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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended 2 Months Ended 12 Months Ended 10 Months Ended 2 Months Ended 12 Months Ended 10 Months Ended 2 Months Ended 12 Months Ended 10 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2012
PPL Energy Supply LLC [Member]
Dec. 31, 2011
PPL Energy Supply LLC [Member]
Dec. 31, 2010
PPL Energy Supply LLC [Member]
Dec. 31, 2012
PPL Electric Utilities Corp [Member]
Dec. 31, 2011
PPL Electric Utilities Corp [Member]
Dec. 31, 2010
PPL Electric Utilities Corp [Member]
Dec. 31, 2010
LG And E And KU Energy LLC [Member]
Successor [Member]
Dec. 31, 2012
LG And E And KU Energy LLC [Member]
Successor [Member]
Dec. 31, 2011
LG And E And KU Energy LLC [Member]
Successor [Member]
Oct. 31, 2010
LG And E And KU Energy LLC [Member]
Predecessor [Member]
Dec. 31, 2010
Louisville Gas And Electric Co [Member]
Successor [Member]
Dec. 31, 2012
Louisville Gas And Electric Co [Member]
Successor [Member]
Dec. 31, 2011
Louisville Gas And Electric Co [Member]
Successor [Member]
Oct. 31, 2010
Louisville Gas And Electric Co [Member]
Predecessor [Member]
Dec. 31, 2010
Kentucky Utilities Co [Member]
Successor [Member]
Dec. 31, 2012
Kentucky Utilities Co [Member]
Successor [Member]
Dec. 31, 2011
Kentucky Utilities Co [Member]
Successor [Member]
Oct. 31, 2010
Kentucky Utilities Co [Member]
Predecessor [Member]
Cash Flows from Operating Activities                                          
Net income $ 1,531 $ 1,512 $ 959 $ 475 $ 769 $ 862 $ 136 [1] $ 189 [1] $ 135 [1] $ 47 $ 219 $ 265 $ 190 $ 19 $ 123 $ 124 $ 109 $ 35 $ 137 $ 178 $ 140
Adjustments to reconcile net income to net cash provided by (used in) operating activities                                          
Pre-tax gain from the sale of the Maine hydroelectric generation business                (25)                              
Depreciation 1,100 961 567 285 245 365 160 146 136 49 346 334 235 23 152 147 115 26 193 186 119
Amortization 186 254 213 119 137 160 18 8 (23) 3 27 27    2 11 12    2 14 13   
Defined benefit plans - expense 166 205 102 43 36 52 22 18 20 12 40 51 52 4 18 21 20 3 11 14 13
Deferred income taxes and investment tax credits 424 582 241 152 317 (31) 114 106 198 52 133 218 65 13 69 51 21 4 99 108 23
Impairment of assets 28 13 120 3 13 120          25                  25      
Unrealized (gains) losses on derivatives, and other hedging activities 27 (314) 542 (41) (283) 536                14          14        
Provision for Montana hydroelectric litigation    (74) 66    (74) 66                              
Regulatory asset for previously recorded losses on interest rate swaps                                    (22)        
Loss from discontinued operations - net of tax                            1                
Other 52 36 32 42 25 41 2 1 4 11 2 (9) (23) 2 (13) 1 2 12 10 (10) (3)
Change in current assets and current liabilities                                          
Accounts receivable 7 (89) (106) (54) 38 (18) 3 (5) (38) (17) (9) 17 12 (27) (2) 25 (2) (12) (17) 22 13
Accounts payable (29) (36) 216 (45) (89) 20 27 (68) 31 (14) 1 (32) (34) 17    (24)    9 1 2 (17)
Accounts payable to affiliates                   4 (1)    (7) (31) (3) 6 23 (41)    (12) 46
Unbilled revenues (19) 64 (99) 33 14 (88) (8) 36 59 (70) (10) 24 41 (38) (7) 16 22 (32) (3) 8 19
Fuel, materials and supplies                   15 8 15 (28) 10    20 (22) 5 7 (5) (6)
Prepayments (5) 294 (318)       2 58 (112)                        
Income tax receivable                   (40) 2 37 (2)                
Counterparty collateral (34) (190) (18) (34) (190) (18)                              
Taxes 24 (104) 20 (27) 27 87 12 (23) (38) 4 1 (2) 18    (7) 3    14 15 (14)   
Regulatory assets and liabilities (2) 106 (110)       (1) 107 (85)                        
Accrued interest 32 109 50                                    
Other 8 6 9 (68) (18) 8 (5) 7 (27) (27)    (1) 47 (2) (7) (7) (47) 6 6 (3) 10
Other operating activities                                          
Defined benefit plans - funding (607) (667) (396) (75) (152) (302) (59) (113) (55) (8) (70) (170) (57) (1) (27) (70) (25) (2) (21) (50) (18)
Discontinued operations                            13                
Other assets (33) (62) (45) (41) (30) (71) (3) (28) 5 12 (5) (11) 14    (21) (7) (5)    (3) (2) 15
Other liabilities (92) (99) (12) 17 (9) 76 (31) (19) 2 (7) 38 18 (63) 1 22 7 (14) 1 26 9 (10)
Net cash provided by (used in) operating activities 2,764 2,507 2,033 784 776 1,840 389 420 212 26 747 781 488 (8) 308 325 189 30 500 444 344
Cash Flows from Investing Activities                                          
Expenditures for property, plant and equipment (3,105) (2,487) (1,597) (648) (661) (1,009) (624) (481) (401) (152) (768) (477) (447) (65) (286) (196) (155) (89) (480) (279) (292)
Proceeds from the sale of certain non-core generation facilities    381       381                                 
Proceeds from the sale of the Long Island generation business       124       124                              
Proceeds from the sale of the Maine hydroelectric generation business       38       38                              
Proceeds from sales of discontinued operations                            21                
Proceeds from the sale of assets to affiliates                                    48        
Purchases of assets from affiliates                                            (48)
Ironwood Acquisition, net of cash acquired (84)       (84)                                    
Acquisition of WPD Midlands    (5,763)                                       
Acquisition of LKE, net of cash acquired       (6,812)                                    
Expenditures for intangible assets       (45) (57) (82)                              
Purchases of nuclear plant decommissioning trust investments (154) (169) (128) (154) (169) (128)                              
Proceeds from the sale of nuclear plant decommissioning trust investments 139 156 114 139 156 114                              
Proceeds from the sale of other investments 20 163                      163          163           
Net (increase) decrease in notes receivable from affiliates       198 (198)          (61) 15 46                   
Net (increase) decrease in restricted cash and cash equivalents 96 (143) 85 104 (128) 84       2 (3) (9)    2 (3) (9)           
Other investing activities (35) (90) (53) 21 8 34 11 4 (2)                        
Net cash provided by (used in) investing activities (3,123) (7,952) (8,229) (469) (668) (825) (613) (477) (403) (211) (756) (277) (426) (63) (289) (42) (107) (89) (480) (279) (340)
Cash Flows from Financing Activities                                          
Borrowings during period on short-term facility                   1,001       900         33         
Retirement of short-term debt with affiliate                   (1,001)       (575)         (33)         
Issuance of long-term debt 1,223 5,745 4,642    500 602 249 645    2,890    250    531          1,489         
Issuance of long-term debt with affiliates                   1,783       50 485          1,298         
Retirement of long-term debt (108) (1,210) (20) (9) (750)       (458)          (2)                   
Retirement of long-term debt with affiliates                   (1,783)       (325) (485)          (1,298)         
Issuance of common stock 72 2,297 2,441                                    
Payment of common stock dividends (833) (746) (566)                                    
Contributions from parent             150 100 55                        
Redemption of preference stock of a subsidiary (250)    (54)       (250)    (54)                        
Payment of common stock dividends to parent             (95) (92) (71)            (75) (83) (55)    (100) (124) (50)
Contributions from member       563 461 3,625       1,565                         
Repayment to E.ON AG affiliates                   (4,319)          (485)          (1,331)         
Distributions to member       (787) (316) (4,692)       (100) (155) (533) (87)                
Cash included in net assets of subsidiary distributed to member          (325)                                 
Debt issuance and credit facility costs (17) (102) (175) (3) (9) (53)       (32) (2) (8)    (10) (2) (2)    (17)    (3)   
Contract adjustment payments (94) (72) (13)                                    
Net increase (decrease) in notes payable to affiliates                      25    (3) (130)    (12) (28) (83)    (10) 48
Net increase (decrease) in short-term debt 74 (125) 70 (44) 50 (93)       163 125 (163)    163 55 (163)       70      
Other financing activities (19) (20) (18) (1) (1) (1) (10) (22) (20)                        
Net cash provided by (used in) financing activities 48 5,767 6,307 (281) (390) (612) 44 173 (90) 167 (7) (456) (40) 69 (22) (260) (83) 58 (30) (137) (2)
Effect of Exchange Rates on Cash and Cash Equivalents 10 (45) 13       13                              
Net Increase (Decrease) in Cash and Cash Equivalents (301) 277 124 34 (282) 416 (180) 116 (281) (18) (16) 48 22 (2) (3) 23 (1) (1) (10) 28 2
Cash and Cash Equivalents at Beginning of Period 1,202 925 801 379 661 245 320 204 485 29 59 11 7 4 25 2 5 4 31 3 2
Cash and Cash Equivalents at End of Period 901 1,202 925 413 379 661 140 320 204 11 43 59 29 2 22 25 4 3 21 31 4
Supplemental Disclosures of Cash Flow Information:                                          
Interest - net of amount capitalized 847 696 458 150 165 275 81 75 87 41 139 126 153 11 39 40 39 22 62 60 62
Income taxes - net $ 73 $ (76) $ 313 $ 128 $ 69 $ 278 $ (42) $ (44) $ (33) $ (1) $ (45) $ (98) $ 9 $ (8) $ 5 $ 20 $ 60 $ (12) $ (39) $ 16 $ 74
[1] Net income approximates comprehensive income.