XML 59 R36.htm IDEA: XBRL DOCUMENT v3.19.2
Financing Activities (Tables)
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of Line of Credit Facilities The following credit facilities were in place at:
 
June 30, 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

 
£
158

 
£

 
£
52

 
£
157

 
£

WPD (South West)
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
July 2021
 
245

 

 

 
245

 

 

WPD (East Midlands)
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility (b)
July 2021
 
300

 
81

 

 
219

 
38

 

WPD (West Midlands)
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility (c)
July 2021
 
300

 
33

 

 
267

 

 

Uncommitted Credit Facilities
 
 
100

 

 
4

 
96

 

 
4

Total U.K. Credit Facilities (d)
 
 
£
1,155

 
£
272

 
£
4

 
£
879

 
£
195

 
£
4

U.S.
 
 
 
 
 
 
 
 
 
 
 
 
 
PPL Capital Funding
 
 
 
 
 
 
 
 
 
 
 
 
 
Syndicated Credit Facility
Jan. 2024
 
$
1,450

 
$

 
$
1,014

 
$
436

 
$

 
$
669

Bilateral Credit Facility
Mar. 2020
 
100

 

 
15

 
85

 

 
15

Total PPL Capital Funding Credit Facilities
 
 
$
1,550

 
$

 
$
1,029

 
$
521

 
$

 
$
684

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 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

 
$

 
$
186

 
$
464

 
$

 
$
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
LG&E
 
 
 

 
 

 
 

 
 

 
 

 
 
Syndicated Credit Facility
Jan. 2024
 
$
500

 
$

 
$
96

 
$
404

 
$

 
$
279

Term Loan Credit Facility
Oct. 2019
 

 

 

 

 
200

 

Total LG&E Credit Facilities
 
 
$
500

 
$

 
$
96

 
$
404

 
$
200

 
$
279

 
 
 
 
 
 
 
 
 
 
 
 
 
 
KU
 
 
 

 
 

 
 

 
 

 
 

 
 

Syndicated Credit Facility
Jan. 2024
 
$
400

 
$

 
$

 
$
400

 
$

 
$
235

Letter of Credit Facility
Oct. 2020
 
198

 

 
198

 

 

 
198

Total KU Credit Facilities
 
 
$
598

 
$

 
$
198

 
$
400

 
$

 
$
433

 
(a)
The amounts borrowed at June 30, 2019 and December 31, 2018 were USD-denominated borrowings of $200 million for both periods, which bore interest at 3.25% and 3.17%.
(b)
The amounts borrowed at June 30, 2019 and December 31, 2018 were GBP-denominated borrowings which equated to $102 million and $48 million and bore interest at 1.13% and 1.12%.
(c)
The amount borrowed at June 30, 2019 was GBP-denominated borrowings which equated to $41 million and bore interest at 1.13%.
(d)
At June 30, 2019, the unused capacity under the U.K. credit facilities was $1.1 billion.

Schedule of Short-term Debt The following commercial paper programs were in place at:
 
June 30, 2019
 
December 31, 2018
 
Weighted -
Average
Interest Rate
 
Capacity
 
Commercial
Paper
Issuances
 
Unused
Capacity
 
Weighted -
Average
Interest Rate
 
Commercial
Paper
Issuances
PPL Capital Funding
2.74%
 
$
1,500

 
$
1,014

 
$
486

 
2.82%
 
$
669

PPL Electric 
2.59%
 
650

 
185

 
465

 

 

LG&E
2.59%
 
350

 
96

 
254

 
2.94%
 
279

KU

 
350

 

 
350

 
2.94%
 
235

Total
 
 
$
2,850

 
$
1,295

 
$
1,555

 
 
 
$
1,183