Financing Activities (Tables)

9 Months Ended

Sep. 30, 2017

The following credit facilities were in place at:



	September 30, 2017									December 31, 2016
	Expiration Date	Capacity		Borrowed		Letters of Credit and Commercial Paper Issued		Unused Capacity		Borrowed		Letters of Credit and Commercial Paper Issued
PPL
U.K.
WPD plc
Syndicated Credit Facility (a)	Jan. 2022	£	210	£	155	£	—	£	54	£	160	£	—
Term Loan Facility (b)	Dec. 2017	230		230		—		—		—		—
WPD (South West)
Syndicated Credit Facility (c)	July 2021	245		—		—		245		110		—
WPD (East Midlands)
Syndicated Credit Facility (d)	July 2021	300		116		—		184		9		—
WPD (West Midlands)
Syndicated Credit Facility	July 2021	300		—		—		300		—		—
Uncommitted Credit Facilities (e)		100		70		4		26		60		4
Total U.K. Credit Facilities (f)		£	1,385	£	571	£	4	£	809	£	339	£	4



	September 30, 2017									December 31, 2016
	Expiration Date	Capacity		Borrowed		Letters of Credit and Commercial Paper Issued		Unused Capacity		Borrowed		Letters of Credit and Commercial Paper Issued
U.S.
PPL Capital Funding
Syndicated Credit Facility	Jan. 2022	$	950	$	—	$	285	$	665	$	—	$	20
Syndicated Credit Facility	Nov. 2018	300		—		—		300		—		—
Bilateral Credit Facility	Mar. 2018	150		—		18		132		—		17
Total PPL Capital Funding Credit Facilities		$	1,400	$	—	$	303	$	1,097	$	—	$	37

PPL Electric
Syndicated Credit Facility	Jan. 2022	$	650	$	—	$	1	$	649	$	—	$	296

LKE
Syndicated Credit Facility	Oct. 2018	$	75	$	—	$	—	$	75	$	—	$	—

LG&E
Syndicated Credit Facility	Jan. 2022	$	500	$	—	$	190	$	310	$	—	$	169

KU
Syndicated Credit Facility	Jan. 2022	$	400	$	—	$	—	$	400	$	—	$	16
Letter of Credit Facility	Oct. 2020	198		—		198		—		—		198
Total KU Credit Facilities		$	598	$	—	$	198	$	400	$	—	$	214


(a)	The amounts borrowed at September 30, 2017 and December 31, 2016 were USD-denominated borrowings of $200 million for both periods, which bore interest at 2.06% and 1.43%. The unused capacity reflects the amount borrowed in GBP of £156 million as of the date borrowed.


(b)	The amount borrowed at September 30, 2017 was a GBP-denominated borrowing which equated to $296 million and bore interest at 1.50%.


(c)	The amount borrowed at December 31, 2016 was a GBP-denominated borrowing which equated to $137 million and bore interest at 0.66%.


(d)	The amounts borrowed at September 30, 2017 and December 31, 2016 were GBP-denominated borrowings which equated to $150 million and $11 million and bore interest at 0.65% and 0.66%.


(e)	The amounts borrowed at September 30, 2017 and December 31, 2016 were GBP-denominated borrowings which equated to $90 million and $75 million and bore interest at 1.29% and 1.26%.


(f)	At September 30, 2017, the unused capacity under the U.K. credit facilities was $1.0 billion.

The following commercial paper programs were in place at:



	September 30, 2017							December 31, 2016
	Weighted - Average Interest Rate	Capacity		Commercial Paper Issuances		Unused Capacity		Weighted - Average Interest Rate	Commercial Paper Issuances
PPL Capital Funding	1.41%	$	1,000	$	285	$	715	1.10%	$	20
PPL Electric		650		—		650		1.05%	295
LG&E	1.38%	350		190		160		0.94%	169
KU		350		—		350		0.87%	16
Total		$	2,350	$	475	$	1,875		$	500

For the periods ended September 30, PPL issued the following:



	Three Months				Nine Months
	2017		2016		2017		2016
Number of shares (in thousands)	2,049		710		5,526		710
Average share price	$	39.04	$	35.23	$	38.49	$	35.23
Net Proceeds	$	79	$	25	$	211	$	25