XML 145 R66.htm IDEA: XBRL DOCUMENT v2.4.0.6
Income and Other Taxes (Credit Carryforwards and Valuation Allowances and Reserves) (Details) (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Valuation Allowances and Reserves (Details) [Roll Forward]      
Permanently reinvested cumulative undistributed foreign earnings $ 2,000,000,000 $ 1,200,000,000  
Valuation Allowance Of Deferred Tax Assets [Member]
     
Valuation Allowances and Reserves (Details) [Roll Forward]      
Balance at beginning of period 724,000,000 464,000,000 312,000,000
Additions charged to income 18,000,000 190,000,000 221,000,000
Additions charged to other accounts 10,000,000 112,000,000 [1] 6,000,000
Deductions 46,000,000 [2] 42,000,000 [3] 75,000,000 [4]
Balance at end of period 706,000,000 724,000,000 464,000,000
Valuation allowance recorded against certain deferred tax assets as a result of the WPD Midlands acquisition   101,000,000  
Reduction of the valuation allowance as a result of the reduction in the UK statutory income tax rate   35,000,000  
Valuation allowance reduction related to state net operating loss carryforwards related to expiration of generation rate caps     72,000,000
Investment Tax Credit [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 233,000,000    
Expiration 2025-2032    
Alternative Minimum Tax Credit [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 20,000,000    
Expiration Indefinite    
Foreign Tax Credit [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 1,000,000    
Expiration 2017-2022    
Other [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 30,000,000    
Expiration 2016-2032    
Other [Member] | State [Member]
     
Credit carryforwards      
Credit carryforwards, amount 4,000,000    
Expiration 2022    
PPL Energy Supply LLC [Member] | Valuation Allowance Of Deferred Tax Assets [Member]
     
Valuation Allowances and Reserves (Details) [Roll Forward]      
Balance at beginning of period 72,000,000 408,000,000 255,000,000
Additions charged to income 2,000,000 22,000,000 205,000,000
Additions charged to other accounts         
Deductions    358,000,000 [5] 52,000,000 [6]
Balance at end of period 74,000,000 72,000,000 408,000,000
Valuation allowance reduction related to state net operating loss carryforwards related to expiration of generation rate caps     52,000,000
PPL Energy Supply LLC [Member] | Investment Tax Credit [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 108,000,000    
Expiration 2031-2032    
PPL Energy Supply LLC [Member] | Other [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 5,000,000    
Expiration 2031-2032    
LG And E And KU Energy LLC [Member] | Valuation Allowance Of Deferred Tax Assets [Member]
     
Valuation Allowances and Reserves (Details) [Roll Forward]      
Balance at beginning of period 5,000,000 6,000,000 7,000,000
Additions charged to other accounts       6,000,000 [7]
Deductions    1,000,000 [8] 7,000,000 [9]
Balance at end of period 5,000,000 5,000,000 6,000,000
LG And E And KU Energy LLC [Member] | Investment Tax Credit [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 125,000,000    
Expiration 2025-2028    
LG And E And KU Energy LLC [Member] | Alternative Minimum Tax Credit [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 20,000,000    
Expiration Indefinite    
LG And E And KU Energy LLC [Member] | Other [Member] | Federal [Member]
     
Credit carryforwards      
Credit carryforwards, amount 25,000,000    
Expiration 2016-2032    
LG And E And KU Energy LLC [Member] | Other [Member] | State [Member]
     
Credit carryforwards      
Credit carryforwards, amount $ 4,000,000    
Expiration 2022    
[1] Primarily related to a $101 million valuation allowance that was recorded against certain deferred tax assets as a result of the 2011 acquisition of WPD Midlands. See Note 10 for additional information on the acquisition.
[2] The reduction of the U.K. statutory income tax rate resulted in a reduction in deferred tax assets and the corresponding valuation allowances. See "Reconciliation of Income Tax Expense" below for more information on the impact of the U.K. Finance Act of 2012.
[3] The reduction of the U.K. statutory income tax rate resulted in a $35 million reduction in deferred tax assets and the corresponding valuation allowances. See "Reconciliation of Income Tax Expense" below for more information on the impact of the U.K. Finance Act of 2011.
[4] Resulting from the projected revenue increase in connection with the expiration of the Pennsylvania generation rate caps in 2010, the valuation allowance related to state net operating loss carryforwards over the remaining carryforward period was reduced by $72 million.
[5] During 2011, PPL Energy Supply distributed its membership interest in PPL Global to PPL Energy Funding. See Note 9 for additional information.
[6] Resulting from the projected revenue increase in connection with the expiration of the Pennsylvania generation rate caps in 2010, the valuation allowance related to state net operating loss carryforwards over the remaining carryforward period was reduced by $52 million.
[7] A valuation allowance was recorded against deferred tax assets for state capital loss carryforwards.
[8] Primarily related to the expiration of state capital loss carryforwards.
[9] Related to release of a valuation allowance associated with federal capital loss carryforwards due to the LKE acquisition by PPL.