Financing Activities (Tables)

3 Months Ended

Mar. 31, 2019

The following credit facilities were in place at:



	March 31, 2019									December 31, 2018
	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	£	151	£	—	£	57	£	157	£	—
WPD (South West)
Syndicated Credit Facility	July 2021	245		—		—		245		—		—
WPD (East Midlands)
Syndicated Credit Facility (b)	July 2021	300		99		—		201		38		—
WPD (West Midlands)
Syndicated Credit Facility	July 2021	300		—		—		300		—		—
Uncommitted Credit Facilities		100		—		4		96		—		4
Total U.K. Credit Facilities (c)		£	1,155	£	250	£	4	£	899	£	195	£	4
U.S.
PPL Capital Funding
Syndicated Credit Facility	Jan. 2024	$	1,450	$	—	$	968	$	482	$	—	$	669
Bilateral Credit Facility	Mar. 2020	100		—		15		85		—		15
Total PPL Capital Funding Credit Facilities		$	1,550	$	—	$	983	$	567	$	—	$	684



	March 31, 2019									December 31, 2018
	Expiration Date	Capacity		Borrowed		Letters of Credit and Commercial Paper Issued		Unused Capacity		Borrowed		Letters of Credit and Commercial Paper Issued
PPL Electric
Syndicated Credit Facility	Jan. 2024	$	650	$	—	$	61	$	589	$	—	$	1

LG&E
Syndicated Credit Facility	Jan. 2024	$	500	$	—	$	269	$	231	$	—	$	279
Term Loan Credit Facility (d)	Oct. 2019	200		200		—		—		200		—
Total LG&E Credit Facilities		$	700	$	200	$	269	$	231	$	200	$	279

KU
Syndicated Credit Facility	Jan. 2024	$	400	$	—	$	233	$	167	$	—	$	235
Letter of Credit Facility	Oct. 2020	198		—		198		—		—		198
Total KU Credit Facilities		$	598	$	—	$	431	$	167	$	—	$	433


(a)	The amounts borrowed at March 31, 2019 and December 31, 2018 were USD-denominated borrowings of $200 million for both periods, which bore interest at 3.32% and 3.17%. The unused capacity reflects the amount borrowed in GBP of £153 million as of the date borrowed.


(b)	The amounts borrowed at March 31, 2019 and December 31, 2018 were GBP-denominated borrowings which equated to $131 million and $48 million and bore interest at 1.13% and 1.12%.


(c)	At March 31, 2019, the unused capacity under the U.K. credit facilities was $1.2 billion.


(d)	At March 31, 2019, amounts borrowed were reclassified to "Long-term debt" on the Balance Sheets as a result of the April 2019 long-term debt issuances discussed below.

The following commercial paper programs were in place at:



	March 31, 2019							December 31, 2018
	Weighted - Average Interest Rate	Capacity		Commercial Paper Issuances		Unused Capacity		Weighted - Average Interest Rate	Commercial Paper Issuances
PPL Capital Funding	2.88%	$	1,500	$	968	$	532	2.82%	$	669
PPL Electric	2.75%	650		60		590			—
LG&E (a)	2.75%	350		269		81		2.94%	279
KU (b)	2.75%	350		233		117		2.94%	235
Total		$	2,850	$	1,530	$	1,320		$	1,183


(a)	At March 31, 2019, $200 million of outstanding commercial paper issuances were reclassified to "Long-term debt" on the Balance Sheets as a result of the April 2019 long-term debt issuances discussed below.


(b)	At March 31, 2019, outstanding commercial paper issuances were reclassified to "Long-term debt" on the Balance Sheets as a result of the April 2019 long-term debt issuances discussed below.