XML 109 R56.htm IDEA: XBRL DOCUMENT v3.6.0.2
Summary of Significant Accounting Policies (Details)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
$ / shares
Sep. 30, 2016
USD ($)
$ / shares
Jun. 30, 2016
USD ($)
$ / shares
Mar. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Sep. 30, 2015
USD ($)
$ / shares
Jun. 30, 2015
USD ($)
$ / shares
Mar. 31, 2015
USD ($)
$ / shares
Dec. 31, 2016
USD ($)
Integer
$ / shares
MW
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
$ / shares
Summary of Significant Accounting Policies [Line Items]                      
Income Taxes                 $ 648 $ 465 $ 692
Utility Revenue (Details) [Abstract]                      
Domestic electric and gas revenue [1]                 5,297 5,239 5,209
U.K. operating revenues [2]                 2,207 2,410 2,621
Domestic - other                 13 20 22
Operating Revenues $ 1,832 [3] $ 1,889 [3] $ 1,785 [3] $ 2,011 [3] $ 1,780 [3] $ 1,878 [3] $ 1,781 [3] $ 2,230 [3] 7,517 7,669 7,852
Restricted Cash and Cash Equivalents (Numeric) [Abstract]                      
Restricted cash and cash equivalents 26       33       26 33  
Property, Plant and Equipment (Numeric) [Abstract]                      
Interest costs, capitalized during the period                 $ 11 11 $ 16
Defined Benefits [Abstract]                      
Percentage in excess of gains and losses equal to the plan's projected benefit obligation to use accelerated amortization                 30.00%    
The expected average remaining service of active plan participants                 50.00%    
Minimum percentage of gains and losses under the accelerated method that are amortized on a straight line basis                 10.00%    
Maximum percentage of gains and losses under the accelerated that are amortized on a straight line basis                 30.00%    
Discount Rate Change For United Kingdom Pension Plans Numeric [Abstract]                      
Decrease in net periodic defined benefit cost from change in the discount rate                 $ 43    
Decrease in net periodic defined benefit cost from change in the discount rate, after-tax                 $ 34    
Decrease in net periodic defined benefit cost from change in the discount rate, per share | $ / shares                 $ 0.05    
Income Taxes [Abstract]                      
Minimum percentage to be attained of likelihood of uncertain tax position being realized                 50.00%    
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet $ 356       $ 357       $ 356 $ 357  
Balance Sheet Classification of Deferred Taxes [Abstract]                      
Basic (in dollars per share) | $ / shares $ 0.68 [3],[4] $ 0.70 [3],[4] $ 0.71 [3],[4] $ 0.71 [3],[4] $ 0.59 [3],[4] $ 0.58 [3],[4] $ (1.13) [3],[4] $ 0.97 [3],[4] $ 2.80 $ 1.01 $ 2.64
New Accounting Pronouncement Early Adoption [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Income Taxes                 $ 10    
Balance Sheet Classification of Deferred Taxes [Abstract]                      
Basic (in dollars per share) | $ / shares                 $ 0.01    
Cumulative Effect Initial Adoption Of New Accounting Principle                 $ 7    
Minimum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 10 years    
Maximum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 25 years    
Fuel [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet $ 158       $ 168       $ 158 $ 168  
Natural Gas Stored Underground [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet [5] 42       42       42 42  
Material And Supplies [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 156       147       $ 156 $ 147  
Regulated Operations [Member] | Utility Plant [Member]                      
Depreciation (Details) [Abstract]                      
Weighted-average rates                 2.73% 2.57% 2.92%
Low Carbon Network Fund [Member]                      
Restricted Cash and Cash Equivalents (Numeric) [Abstract]                      
Restricted cash and cash equivalents [6] 17       22       $ 17 $ 22  
Other Restricted Cash [Member]                      
Restricted Cash and Cash Equivalents (Numeric) [Abstract]                      
Restricted cash and cash equivalents 9       11       9 11  
Allowance For Doubtful Accounts [Member]                      
Allowance for Doubtful Accounts (Details) [Roll Forward]                      
Balance at beginning of period       $ 41       $ 44 41 44 $ 43
Additions charged to income                 44 49 49
Additions charged to other accounts                 0 (2) 0
Deductions [7]                 31 50 48
Balance at end of period 54       41       54 41 44
Unaffiliated Third Party Entity [Member]                      
Accounts Receivable (Numeric) [Abstract]                      
Purchases of accounts receivable                 $ 1,400 $ 1,300 1,100
WPD [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Period of lag in reporting results for WPD (in months) | Integer                 1    
Revenue Recognition (Numeric) [Abstract]                      
Number of regulatory years later future demand revenue is affected                 2 years    
Percentage WPD's distribution network operators are able to retain of any under-spends                 70.00%    
Percentage WPD's distribution network operators bear of any over-spends                 70.00%    
Refunded/recovered period of lag for recovery of over and under-recovered amounts arising from 2014/15 onwards                 2 years    
Previous refunded/recovered period of lag for recovery of over and under-recovered amounts                 1 year    
Balance Sheet Classification of Deferred Taxes [Abstract]                      
RIIO-ED1 Price Control Period                 8 years    
WPD [Member] | Utility Plant [Member]                      
Depreciation (Details) [Abstract]                      
Weighted average useful life                 69 years 55 years  
Decrease in depreciation expense from change in weighted average useful lives                   $ 84  
Decrease in depreciation expense from change in weighted average useful lives, after-tax                   $ 66  
Decrease in depreciation expense from change in weighted average useful lives, per share | $ / shares                   $ 0.10  
PPL Electric Utilities Corp [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Liability Amortization Period                 5 years    
Income Taxes                 $ 212 $ 164 160
Utility Revenue (Details) [Abstract]                      
Operating Revenues 537 [8] $ 539 [8] $ 495 [8] 585 [8] 499 [8] $ 519 [8] $ 476 [8] 630 [8] 2,156 2,124 $ 2,044
Restricted Cash and Cash Equivalents (Numeric) [Abstract]                      
Restricted cash and cash equivalents 2       2       $ 2 2  
Defined Benefits [Abstract]                      
Percentage in excess of gains and losses equal to the plan's projected benefit obligation to use accelerated amortization                 30.00%    
The expected average remaining service of active plan participants                 50.00%    
Minimum percentage of gains and losses under the accelerated method that are amortized on a straight line basis                 10.00%    
Maximum percentage of gains and losses under the accelerated that are amortized on a straight line basis                 30.00%    
Income Taxes [Abstract]                      
Minimum percentage to be attained of likelihood of uncertain tax position being realized                 50.00%    
Intercompany tax receivables (payables) 13       56       $ 13 $ 56  
PPL Electric Utilities Corp [Member] | New Accounting Pronouncement Early Adoption [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Income Taxes                 $ 6    
PPL Electric Utilities Corp [Member] | Regulated Operations [Member] | Utility Plant [Member]                      
Depreciation (Details) [Abstract]                      
Weighted-average rates                 2.63% 2.46% 2.46%
PPL Electric Utilities Corp [Member] | Low Carbon Network Fund [Member]                      
Restricted Cash and Cash Equivalents (Numeric) [Abstract]                      
Restricted cash and cash equivalents 0       0       $ 0 $ 0  
PPL Electric Utilities Corp [Member] | Other Restricted Cash [Member]                      
Restricted Cash and Cash Equivalents (Numeric) [Abstract]                      
Restricted cash and cash equivalents 2       2       2 2  
PPL Electric Utilities Corp [Member] | Allowance For Doubtful Accounts [Member]                      
Allowance for Doubtful Accounts (Details) [Roll Forward]                      
Balance at beginning of period       16       17 16 17 $ 18
Additions charged to income                 35 39 34
Additions charged to other accounts                 0 0 0
Deductions [7]                 23 40 35
Balance at end of period 28       16       28 16 17
PPL Electric Utilities Corp [Member] | Unaffiliated Third Party Entity [Member]                      
Accounts Receivable (Numeric) [Abstract]                      
Purchases of accounts receivable                 1,400 1,300 1,100
PPL Electric Utilities Corp [Member] | PPL EnergyPlus [Member]                      
Accounts Receivable (Numeric) [Abstract]                      
Purchases of accounts receivable                   146 336
LG And E And KU Energy LLC [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Income Taxes                 257 239 209
Utility Revenue (Details) [Abstract]                      
Operating Revenues                 $ 3,141 3,115 $ 3,168
Defined Benefits [Abstract]                      
Percentage in excess of gains and losses equal to the plan's projected benefit obligation to use accelerated amortization                 30.00%    
The expected average remaining service of active plan participants                 50.00%    
Minimum percentage of gains and losses under the accelerated method that are amortized on a straight line basis                 10.00%    
Maximum percentage of gains and losses under the accelerated that are amortized on a straight line basis                 30.00%    
Income Taxes [Abstract]                      
Minimum percentage to be attained of likelihood of uncertain tax position being realized                 50.00%    
Intercompany tax receivables (payables) 1       (10)       $ 1 (10)  
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 297       298       $ 297 298  
LG And E And KU Energy LLC [Member] | Minimum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 10 years    
LG And E And KU Energy LLC [Member] | Maximum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 25 years    
LG And E And KU Energy LLC [Member] | Fuel [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 158       168       $ 158 168  
LG And E And KU Energy LLC [Member] | Natural Gas Stored Underground [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet [5] 42       42       42 42  
LG And E And KU Energy LLC [Member] | Material And Supplies [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 97       88       $ 97 $ 88  
LG And E And KU Energy LLC [Member] | Regulated Operations [Member] | Utility Plant [Member]                      
Depreciation (Details) [Abstract]                      
Weighted-average rates                 3.69% 3.69% 3.80%
LG And E And KU Energy LLC [Member] | Ohio Valley Electric Corporation [Member]                      
Cost Method Investments [Abstract]                      
Number of electric utilities that are equity owners | Integer                 10    
Number of companies power is supplied to | Integer                 11    
LG And E And KU Energy LLC [Member] | Allowance For Doubtful Accounts [Member]                      
Allowance for Doubtful Accounts (Details) [Roll Forward]                      
Balance at beginning of period       23       25 $ 23 $ 25 $ 22
Additions charged to income                 8 9 14
Additions charged to other accounts                 0 (2) 0
Deductions [7]                 7 9 11
Balance at end of period 24       23       $ 24 23 25
LG And E And KU Energy LLC [Member] | LGE [Member] | Ohio Valley Electric Corporation [Member]                      
Cost Method Investments [Abstract]                      
Ownership percentage                 5.63%    
Generation capacity in terms of ownership percentage (in MW) | MW                 120    
LG And E And KU Energy LLC [Member] | KU [Member] | Ohio Valley Electric Corporation [Member]                      
Cost Method Investments [Abstract]                      
Ownership percentage                 2.50%    
Generation capacity in terms of ownership percentage (in MW) | MW                 53    
Louisville Gas And Electric Co [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Income Taxes                 $ 126 114 103
Utility Revenue (Details) [Abstract]                      
Operating Revenues                 $ 1,430 1,444 $ 1,533
Defined Benefits [Abstract]                      
Percentage in excess of gains and losses equal to the plan's projected benefit obligation to use accelerated amortization                 30.00%    
The expected average remaining service of active plan participants                 50.00%    
Minimum percentage of gains and losses under the accelerated method that are amortized on a straight line basis                 10.00%    
Maximum percentage of gains and losses under the accelerated that are amortized on a straight line basis                 30.00%    
Income Taxes [Abstract]                      
Minimum percentage to be attained of likelihood of uncertain tax position being realized                 50.00%    
Intercompany tax receivables (payables) (18)       4       $ (18) 4  
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 143       151       $ 143 151  
Louisville Gas And Electric Co [Member] | Minimum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 10 years    
Louisville Gas And Electric Co [Member] | Maximum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 25 years    
Louisville Gas And Electric Co [Member] | Fuel [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 60       71       $ 60 71  
Louisville Gas And Electric Co [Member] | Natural Gas Stored Underground [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet [5] 42       42       42 42  
Louisville Gas And Electric Co [Member] | Material And Supplies [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 41       38       $ 41 $ 38  
Louisville Gas And Electric Co [Member] | Regulated Operations [Member] | Utility Plant [Member]                      
Depreciation (Details) [Abstract]                      
Weighted-average rates                 3.58% 3.65% 4.05%
Louisville Gas And Electric Co [Member] | Ohio Valley Electric Corporation [Member]                      
Cost Method Investments [Abstract]                      
Number of electric utilities that are equity owners | Integer                 10    
Number of companies power is supplied to | Integer                 11    
Ownership percentage                 5.63%    
Generation capacity in terms of ownership percentage (in MW) | MW                 120    
Louisville Gas And Electric Co [Member] | Allowance For Doubtful Accounts [Member]                      
Allowance for Doubtful Accounts (Details) [Roll Forward]                      
Balance at beginning of period       1       2 $ 1 $ 2 $ 2
Additions charged to income                 2 2 5
Additions charged to other accounts                 1 0 (1)
Deductions [7]                 2 3 4
Balance at end of period 2       1       2 1 2
Kentucky Utilities Co [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Income Taxes                 163 140 135
Utility Revenue (Details) [Abstract]                      
Operating Revenues                 $ 1,749 1,728 $ 1,737
Defined Benefits [Abstract]                      
Percentage in excess of gains and losses equal to the plan's projected benefit obligation to use accelerated amortization                 30.00%    
The expected average remaining service of active plan participants                 50.00%    
Minimum percentage of gains and losses under the accelerated method that are amortized on a straight line basis                 10.00%    
Maximum percentage of gains and losses under the accelerated that are amortized on a straight line basis                 30.00%    
Income Taxes [Abstract]                      
Minimum percentage to be attained of likelihood of uncertain tax position being realized                 50.00%    
Intercompany tax receivables (payables) (29)       (5)       $ (29) (5)  
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 154       147       $ 154 147  
Kentucky Utilities Co [Member] | Minimum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 10 years    
Kentucky Utilities Co [Member] | Maximum [Member]                      
Summary of Significant Accounting Policies [Line Items]                      
Regulatory Asset Amortization Period                 25 years    
Kentucky Utilities Co [Member] | Fuel [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 98       97       $ 98 97  
Kentucky Utilities Co [Member] | Natural Gas Stored Underground [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 0       0       0 0  
Kentucky Utilities Co [Member] | Material And Supplies [Member]                      
Fuel, Materials and Supplies (Details) [Abstract]                      
Fuel, materials and supplies on the Balance Sheet 56       50       $ 56 $ 50  
Kentucky Utilities Co [Member] | Regulated Operations [Member] | Utility Plant [Member]                      
Depreciation (Details) [Abstract]                      
Weighted-average rates                 3.77% 3.71% 3.63%
Kentucky Utilities Co [Member] | Ohio Valley Electric Corporation [Member]                      
Cost Method Investments [Abstract]                      
Number of electric utilities that are equity owners | Integer                 10    
Number of companies power is supplied to | Integer                 11    
Ownership percentage                 2.50%    
Generation capacity in terms of ownership percentage (in MW) | MW                 53    
Kentucky Utilities Co [Member] | Allowance For Doubtful Accounts [Member]                      
Allowance for Doubtful Accounts (Details) [Roll Forward]                      
Balance at beginning of period       $ 2       $ 2 $ 2 $ 2 $ 4
Additions charged to income                 4 5 8
Additions charged to other accounts                 0 0 (3)
Deductions [7]                 4 5 7
Balance at end of period $ 2       $ 2       $ 2 $ 2 $ 2
[1] Represents revenues from cost-based rate-regulated generation, transmission and/or distribution in Pennsylvania, Kentucky, Virginia and Tennessee, including regulated wholesale revenue.
[2] Primarily represents regulated electricity distribution revenues from the operation of WPD's distribution networks.
[3] Quarterly results can vary depending on, among other things, weather. Accordingly, comparisons among quarters of a year may not be indicative of overall trends and changes in operations.
[4] The sum of the quarterly amounts may not equal annual earnings per share due to changes in the number of common shares outstanding during the year or rounding.
[5] Natural gas stored underground is primarily held to serve retail customers.
[6] Funds received by WPD, which are to be spent on approved initiatives to support a low carbon environment.
[7] Primarily related to uncollectible accounts written off.
[8] PPL Electric's business is seasonal in nature, with peak sales periods generally occurring in the winter and summer months. Accordingly, comparisons among quarters of a year may not be indicative of overall trends and changes in operations.