Other Income (Expense) - net

12 Months Ended

Dec. 31, 2012

Other Income (Expense) - net [Abstract]

Other Income (Expense) - net

17. Other Income (Expense) - net
(PPL, PPL Energy Supply, PPL Electric, LKE, LG&E and KU)
The breakdown of "Other Income (Expense) - net" for the years ended December 31 was:
		PPL
		2012		2011		2010
Other Income
	Earnings on securities in NDT funds	$	22	$	24	$	20
	Interest income		5		7		8
	AFUDC - equity component		10		7		5
	Net hedge gains associated with the 2011 Bridge Facility (a)				55
	Earnings (losses) from equity method investments		(8)		1		2
	Gain on redemption of debt (b)				22
	Miscellaneous - Domestic		11		10		3
	Miscellaneous - U.K.		2		1		1
	Total Other Income		42		127		39
Other Expense
	Economic foreign currency exchange contracts (Note 19)		52		(10)		(3)
	Charitable contributions		10		9		4
	Cash flow hedges (c)						29
	LKE acquisition-related costs (Note 10)						31
	WPD Midlands acquisition-related costs (Note 10)				34
	Foreign currency loss on 2011 Bridge Facility (d)				57
	U.K. stamp duty tax (Note 10)				21
	Miscellaneous - Domestic		16		9		7
	Miscellaneous - U.K.		3		3		2
	Total Other Expense		81		123		70
Other Income (Expense) - net		$	(39)	$	4	$	(31)

		Successor						Predecessor
						Two Months		Ten Months
		Year Ended		Year Ended		Ended		Ended
		December 31,		December 31,		December 31,		October 31,
		2012		2011		2010		2010
LKE
Other Income
	Net derivative gains (losses)							$	19
	Interest income			$	1
	Earnings (losses) from equity method investments	$	(8)		1				3
	Life insurance		1						2
	Miscellaneous		3		2				1
	Total Other Income		(4)		4				25
Other Expense
	Charitable contributions		4		4	$	1		5
	Joint-use-asset depreciation								3
	Miscellaneous		7		1		1		3
	Total Other Expense		11		5		2		11
Other Income (Expense) - net		$	(15)	$	(1)	$	(2)	$	14
LG&E
Other Income
	Net derivative gains (losses)							$	19
	Miscellaneous	$	1						1
	Total Other Income		1						20
Other Expense
	Charitable contributions		2	$	1				2
	Miscellaneous		2		1	$	3		1
	Total Other Expense		4		2		3		3
Other Income (Expense) - net		$	(3)	$	(2)	$	(3)	$	17
KU
Other Income
	Earnings (losses) from equity method investments	$	(8)	$	1			$	3
	Life insurance		1						2
	Miscellaneous		1						1
	Total Other Income		(6)		1				6
Other Expense
	Charitable contributions		1		1				1
	Joint-use-asset depreciation								3
	Miscellaneous		1		1				1
	Total Other Expense		2		2				5
Other Income (Expense) - net		$	(8)	$	(1)			$	1

(a)       Represents a gain on foreign currency contracts that hedged the repayment of the 2011 Bridge Facility borrowing.

(b)       In July 2011, as a result of PPL Electric's redemption of 7.125% Senior Secured Bonds due 2013, PPL recorded a gain on the accelerated amortization of the fair value adjustment to the debt recorded in connection with previously settled fair value hedges.

(c)       Represents losses reclassified from AOCI into earnings associated with discontinued hedges at PPL for debt that had been planned to be issued by PPL Energy Supply. As a result of the expected net proceeds from the sale of certain non-core generation facilities, coupled with the monetization of full-requirement sales contracts, the debt issuance was no longer needed.

(d)       Represents a foreign currency loss related to the repayment of the 2011 Bridge Facility borrowing.

"Other Income (Expense) – net” for the years ended December 31, 2012, 2011 and 2010 is primarily earnings on securities in NDT funds for PPL Energy Supply and the equity component of AFUDC for PPL Electric.