Financing Activities (Tables)

9 Months Ended

Sep. 30, 2018

The following credit facilities were in place at:



	September 30, 2018									December 31, 2017
	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. 2023	£	210	£	154	£	—	£	54	£	148	£	—
Term Loan Facility (b)	Dec. 2018	130		130		—		—		—		—
WPD (South West)
Syndicated Credit Facility	July 2021	245		—		—		245		—		—
WPD (East Midlands)
Syndicated Credit Facility (c)	July 2021	300		93		—		207		180		—
WPD (West Midlands)
Syndicated Credit Facility (d)	July 2021	300		50		—		250		120		—
Uncommitted Credit Facilities		130		—		4		126		—		4
Total U.K. Credit Facilities (e)		£	1,315	£	427	£	4	£	882	£	448	£	4
U.S.
PPL Capital Funding
Syndicated Credit Facility	Jan. 2023	$	950	$	—	$	691	$	259	$	—	$	230
Syndicated Credit Facility	Nov. 2018	300		—		—		300		—		—
Bilateral Credit Facility	Mar. 2019	100		—		20		80		—		18
Total PPL Capital Funding Credit Facilities		$	1,350	$	—	$	711	$	639	$	—	$	248

PPL Electric
Syndicated Credit Facility	Jan. 2023	$	650	$	—	$	1	$	649	$	—	$	1

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

LG&E
Syndicated Credit Facility	Jan. 2023	$	500	$	—	$	176	$	324	$	—	$	199
Term Loan Credit Facility	Oct. 2019	200		200		—		—		100		—
Total LG&E Credit Facilities		$	700	$	200	$	176	$	324	$	100	$	199



	September 30, 2018									December 31, 2017
	Expiration Date	Capacity		Borrowed		Letters of Credit and Commercial Paper Issued		Unused Capacity		Borrowed		Letters of Credit and Commercial Paper Issued

KU
Syndicated Credit Facility	Jan. 2023	$	400	$	—	$	128	$	272	$	—	$	45
Letter of Credit Facility	Oct. 2020	198		—		198		—		—		198
Total KU Credit Facilities		$	598	$	—	$	326	$	272	$	—	$	243


(a)	The amounts borrowed at September 30, 2018 and December 31, 2017 were USD-denominated borrowings of $200 million for both periods, which bore interest at 2.90% and 2.17%. The unused capacity reflects the amount borrowed in GBP of £156 million as of the date borrowed.


(b)	The amount borrowed at September 30, 2018 was a GBP-denominated borrowing which equated to $168 million and bore interest at 1.97%.


(c)	The amounts borrowed at September 30, 2018 and December 31, 2017 were GBP-denominated borrowings which equated to $121 million and $244 million and bore interest at 1.09% and 0.89%.


(d)	The amounts borrowed at September 30, 2018 and December 31, 2017 were GBP-denominated borrowings which equated to $65 million and $162 million and bore interest at 1.12% and 0.89%.


(e)	At September 30, 2018, the unused capacity under the U.K. credit facilities was $1.1 billion.

The following commercial paper programs were in place at:



	September 30, 2018							December 31, 2017
	Weighted - Average Interest Rate	Capacity		Commercial Paper Issuances		Unused Capacity		Weighted - Average Interest Rate	Commercial Paper Issuances
PPL Capital Funding	2.38%	$	1,000	$	691	$	309	1.64%	$	230
PPL Electric		650		—		650			—
LG&E	2.34%	350		176		174		1.83%	199
KU	2.34%	350		128		222		1.97%	45
Total		$	2,350	$	995	$	1,355		$	474