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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (USD $)
In Millions, except Share data in Thousands
Total
PPL Energy Supply [Member]
PPL Electric [Member]
LKE [Member]
Successor [Member]
LKE [Member]
Predecessor [Member]
LGE [Member]
LGE [Member]
Successor [Member]
LGE [Member]
Predecessor [Member]
KU [Member]
KU [Member]
Successor [Member]
KU [Member]
Predecessor [Member]
Common Stock
Common Stock
PPL Electric [Member]
Common Stock
LGE [Member]
Successor [Member]
Common Stock
LGE [Member]
Predecessor [Member]
Common Stock
KU [Member]
Successor [Member]
Common Stock
KU [Member]
Predecessor [Member]
Preferred Securities
PPL Electric [Member]
Additional Paid-in Capital
Additional Paid-in Capital
PPL Electric [Member]
Additional Paid-in Capital
LGE [Member]
Successor [Member]
Additional Paid-in Capital
LGE [Member]
Predecessor [Member]
Additional Paid-in Capital
KU [Member]
Successor [Member]
Additional Paid-in Capital
KU [Member]
Predecessor [Member]
Earnings Reinvested
Earnings Reinvested
PPL Electric [Member]
Earnings Reinvested
LGE [Member]
Successor [Member]
Earnings Reinvested
LGE [Member]
Predecessor [Member]
Earnings Reinvested
KU [Member]
Successor [Member]
Earnings Reinvested
KU [Member]
Predecessor [Member]
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
LGE [Member]
Successor [Member]
Accumulated Other Comprehensive Loss
LGE [Member]
Predecessor [Member]
Accumulated Other Comprehensive Loss
KU [Member]
Successor [Member]
Accumulated Other Comprehensive Loss
KU [Member]
Predecessor [Member]
Member's Equity
PPL Energy Supply [Member]
Member's Equity
LKE [Member]
Successor [Member]
Member's Equity
LKE [Member]
Predecessor [Member]
Non-controlling Interests
Non-controlling Interests
PPL Energy Supply [Member]
Non-controlling Interests
LKE [Member]
Successor [Member]
Non-controlling Interests
LKE [Member]
Predecessor [Member]
Balance at beginning of period at Mar. 31, 2010     $ 1,916         $ 1,255     $ 1,996   $ 364   $ 424   $ 308 $ 301   $ 824   $ 84   $ 316   $ 427   $ 758   $ 1,372     $ (11)   $ 0              
Balance at beginning of period at Mar. 31, 2010 6,211                     4             2,310           3,866           (288)               319      
Balance at beginning of period - shares (a) at Mar. 31, 2010                       378,131 [1] 66,368 [2]   21,294 [3]   37,818 [4]                                                  
Balance at beginning of period at Mar. 31, 2010   4,875     2,236                                                             4,857   2,236   18   0
Common stock issued (b) [5] 2,426                     1             2,425                                              
Common stock shares issued (a)(b) [1][5]                       104,057                                                            
Purchase Contracts [6] (186)                                   (186)                                              
Stock-based compensation 4                                   4                                              
Net income 92 86 23   32     14     31                           85 23 [7]   14 [8]   31 [9]           86   32 [10] 7      
Dividends, dividend equivalents, redemptions and distributions - alternative (191)                                               (133) [11]                           (58)      
Cash dividends declared on preferred securities     (4)                                             (4)                                
Cash dividends declared on common stock     (23)                                             (23)                                
Distributions to member   (202)     (25)                                                             (202)   (25)        
Contributions from member                                                                       3,525            
Capital contributions from PPL     55                                 55                                            
Redemption Of Preferred Stock [12]     (54)                             (51)               (3)                                
Other comprehensive income (loss) (151) (98)     (2)     (2)                                             (151)   (2)     (98)   (2)        
Balance at end of period at Jun. 30, 2010     1,913         1,267     2,027   364   424   308 250   879   84   316   420   772   1,403     (13)   0              
Balance at end of period at Jun. 30, 2010 8,205                     5             4,553           3,818           (439)               268      
Balance at end of period - shares (a) at Jun. 30, 2010                       482,188 [1] 66,368 [2]   21,294 [3]   37,818 [4]                                                  
Balance at end of period at Jun. 30, 2010   8,186     2,241                                                             8,168   2,241   18    
Balance at beginning of period at Dec. 31, 2009     1,896         1,253     1,952   364   424   308 301   824   84   316   407   755   1,328     (10)   0              
Balance at beginning of period at Dec. 31, 2009 5,815                     4             2,280           3,749           (537)               319      
Balance at beginning of period - shares (a) at Dec. 31, 2009                       377,183 [1] 66,368 [2]   21,294 [3]   37,818 [4]                                                  
Balance at beginning of period at Dec. 31, 2009   4,586     2,224                                                             4,568   2,192   18   32
Common stock issued (b) [5] 2,459                     1             2,458                                              
Common stock shares issued (a)(b) [1][5]                       105,005                                                            
Purchase Contracts [6] (186)                                   (186)                                              
Stock-based compensation 1                                   1                                              
Net income 347 286 65   92     47     75                           335 65 [7]   47 [8]   75 [9]           286   92 [10] 12      
Dividends, dividend equivalents, redemptions and distributions - alternative (329)                                               (266) [11]                           (63)      
Cash dividends declared on preferred securities     (9)                                             (9)                                
Cash dividends declared on common stock     (40)         (30)                                   (40)   (30)                            
Distributions to member   (364)     (31)                                                             (364)   (31)        
Contributions from member   3,525                                                                   3,525            
Capital contributions from PPL     55                                 55                                            
Redemption Of Preferred Stock [12]     (54)                             (51)               (3)                                
Disposal of discontinued operations         (43)                                                                 (11)       (32)
Other comprehensive income (loss) 98 153     (1)     (3)                                             98   (3) (1)   153   (1)        
Balance at end of period at Jun. 30, 2010     1,913         1,267     2,027   364   424   308 250   879   84   316   420   772   1,403     (13)   0              
Balance at end of period at Jun. 30, 2010 8,205                     5             4,553           3,818           (439)               268      
Balance at end of period - shares (a) at Jun. 30, 2010                       482,188 [1] 66,368 [2]   21,294 [3]   37,818 [4]                                                  
Balance at end of period at Jun. 30, 2010   8,186     2,241                                                             8,168   2,241   18   0
Balance at beginning of period at Dec. 31, 2010 8,210                       364 424   308   250   879 1,278   2,348     451 19   35     0   0                
Balance at beginning of period at Dec. 31, 2010 8,478   1,944     1,721     2,691     5             4,602           4,082           (479)               268      
Balance at beginning of period - shares (a) at Dec. 31, 2010 483,391   66,368     21,294     37,818     483,391 66,368 [2] 21,294 [3]                                                        
Balance at beginning of period at Dec. 31, 2010   4,509   4,011                                                               4,491 4,011     18 0  
Common stock issued (b) [5] 2,313                     1             2,312                                              
Common stock shares issued (a)(b) [1][5]                       93,874                                                            
Purchase Contracts [6] (141)                                   (141)                                              
Stock-based compensation 1                                   1                                              
Net income 605 303 96 128     59     88                             597 96 [7] 59 [8]   88 [9]             303 128 [10]   8      
Dividends, dividend equivalents and distributions (c) (381)                                               (373) [11]                           (8)      
Cash dividends declared on preferred securities     (8)                                             (8)                                
Cash dividends declared on common stock     (52)       (42)     (68)                               (52) (42)   (68)                          
Distributions to member   (134)   (146)                                                               (134) (146)          
Distribution of membership interest in PPL Global [13]   (1,288)                                                                   (1,288)            
Contributions from member   168                                                                   168            
Capital contributions from PPL     0                                                                              
Other comprehensive income (loss) 44 (106)   (2)           (1)                                         44         (106) (2)          
Balance at end of period at Jun. 30, 2011 10,651                       364 424   308   250   879 1,278   2,348     487 36   55     0   (1)                
Balance at end of period at Jun. 30, 2011 10,919   1,980     1,738     2,710     6             6,774           4,306           (435)               268      
Balance at end of period - shares (a) at Jun. 30, 2011 577,265   66,368     21,294     37,818     577,265 [1] 66,368 [2] 21,294 [3]                                                        
Balance at end of period at Jun. 30, 2011   3,452   3,991                                                               3,434 3,991     18 0  
Balance at beginning of period at Mar. 31, 2011     1,978       1,743     2,717     364 424   308   250   879 1,278   2,348     485 41   62     0   (1)                
Balance at beginning of period at Mar. 31, 2011 8,798                     5             4,637           4,312           (424)               268      
Balance at beginning of period - shares (a) at Mar. 31, 2011                       484,618 [1] 66,368 [2] 21,294 [3]   37,818 [4]                                                    
Balance at beginning of period at Mar. 31, 2011   3,334   4,042                                                               3,316 4,042     18 0  
Common stock issued (b) [5] 2,274                     1             2,273                                              
Common stock shares issued (a)(b) [1][5]                       92,647                                                            
Purchase Contracts [6] (141)                                   (141)                                              
Stock-based compensation 5                                   5                                              
Net income 200 89 40 41     20     30                             196 40 [7] 20 [8]   30 [9]             89 41 [10]   4      
Dividends, dividend equivalents and distributions (c) (206)                                               (202) [11]                           (4)      
Cash dividends declared on preferred securities     (4)                                             (4)                                
Cash dividends declared on common stock     (34)       (25)     (37)                               (34) (25)   (37)                          
Distributions to member   (53)   (92)                                                                 (92)          
Distribution of membership interest in PPL Global                                                                       (53)            
Contributions from member   168                                                                   168            
Other comprehensive income (loss) (11) (86)                                                         (11)         (86)            
Balance at end of period at Jun. 30, 2011 10,651                       364 424   308   250   879 1,278   2,348     487 36   55     0   (1)                
Balance at end of period at Jun. 30, 2011 10,919   1,980     1,738     2,710     6             6,774           4,306           (435)               268      
Balance at end of period - shares (a) at Jun. 30, 2011 577,265   66,368     21,294     37,818     577,265 [1] 66,368 [2] 21,294 [3]                                                        
Balance at end of period at Jun. 30, 2011   $ 3,452   $ 3,991                                                               $ 3,434 $ 3,991     $ 18 $ 0  
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented to any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[3] Shares in thousands. All common shares of Louisville Gas and Electric stock are owned by LG&E and KU Energy.
[4] Shares in thousands. All common shares of Kentucky Utilities stock are owned by LG&E and KU Energy.
[5] The 2011 periods include the April issuance of 92 million shares of common stock. See Note 7 for additional information. The 2010 periods include the June issuance of 103.5 million shares of common stock. The 2011 and 2010 periods include shares of common stock issued through various stock and incentive compensation plans.
[6] The 2011 periods include $123 million for the 2011 Purchase Contracts and $18 million of related fees and expenses, net of tax. See Note 7 for additional information. The 2010 periods include $157 million for the 2010 Purchase Contracts and $29 million of related fees and expenses.
[7] PPL Electric's net income approximates comprehensive income.
[8] Louisville Gas and Electric's net income approximates comprehensive income.
[9] Kentucky Utilities' net income approximates comprehensive income.
[10] LG&E and KU Energy's net income approximates comprehensive income.
[11] "Earnings reinvested" includes dividends and dividend equivalents on PPL Corporation common stock and restricted stock units. "Noncontrolling interests" includes dividends, redemptions and distributions to noncontrolling interests, for which the 2010 periods include $54 million paid to redeem PPL Electric's preferred stock.
[12] In April 2010, PPL Electric redeemed all five series of its outstanding preferred stock.
[13] See Note 8 for additional information.