Available-for-Sale Securities

3 Months Ended

Mar. 31, 2015

Available-for-Sale Securities [Line Items]

Available-for-Sale Securities

17. Available-for-Sale Securities

(PPL)

Securities held by the NDT funds and auction rate securities are classified as available-for-sale. Available-for-sale securities are carried on the Balance Sheets at fair value. Unrealized gains and losses on these securities are reported, net of tax, in OCI or are recognized currently in earnings when a decline in fair value is determined to be other-than-temporary. The specific identification method is used to calculate realized gains and losses.

The following table shows the amortized cost, the gross unrealized gains and losses recorded in AOCI and the fair value of available-for-sale securities.

			March 31, 2015								December 31, 2014
					Gross		Gross						Gross		Gross
			Amortized		Unrealized		Unrealized				Amortized		Unrealized		Unrealized
			Cost		Gains		Losses		Fair Value		Cost		Gains		Losses		Fair Value
NDT funds:
		Cash and cash equivalents	$	20					$	20	$	19					$	19
		Equity securities		287	$	426				713		283	$	417				700
		Debt securities		218		12	$	1		229		218		11				229
		Receivables/payables, net		3						3		2						2
		Total NDT funds	$	528	$	438	$	1	$	965	$	522	$	428			$	950
Auction rate securities
	PPL		$	11			$	1	$	10	$	11			$	1	$	10

See Note 13 for details on the securities held by the NDT funds.

There were no securities with credit losses at March 31, 2015 and December 31, 2014.

The following table shows the scheduled maturity dates of debt securities held at March 31, 2015.

	Maturity		Maturity		Maturity		Maturity
	Less Than		1-5		6-10		in Excess
	1 Year		Years		Years		of 10 Years		Total
Amortized cost	$	11	$	82	$	67	$	69	$	229
Fair value		11		84		70		74		239

The following table shows proceeds from and realized gains and losses on sales of available-for-sale securities for the periods ended March 31.

	Three Months
	2015		2014
Proceeds from sales of NDT securities (a)	$	38	$	27
Other proceeds from sales				3
Gross realized gains (b)		5		3
Gross realized losses (b)		3		1

(a)These proceeds are used to pay income taxes and fees related to managing the trust. Remaining proceeds are reinvested in the trust.

(b)Excludes the impact of other-than-temporary impairment charges recognized on the Statements of Income.