Quarterly Financial Information (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Line Items]

Quarterly Financial Information (Unaudited)

QUARTERLY FINANCIAL, COMMON STOCK PRICE AND DIVIDEND DATA (Unaudited)
PPL Corporation and Subsidiaries
(Millions of Dollars, except per share data)
			For the Quarters Ended (a)
			March 31		June 30		Sept. 30		Dec. 31
2014
Operating revenues as previously reported			$	1,223	$	2,874
		Reclassification of discontinued operations (f)		(29)		(41)
		Operating revenues		1,194		2,833	$	3,449	$	4,023
Operating income as previously reported				715		718
		Reclassification of discontinued operations (f)		8		(21)
		Operating income		723		697		869		983
Income from continuing operations after income taxes
	as previously reported			316		229
		Reclassification of discontinued operations (f)		8		(11)
		Income from continuing operations after income taxes		324		218		490		551
Income from discontinued operations as previously reported
		Reclassification of discontinued operations (f)		(8)		11
		Income (loss) from discontinued operations (g)		(8)		11		7		144
Net income (g)				316		229		497		695
Net income attributable to PPL				316		229		497		695
Income from continuing operations after income taxes available to
	PPL common shareowners: (b)
		Basic EPS		0.51		0.33		0.73		0.82
		Diluted EPS		0.50		0.32		0.73		0.82
Net income available to PPL common shareowners: (b)
		Basic EPS		0.50		0.35		0.74		1.04
		Diluted EPS		0.49		0.34		0.74		1.04
Dividends declared per share of common stock (c)				0.3725		0.3725		0.3725		0.3725
Price per common share:
		High	$	33.24	$	35.56	$	35.52	$	38.14
		Low		29.40		32.32		31.79		32.09
2013
Operating revenues as previously reported			$	2,457	$	3,450	$	3,105	$	2,848
		Reclassification of discontinued operations (f)		(32)		(47)		(31)		(29)
		Operating revenues		2,425		3,403		3,074		2,819
Operating income as previously reported				693		758		857		31
		Reclassification of discontinued operations (f)		(14)		(26)		(11)		(10)
		Operating income (e)		679		732		846		21
Income (loss) from continuing operations after income taxes
	as previously reported			413		404		410		(98)
		Reclassification of discontinued operations (f)		(8)		(14)		(6)		(4)
		Income (loss) from continuing operations after income taxes (e)		405		390		404		(102)
Income from discontinued operations as previously reported						1		1
		Reclassification of discontinued operations (f)		8		14		6		4
		Income (loss) from discontinued operations		8		15		7		4
Net income (loss) (e)				413		405		411		(98)
Net income (loss) attributable to PPL (e)				413		405		410		(98)
Income (loss) from continuing operations after income taxes available to
	PPL common shareowners: (b) (e)
		Basic EPS		0.69		0.66		0.64		(0.16)
		Diluted EPS (d)		0.64		0.61		0.61		(0.16)
Net income (loss) available to PPL common shareowners: (b) (e)
		Basic EPS		0.70		0.68		0.65		(0.16)
		Diluted EPS (d)		0.65		0.63		0.62		(0.16)
Dividends declared per share of common stock (c)				0.3675		0.3675		0.3675		0.3675
Price per common share:
		High	$	31.35	$	33.55	$	32.09	$	31.79
		Low		28.64		28.44		29.03		28.95

(a)Quarterly results can vary depending on, among other things, weather and the forward pricing of power. Accordingly, comparisons among quarters of a year may not be indicative of overall trends and changes in operations.

(b)The sum of the quarterly amounts may not equal annual earnings per share due to changes in the number of common shares outstanding during the year or rounding.

(c)PPL has paid quarterly cash dividends on its common stock in every year since 1946. Future dividends, declared at the discretion of the Board of Directors, will be dependent upon future earnings, cash flows, financial requirements and other factors.

(d)As a result of a reported loss, diluted earnings per share for the three months ended December 31, 2013 exclude incremental shares as they were anti-dilutive.

(e)Fourth quarter of 2013 includes a charge for the termination of the lease of the Colstrip coal-fired electric generating facility in Montana. See Note 8 to the Financial Statements for additional information.

(f)In the third quarter of 2014, the hydroelectric generation facilities of PPL Montana met the criteria as held for sale. Accordingly, the previously reported operating results for these facilities have been reclassified as discontinued operations. See Note 8 to the Financial Statements for additional information.

(g)Fourth quarter of 2014 includes a gain of $137 million (after tax) from the sale of hydroelectric generating facilities of PPL Montana. See Note 8 to the Financial Statements for additional information.

PPL Electric Utilities Corp [Member]

Quarterly Financial Information Disclosure [Line Items]

Quarterly Financial Information (Unaudited)

QUARTERLY FINANCIAL DATA (Unaudited)
PPL Electric Utilities Corporation and Subsidiaries
(Millions of Dollars)
	For the Quarters Ended (a)
		March 31		June 30		Sept. 30		Dec. 31
2014
Operating revenues	$	592	$	449	$	477	$	526
Operating income		165		111		124		138
Net income		85		52		57		69
Net income available to PPL		85		52		57		69
2013
Operating revenues	$	513	$	414	$	464	$	479
Operating income		121		92		105		101
Net income		64		45		51		49
Net income available to PPL		64		45		51		49

(a)PPL Electric's business is seasonal in nature, with peak sales periods generally occurring in the winter and summer months. Accordingly, comparisons among quarters of a year may not be indicative of overall trends and changes in operations.