Acquisitions, Development and Divestures (Tables)

3 Months Ended

Mar. 31, 2012

Acquisitions Development And Divestitures [Abstract]

Purchase Price and Related Purchase Price Allocation

The consideration paid for this acquisition, subject to working capital, net indebtedness and fair value adjustments, was as follows.

Aggregate enterprise consideration	$	302
Less: estimated long-term debt outstanding assumed through consolidation (net of restricted cash reserves)		217
Cash consideration paid for equity interests (including estimated working capital adjustments)	$	85

Carrying Amount of Accrued Severance

The carrying amount of accrued severance was as follows.

Accrued severance at December 31, 2011	$	21
Severance compensation		6
Severance paid		(8)
Accrued severance at March 31, 2012	$	19

Pro-forma Information

The pro forma operating revenues and net income attributable to PPL for the three months ended March 31, which includes WPD Midlands as if the acquisition had occurred January 1, 2010, are as follows.

	2011
Operating Revenues - PPL consolidated pro forma	$	3,215
Net Income Attributable to PPL - PPL consolidated pro forma		526

Nonrecurring Adjustments to Pro-forma Information

Nonrecurring adjustments for the three months ended March 31 include the following pre-tax credits (expenses).

	Income Statement
	Line Item	2011
2011 Bridge Facility costs	Interest Expense	$	(7)
Net hedge losses	Other Income (Expense) - net		(7)
Other acquisition-related costs (a)	Other Income (Expense) - net		(11)

(a)       Primarily includes advisory, accounting and legal fees.