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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Line Items]  
Stock-Based Compensation, Plan Award Limits
The following table details the award limits under each of the Plans.
 
 
Total Plan
 
Annual Grant Limit
Total As % of
Outstanding
 
Annual Grant
 
Annual Grant Limit
For Individual Participants -
Performance Based Awards
 
 
Award
Limit
 
PPL Common Stock
On First Day of
 
Limit
Options
 
For awards
denominated in
 
For awards
denominated in
Plan
 
(Shares)
 
Each Calendar Year
 
(Shares)
 
shares (Shares)
 
cash (in dollars)
SIP
 
10,000,000

 
 
 
2,000,000

 
750,000

 
$
15,000,000

ICPKE
 
14,199,796

 
2
%
 
3,000,000

 
 

 
 

 
Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
The weighted-average grant date fair value of restricted stock and restricted stock units granted was:
 
2016
 
2015
 
2014
PPL
$
33.84

 
$
34.50

 
$
31.50

PPL Electric
34.32

 
34.41

 
31.81

LKE
33.73

 
34.89

 
30.98

Restricted Stock and Restricted Stock Units, Activity Rollforward
Restricted stock and restricted stock unit activity for 2016 was:
 
Restricted
Shares/Units
 
Weighted-
Average
Grant Date Fair
Value Per Share
PPL
 
 
 
Nonvested, beginning of period
1,679,475

 
$
29.65

Granted
536,208

 
33.84

Vested
(869,932
)
 
29.30

Forfeited
(8,726
)
 
32.59

Nonvested, end of period (a)
1,337,025

 
31.57

 
 
 
 
PPL Electric
 
 
 
Nonvested, beginning of period
221,085

 
$
29.48

Transfer between registrants
(10,405
)
 
30.98

Granted
70,486

 
34.32

Vested
(73,488
)
 
28.91

Forfeited
(3,108
)
 
32.81

Nonvested, end of period
204,570

 
31.27

 
 
 
 
LKE
 
 
 
Nonvested, beginning of period
318,963

 
$
29.65

Transfer between registrants
(24,993
)
 
30.52

Granted
86,987

 
33.73

Vested
(137,676
)
 
28.76

Nonvested, end of period
243,281

 
31.53

 
(a)
Excludes 862,337 restricted stock units for which restrictions lapsed for former PPL Energy Supply employees as a result of the spinoff, but for which distribution will not occur until the end of the original restriction period of the awards.
Restricted Stock and Restricted Stock Units, Total Fair Value Vested at Year End
The total fair value of restricted stock and restricted stock units vesting for the years ended December 31 was:
 
2016
 
2015
 
2014
PPL
$
30

 
$
28

 
$
11

PPL Electric
3

 
4

 
2

LKE
5

 
4

 

Performance Units, Valuation Assumptions
The weighted-average assumptions used in the model were:
 
2016
 
2015
 
2014
Expected stock volatility
19.60
%
 
15.90
%
 
15.80
%
Expected life
3 years

 
3 years

 
3 years

Performance Units, Weighted Average Grant Date Fair Value
The weighted-average grant date fair value of performance units granted was:
 
2016
 
2015
 
2014
PPL
$
35.74

 
$
36.76

 
$
34.55

PPL Electric
35.68

 
37.93

 
34.43

LKE
35.28

 
37.10

 
34.12

Performance Units, Activity Rollforward
Performance unit activity for 2016 was:
 
Performance
Units
 
Weighted-
Average Grant
Date Fair Value
Per Share
PPL
 
 
 
Nonvested, beginning of period
993,540

 
$
33.09

Granted
471,401

 
35.74

Vested
(375,668
)
 
31.96

Forfeited
(18,737
)
 
33.22

Nonvested, end of period (a)
1,070,536

 
34.65

 
Performance
Units
 
Weighted-
Average Grant
Date Fair Value
Per Share
 
 
 
 
PPL Electric
 
 
 
Nonvested, beginning of period
67,671

 
$
33.05

Granted
35,694

 
35.68

Vested
(23,880
)
 
31.89

Forfeited
(2,759
)
 
31.74

Nonvested, end of period
76,726

 
34.68

 
 
 
 
LKE
 
 
 
Nonvested, beginning of period
193,164

 
$
32.96

Transfer between registrants
(4,432
)
 
35.07

Granted
84,298

 
35.28

Vested
(70,048
)
 
31.74

Forfeited
(11,381
)
 
33.61

Nonvested, end of period
191,601

 
34.34



(a)
Excludes 230,196 performance units for which the service vesting requirement was waived for former PPL Energy Supply employees as a result of the spinoff, but for which the ultimate number of shares to be distributed will depend on the actual attainment of the performance goals at the end of the specified performance periods.

Stock Options, Activity Rollforward
Stock option activity for 2016 was:
 
Number
of Options
 
Weighted
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (years)
 
Aggregate
Total Intrinsic
Value
PPL
 
 
 
 
 
 
 
Outstanding at beginning of period
6,385,149

 
$
28.54

 
 
 
 
Exercised
(1,903,989
)
 
27.51

 
 
 
 
Outstanding and exercisable at end of period
4,481,160

 
28.98

 
4.4
 
$
29

 
 
 
 
 
 
 
 
PPL Electric
 
 
 
 
 
 
 
Outstanding at beginning of period
313,433

 
$
27.79

 
 
 
 
Exercised
(72,494
)
 
28.84

 
 
 
 
Outstanding and exercisable at end of period
240,939

 
27.48

 
4.5
 
$
2

 
 
 
 
 
 
 
 
LKE
 
 
 
 
 
 
 
Outstanding at beginning of period
425,656

 
$
26.08

 
 
 
 
Exercised
(363,760
)
 
26.12

 
 
 
 
Outstanding and exercisable at end of period
61,896

 
25.81

 
5.5
 
$
1


Compensation Costs for Restricted Stock, Restricted Stock Units, Performance Units and Stock Options
Compensation expense for restricted stock, restricted stock units, performance units and stock options accounted for as equity awards, which for PPL Electric and LKE includes an allocation of PPL Services' expense, was:
 
2016
 
2015
 
2014
PPL
$
27

 
$
33

 
$
30

PPL Electric
16

 
14

 
12

LKE
7

 
8

 
8


The income tax benefit related to above compensation expense was as follows:
 
2016
 
2015
 
2014
PPL
$
12

 
$
14

 
$
12

PPL Electric
7

 
6

 
5

LKE
3

 
3

 
3

Unrecognized Compensation Cost, Nonvested Restricted Stock, Restricted Stock Units, Performance Units and Stock Option Awards
At December 31, 2016, unrecognized compensation expense related to nonvested restricted stock, restricted stock units, and performance units was:
 
Unrecognized
Compensation
Expense
 
Weighted-
Average
Period for
Recognition
PPL
$
8

 
1.8
PPL Electric
1

 
1.8
LKE
1

 
1.6
PPL Electric Utilities Corp [Member]  
Disclosure Of Compensation Related Costs Sharebased Payments [Line Items]  
Stock-Based Compensation, Plan Award Limits
The following table details the award limits under each of the Plans.
 
 
Total Plan
 
Annual Grant Limit
Total As % of
Outstanding
 
Annual Grant
 
Annual Grant Limit
For Individual Participants -
Performance Based Awards
 
 
Award
Limit
 
PPL Common Stock
On First Day of
 
Limit
Options
 
For awards
denominated in
 
For awards
denominated in
Plan
 
(Shares)
 
Each Calendar Year
 
(Shares)
 
shares (Shares)
 
cash (in dollars)
SIP
 
10,000,000

 
 
 
2,000,000

 
750,000

 
$
15,000,000

ICPKE
 
14,199,796

 
2
%
 
3,000,000

 
 

 
 

 
Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
The weighted-average grant date fair value of restricted stock and restricted stock units granted was:
 
2016
 
2015
 
2014
PPL
$
33.84

 
$
34.50

 
$
31.50

PPL Electric
34.32

 
34.41

 
31.81

LKE
33.73

 
34.89

 
30.98

Restricted Stock and Restricted Stock Units, Activity Rollforward
Restricted stock and restricted stock unit activity for 2016 was:
 
Restricted
Shares/Units
 
Weighted-
Average
Grant Date Fair
Value Per Share
PPL
 
 
 
Nonvested, beginning of period
1,679,475

 
$
29.65

Granted
536,208

 
33.84

Vested
(869,932
)
 
29.30

Forfeited
(8,726
)
 
32.59

Nonvested, end of period (a)
1,337,025

 
31.57

 
 
 
 
PPL Electric
 
 
 
Nonvested, beginning of period
221,085

 
$
29.48

Transfer between registrants
(10,405
)
 
30.98

Granted
70,486

 
34.32

Vested
(73,488
)
 
28.91

Forfeited
(3,108
)
 
32.81

Nonvested, end of period
204,570

 
31.27

 
 
 
 
LKE
 
 
 
Nonvested, beginning of period
318,963

 
$
29.65

Transfer between registrants
(24,993
)
 
30.52

Granted
86,987

 
33.73

Vested
(137,676
)
 
28.76

Nonvested, end of period
243,281

 
31.53

 
(a)
Excludes 862,337 restricted stock units for which restrictions lapsed for former PPL Energy Supply employees as a result of the spinoff, but for which distribution will not occur until the end of the original restriction period of the awards.
Restricted Stock and Restricted Stock Units, Total Fair Value Vested at Year End
The total fair value of restricted stock and restricted stock units vesting for the years ended December 31 was:
 
2016
 
2015
 
2014
PPL
$
30

 
$
28

 
$
11

PPL Electric
3

 
4

 
2

LKE
5

 
4

 

Performance Units, Valuation Assumptions
The weighted-average assumptions used in the model were:
 
2016
 
2015
 
2014
Expected stock volatility
19.60
%
 
15.90
%
 
15.80
%
Expected life
3 years

 
3 years

 
3 years

Performance Units, Weighted Average Grant Date Fair Value
The weighted-average grant date fair value of performance units granted was:
 
2016
 
2015
 
2014
PPL
$
35.74

 
$
36.76

 
$
34.55

PPL Electric
35.68

 
37.93

 
34.43

LKE
35.28

 
37.10

 
34.12

Performance Units, Activity Rollforward
Performance unit activity for 2016 was:
 
Performance
Units
 
Weighted-
Average Grant
Date Fair Value
Per Share
PPL
 
 
 
Nonvested, beginning of period
993,540

 
$
33.09

Granted
471,401

 
35.74

Vested
(375,668
)
 
31.96

Forfeited
(18,737
)
 
33.22

Nonvested, end of period (a)
1,070,536

 
34.65

 
Performance
Units
 
Weighted-
Average Grant
Date Fair Value
Per Share
 
 
 
 
PPL Electric
 
 
 
Nonvested, beginning of period
67,671

 
$
33.05

Granted
35,694

 
35.68

Vested
(23,880
)
 
31.89

Forfeited
(2,759
)
 
31.74

Nonvested, end of period
76,726

 
34.68

 
 
 
 
LKE
 
 
 
Nonvested, beginning of period
193,164

 
$
32.96

Transfer between registrants
(4,432
)
 
35.07

Granted
84,298

 
35.28

Vested
(70,048
)
 
31.74

Forfeited
(11,381
)
 
33.61

Nonvested, end of period
191,601

 
34.34



(a)
Excludes 230,196 performance units for which the service vesting requirement was waived for former PPL Energy Supply employees as a result of the spinoff, but for which the ultimate number of shares to be distributed will depend on the actual attainment of the performance goals at the end of the specified performance periods.

Stock Options, Activity Rollforward
Stock option activity for 2016 was:
 
Number
of Options
 
Weighted
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (years)
 
Aggregate
Total Intrinsic
Value
PPL
 
 
 
 
 
 
 
Outstanding at beginning of period
6,385,149

 
$
28.54

 
 
 
 
Exercised
(1,903,989
)
 
27.51

 
 
 
 
Outstanding and exercisable at end of period
4,481,160

 
28.98

 
4.4
 
$
29

 
 
 
 
 
 
 
 
PPL Electric
 
 
 
 
 
 
 
Outstanding at beginning of period
313,433

 
$
27.79

 
 
 
 
Exercised
(72,494
)
 
28.84

 
 
 
 
Outstanding and exercisable at end of period
240,939

 
27.48

 
4.5
 
$
2

 
 
 
 
 
 
 
 
LKE
 
 
 
 
 
 
 
Outstanding at beginning of period
425,656

 
$
26.08

 
 
 
 
Exercised
(363,760
)
 
26.12

 
 
 
 
Outstanding and exercisable at end of period
61,896

 
25.81

 
5.5
 
$
1


Compensation Costs for Restricted Stock, Restricted Stock Units, Performance Units and Stock Options
Compensation expense for restricted stock, restricted stock units, performance units and stock options accounted for as equity awards, which for PPL Electric and LKE includes an allocation of PPL Services' expense, was:
 
2016
 
2015
 
2014
PPL
$
27

 
$
33

 
$
30

PPL Electric
16

 
14

 
12

LKE
7

 
8

 
8


The income tax benefit related to above compensation expense was as follows:
 
2016
 
2015
 
2014
PPL
$
12

 
$
14

 
$
12

PPL Electric
7

 
6

 
5

LKE
3

 
3

 
3

Unrecognized Compensation Cost, Nonvested Restricted Stock, Restricted Stock Units, Performance Units and Stock Option Awards
At December 31, 2016, unrecognized compensation expense related to nonvested restricted stock, restricted stock units, and performance units was:
 
Unrecognized
Compensation
Expense
 
Weighted-
Average
Period for
Recognition
PPL
$
8

 
1.8
PPL Electric
1

 
1.8
LKE
1

 
1.6
LG And E And KU Energy LLC [Member]  
Disclosure Of Compensation Related Costs Sharebased Payments [Line Items]  
Stock-Based Compensation, Plan Award Limits
The following table details the award limits under each of the Plans.
 
 
Total Plan
 
Annual Grant Limit
Total As % of
Outstanding
 
Annual Grant
 
Annual Grant Limit
For Individual Participants -
Performance Based Awards
 
 
Award
Limit
 
PPL Common Stock
On First Day of
 
Limit
Options
 
For awards
denominated in
 
For awards
denominated in
Plan
 
(Shares)
 
Each Calendar Year
 
(Shares)
 
shares (Shares)
 
cash (in dollars)
SIP
 
10,000,000

 
 
 
2,000,000

 
750,000

 
$
15,000,000

ICPKE
 
14,199,796

 
2
%
 
3,000,000

 
 

 
 

 
Restricted Stock and Restricted Stock Units, Weighted Average Grant Date Fair Value
The weighted-average grant date fair value of restricted stock and restricted stock units granted was:
 
2016
 
2015
 
2014
PPL
$
33.84

 
$
34.50

 
$
31.50

PPL Electric
34.32

 
34.41

 
31.81

LKE
33.73

 
34.89

 
30.98

Restricted Stock and Restricted Stock Units, Activity Rollforward
Restricted stock and restricted stock unit activity for 2016 was:
 
Restricted
Shares/Units
 
Weighted-
Average
Grant Date Fair
Value Per Share
PPL
 
 
 
Nonvested, beginning of period
1,679,475

 
$
29.65

Granted
536,208

 
33.84

Vested
(869,932
)
 
29.30

Forfeited
(8,726
)
 
32.59

Nonvested, end of period (a)
1,337,025

 
31.57

 
 
 
 
PPL Electric
 
 
 
Nonvested, beginning of period
221,085

 
$
29.48

Transfer between registrants
(10,405
)
 
30.98

Granted
70,486

 
34.32

Vested
(73,488
)
 
28.91

Forfeited
(3,108
)
 
32.81

Nonvested, end of period
204,570

 
31.27

 
 
 
 
LKE
 
 
 
Nonvested, beginning of period
318,963

 
$
29.65

Transfer between registrants
(24,993
)
 
30.52

Granted
86,987

 
33.73

Vested
(137,676
)
 
28.76

Nonvested, end of period
243,281

 
31.53

 
(a)
Excludes 862,337 restricted stock units for which restrictions lapsed for former PPL Energy Supply employees as a result of the spinoff, but for which distribution will not occur until the end of the original restriction period of the awards.
Restricted Stock and Restricted Stock Units, Total Fair Value Vested at Year End
The total fair value of restricted stock and restricted stock units vesting for the years ended December 31 was:
 
2016
 
2015
 
2014
PPL
$
30

 
$
28

 
$
11

PPL Electric
3

 
4

 
2

LKE
5

 
4

 

Performance Units, Valuation Assumptions
The weighted-average assumptions used in the model were:
 
2016
 
2015
 
2014
Expected stock volatility
19.60
%
 
15.90
%
 
15.80
%
Expected life
3 years

 
3 years

 
3 years

Performance Units, Weighted Average Grant Date Fair Value
The weighted-average grant date fair value of performance units granted was:
 
2016
 
2015
 
2014
PPL
$
35.74

 
$
36.76

 
$
34.55

PPL Electric
35.68

 
37.93

 
34.43

LKE
35.28

 
37.10

 
34.12

Performance Units, Activity Rollforward
Performance unit activity for 2016 was:
 
Performance
Units
 
Weighted-
Average Grant
Date Fair Value
Per Share
PPL
 
 
 
Nonvested, beginning of period
993,540

 
$
33.09

Granted
471,401

 
35.74

Vested
(375,668
)
 
31.96

Forfeited
(18,737
)
 
33.22

Nonvested, end of period (a)
1,070,536

 
34.65

 
Performance
Units
 
Weighted-
Average Grant
Date Fair Value
Per Share
 
 
 
 
PPL Electric
 
 
 
Nonvested, beginning of period
67,671

 
$
33.05

Granted
35,694

 
35.68

Vested
(23,880
)
 
31.89

Forfeited
(2,759
)
 
31.74

Nonvested, end of period
76,726

 
34.68

 
 
 
 
LKE
 
 
 
Nonvested, beginning of period
193,164

 
$
32.96

Transfer between registrants
(4,432
)
 
35.07

Granted
84,298

 
35.28

Vested
(70,048
)
 
31.74

Forfeited
(11,381
)
 
33.61

Nonvested, end of period
191,601

 
34.34



(a)
Excludes 230,196 performance units for which the service vesting requirement was waived for former PPL Energy Supply employees as a result of the spinoff, but for which the ultimate number of shares to be distributed will depend on the actual attainment of the performance goals at the end of the specified performance periods.

Stock Options, Activity Rollforward
Stock option activity for 2016 was:
 
Number
of Options
 
Weighted
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (years)
 
Aggregate
Total Intrinsic
Value
PPL
 
 
 
 
 
 
 
Outstanding at beginning of period
6,385,149

 
$
28.54

 
 
 
 
Exercised
(1,903,989
)
 
27.51

 
 
 
 
Outstanding and exercisable at end of period
4,481,160

 
28.98

 
4.4
 
$
29

 
 
 
 
 
 
 
 
PPL Electric
 
 
 
 
 
 
 
Outstanding at beginning of period
313,433

 
$
27.79

 
 
 
 
Exercised
(72,494
)
 
28.84

 
 
 
 
Outstanding and exercisable at end of period
240,939

 
27.48

 
4.5
 
$
2

 
 
 
 
 
 
 
 
LKE
 
 
 
 
 
 
 
Outstanding at beginning of period
425,656

 
$
26.08

 
 
 
 
Exercised
(363,760
)
 
26.12

 
 
 
 
Outstanding and exercisable at end of period
61,896

 
25.81

 
5.5
 
$
1


Compensation Costs for Restricted Stock, Restricted Stock Units, Performance Units and Stock Options
Compensation expense for restricted stock, restricted stock units, performance units and stock options accounted for as equity awards, which for PPL Electric and LKE includes an allocation of PPL Services' expense, was:
 
2016
 
2015
 
2014
PPL
$
27

 
$
33

 
$
30

PPL Electric
16

 
14

 
12

LKE
7

 
8

 
8


The income tax benefit related to above compensation expense was as follows:
 
2016
 
2015
 
2014
PPL
$
12

 
$
14

 
$
12

PPL Electric
7

 
6

 
5

LKE
3

 
3

 
3

Unrecognized Compensation Cost, Nonvested Restricted Stock, Restricted Stock Units, Performance Units and Stock Option Awards
At December 31, 2016, unrecognized compensation expense related to nonvested restricted stock, restricted stock units, and performance units was:
 
Unrecognized
Compensation
Expense
 
Weighted-
Average
Period for
Recognition
PPL
$
8

 
1.8
PPL Electric
1

 
1.8
LKE
1

 
1.6