Related Party Transactions

6 Months Ended

Jun. 30, 2012

PPL Energy Supply LLC [Member]

Related Party Transactions [Line Items]

Related Party Transactions

11. Related Party Transactions

PLR Contracts/Purchase of Accounts Receivable (PPL Energy Supply and PPL Electric)

PPL Electric holds competitive solicitations for PLR generation supply. PPL EnergyPlus has been awarded a portion of thePLR generation supply through these competitive solicitations. See Note 10 for additional information on the solicitations.PPL Electric's purchases from PPL EnergyPlus totaled $##D<PLRPurchCQRPTEU>million and $##D<PLRPurchCYRPTEU>million for the ##D<qtrYTDlc> ##D<CurQtrEnd> and $##D<PLRPurchPQRPTEU> million and $##D<PLRPurchPYRPTEU> million during the same periods in 2011. The sales and purchases are included in the Statements of Income as "Wholesale energy marketing to affiliate" by PPL Energy Supply and as "Energy purchases from affiliate" by PPL Electric.

Under the standard Supply Master Agreement for the solicitation process, PPL Electric requires all suppliers to post collateral once credit exposures exceed defined credit limits. PPL EnergyPlus is required to post collateral with PPL Electric when the aggregate credit exposure with respect to electricity, capacity and other related products to be delivered by PPL EnergyPlus exceeds a contractual credit limit. Based on the current credit rating and tangible net worth of PPL Energy Supply, as guarantor, PPL EnergyPlus' credit limit was $##D<EplusCreditLimitCYRPTCorp> million at ##D<CurQtrEnd>. In no instance is PPL Electric required to post collateral to suppliers under these supply contracts.

PPL Electric's customers may choose an alternative supplier for their generation supply. See Note 2 for additional information regarding PPL Electric's purchases of accounts receivable from alternative suppliers, including PPL EnergyPlus.

At ##D<CurQtrEnd>, PPL Energy Supply had a net credit exposure of $##D<PPLESCreditExpCYRPTCorp> million from PPL Electric from its commitment as a PLR supplier and from the sale of its accounts receivable to PPL Electric.

Wholesale Sales and Purchases(LG&E and KU)

LG&E and KU jointly dispatch their generation units with the lowest cost generation used to serve their retail native load. When LG&E has excess generation capacity after serving its own retail native load and its generation cost is lower than that of KU, KU purchases electricity from LG&E. When KU has excess generation capacity after serving its own retail native load and its generation cost is lower than that of LG&E, LG&E purchases electricity from KU. These transactions are reflectedin the Statements of Income as "Electric revenue from affiliate" and "Energy purchases from affiliate" and are recorded at a price equal to the seller's fuel cost. Savings realized from such intercompany transactions are shared equally between the two companies. The volume of energy each company has to sell to the other is dependent on its native load needs and its available generation.

Allocations of Corporate Service Costs(PPL Energy Supply, PPL Electric and LKE)

PPL Services provides corporate functions such as financial, legal, human resources and information technology services. PPL Services charges the respective PPL subsidiaries for the cost of such services when they can be specifically identified. The cost of the services that is not directly charged to PPL subsidiaries is allocated to applicable subsidiaries based on an average of the subsidiaries' relative invested capital, operation and maintenance expenses and number of employees. PPL Services charged the following amountsfor the ##D<QtrEndNoComma>, which PPL management believes are reasonable,including amounts applied to accounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
PPL Energy Supply	$	53	$	44	$	110	$	94
PPL Electric		39		35		81		74
LKE		3		4		8		9

Intercompany Billings by LKS(LG&E and KU)

LKS provides LG&E and KU with a variety of centralized administrative, management and support services. The cost of these services is directly charged to the company or, for general costs that cannot be directly attributed, charged based on predetermined allocation factors, including the following measures: number of customers, total assets, revenues, number of employees and/or other statistical information. LKS charged the amounts in the table belowfor the ##D<QtrEndNoComma>, which LKE management believes are reasonable, including amounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
LG&E	$	40	$	50	$	81	$	83
KU		35		55		81		104

Intercompany Borrowings

(PPL Energy Supply)

A PPL Energy Supply subsidiary periodically holds revolving demand notes from certain affiliates. At ##D<CurQtrEnd>, there were no balances outstanding.At ##D<PreYearEnd>, a note with PPL Energy Funding had an outstanding balance of $##D<DemandBalOutstandingPYRPTES> million with an interest rate of 3.77% that was reflected in "Note receivable from affiliate" on the Balance Sheet. Interest earned on theserevolving facilities is included in "Interest Income from Affiliates" on the Statements of Income. The interest rates on borrowings are equal to one-month LIBOR plus a spread. Interest earned on borrowings was ##D<InterestEarnedCYRPTES> for the ##D<PerEndYear> and 2011.

(LKE)

LKE maintains a $##D<LineOfCreditValueESCYRPTLKE> million revolving demand note with a PPL Energy Supply subsidiary whereby LKE can borrow funds on a short-term basis at market-based rates. The interest rates on borrowings are equal to ##D<LineOfCreditIntRateESCYRPTLKE>.At ##D<CurQtrEnd> and ##D<PreYearEnd>, there were ##D<LineOfCreditBorrowESCYRPTLKE>balances outstanding. Interest expense incurred on the revolving demand note with the PPL Energy Supply subsidiary was ##D<LineOfCreditIntExpESCYRPTLKE> for the ##D<PerEndYear> and 2011.

After PPL's acquisition of LKE in November 2010, LKE held a note receivable from a PPL affiliate that has a $##D<NoteReceivableCapacityCYRPTLKE> million borrowing limit whereby LKE can loan funds on a short-term basis at market-based rates. At ##D<CurQtrEnd> and ##D<PreYearEnd>, $##D<NoteRecPPLAffilCYRPTLKE>million and$##D<NoteRecPPLAffilPYRPTLKE> million were outstanding and were reflected in "Notes receivable from affiliates" on the Balance Sheets. The interest rates on loans are based on the PPL affiliate's credit rating and are currently equal to ##D<NoteReceivableIntRateCYRPTLKE>. The interest rates on the outstanding borrowingsat ##D<CurQtrEnd> and ##D<PreYearEnd>were##D<IntRateNoteRecPPLAffilCYRPTLKE> and ##D<IntRateNoteRecPPLAffilPYRPTLKE>. Interest income on the note receivable was##D<IntIncNoteRecPPLAffilCYRPTLKE> for the ##D<PerEndYear> and 2011.

(LG&E)

LG&E participates in an intercompany money pool agreement whereby LKE and/or KU make available to LG&E funds up to $##D<MoneyPoolCapacityCYRPTLGE> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd> and ##D<PreYearEnd>, LG&E had no payable balance outstanding, but at ##D<CurQtrEnd>, LG&E had a $##D<NotesRecFromAffiliatesCYBSLGE> million receivable balance outstanding, which was reflected in "Notes receivable from affiliates" on the Balance Sheet. The interest rate on the outstanding receivable at ##D<CurQtrEnd> was ##D<MoneyPoolRecIntRateCYRPTLGE>. Interest expense incurred on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear> and 2011. Interest income on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear>. There was no interest income on the money pool agreement with LKE and/or KU for the ##D<PerEndPreYear>.

(KU)

KU participates in an intercompany money pool agreement whereby LKE and/or LG&E make available to KU funds up to $##D<MoneyPoolCapacityCYRPTKU> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd>, $##D<NotepayableAFFCYBSKU> million was outstanding and was reflected in "Notes payable with affiliates" on the Balance Sheet. At ##D<PreYearEnd>, there was no balance outstanding. The interest rate on the outstanding borrowings at ##D<CurQtrEnd> was ##D<MoneyPoolIntRateCYRPTKU>. Interest expense incurred on the money pool agreement with LKE and/or LG&E was not significant for the ##D<PerEndYear> and 2011.

Trademark Royalties(PPL Energy Supply)

A PPL subsidiary owns PPL trademarks and billed certain affiliates for their use under a licensing agreement. This agreement was terminated in December 2011. PPL Energy Supply was charged$##D<TrademarkRoyaltiesPQRPTES> million and $##D<TrademarkRoyaltiesPYRPTES> million of license fees for the##D<qtrYTDlc>##D<PreQtrEnd>. These charges are primarily included in "Other operation and maintenance" on the Statement of Income.

Intercompany Insurance (PPL Electric)

PPL Power Insurance Ltd. (PPL Power Insurance) is a subsidiary of PPL that provides insurance coverage to PPL and its subsidiaries for property damage, general/public liability and workers' compensation.

Due to damages resulting from several PUC-reportable storms that occurred in May 2011, PPL Electric exceeded its deductible for the 2011 policy year. Probable recoveries on insurance claims with PPL Power Insurance of $##D<ProbInsRecoveriesPYRPTEU> million were recorded during the ##D<PerEndPreYear>, of which $##D<InsRecoveriesISPYRPTEU> million was included in "Other operation and maintenance" on the Statement of Income, and the remainder was recorded in PP&E on the Balance Sheet.

Other(PPL Energy Supply, PPL Electric, LKE, LG&E and KU)

See Note 7 for a discussion regarding capital transactions by PPL Energy Supply, PPL Electric, LKE, LG&E and KU. For PPL Energy Supply, PPL Electric, LG&E and KU, refer to Note 9 for discussions regarding intercompany allocations associated with defined benefits.

PPL Electric Utilities Corp [Member]

Related Party Transactions [Line Items]

Related Party Transactions

11. Related Party Transactions

PLR Contracts/Purchase of Accounts Receivable (PPL Energy Supply and PPL Electric)

PPL Electric holds competitive solicitations for PLR generation supply. PPL EnergyPlus has been awarded a portion of thePLR generation supply through these competitive solicitations. See Note 10 for additional information on the solicitations.PPL Electric's purchases from PPL EnergyPlus totaled $##D<PLRPurchCQRPTEU>million and $##D<PLRPurchCYRPTEU>million for the ##D<qtrYTDlc> ##D<CurQtrEnd> and $##D<PLRPurchPQRPTEU> million and $##D<PLRPurchPYRPTEU> million during the same periods in 2011. The sales and purchases are included in the Statements of Income as "Wholesale energy marketing to affiliate" by PPL Energy Supply and as "Energy purchases from affiliate" by PPL Electric.

Under the standard Supply Master Agreement for the solicitation process, PPL Electric requires all suppliers to post collateral once credit exposures exceed defined credit limits. PPL EnergyPlus is required to post collateral with PPL Electric when the aggregate credit exposure with respect to electricity, capacity and other related products to be delivered by PPL EnergyPlus exceeds a contractual credit limit. Based on the current credit rating and tangible net worth of PPL Energy Supply, as guarantor, PPL EnergyPlus' credit limit was $##D<EplusCreditLimitCYRPTCorp> million at ##D<CurQtrEnd>. In no instance is PPL Electric required to post collateral to suppliers under these supply contracts.

PPL Electric's customers may choose an alternative supplier for their generation supply. See Note 2 for additional information regarding PPL Electric's purchases of accounts receivable from alternative suppliers, including PPL EnergyPlus.

At ##D<CurQtrEnd>, PPL Energy Supply had a net credit exposure of $##D<PPLESCreditExpCYRPTCorp> million from PPL Electric from its commitment as a PLR supplier and from the sale of its accounts receivable to PPL Electric.

Wholesale Sales and Purchases(LG&E and KU)

LG&E and KU jointly dispatch their generation units with the lowest cost generation used to serve their retail native load. When LG&E has excess generation capacity after serving its own retail native load and its generation cost is lower than that of KU, KU purchases electricity from LG&E. When KU has excess generation capacity after serving its own retail native load and its generation cost is lower than that of LG&E, LG&E purchases electricity from KU. These transactions are reflectedin the Statements of Income as "Electric revenue from affiliate" and "Energy purchases from affiliate" and are recorded at a price equal to the seller's fuel cost. Savings realized from such intercompany transactions are shared equally between the two companies. The volume of energy each company has to sell to the other is dependent on its native load needs and its available generation.

Allocations of Corporate Service Costs(PPL Energy Supply, PPL Electric and LKE)

PPL Services provides corporate functions such as financial, legal, human resources and information technology services. PPL Services charges the respective PPL subsidiaries for the cost of such services when they can be specifically identified. The cost of the services that is not directly charged to PPL subsidiaries is allocated to applicable subsidiaries based on an average of the subsidiaries' relative invested capital, operation and maintenance expenses and number of employees. PPL Services charged the following amountsfor the ##D<QtrEndNoComma>, which PPL management believes are reasonable,including amounts applied to accounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
PPL Energy Supply	$	53	$	44	$	110	$	94
PPL Electric		39		35		81		74
LKE		3		4		8		9

Intercompany Billings by LKS(LG&E and KU)

LKS provides LG&E and KU with a variety of centralized administrative, management and support services. The cost of these services is directly charged to the company or, for general costs that cannot be directly attributed, charged based on predetermined allocation factors, including the following measures: number of customers, total assets, revenues, number of employees and/or other statistical information. LKS charged the amounts in the table belowfor the ##D<QtrEndNoComma>, which LKE management believes are reasonable, including amounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
LG&E	$	40	$	50	$	81	$	83
KU		35		55		81		104

Intercompany Borrowings

(PPL Energy Supply)

A PPL Energy Supply subsidiary periodically holds revolving demand notes from certain affiliates. At ##D<CurQtrEnd>, there were no balances outstanding.At ##D<PreYearEnd>, a note with PPL Energy Funding had an outstanding balance of $##D<DemandBalOutstandingPYRPTES> million with an interest rate of 3.77% that was reflected in "Note receivable from affiliate" on the Balance Sheet. Interest earned on theserevolving facilities is included in "Interest Income from Affiliates" on the Statements of Income. The interest rates on borrowings are equal to one-month LIBOR plus a spread. Interest earned on borrowings was ##D<InterestEarnedCYRPTES> for the ##D<PerEndYear> and 2011.

(LKE)

LKE maintains a $##D<LineOfCreditValueESCYRPTLKE> million revolving demand note with a PPL Energy Supply subsidiary whereby LKE can borrow funds on a short-term basis at market-based rates. The interest rates on borrowings are equal to ##D<LineOfCreditIntRateESCYRPTLKE>.At ##D<CurQtrEnd> and ##D<PreYearEnd>, there were ##D<LineOfCreditBorrowESCYRPTLKE>balances outstanding. Interest expense incurred on the revolving demand note with the PPL Energy Supply subsidiary was ##D<LineOfCreditIntExpESCYRPTLKE> for the ##D<PerEndYear> and 2011.

After PPL's acquisition of LKE in November 2010, LKE held a note receivable from a PPL affiliate that has a $##D<NoteReceivableCapacityCYRPTLKE> million borrowing limit whereby LKE can loan funds on a short-term basis at market-based rates. At ##D<CurQtrEnd> and ##D<PreYearEnd>, $##D<NoteRecPPLAffilCYRPTLKE>million and$##D<NoteRecPPLAffilPYRPTLKE> million were outstanding and were reflected in "Notes receivable from affiliates" on the Balance Sheets. The interest rates on loans are based on the PPL affiliate's credit rating and are currently equal to ##D<NoteReceivableIntRateCYRPTLKE>. The interest rates on the outstanding borrowingsat ##D<CurQtrEnd> and ##D<PreYearEnd>were##D<IntRateNoteRecPPLAffilCYRPTLKE> and ##D<IntRateNoteRecPPLAffilPYRPTLKE>. Interest income on the note receivable was##D<IntIncNoteRecPPLAffilCYRPTLKE> for the ##D<PerEndYear> and 2011.

(LG&E)

LG&E participates in an intercompany money pool agreement whereby LKE and/or KU make available to LG&E funds up to $##D<MoneyPoolCapacityCYRPTLGE> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd> and ##D<PreYearEnd>, LG&E had no payable balance outstanding, but at ##D<CurQtrEnd>, LG&E had a $##D<NotesRecFromAffiliatesCYBSLGE> million receivable balance outstanding, which was reflected in "Notes receivable from affiliates" on the Balance Sheet. The interest rate on the outstanding receivable at ##D<CurQtrEnd> was ##D<MoneyPoolRecIntRateCYRPTLGE>. Interest expense incurred on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear> and 2011. Interest income on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear>. There was no interest income on the money pool agreement with LKE and/or KU for the ##D<PerEndPreYear>.

(KU)

KU participates in an intercompany money pool agreement whereby LKE and/or LG&E make available to KU funds up to $##D<MoneyPoolCapacityCYRPTKU> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd>, $##D<NotepayableAFFCYBSKU> million was outstanding and was reflected in "Notes payable with affiliates" on the Balance Sheet. At ##D<PreYearEnd>, there was no balance outstanding. The interest rate on the outstanding borrowings at ##D<CurQtrEnd> was ##D<MoneyPoolIntRateCYRPTKU>. Interest expense incurred on the money pool agreement with LKE and/or LG&E was not significant for the ##D<PerEndYear> and 2011.

Trademark Royalties(PPL Energy Supply)

A PPL subsidiary owns PPL trademarks and billed certain affiliates for their use under a licensing agreement. This agreement was terminated in December 2011. PPL Energy Supply was charged$##D<TrademarkRoyaltiesPQRPTES> million and $##D<TrademarkRoyaltiesPYRPTES> million of license fees for the##D<qtrYTDlc>##D<PreQtrEnd>. These charges are primarily included in "Other operation and maintenance" on the Statement of Income.

Intercompany Insurance (PPL Electric)

PPL Power Insurance Ltd. (PPL Power Insurance) is a subsidiary of PPL that provides insurance coverage to PPL and its subsidiaries for property damage, general/public liability and workers' compensation.

Due to damages resulting from several PUC-reportable storms that occurred in May 2011, PPL Electric exceeded its deductible for the 2011 policy year. Probable recoveries on insurance claims with PPL Power Insurance of $##D<ProbInsRecoveriesPYRPTEU> million were recorded during the ##D<PerEndPreYear>, of which $##D<InsRecoveriesISPYRPTEU> million was included in "Other operation and maintenance" on the Statement of Income, and the remainder was recorded in PP&E on the Balance Sheet.

Other(PPL Energy Supply, PPL Electric, LKE, LG&E and KU)

See Note 7 for a discussion regarding capital transactions by PPL Energy Supply, PPL Electric, LKE, LG&E and KU. For PPL Energy Supply, PPL Electric, LG&E and KU, refer to Note 9 for discussions regarding intercompany allocations associated with defined benefits.

LG And E And KU Energy LLC [Member]

Related Party Transactions [Line Items]

Related Party Transactions

11. Related Party Transactions

PLR Contracts/Purchase of Accounts Receivable (PPL Energy Supply and PPL Electric)

PPL Electric holds competitive solicitations for PLR generation supply. PPL EnergyPlus has been awarded a portion of thePLR generation supply through these competitive solicitations. See Note 10 for additional information on the solicitations.PPL Electric's purchases from PPL EnergyPlus totaled $##D<PLRPurchCQRPTEU>million and $##D<PLRPurchCYRPTEU>million for the ##D<qtrYTDlc> ##D<CurQtrEnd> and $##D<PLRPurchPQRPTEU> million and $##D<PLRPurchPYRPTEU> million during the same periods in 2011. The sales and purchases are included in the Statements of Income as "Wholesale energy marketing to affiliate" by PPL Energy Supply and as "Energy purchases from affiliate" by PPL Electric.

Under the standard Supply Master Agreement for the solicitation process, PPL Electric requires all suppliers to post collateral once credit exposures exceed defined credit limits. PPL EnergyPlus is required to post collateral with PPL Electric when the aggregate credit exposure with respect to electricity, capacity and other related products to be delivered by PPL EnergyPlus exceeds a contractual credit limit. Based on the current credit rating and tangible net worth of PPL Energy Supply, as guarantor, PPL EnergyPlus' credit limit was $##D<EplusCreditLimitCYRPTCorp> million at ##D<CurQtrEnd>. In no instance is PPL Electric required to post collateral to suppliers under these supply contracts.

PPL Electric's customers may choose an alternative supplier for their generation supply. See Note 2 for additional information regarding PPL Electric's purchases of accounts receivable from alternative suppliers, including PPL EnergyPlus.

At ##D<CurQtrEnd>, PPL Energy Supply had a net credit exposure of $##D<PPLESCreditExpCYRPTCorp> million from PPL Electric from its commitment as a PLR supplier and from the sale of its accounts receivable to PPL Electric.

Wholesale Sales and Purchases(LG&E and KU)

LG&E and KU jointly dispatch their generation units with the lowest cost generation used to serve their retail native load. When LG&E has excess generation capacity after serving its own retail native load and its generation cost is lower than that of KU, KU purchases electricity from LG&E. When KU has excess generation capacity after serving its own retail native load and its generation cost is lower than that of LG&E, LG&E purchases electricity from KU. These transactions are reflectedin the Statements of Income as "Electric revenue from affiliate" and "Energy purchases from affiliate" and are recorded at a price equal to the seller's fuel cost. Savings realized from such intercompany transactions are shared equally between the two companies. The volume of energy each company has to sell to the other is dependent on its native load needs and its available generation.

Allocations of Corporate Service Costs(PPL Energy Supply, PPL Electric and LKE)

PPL Services provides corporate functions such as financial, legal, human resources and information technology services. PPL Services charges the respective PPL subsidiaries for the cost of such services when they can be specifically identified. The cost of the services that is not directly charged to PPL subsidiaries is allocated to applicable subsidiaries based on an average of the subsidiaries' relative invested capital, operation and maintenance expenses and number of employees. PPL Services charged the following amountsfor the ##D<QtrEndNoComma>, which PPL management believes are reasonable,including amounts applied to accounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
PPL Energy Supply	$	53	$	44	$	110	$	94
PPL Electric		39		35		81		74
LKE		3		4		8		9

Intercompany Billings by LKS(LG&E and KU)

LKS provides LG&E and KU with a variety of centralized administrative, management and support services. The cost of these services is directly charged to the company or, for general costs that cannot be directly attributed, charged based on predetermined allocation factors, including the following measures: number of customers, total assets, revenues, number of employees and/or other statistical information. LKS charged the amounts in the table belowfor the ##D<QtrEndNoComma>, which LKE management believes are reasonable, including amounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
LG&E	$	40	$	50	$	81	$	83
KU		35		55		81		104

Intercompany Borrowings

(PPL Energy Supply)

A PPL Energy Supply subsidiary periodically holds revolving demand notes from certain affiliates. At ##D<CurQtrEnd>, there were no balances outstanding.At ##D<PreYearEnd>, a note with PPL Energy Funding had an outstanding balance of $##D<DemandBalOutstandingPYRPTES> million with an interest rate of 3.77% that was reflected in "Note receivable from affiliate" on the Balance Sheet. Interest earned on theserevolving facilities is included in "Interest Income from Affiliates" on the Statements of Income. The interest rates on borrowings are equal to one-month LIBOR plus a spread. Interest earned on borrowings was ##D<InterestEarnedCYRPTES> for the ##D<PerEndYear> and 2011.

(LKE)

LKE maintains a $##D<LineOfCreditValueESCYRPTLKE> million revolving demand note with a PPL Energy Supply subsidiary whereby LKE can borrow funds on a short-term basis at market-based rates. The interest rates on borrowings are equal to ##D<LineOfCreditIntRateESCYRPTLKE>.At ##D<CurQtrEnd> and ##D<PreYearEnd>, there were ##D<LineOfCreditBorrowESCYRPTLKE>balances outstanding. Interest expense incurred on the revolving demand note with the PPL Energy Supply subsidiary was ##D<LineOfCreditIntExpESCYRPTLKE> for the ##D<PerEndYear> and 2011.

After PPL's acquisition of LKE in November 2010, LKE held a note receivable from a PPL affiliate that has a $##D<NoteReceivableCapacityCYRPTLKE> million borrowing limit whereby LKE can loan funds on a short-term basis at market-based rates. At ##D<CurQtrEnd> and ##D<PreYearEnd>, $##D<NoteRecPPLAffilCYRPTLKE>million and$##D<NoteRecPPLAffilPYRPTLKE> million were outstanding and were reflected in "Notes receivable from affiliates" on the Balance Sheets. The interest rates on loans are based on the PPL affiliate's credit rating and are currently equal to ##D<NoteReceivableIntRateCYRPTLKE>. The interest rates on the outstanding borrowingsat ##D<CurQtrEnd> and ##D<PreYearEnd>were##D<IntRateNoteRecPPLAffilCYRPTLKE> and ##D<IntRateNoteRecPPLAffilPYRPTLKE>. Interest income on the note receivable was##D<IntIncNoteRecPPLAffilCYRPTLKE> for the ##D<PerEndYear> and 2011.

(LG&E)

LG&E participates in an intercompany money pool agreement whereby LKE and/or KU make available to LG&E funds up to $##D<MoneyPoolCapacityCYRPTLGE> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd> and ##D<PreYearEnd>, LG&E had no payable balance outstanding, but at ##D<CurQtrEnd>, LG&E had a $##D<NotesRecFromAffiliatesCYBSLGE> million receivable balance outstanding, which was reflected in "Notes receivable from affiliates" on the Balance Sheet. The interest rate on the outstanding receivable at ##D<CurQtrEnd> was ##D<MoneyPoolRecIntRateCYRPTLGE>. Interest expense incurred on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear> and 2011. Interest income on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear>. There was no interest income on the money pool agreement with LKE and/or KU for the ##D<PerEndPreYear>.

(KU)

KU participates in an intercompany money pool agreement whereby LKE and/or LG&E make available to KU funds up to $##D<MoneyPoolCapacityCYRPTKU> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd>, $##D<NotepayableAFFCYBSKU> million was outstanding and was reflected in "Notes payable with affiliates" on the Balance Sheet. At ##D<PreYearEnd>, there was no balance outstanding. The interest rate on the outstanding borrowings at ##D<CurQtrEnd> was ##D<MoneyPoolIntRateCYRPTKU>. Interest expense incurred on the money pool agreement with LKE and/or LG&E was not significant for the ##D<PerEndYear> and 2011.

Trademark Royalties(PPL Energy Supply)

A PPL subsidiary owns PPL trademarks and billed certain affiliates for their use under a licensing agreement. This agreement was terminated in December 2011. PPL Energy Supply was charged$##D<TrademarkRoyaltiesPQRPTES> million and $##D<TrademarkRoyaltiesPYRPTES> million of license fees for the##D<qtrYTDlc>##D<PreQtrEnd>. These charges are primarily included in "Other operation and maintenance" on the Statement of Income.

Intercompany Insurance (PPL Electric)

PPL Power Insurance Ltd. (PPL Power Insurance) is a subsidiary of PPL that provides insurance coverage to PPL and its subsidiaries for property damage, general/public liability and workers' compensation.

Due to damages resulting from several PUC-reportable storms that occurred in May 2011, PPL Electric exceeded its deductible for the 2011 policy year. Probable recoveries on insurance claims with PPL Power Insurance of $##D<ProbInsRecoveriesPYRPTEU> million were recorded during the ##D<PerEndPreYear>, of which $##D<InsRecoveriesISPYRPTEU> million was included in "Other operation and maintenance" on the Statement of Income, and the remainder was recorded in PP&E on the Balance Sheet.

Other(PPL Energy Supply, PPL Electric, LKE, LG&E and KU)

See Note 7 for a discussion regarding capital transactions by PPL Energy Supply, PPL Electric, LKE, LG&E and KU. For PPL Energy Supply, PPL Electric, LG&E and KU, refer to Note 9 for discussions regarding intercompany allocations associated with defined benefits.

Louisville Gas And Electric Co [Member]

Related Party Transactions [Line Items]

Related Party Transactions

11. Related Party Transactions

PLR Contracts/Purchase of Accounts Receivable (PPL Energy Supply and PPL Electric)

PPL Electric holds competitive solicitations for PLR generation supply. PPL EnergyPlus has been awarded a portion of thePLR generation supply through these competitive solicitations. See Note 10 for additional information on the solicitations.PPL Electric's purchases from PPL EnergyPlus totaled $##D<PLRPurchCQRPTEU>million and $##D<PLRPurchCYRPTEU>million for the ##D<qtrYTDlc> ##D<CurQtrEnd> and $##D<PLRPurchPQRPTEU> million and $##D<PLRPurchPYRPTEU> million during the same periods in 2011. The sales and purchases are included in the Statements of Income as "Wholesale energy marketing to affiliate" by PPL Energy Supply and as "Energy purchases from affiliate" by PPL Electric.

Under the standard Supply Master Agreement for the solicitation process, PPL Electric requires all suppliers to post collateral once credit exposures exceed defined credit limits. PPL EnergyPlus is required to post collateral with PPL Electric when the aggregate credit exposure with respect to electricity, capacity and other related products to be delivered by PPL EnergyPlus exceeds a contractual credit limit. Based on the current credit rating and tangible net worth of PPL Energy Supply, as guarantor, PPL EnergyPlus' credit limit was $##D<EplusCreditLimitCYRPTCorp> million at ##D<CurQtrEnd>. In no instance is PPL Electric required to post collateral to suppliers under these supply contracts.

PPL Electric's customers may choose an alternative supplier for their generation supply. See Note 2 for additional information regarding PPL Electric's purchases of accounts receivable from alternative suppliers, including PPL EnergyPlus.

At ##D<CurQtrEnd>, PPL Energy Supply had a net credit exposure of $##D<PPLESCreditExpCYRPTCorp> million from PPL Electric from its commitment as a PLR supplier and from the sale of its accounts receivable to PPL Electric.

Wholesale Sales and Purchases(LG&E and KU)

LG&E and KU jointly dispatch their generation units with the lowest cost generation used to serve their retail native load. When LG&E has excess generation capacity after serving its own retail native load and its generation cost is lower than that of KU, KU purchases electricity from LG&E. When KU has excess generation capacity after serving its own retail native load and its generation cost is lower than that of LG&E, LG&E purchases electricity from KU. These transactions are reflectedin the Statements of Income as "Electric revenue from affiliate" and "Energy purchases from affiliate" and are recorded at a price equal to the seller's fuel cost. Savings realized from such intercompany transactions are shared equally between the two companies. The volume of energy each company has to sell to the other is dependent on its native load needs and its available generation.

Allocations of Corporate Service Costs(PPL Energy Supply, PPL Electric and LKE)

PPL Services provides corporate functions such as financial, legal, human resources and information technology services. PPL Services charges the respective PPL subsidiaries for the cost of such services when they can be specifically identified. The cost of the services that is not directly charged to PPL subsidiaries is allocated to applicable subsidiaries based on an average of the subsidiaries' relative invested capital, operation and maintenance expenses and number of employees. PPL Services charged the following amountsfor the ##D<QtrEndNoComma>, which PPL management believes are reasonable,including amounts applied to accounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
PPL Energy Supply	$	53	$	44	$	110	$	94
PPL Electric		39		35		81		74
LKE		3		4		8		9

Intercompany Billings by LKS(LG&E and KU)

LKS provides LG&E and KU with a variety of centralized administrative, management and support services. The cost of these services is directly charged to the company or, for general costs that cannot be directly attributed, charged based on predetermined allocation factors, including the following measures: number of customers, total assets, revenues, number of employees and/or other statistical information. LKS charged the amounts in the table belowfor the ##D<QtrEndNoComma>, which LKE management believes are reasonable, including amounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
LG&E	$	40	$	50	$	81	$	83
KU		35		55		81		104

Intercompany Borrowings

(PPL Energy Supply)

A PPL Energy Supply subsidiary periodically holds revolving demand notes from certain affiliates. At ##D<CurQtrEnd>, there were no balances outstanding.At ##D<PreYearEnd>, a note with PPL Energy Funding had an outstanding balance of $##D<DemandBalOutstandingPYRPTES> million with an interest rate of 3.77% that was reflected in "Note receivable from affiliate" on the Balance Sheet. Interest earned on theserevolving facilities is included in "Interest Income from Affiliates" on the Statements of Income. The interest rates on borrowings are equal to one-month LIBOR plus a spread. Interest earned on borrowings was ##D<InterestEarnedCYRPTES> for the ##D<PerEndYear> and 2011.

(LKE)

LKE maintains a $##D<LineOfCreditValueESCYRPTLKE> million revolving demand note with a PPL Energy Supply subsidiary whereby LKE can borrow funds on a short-term basis at market-based rates. The interest rates on borrowings are equal to ##D<LineOfCreditIntRateESCYRPTLKE>.At ##D<CurQtrEnd> and ##D<PreYearEnd>, there were ##D<LineOfCreditBorrowESCYRPTLKE>balances outstanding. Interest expense incurred on the revolving demand note with the PPL Energy Supply subsidiary was ##D<LineOfCreditIntExpESCYRPTLKE> for the ##D<PerEndYear> and 2011.

After PPL's acquisition of LKE in November 2010, LKE held a note receivable from a PPL affiliate that has a $##D<NoteReceivableCapacityCYRPTLKE> million borrowing limit whereby LKE can loan funds on a short-term basis at market-based rates. At ##D<CurQtrEnd> and ##D<PreYearEnd>, $##D<NoteRecPPLAffilCYRPTLKE>million and$##D<NoteRecPPLAffilPYRPTLKE> million were outstanding and were reflected in "Notes receivable from affiliates" on the Balance Sheets. The interest rates on loans are based on the PPL affiliate's credit rating and are currently equal to ##D<NoteReceivableIntRateCYRPTLKE>. The interest rates on the outstanding borrowingsat ##D<CurQtrEnd> and ##D<PreYearEnd>were##D<IntRateNoteRecPPLAffilCYRPTLKE> and ##D<IntRateNoteRecPPLAffilPYRPTLKE>. Interest income on the note receivable was##D<IntIncNoteRecPPLAffilCYRPTLKE> for the ##D<PerEndYear> and 2011.

(LG&E)

LG&E participates in an intercompany money pool agreement whereby LKE and/or KU make available to LG&E funds up to $##D<MoneyPoolCapacityCYRPTLGE> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd> and ##D<PreYearEnd>, LG&E had no payable balance outstanding, but at ##D<CurQtrEnd>, LG&E had a $##D<NotesRecFromAffiliatesCYBSLGE> million receivable balance outstanding, which was reflected in "Notes receivable from affiliates" on the Balance Sheet. The interest rate on the outstanding receivable at ##D<CurQtrEnd> was ##D<MoneyPoolRecIntRateCYRPTLGE>. Interest expense incurred on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear> and 2011. Interest income on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear>. There was no interest income on the money pool agreement with LKE and/or KU for the ##D<PerEndPreYear>.

(KU)

KU participates in an intercompany money pool agreement whereby LKE and/or LG&E make available to KU funds up to $##D<MoneyPoolCapacityCYRPTKU> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd>, $##D<NotepayableAFFCYBSKU> million was outstanding and was reflected in "Notes payable with affiliates" on the Balance Sheet. At ##D<PreYearEnd>, there was no balance outstanding. The interest rate on the outstanding borrowings at ##D<CurQtrEnd> was ##D<MoneyPoolIntRateCYRPTKU>. Interest expense incurred on the money pool agreement with LKE and/or LG&E was not significant for the ##D<PerEndYear> and 2011.

Trademark Royalties(PPL Energy Supply)

A PPL subsidiary owns PPL trademarks and billed certain affiliates for their use under a licensing agreement. This agreement was terminated in December 2011. PPL Energy Supply was charged$##D<TrademarkRoyaltiesPQRPTES> million and $##D<TrademarkRoyaltiesPYRPTES> million of license fees for the##D<qtrYTDlc>##D<PreQtrEnd>. These charges are primarily included in "Other operation and maintenance" on the Statement of Income.

Intercompany Insurance (PPL Electric)

PPL Power Insurance Ltd. (PPL Power Insurance) is a subsidiary of PPL that provides insurance coverage to PPL and its subsidiaries for property damage, general/public liability and workers' compensation.

Due to damages resulting from several PUC-reportable storms that occurred in May 2011, PPL Electric exceeded its deductible for the 2011 policy year. Probable recoveries on insurance claims with PPL Power Insurance of $##D<ProbInsRecoveriesPYRPTEU> million were recorded during the ##D<PerEndPreYear>, of which $##D<InsRecoveriesISPYRPTEU> million was included in "Other operation and maintenance" on the Statement of Income, and the remainder was recorded in PP&E on the Balance Sheet.

Other(PPL Energy Supply, PPL Electric, LKE, LG&E and KU)

See Note 7 for a discussion regarding capital transactions by PPL Energy Supply, PPL Electric, LKE, LG&E and KU. For PPL Energy Supply, PPL Electric, LG&E and KU, refer to Note 9 for discussions regarding intercompany allocations associated with defined benefits.

Kentucky Utilities Co [Member]

Related Party Transactions [Line Items]

Related Party Transactions

11. Related Party Transactions

PLR Contracts/Purchase of Accounts Receivable (PPL Energy Supply and PPL Electric)

PPL Electric holds competitive solicitations for PLR generation supply. PPL EnergyPlus has been awarded a portion of thePLR generation supply through these competitive solicitations. See Note 10 for additional information on the solicitations.PPL Electric's purchases from PPL EnergyPlus totaled $##D<PLRPurchCQRPTEU>million and $##D<PLRPurchCYRPTEU>million for the ##D<qtrYTDlc> ##D<CurQtrEnd> and $##D<PLRPurchPQRPTEU> million and $##D<PLRPurchPYRPTEU> million during the same periods in 2011. The sales and purchases are included in the Statements of Income as "Wholesale energy marketing to affiliate" by PPL Energy Supply and as "Energy purchases from affiliate" by PPL Electric.

Under the standard Supply Master Agreement for the solicitation process, PPL Electric requires all suppliers to post collateral once credit exposures exceed defined credit limits. PPL EnergyPlus is required to post collateral with PPL Electric when the aggregate credit exposure with respect to electricity, capacity and other related products to be delivered by PPL EnergyPlus exceeds a contractual credit limit. Based on the current credit rating and tangible net worth of PPL Energy Supply, as guarantor, PPL EnergyPlus' credit limit was $##D<EplusCreditLimitCYRPTCorp> million at ##D<CurQtrEnd>. In no instance is PPL Electric required to post collateral to suppliers under these supply contracts.

PPL Electric's customers may choose an alternative supplier for their generation supply. See Note 2 for additional information regarding PPL Electric's purchases of accounts receivable from alternative suppliers, including PPL EnergyPlus.

At ##D<CurQtrEnd>, PPL Energy Supply had a net credit exposure of $##D<PPLESCreditExpCYRPTCorp> million from PPL Electric from its commitment as a PLR supplier and from the sale of its accounts receivable to PPL Electric.

Wholesale Sales and Purchases(LG&E and KU)

LG&E and KU jointly dispatch their generation units with the lowest cost generation used to serve their retail native load. When LG&E has excess generation capacity after serving its own retail native load and its generation cost is lower than that of KU, KU purchases electricity from LG&E. When KU has excess generation capacity after serving its own retail native load and its generation cost is lower than that of LG&E, LG&E purchases electricity from KU. These transactions are reflectedin the Statements of Income as "Electric revenue from affiliate" and "Energy purchases from affiliate" and are recorded at a price equal to the seller's fuel cost. Savings realized from such intercompany transactions are shared equally between the two companies. The volume of energy each company has to sell to the other is dependent on its native load needs and its available generation.

Allocations of Corporate Service Costs(PPL Energy Supply, PPL Electric and LKE)

PPL Services provides corporate functions such as financial, legal, human resources and information technology services. PPL Services charges the respective PPL subsidiaries for the cost of such services when they can be specifically identified. The cost of the services that is not directly charged to PPL subsidiaries is allocated to applicable subsidiaries based on an average of the subsidiaries' relative invested capital, operation and maintenance expenses and number of employees. PPL Services charged the following amountsfor the ##D<QtrEndNoComma>, which PPL management believes are reasonable,including amounts applied to accounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
PPL Energy Supply	$	53	$	44	$	110	$	94
PPL Electric		39		35		81		74
LKE		3		4		8		9

Intercompany Billings by LKS(LG&E and KU)

LKS provides LG&E and KU with a variety of centralized administrative, management and support services. The cost of these services is directly charged to the company or, for general costs that cannot be directly attributed, charged based on predetermined allocation factors, including the following measures: number of customers, total assets, revenues, number of employees and/or other statistical information. LKS charged the amounts in the table belowfor the ##D<QtrEndNoComma>, which LKE management believes are reasonable, including amounts that are further distributed between capital and expense:

	Three Months				Six Months
	2012		2011		2012		2011
LG&E	$	40	$	50	$	81	$	83
KU		35		55		81		104

Intercompany Borrowings

(PPL Energy Supply)

A PPL Energy Supply subsidiary periodically holds revolving demand notes from certain affiliates. At ##D<CurQtrEnd>, there were no balances outstanding.At ##D<PreYearEnd>, a note with PPL Energy Funding had an outstanding balance of $##D<DemandBalOutstandingPYRPTES> million with an interest rate of 3.77% that was reflected in "Note receivable from affiliate" on the Balance Sheet. Interest earned on theserevolving facilities is included in "Interest Income from Affiliates" on the Statements of Income. The interest rates on borrowings are equal to one-month LIBOR plus a spread. Interest earned on borrowings was ##D<InterestEarnedCYRPTES> for the ##D<PerEndYear> and 2011.

(LKE)

LKE maintains a $##D<LineOfCreditValueESCYRPTLKE> million revolving demand note with a PPL Energy Supply subsidiary whereby LKE can borrow funds on a short-term basis at market-based rates. The interest rates on borrowings are equal to ##D<LineOfCreditIntRateESCYRPTLKE>.At ##D<CurQtrEnd> and ##D<PreYearEnd>, there were ##D<LineOfCreditBorrowESCYRPTLKE>balances outstanding. Interest expense incurred on the revolving demand note with the PPL Energy Supply subsidiary was ##D<LineOfCreditIntExpESCYRPTLKE> for the ##D<PerEndYear> and 2011.

After PPL's acquisition of LKE in November 2010, LKE held a note receivable from a PPL affiliate that has a $##D<NoteReceivableCapacityCYRPTLKE> million borrowing limit whereby LKE can loan funds on a short-term basis at market-based rates. At ##D<CurQtrEnd> and ##D<PreYearEnd>, $##D<NoteRecPPLAffilCYRPTLKE>million and$##D<NoteRecPPLAffilPYRPTLKE> million were outstanding and were reflected in "Notes receivable from affiliates" on the Balance Sheets. The interest rates on loans are based on the PPL affiliate's credit rating and are currently equal to ##D<NoteReceivableIntRateCYRPTLKE>. The interest rates on the outstanding borrowingsat ##D<CurQtrEnd> and ##D<PreYearEnd>were##D<IntRateNoteRecPPLAffilCYRPTLKE> and ##D<IntRateNoteRecPPLAffilPYRPTLKE>. Interest income on the note receivable was##D<IntIncNoteRecPPLAffilCYRPTLKE> for the ##D<PerEndYear> and 2011.

(LG&E)

LG&E participates in an intercompany money pool agreement whereby LKE and/or KU make available to LG&E funds up to $##D<MoneyPoolCapacityCYRPTLGE> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd> and ##D<PreYearEnd>, LG&E had no payable balance outstanding, but at ##D<CurQtrEnd>, LG&E had a $##D<NotesRecFromAffiliatesCYBSLGE> million receivable balance outstanding, which was reflected in "Notes receivable from affiliates" on the Balance Sheet. The interest rate on the outstanding receivable at ##D<CurQtrEnd> was ##D<MoneyPoolRecIntRateCYRPTLGE>. Interest expense incurred on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear> and 2011. Interest income on the money pool agreement with LKE and/or KU was not significant for the ##D<PerEndYear>. There was no interest income on the money pool agreement with LKE and/or KU for the ##D<PerEndPreYear>.

(KU)

KU participates in an intercompany money pool agreement whereby LKE and/or LG&E make available to KU funds up to $##D<MoneyPoolCapacityCYRPTKU> million at an interest rate based on a market index of commercial paper issues. At ##D<CurQtrEnd>, $##D<NotepayableAFFCYBSKU> million was outstanding and was reflected in "Notes payable with affiliates" on the Balance Sheet. At ##D<PreYearEnd>, there was no balance outstanding. The interest rate on the outstanding borrowings at ##D<CurQtrEnd> was ##D<MoneyPoolIntRateCYRPTKU>. Interest expense incurred on the money pool agreement with LKE and/or LG&E was not significant for the ##D<PerEndYear> and 2011.

Trademark Royalties(PPL Energy Supply)

A PPL subsidiary owns PPL trademarks and billed certain affiliates for their use under a licensing agreement. This agreement was terminated in December 2011. PPL Energy Supply was charged$##D<TrademarkRoyaltiesPQRPTES> million and $##D<TrademarkRoyaltiesPYRPTES> million of license fees for the##D<qtrYTDlc>##D<PreQtrEnd>. These charges are primarily included in "Other operation and maintenance" on the Statement of Income.

Intercompany Insurance (PPL Electric)

PPL Power Insurance Ltd. (PPL Power Insurance) is a subsidiary of PPL that provides insurance coverage to PPL and its subsidiaries for property damage, general/public liability and workers' compensation.

Due to damages resulting from several PUC-reportable storms that occurred in May 2011, PPL Electric exceeded its deductible for the 2011 policy year. Probable recoveries on insurance claims with PPL Power Insurance of $##D<ProbInsRecoveriesPYRPTEU> million were recorded during the ##D<PerEndPreYear>, of which $##D<InsRecoveriesISPYRPTEU> million was included in "Other operation and maintenance" on the Statement of Income, and the remainder was recorded in PP&E on the Balance Sheet.

Other(PPL Energy Supply, PPL Electric, LKE, LG&E and KU)

See Note 7 for a discussion regarding capital transactions by PPL Energy Supply, PPL Electric, LKE, LG&E and KU. For PPL Energy Supply, PPL Electric, LG&E and KU, refer to Note 9 for discussions regarding intercompany allocations associated with defined benefits.