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Segment and Related Information

6 Months Ended

Jun. 30, 2011

PPL [Member]

3. Segment and Related Information

(PPL and PPL Energy Supply)

See Note 2 to the Financial Statements in the 2010 Form 10-K for PPL and in the Form 8-K dated June 24, 2011 for PPL Energy Supply for a discussion of reportable segments. In January 2011, PPL Energy Supply distributed its membership interest in PPL Global to its parent, PPL Energy Funding. Following the distribution, PPL Energy Supply operates in a single business segment, the Supply segment. PPL Energy Supply's 2010 segment information was restated to reflect PPL Global as a Discontinued Operation. See Note 8 for additional information.

(PPL)

PPL includes the results of PPL Global in the International Regulated segment. This includes the operating results and assets of WPD Midlands since the acquisition date, April 1, 2011. See Note 8 for additional information regarding the acquisition.

Financial data for the segments for the periods ended June 30, 2011 are:

		Three Months				Six Months
		2011		2010		2011		2010
PPL
Income Statement Data
Revenues from external customers
	Kentucky Regulated (a)	$	638			$	1,404
	International Regulated		420	$	178		645	$	391
	Pennsylvania Regulated		436		520		990		1,331
	Supply (b)		995		775		2,360		2,757
Total		$	2,489	$	1,473	$	5,399	$	4,479

Intersegment electric revenues
	Pennsylvania Regulated	$	4	$	2	$	8	$	4
	Supply (c)		4		64		10		179

Net Income Attributable to PPL
	Kentucky Regulated (a)	$	31			$	106
	International Regulated (b)		38	$	58		93	$	134
	Pennsylvania Regulated		36		16		88		53
	Supply (b) (d) (e)		91		30		310		167
	Unallocated Costs (f)				(19)				(19)
Total		$	196	$	85	$	597	$	335

PPL Energy Supply
Income Statement Data
Revenues from external customers
	Supply (b)	$	997	$	835	$	2,366	$	2,929

Net Income
	International Regulated (b) (d)			$	53			$	121
	Supply (b) (d) (e)	$	89		33	$	303		165
Total		$	89	$	86	$	303	$	286

		PPL				PPL Energy Supply
		June 30,		December 31,		June 30,		December 31,
		2011		2010		2011		2010

Balance Sheet Data
Assets
	Kentucky Regulated (g)	$	10,087	$	10,318
	International Regulated		13,387		4,800			$	4,800
	Pennsylvania Regulated		5,086		5,189
	Supply (g)		11,977		12,530	$	11,432		11,996
Total assets		$	40,537	$	32,837	$	11,432	$	16,796

(a) This segment primarily includes the operating activities and assets of LKE, which was acquired in November 2010. Net income attributable to PPL includes the allocation of interest expense from the 2010 Equity Units issued to fund the acquisition and interest rate swaps.

(b) Includes unrealized gains and losses from economic activity. See Note 14 for additional information.

(d) Either includes Discontinued Operations or is reported in Discontinued Operations. See Note 8 for additional information.

(e) In April 2011, during the PPL Susquehanna Unit 2 scheduled refueling and generation uprate outage, a planned inspection of the Unit 2 turbine revealed cracks in certain of its low pressure turbine blades. As a precaution, PPL Susquehanna also took Unit 1 out of service in mid-May to inspect the turbine blades in that unit. This inspection revealed cracked blades similar to those found in Unit 2. Replacement of these blades was completed, which significantly extended these outages. PPL Energy Supply incurred an after-tax earnings impact, including reduced energy sales margins and repair expense for both units, of approximately $60 million in the three and six months ended June 30, 2011.

(f) Represents 2010 Bridge Facility financing costs and other costs related to the acquisition of LKE.

(g) A portion of the goodwill related to the 2010 LKE acquisition has been attributed to PPL's Supply segment.

PPL Energy Supply [Member]

Segment and Related Information