Acquisitions, Development and Divestitures (Tables)

6 Months Ended

Jun. 30, 2016

Acquisitions Development And Divestitures [Abstract]

Spinoff Transaction, Fair Value Analysis

The following table summarizes PPL's fair value analysis:

Approach	Weighting	Weighted Fair Value (in billions)
Talen Energy Market Value	50%	$	1.4
Income/Discounted Cash Flow	30%	1.1
Alternative Market (Comparable Company)	20%	0.7
Estimated Fair Value		$	3.2

Disposal Groups, Including Discontinued Operations

Following are the components of Discontinued Operations in the Statement of Income for the periods ended June 30, 2015:

	Three Months			Six Months
Operating revenues	$	483		$	1,427
Operating expenses	561			1,328
Other Income (Expense) - net	(29		)	(22		)
Interest expense (a)	112			150
Income (loss) before income taxes	(219		)	(73		)
Income tax expense (benefit)	(91		)	(40		)
Loss on spinoff	(879		)	(879		)
Income (Loss) from Discontinued Operations (net of income taxes)	$	(1,007	)	$	(912	)

(a) Includes interest associated with the Supply Segment with no additional allocation as the Supply segment was sufficiently capitalized.