Acquisitions, Development and Divestitures (Tables)

9 Months Ended

Sep. 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 September 30, 2015:

	Three Months			Nine Months
Operating revenues	$	—		$	1,427
Operating expenses	—			1,328
Other Income (Expense) - net	—			(22		)
Interest expense (a)	—			150
Income (loss) before income taxes	—			(73		)
Income tax expense (benefit)	3			(37		)
Loss on spinoff	—			(879		)
Income (Loss) from Discontinued Operations (net of income taxes)	$	(3	)	$	(915	)

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