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Financing Activities (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities
The following credit facilities were in place at:
 
 
June 30, 2016
 
December 31, 2015
 
Expiration
Date
 
Capacity
 
Borrowed
 
Letters of
Credit
and
Commercial
Paper
Issued
 
Unused
Capacity
 
Borrowed
 
Letters of
Credit
and
Commercial
Paper
Issued
PPL
 
 
 

 
 

 
 

 
 

 
 

 
 

U.K.
 
 
 

 
 

 
 

 
 

 
 

 
 

WPD plc
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
Jan 2021
 
£
210

 
£
138

 
£

 
£
72

 
£
133

 
£

WPD (South West)
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
July 2020
 
245

 
100

 

 
145

 

 

WPD (East Midlands)
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
July 2020
 
300

 
31

 

 
269

 

 

WPD (West Midlands)
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
July 2020
 
300

 

 

 
300

 

 

Uncommitted Credit Facilities
 
 
40

 

 
4

 
36

 

 
4

Total U.K. Credit Facilities (a)
 
 
£
1,095

 
£
269

 
£
4

 
£
822

 
£
133

 
£
4

U.S.
 
 
 
 
 
 
 
 
 
 
 
 
 
PPL Capital Funding
 
 
 
 
 
 
 
 
 
 
 
 
 
Syndicated Credit Facility
Jan 2021
 
$
700

 
$

 
$
320

 
$
380

 
$

 
$
151

Syndicated Credit Facility
Nov 2018
 
300

 

 

 
300

 

 
300

Bilateral Credit Facility
Mar 2017
 
150

 

 
17

 
133

 

 
20

Total PPL Capital Funding Credit Facilities
 
 
$
1,150

 
$

 
$
337

 
$
813

 
$

 
$
471

 
 
 
 
 
 
 
 
 
 
 
 
 
 
PPL Electric
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
Jan 2021
 
$
400

 
$

 
$
7

 
$
393

 
$

 
$
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
LKE
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility (b)
Oct 2018
 
$
75

 
$

 
$

 
$
75

 
$
75

 
$

 
 
 
 
 
 
 
 
 
 
 
 
 
 
LG&E
 
 
 

 
 

 
 

 
 

 
 

 
 
Syndicated Credit Facility
Dec 2020
 
$
500

 
$

 
$
110

 
$
390

 
$

 
$
142

 
 
 
 
 
 
 
 
 
 
 
 
 
 
KU
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
Dec 2020
 
$
400

 
$

 
$
29

 
$
371

 
$

 
$
48

Letter of Credit Facility
Oct 2017
 
198

 

 
198

 

 

 
198

Total KU Credit Facilities
 
 
$
598

 
$

 
$
227

 
$
371

 
$

 
$
246

 
(a)
WPD plc's amounts borrowed at June 30, 2016 and December 31, 2015 were USD-denominated borrowings of $200 million for both periods, which bore interest at 1.27% and 1.83%. The unused capacity reflects the amount borrowed in GBP of £138 million as of the date borrowed. WPD (South West) amount borrowed at June 30, 2016 was a GBP-denominated borrowing which equated to $146 million and bore interest at 0.92%. WPD (East Midlands) amount borrowed at June 30, 2016 was a GBP-denominated borrowing which equated to $45 million and bore interest at 0.92%. At June 30, 2016, the unused capacity under the U.K. credit facilities was approximately $1.2 billion.
(b)
LKE's interest rate on outstanding borrowings at December 31, 2015 was 1.68%.

Schedule of Short-term Debt
The following commercial paper programs were in place at:
 
 
June 30, 2016
 
December 31, 2015
 
Weighted -
Average
Interest Rate
 
Capacity
 
Commercial
Paper
Issuances
 
Unused
Capacity
 
Weighted -
Average
Interest Rate
 
Commercial
Paper
Issuances
PPL Capital Funding
0.84%
 
$
1,000

 
$
320

 
$
680

 
0.78%
 
$
451

PPL Electric
0.75%
 
400

 
6

 
394

 

 

LG&E
0.70%
 
350

 
110

 
240

 
0.71%
 
142

KU
0.70%
 
350

 
29

 
321

 
0.72%
 
48

Total
 
 
$
2,100

 
$
465

 
$
1,635

 
 
 
$
641