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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Millions, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 1,188 $ 1,102
Restricted cash and cash equivalents 274 83
Accounts receivable (less reserve:)    
Customer 911 923
Other 139 97
Unbilled revenues 676 835
Fuel, materials and supplies 763 702
Prepayments 117 153
Deferred income taxes 242 246
Price risk management assets 732 942
Assets of discontinued operations 647 0
Regulatory assets 28 33
Other current assets 43 37
Total Current Assets 5,760 5,153
Investments    
Nuclear plant decommissioning trust funds 911 864
Other investments 36 43
Total Investments 947 907
Property, Plant and Equipment    
Regulated utility plant 30,169 27,755
Less: accumulated depreciation - regulated utility plant 5,315 4,873
Regulated utility plant, net 24,854 22,882
Non-regulated property, plant and equipment    
Generation 11,179 11,881
Nuclear fuel 624 591
Other 869 834
Less: accumulated depreciation - non-regulated property, plant and equipment 6,323 6,172
Non-regulated property, plant and equipment, net 6,349 7,134
Construction work in progress 3,194 3,071
Property, Plant and Equipment, net 34,397 33,087
Assets, Noncurrent [Abstract]    
Regulatory assets 1,253 1,246
Goodwill 4,187 [1] 4,225 [1]
Other intangibles 936 947
Price risk management assets 366 337
Other noncurrent assets 343 357
Total Other Noncurrent Assets 7,085 7,112
Total Assets 48,189 46,259
Current Liabilities    
Short-term debt 1,099 701
Long-term debt due within one year 235 315
Accounts payable 1,208 1,308
Taxes 281 114
Interest 354 325
Dividends 248 232
Price risk management liabilities 897 829
Regulatory liabilities 92 90
Other current liabilities 998 998
Total Current Liabilities 5,412 4,912
Long-term Debt 20,522 20,592
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 4,423 3,928
Investment tax credits 161 342
Price risk management liabilities 377 415
Accrued pension obligations 952 1,286
Asset retirement obligations 739 687
Regulatory liabilities 1,028 1,048
Other deferred credits and noncurrent liabilities 601 583
Total Deferred Credits and Other Noncurrent Liabilities 8,281 8,289
Commitments and Contingent Liabilities      
Equity    
Common stock 7 [2] 6 [2]
Additional paid-in capital 9,388 8,316
Earnings reinvested 6,017 5,709
Accumulated other comprehensive income (loss) (1,438) (1,565)
Total Stockholders' Equity 13,974 12,466
Total Liabilities and Equity 48,189 46,259
PPL Energy Supply LLC [Member]
   
Current Assets    
Cash and cash equivalents 194 239
Restricted cash and cash equivalents 267 68
Accounts receivable (less reserve:)    
Customer 203 233
Other 96 97
Unbilled revenues 245 286
Accounts receivable from affiliates 44 45
Fuel, materials and supplies 425 358
Prepayments 10 20
Deferred income taxes 35 0
Price risk management assets 713 860
Assets of discontinued operations 578 0
Other current assets 30 27
Total Current Assets 2,840 2,233
Investments    
Nuclear plant decommissioning trust funds 911 864
Other investments 32 37
Total Investments 943 901
Non-regulated property, plant and equipment    
Generation 11,188 11,891
Nuclear fuel 624 591
Other 296 288
Less: accumulated depreciation - non-regulated property, plant and equipment 6,157 6,046
Non-regulated property, plant and equipment, net 5,951 6,724
Construction work in progress 408 450
Property, Plant and Equipment, net 6,359 7,174
Assets, Noncurrent [Abstract]    
Goodwill 72 86
Other intangibles 254 266
Price risk management assets 328 328
Other noncurrent assets 77 86
Total Other Noncurrent Assets 731 766
Total Assets 10,873 11,074
Current Liabilities    
Short-term debt 590 0
Long-term debt due within one year 235 304
Accounts payable 272 393
Accounts payable to affiliates 42 4
Taxes 101 31
Interest 42 22
Price risk management liabilities 850 750
Other current liabilities 243 278
Total Current Liabilities 2,375 1,782
Long-term Debt 1,983 2,221
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,185 1,114
Investment tax credits 27 205
Price risk management liabilities 287 320
Accrued pension obligations 103 111
Asset retirement obligations 413 393
Other deferred credits and noncurrent liabilities 135 130
Total Deferred Credits and Other Noncurrent Liabilities 2,150 2,273
Commitments and Contingent Liabilities      
Equity    
Accumulated other comprehensive income (loss) 78 77
Member's Equity 4,365 4,798
Total Liabilities and Equity 10,873 11,074
PPL Electric Utilities Corp [Member]
   
Current Assets    
Cash and cash equivalents 111 25
Accounts receivable (less reserve:)    
Customer 309 284
Other 27 5
Unbilled revenues 76 116
Accounts receivable from affiliates 2 4
Notes receivable from affiliates 0 150
Fuel, materials and supplies 35 35
Prepayments 28 40
Deferred income taxes 89 85
Regulatory assets 3 6
Other current assets 13 22
Total Current Assets 690 766
Property, Plant and Equipment    
Regulated utility plant 7,430 6,886
Less: accumulated depreciation - regulated utility plant 2,523 2,417
Regulated utility plant, net 4,907 4,469
Non-regulated property, plant and equipment    
Other, net 2 2
Construction work in progress 713 591
Property, Plant and Equipment, net 5,622 5,062
Assets, Noncurrent [Abstract]    
Regulatory assets 772 772
Other intangibles 234 211
Other noncurrent assets 37 35
Total Other Noncurrent Assets 1,043 1,018
Total Assets 7,355 6,846
Current Liabilities    
Short-term debt 0 20
Long-term debt due within one year 0 10
Accounts payable 280 295
Accounts payable to affiliates 53 57
Taxes 52 51
Interest 27 34
Regulatory liabilities 81 76
Other current liabilities 92 82
Total Current Liabilities 585 625
Long-term Debt 2,602 2,305
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,490 1,399
Accrued pension obligations 84 96
Regulatory liabilities 18 15
Other deferred credits and noncurrent liabilities 59 57
Total Deferred Credits and Other Noncurrent Liabilities 1,651 1,567
Commitments and Contingent Liabilities      
Equity    
Common stock 364 [3] 364 [3]
Additional paid-in capital 1,435 1,340
Earnings reinvested 718 645
Total Stockholders' Equity 2,517 2,349
Total Liabilities and Equity 7,355 6,846
LG And E And KU Energy LLC [Member]
   
Current Assets    
Cash and cash equivalents 47 35
Accounts receivable (less reserve:)    
Customer 219 224
Other 44 20
Unbilled revenues 131 180
Notes receivable from affiliates 0 70
Fuel, materials and supplies 274 278
Prepayments 28 21
Deferred income taxes 69 159
Regulatory assets 25 27
Other current assets 4 3
Total Current Assets 841 1,017
Property, Plant and Equipment    
Regulated utility plant 9,399 8,526
Less: accumulated depreciation - regulated utility plant 996 778
Regulated utility plant, net 8,403 7,748
Non-regulated property, plant and equipment    
Other, net 4 3
Construction work in progress 1,812 1,793
Property, Plant and Equipment, net 10,219 9,544
Assets, Noncurrent [Abstract]    
Regulatory assets 481 474
Goodwill 996 996
Other intangibles 185 221
Price risk management assets from affiliates 6 0
Other noncurrent assets 99 98
Total Other Noncurrent Assets 1,767 1,789
Total Assets 12,827 12,350
Current Liabilities    
Short-term debt 348 245
Notes payable with affiliates 22 0
Accounts payable 429 346
Accounts payable to affiliates 1 3
Customer deposits 51 50
Taxes 44 39
Interest 59 23
Price risk management liabilities 4 4
Regulatory liabilities 11 14
Other current liabilities 113 111
Total Current Liabilities 1,082 835
Long-term Debt 4,566 4,565
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,131 965
Investment tax credits 132 135
Price risk management liabilities 38 32
Price risk management liabilities from affiliates 4 0
Accrued pension obligations 116 152
Asset retirement obligations 275 245
Regulatory liabilities 1,010 1,033
Other deferred credits and noncurrent liabilities 243 238
Total Deferred Credits and Other Noncurrent Liabilities 2,949 2,800
Commitments and Contingent Liabilities      
Equity    
Member's Equity 4,230 4,150
Total Liabilities and Equity 12,827 12,350
Louisville Gas And Electric Co [Member]
   
Current Assets    
Cash and cash equivalents 25 8
Accounts receivable (less reserve:)    
Customer 93 102
Other 12 9
Unbilled revenues 58 85
Accounts receivable from affiliates 10 0
Fuel, materials and supplies 149 154
Prepayments 5 7
Regulatory assets 23 17
Other current assets 2 3
Total Current Assets 377 385
Property, Plant and Equipment    
Regulated utility plant 3,606 3,383
Less: accumulated depreciation - regulated utility plant 429 332
Regulated utility plant, net 3,177 3,051
Non-regulated property, plant and equipment    
Construction work in progress 912 651
Property, Plant and Equipment, net 4,089 3,702
Assets, Noncurrent [Abstract]    
Regulatory assets 305 303
Goodwill 389 389
Other intangibles 102 120
Price risk management assets from affiliates 3 0
Other noncurrent assets 34 35
Total Other Noncurrent Assets 833 847
Total Assets 5,299 4,934
Current Liabilities    
Short-term debt 143 20
Accounts payable 250 166
Accounts payable to affiliates 20 24
Customer deposits 24 24
Taxes 21 11
Interest 15 6
Price risk management liabilities 4 4
Regulatory liabilities 9 9
Other current liabilities 33 32
Total Current Liabilities 519 296
Long-term Debt 1,353 1,353
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 613 582
Investment tax credits 37 38
Price risk management liabilities 38 32
Price risk management liabilities from affiliates 2 0
Accrued pension obligations 9 19
Asset retirement obligations 69 68
Regulatory liabilities 471 482
Other deferred credits and noncurrent liabilities 105 104
Total Deferred Credits and Other Noncurrent Liabilities 1,344 1,325
Commitments and Contingent Liabilities      
Equity    
Common stock 424 [4] 424 [4]
Additional paid-in capital 1,437 1,364
Earnings reinvested 222 172
Total Stockholders' Equity 2,083 1,960
Total Liabilities and Equity 5,299 4,934
Kentucky Utilities Co [Member]
   
Current Assets    
Cash and cash equivalents 22 21
Accounts receivable (less reserve:)    
Customer 126 122
Other 8 9
Unbilled revenues 73 95
Fuel, materials and supplies 125 124
Prepayments 11 4
Regulatory assets 2 10
Other current assets 3 6
Total Current Assets 370 391
Property, Plant and Equipment    
Regulated utility plant 5,793 5,143
Less: accumulated depreciation - regulated utility plant 567 446
Regulated utility plant, net 5,226 4,697
Non-regulated property, plant and equipment    
Other, net 1 1
Construction work in progress 897 1,139
Property, Plant and Equipment, net 6,124 5,837
Assets, Noncurrent [Abstract]    
Regulatory assets 176 171
Goodwill 607 607
Other intangibles 83 101
Price risk management assets from affiliates 3 0
Other noncurrent assets 59 56
Total Other Noncurrent Assets 928 935
Total Assets 7,422 7,163
Current Liabilities    
Short-term debt 130 150
Accounts payable 166 159
Accounts payable to affiliates 29 25
Customer deposits 27 26
Taxes 21 33
Interest 29 11
Regulatory liabilities 2 5
Other current liabilities 38 36
Total Current Liabilities 442 445
Long-term Debt 2,091 2,091
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 786 658
Investment tax credits 95 97
Price risk management liabilities from affiliates 2 0
Accrued pension obligations 2 11
Asset retirement obligations 206 177
Regulatory liabilities 539 551
Other deferred credits and noncurrent liabilities 89 89
Total Deferred Credits and Other Noncurrent Liabilities 1,719 1,583
Commitments and Contingent Liabilities      
Equity    
Common stock 308 [5] 308 [5]
Additional paid-in capital 2,571 2,505
Earnings reinvested 291 230
Accumulated other comprehensive income (loss) 0 1
Total Stockholders' Equity 3,170 3,044
Total Liabilities and Equity $ 7,422 $ 7,163
[1]

There were no accumulated impairment losses related to goodwill.

[2]

780,000 shares authorized; 664,653 and 630,321 shares issued and outstanding at September 30, 2014 and December 31, 2013.

[3]

170,000 shares authorized; 66,368 shares issued and outstanding at September 30, 2014 and December 31, 2013.

[4]

75,000shares authorized; 21,294 shares issued and outstanding at September 30, 2014 andDecember 31, 2013.

[5]

80,000shares authorized;37,818 shares issued and outstanding at September 30, 2014 andDecember 31, 2013.