Derivative Instruments And Hedging Activities [Line Items]

Commodity Price Risk (Non-trading) - Economic Activity - Pre-tax Gains (Losses) Associated with Economic Activity

The unrealized gains (losses) for economic activity for the periods ended September 30 were as follows.

		Three Months				Nine Months
		2014		2013		2014		2013
Operating Revenues
	Unregulated wholesale energy	$	299	$	(49)	$	(581)	$	(281)
	Unregulated retail energy		2		(2)		(20)		10
Operating Expenses
	Fuel		(9)		3		(3)		(2)
	Energy purchases		(217)		37		402		192

Commodity Volumes - Volumes of Derivative (Sales) Purchase Contracts

At September 30, 2014, the net volumes of derivative (sales)/purchase contracts used in support of the various strategies discussed above were as follows.

		Volumes (a)
Commodity	Unit of Measure	2014 (b)	2015	2016	Thereafter
Power	MWh	(12,324,114)	(32,192,825)	(1,488,139)	5,457,755
Capacity	MW-Month	(4,070)	(5,554)	501	9
Gas	MMBtu	46,661,053	59,985,428	34,896,181	6,831,035
FTRs	MW-Month	1,457	3,051
Oil	Barrels	(141,236)	374,062	328,837	274,872

(a)Volumes for option contracts factor in the probability of an option being exercised and may be less than the notional amount of the option.

(b)Represents balance of the current year.

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and location of derivative instruments recorded on the Balance Sheets.

						September 30, 2014								December 31, 2013
						Derivatives designated as				Derivatives not designated				Derivatives designated as				Derivatives not designated
						hedging instruments				as hedging instruments				hedging instruments				as hedging instruments
						Assets		Liabilities		Assets		Liabilities		Assets		Liabilities		Assets		Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps (b)					$	15			$	4	$	82					$	4
			Cross-currency swaps (b)						6							$	4
			Foreign currency
				contracts					7	$	19		15				16				55
			Commodity contracts								713		850					$	860		750
					Total current				28		732		869		82		20		860		809
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps (b)				6		7				38		9						32
			Cross-currency swaps (b)						41								28
			Foreign currency
				contracts			6				26		4				4				31
			Commodity contracts								328		287						328		320
					Total noncurrent		12		48		354		329		9		32		328		383
Total derivatives						$	12	$	76	$	1,086	$	1,198	$	91	$	52	$	1,188	$	1,192

(a)Represents the location on the Balance Sheets.

(b)Excludes accrued interest, if applicable.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liabilities for the periods endedSeptember 30, 2014.

Three Months

Nine Months

Gain (Loss)

Gain (Loss)

Recognized

Recognized

in Income

in Income

on Derivative

Gain (Loss)

on Derivative

Gain (Loss)

(Ineffective

Reclassified

(Ineffective

Location of

Reclassified

Portion and

from AOCI

Portion and

Derivative Gain

Gain (Loss)

from AOCI

Amount

into

Amount

(Loss) Recognized in

Recognized

into Income

Excluded from

Income

Excluded from

Derivative

OCI (Effective Portion)

in Income

(Effective

Effectiveness

(Effective

Effectiveness

Relationships

Three Months

Nine Months

on Derivative

Portion)

Testing)

Portion)

Testing)

Cash Flow Hedges:

Interest rate swaps

$

(5)

$

(65)

Interest expense

$

(5)

$

(14)

$

2

Cross-currency swaps

(2)

(18)

Interest expense

1

Other income

(expense) - net

12

(17)

Commodity contracts

Unregulated wholesale

energy

(2)

(1)

Energy purchases

8

23

Depreciation

1

2

Discontinued

operations

1

6

Total

$

(7)

$

(83)

$

15

$

$

2

Net Investment Hedges:

Foreign currency contracts

$

25

$

7

Derivatives Not Designated as	Location of Gain (Loss) Recognized in
Hedging Instruments	Income on Derivative	Three Months		Nine Months
Foreign currency contracts	Other income (expense) - net	$	134	$	38
Interest rate swaps	Interest expense		(2)		(6)
Commodity contracts	Unregulated wholesale energy (a)		617		(2,520)
	Unregulated retail energy		18		(34)
	Fuel		(8)		(1)
	Energy purchases (b)		(505)		1,937
	Discontinued operations		2		4
	Total	$	256	$	(582)
Derivatives Not Designated as	Location of Gain (Loss) Recognized as
Hedging Instruments	Regulatory Liabilities/Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent			$	(6)
Derivatives Designated as	Location of Gain (Loss) Recognized as
Hedging Instruments	Regulatory Liabilities/Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	(4)	$	(4)
	Regulatory liabilities - noncurrent		6		6

(a)The nine month period ended September 30, 2014 includes significant realized and unrealized losses on physical and financial commodity sales contracts due to the unusually cold weather experienced in the first quarter of 2014.

(b)The nine month period ended September 30, 2014 includes significant realized and unrealized gains on physical and financial commodity purchase contracts due to the unusually cold weather experienced in the first quarter of 2014.

The following tables present the pre-tax effect of derivative instruments recognized in income, OCI, or regulatory assets and regulatory liabilities for the periods ended September 30, 2013.

Three Months

Nine Months

Gain (Loss)

Gain (Loss)

Recognized

Recognized

in Income

in Income

on Derivative

Gain (Loss)

on Derivative

Gain (Loss)

(Ineffective

Reclassified

(Ineffective

Location of

Reclassified

Portion and

from AOCI

Portion and

Derivative Gain

Gain (Loss)

from AOCI

Amount

into

Amount

(Loss) Recognized in

Recognized

into Income

Excluded from

Income

Excluded from

Derivative

OCI (Effective Portion)

in Income

(Effective

Effectiveness

(Effective

Effectiveness

Relationships

Three Months

Nine Months

on Derivative

Portion)

Testing)

Portion)

Testing)

Cash Flow Hedges:

Interest rate swaps

$

25

$

102

Interest expense

$

(5)

$

(14)

Cross-currency swaps

(36)

16

Interest expense

(1)

Other income

(expense) - net

(25)

45

Commodity contracts

Unregulated

wholesale energy

54

178

$

1

Energy purchases

(11)

(41)

Depreciation

1

2

Discontinued

operations

4

20

Total

$

(11)

$

118

$

17

$

190

$

1

Net Investment Hedges:

Foreign currency contracts

$

(22)

$

(5)

Derivatives Not Designated as	Location of Gain (Loss) Recognized in
Hedging Instruments	Income on Derivative	Three Months		Nine Months
Foreign currency contracts	Other income (expense) - net	$	(117)	$	6
Interest rate swaps	Interest expense		(2)		(6)
Commodity contracts	Unregulated wholesale energy		114		139
	Unregulated retail energy		3		18
	Fuel		4		2
	Energy purchases		(86)		(99)
	Discontinued operations		4		13
	Total	$	(80)	$	73
Derivatives Not Designated as	Location of Gain (Loss) Recognized as
Hedging Instruments	Regulatory Liabilities/Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	2	$	18
Derivatives Designated as	Location of Gain (Loss) Recognized as
Hedging Instruments	Regulatory Liabilities/Assets	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	12	$	70

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets								Liabilities
				Eligible for Offset								Eligible for Offset
						Cash								Cash
				Derivative		Collateral						Derivative		Collateral
		Gross		Instruments		Received		Net		Gross		Instruments		Pledged		Net
September 30, 2014
PPL
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120
	Treasury Derivatives		57		46				11		137		46		21		70
Total		$	1,098	$	961	$	9	$	128	$	1,274	$	961	$	123	$	190
PPL Energy Supply
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120

LKE
	Treasury Derivatives	$	6	$	4	$	2	$	46	$	4	$	19	$	23
LG&E
	Treasury Derivatives	$	3	$	2	$	1	$	44	$	2	$	19	$	23
KU
	Treasury Derivatives	$	3	$	2	$	1	$	2	$	2

December 31, 2013
PPL
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157
	Treasury Derivatives		91		61				30		174		61		23		90
Total		$	1,279	$	973	$	7	$	299	$	1,244	$	973	$	24	$	247
PPL Energy Supply
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157

LKE
	Treasury Derivatives	$	36	$	20	$	16
LG&E
	Treasury Derivatives	$	36	$	20	$	16

Credit Risk-Related Contingent Features

At September 30, 2014, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

					PPL
		PPL			Energy Supply			LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	179		$	118		$	27	$	27
Aggregate fair value of collateral posted on these derivative instruments			119			99			20		20
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		91	(b)		49	(b)		8		8

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

(b)During the second quarter of 2014, PPL Energy Supply experienced a downgrade in its corporate credit ratings to below investment grade. Amounts related to PPL Energy Supply represent net liability positions subject to further adequate assurance features.

PPL Energy Supply LLC [Member]

Derivative Instruments And Hedging Activities [Line Items]

Commodity Price Risk (Non-trading) - Economic Activity - Pre-tax Gains (Losses) Associated with Economic Activity

The unrealized gains (losses) for economic activity for the periods ended September 30 were as follows.

		Three Months				Nine Months
		2014		2013		2014		2013
Operating Revenues
	Unregulated wholesale energy	$	299	$	(49)	$	(581)	$	(281)
	Unregulated retail energy		2		(2)		(20)		10
Operating Expenses
	Fuel		(9)		3		(3)		(2)
	Energy purchases		(217)		37		402		192

Commodity Volumes - Volumes of Derivative (Sales) Purchase Contracts

At September 30, 2014, the net volumes of derivative (sales)/purchase contracts used in support of the various strategies discussed above were as follows.

		Volumes (a)
Commodity	Unit of Measure	2014 (b)	2015	2016	Thereafter
Power	MWh	(12,324,114)	(32,192,825)	(1,488,139)	5,457,755
Capacity	MW-Month	(4,070)	(5,554)	501	9
Gas	MMBtu	46,661,053	59,985,428	34,896,181	6,831,035
FTRs	MW-Month	1,457	3,051
Oil	Barrels	(141,236)	374,062	328,837	274,872

(a)Volumes for option contracts factor in the probability of an option being exercised and may be less than the notional amount of the option.

(b)Represents balance of the current year.

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and location of derivative instruments recorded on the Balance Sheets.

					September 30, 2014				December 31, 2013
					Derivatives not designated				Derivatives not designated
					as hedging instruments				as hedging instruments
					Assets		Liabilities		Assets		Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Commodity contracts		$	713	$	850	$	860	$	750
				Total current		713		850		860		750
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Commodity contracts			328		287		328		320
				Total noncurrent		328		287		328		320
Total derivatives					$	1,041	$	1,137	$	1,188	$	1,070

(a)Represents the location on the Balance Sheets.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following tables present the pre-tax effect of derivative instruments recognized in income or OCI for the periods endedSeptember 30, 2014.

						Three Months			Nine Months
								Gain (Loss)			Gain (Loss)
								Recognized			Recognized
								in Income			in Income
								on Derivative			on Derivative
						Gain (Loss)		(Ineffective	Gain (Loss)		(Ineffective
				Location of		Reclassified		Portion and	Reclassified		Portion and
		Derivative Gain		Gains (Losses)		from AOCI		Amount	from AOCI		Amount
		(Loss) Recognized in		Recognized		into Income		Excluded from	into Income		Excluded from
Derivative		OCI (Effective Portion)			in Income	(Effective		Effectiveness	(Effective		Effectiveness
Relationships		Three Months	Nine Months	on Derivative		Portion)		Testing)	Portion)		Testing)
Cash Flow Hedges:
	Commodity contracts			Unregulated wholesale
					energy	$	(2)		$	(1)
				Energy purchases			8			23
				Depreciation						1
				Discontinued
					operations		1			6
Total						$	7		$	29

Derivatives Not Designated as	Location of Gain (Loss) Recognized in
Hedging Instruments	Income on Derivative	Three Months		Nine Months
Commodity contracts	Unregulated wholesale energy (a)	$	617	$	(2,520)
	Unregulated retail energy		18		(34)
	Fuel		(8)		(1)
	Energy purchases (b)		(505)		1,937
	Discontinued operations		2		4
	Total	$	124	$	(614)

(a)The nine month period ended September 30, 2014 includes significant realized and unrealized losses on physical and financial commodity sales contracts due to the unusually cold weather experienced in the first quarter of 2014.

(b)The nine month period ended September 30, 2014 includes significant realized and unrealized gains on physical and financial commodity purchase contracts due to the unusually cold weather experienced in the first quarter of 2014.

The following tables present the pre-tax effect of derivative instruments recognized in income or OCI for theperiods ended September 30, 2013.

Three Months

Nine Months

Gain (Loss)

Gain (Loss)

Recognized

Recognized

in Income

in Income

on Derivative

on Derivative

Gain (Loss)

(Ineffective

Gain (Loss)

(Ineffective

Location of

Reclassified

Portion and

Reclassified

Portion and

Derivative Gain

Gains (Losses)

from AOCI

Amount

from AOCI

Amount

(Loss) Recognized in

Recognized

into Income

Excluded from

into Income

Excluded from

Derivative

OCI (Effective Portion)

in Income

(Effective

Effectiveness

(Effective

Effectiveness

Relationships

Three Months

Nine Months

on Derivative

Portion)

Testing)

Portion)

Testing)

Cash Flow Hedges:

Unregulated

Commodity contracts

wholesale energy

$

54

$

178

$

1

Energy purchases

(11)

(41)

Depreciation

1

2

Discontinued

operations

4

20

Total

$

48

$

159

$

1

Derivatives Not Designated as	Location of Gain (Loss) Recognized in
Hedging Instruments	Income on Derivative	Three Months		Nine Months
Commodity contracts	Unregulated wholesale energy	$	114	$	139
	Unregulated retail energy		3		18
	Fuel		4		2
	Energy purchases		(86)		(99)
	Discontinued operations		4		13
	Total	$	39	$	73

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets								Liabilities
				Eligible for Offset								Eligible for Offset
						Cash								Cash
				Derivative		Collateral						Derivative		Collateral
		Gross		Instruments		Received		Net		Gross		Instruments		Pledged		Net
September 30, 2014
PPL
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120
	Treasury Derivatives		57		46				11		137		46		21		70
Total		$	1,098	$	961	$	9	$	128	$	1,274	$	961	$	123	$	190
PPL Energy Supply
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120

LKE
	Treasury Derivatives	$	6	$	4	$	2	$	46	$	4	$	19	$	23
LG&E
	Treasury Derivatives	$	3	$	2	$	1	$	44	$	2	$	19	$	23
KU
	Treasury Derivatives	$	3	$	2	$	1	$	2	$	2

December 31, 2013
PPL
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157
	Treasury Derivatives		91		61				30		174		61		23		90
Total		$	1,279	$	973	$	7	$	299	$	1,244	$	973	$	24	$	247
PPL Energy Supply
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157

LKE
	Treasury Derivatives	$	36	$	20	$	16
LG&E
	Treasury Derivatives	$	36	$	20	$	16

Credit Risk-Related Contingent Features

At September 30, 2014, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

					PPL
		PPL			Energy Supply			LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	179		$	118		$	27	$	27
Aggregate fair value of collateral posted on these derivative instruments			119			99			20		20
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		91	(b)		49	(b)		8		8

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

(b)During the second quarter of 2014, PPL Energy Supply experienced a downgrade in its corporate credit ratings to below investment grade. Amounts related to PPL Energy Supply represent net liability positions subject to further adequate assurance features.

LG And E And KU Energy LLC [Member]

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and the location on the Balance Sheets of derivative instruments designated as cash flow hedges.

				September 30, 2014				December 31, 2013
				Assets		Liabilities		Assets	Liabilities
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps	$	6	$	4

(a)Represents the location on the Balance Sheets.

(LKE and LG&E)

The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments.

					September 30, 2014			December 31, 2013
					Assets	Liabilities			Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps			$	4			$	4
				Total current			4				4
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				38				32
				Total noncurrent			38				32
Total derivatives						$	42			$	36

(a)Represents the location on the Balance Sheets.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following tables present the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory assets and liabilities for the periods ended September 30, 2014.

Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	(4)	$	(4)
Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	6	$	6

The following table presents the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory liabilities for the periods ended September 30, 2013.

Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	12	$	70

The following tables present the pre-tax effect of derivatives not designated as hedging instruments recognized in incomeor regulatory assets for the periods ended September 30, 2014.

	Location of Gain (Loss) Recognized in
Derivative Instruments	Income on Derivatives	Three Months		Nine Months
Interest rate swaps	Interest expense	$	(2)	$	(6)
	Location of Gain (Loss) Recognized in
Derivative Instruments	Regulatory Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent			$	(6)

The following tables present the pre-tax effect of derivatives not designated as hedging instruments recognized in income or regulatory assetsfor the periods ended September 30, 2013.

	Location of Gain (Loss) Recognized in
Derivative Instruments	Income on Derivatives	Three Months		Nine Months
Interest rate swaps	Interest expense	$	(2)	$	(6)
	Location of Gain (Loss) Recognized in
Derivative Instruments	Regulatory Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	2	$	18

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets								Liabilities
				Eligible for Offset								Eligible for Offset
						Cash								Cash
				Derivative		Collateral						Derivative		Collateral
		Gross		Instruments		Received		Net		Gross		Instruments		Pledged		Net
September 30, 2014
PPL
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120
	Treasury Derivatives		57		46				11		137		46		21		70
Total		$	1,098	$	961	$	9	$	128	$	1,274	$	961	$	123	$	190
PPL Energy Supply
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120

LKE
	Treasury Derivatives	$	6	$	4	$	2	$	46	$	4	$	19	$	23
LG&E
	Treasury Derivatives	$	3	$	2	$	1	$	44	$	2	$	19	$	23
KU
	Treasury Derivatives	$	3	$	2	$	1	$	2	$	2

December 31, 2013
PPL
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157
	Treasury Derivatives		91		61				30		174		61		23		90
Total		$	1,279	$	973	$	7	$	299	$	1,244	$	973	$	24	$	247
PPL Energy Supply
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157

LKE
	Treasury Derivatives	$	36	$	20	$	16
LG&E
	Treasury Derivatives	$	36	$	20	$	16

Credit Risk-Related Contingent Features

At September 30, 2014, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

					PPL
		PPL			Energy Supply			LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	179		$	118		$	27	$	27
Aggregate fair value of collateral posted on these derivative instruments			119			99			20		20
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		91	(b)		49	(b)		8		8

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

(b)During the second quarter of 2014, PPL Energy Supply experienced a downgrade in its corporate credit ratings to below investment grade. Amounts related to PPL Energy Supply represent net liability positions subject to further adequate assurance features.

Louisville Gas And Electric Co [Member]

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and the location on the Balance Sheets of derivative instruments designated as cash flow hedges.

				September 30, 2014				December 31, 2013
				Assets		Liabilities		Assets	Liabilities
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps	$	3	$	2

(a)Represents the location on the Balance Sheets.

(LKE and LG&E)

The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments.

					September 30, 2014			December 31, 2013
					Assets	Liabilities			Assets	Liabilities
Current:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps			$	4			$	4
				Total current			4				4
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps				38				32
				Total noncurrent			38				32
Total derivatives						$	42			$	36

(a)Represents the location on the Balance Sheets.

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following tables present the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory assets and liabilities for the periods ended September 30, 2014.

Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	(2)	$	(2)
Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	3	$	3

The following table presents the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory liabilities for the periods ended September 30, 2013.

Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	6	$	35

The following tables present the pre-tax effect of derivatives not designated as hedging instruments recognized in incomeor regulatory assets for the periods ended September 30, 2014.

	Location of Gain (Loss) Recognized in
Derivative Instruments	Income on Derivatives	Three Months		Nine Months
Interest rate swaps	Interest expense	$	(2)	$	(6)
	Location of Gain (Loss) Recognized in
Derivative Instruments	Regulatory Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent			$	(6)

The following tables present the pre-tax effect of derivatives not designated as hedging instruments recognized in income or regulatory assetsfor the periods ended September 30, 2013.

	Location of Gain (Loss) Recognized in
Derivative Instruments	Income on Derivatives	Three Months		Nine Months
Interest rate swaps	Interest expense	$	(2)	$	(6)
	Location of Gain (Loss) Recognized in
Derivative Instruments	Regulatory Assets	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	2	$	18

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets								Liabilities
				Eligible for Offset								Eligible for Offset
						Cash								Cash
				Derivative		Collateral						Derivative		Collateral
		Gross		Instruments		Received		Net		Gross		Instruments		Pledged		Net
September 30, 2014
PPL
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120
	Treasury Derivatives		57		46				11		137		46		21		70
Total		$	1,098	$	961	$	9	$	128	$	1,274	$	961	$	123	$	190
PPL Energy Supply
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120

LKE
	Treasury Derivatives	$	6	$	4	$	2	$	46	$	4	$	19	$	23
LG&E
	Treasury Derivatives	$	3	$	2	$	1	$	44	$	2	$	19	$	23
KU
	Treasury Derivatives	$	3	$	2	$	1	$	2	$	2

December 31, 2013
PPL
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157
	Treasury Derivatives		91		61				30		174		61		23		90
Total		$	1,279	$	973	$	7	$	299	$	1,244	$	973	$	24	$	247
PPL Energy Supply
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157

LKE
	Treasury Derivatives	$	36	$	20	$	16
LG&E
	Treasury Derivatives	$	36	$	20	$	16

Credit Risk-Related Contingent Features

At September 30, 2014, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those positions and the related effect of a decrease in credit ratings below investment grade are summarized as follows:

					PPL
		PPL			Energy Supply			LKE		LG&E
Aggregate fair value of derivative instruments in a net liability
	position with credit risk-related contingent features	$	179		$	118		$	27	$	27
Aggregate fair value of collateral posted on these derivative instruments			119			99			20		20
Aggregate fair value of additional collateral requirements in the event of
	a credit downgrade below investment grade (a)		91	(b)		49	(b)		8		8

(a)Includes the effect of net receivables and payables already recorded on the Balance Sheet.

(b)During the second quarter of 2014, PPL Energy Supply experienced a downgrade in its corporate credit ratings to below investment grade. Amounts related to PPL Energy Supply represent net liability positions subject to further adequate assurance features.

Kentucky Utilities Co [Member]

Derivative Instruments And Hedging Activities [Line Items]

Fair Value and Balance Sheet Location of Derivative Instruments

The following table presents the fair value and the location on the Balance Sheets of derivative instruments designated as cash flow hedges.

				September 30, 2014				December 31, 2013
				Assets		Liabilities		Assets	Liabilities
Noncurrent:
	Price Risk Management
		Assets/Liabilities (a):
			Interest rate swaps	$	3	$	2

Pre-tax Gain (Loss) on Derivative Instruments Recognized in Income or on the Balance Sheet

The following tables present the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory assets and liabilities for the periods ended September 30, 2014.

Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory assets - noncurrent	$	(2)	$	(2)
Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	3	$	3

The following table presents the pre-tax effect of derivative instruments designated as cash flow hedges that are recognized in regulatory liabilities for the periods ended September 30, 2013.

Derivative Instruments	Location of Gain (Loss)	Three Months		Nine Months
Interest rate swaps	Regulatory liabilities - noncurrent	$	6	$	35

Derivative Positions Eligible for Offset with Related Cash Collateral

The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements and related cash collateral received or pledged.

		Assets								Liabilities
				Eligible for Offset								Eligible for Offset
						Cash								Cash
				Derivative		Collateral						Derivative		Collateral
		Gross		Instruments		Received		Net		Gross		Instruments		Pledged		Net
September 30, 2014
PPL
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120
	Treasury Derivatives		57		46				11		137		46		21		70
Total		$	1,098	$	961	$	9	$	128	$	1,274	$	961	$	123	$	190
PPL Energy Supply
	Energy Commodities	$	1,041	$	915	$	9	$	117	$	1,137	$	915	$	102	$	120

LKE
	Treasury Derivatives	$	6	$	4	$	2	$	46	$	4	$	19	$	23
LG&E
	Treasury Derivatives	$	3	$	2	$	1	$	44	$	2	$	19	$	23
KU
	Treasury Derivatives	$	3	$	2	$	1	$	2	$	2

December 31, 2013
PPL
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157
	Treasury Derivatives		91		61				30		174		61		23		90
Total		$	1,279	$	973	$	7	$	299	$	1,244	$	973	$	24	$	247
PPL Energy Supply
	Energy Commodities	$	1,188	$	912	$	7	$	269	$	1,070	$	912	$	1	$	157