Acquisitions, Development and Divestures (Tables)

12 Months Ended

Dec. 31, 2016

Acquisitions, Development and Divestitures [Line Items]

Components of Discontinued Operations

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

Following are the components of Discontinued Operations in the Statements of Income for the periods ended December 31:

	2015			2014
Operating revenues	$	1,427		$	3,848
Operating expenses	1,328			3,410
Other Income (Expense) - net	(21		)	13
Interest expense (a)	150			190
Gain on sale of Montana Hydro Sale	—			237
Income tax expense (benefit)	(30		)	198
Loss on spinoff	(879		)	—
Income (Loss) from Discontinued Operations (net of income taxes)	$	(921	)	$	300

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