Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended March 31 used in the EPS calculation are:

		Three Months
		2013		2012
Income (Numerator)
Net income attributable to PPL shareowners		$	413	$	541
Less amounts allocated to participating securities			2		3
Net income available to PPL common shareowners - Basic			411		538
Plus interest charges (net of tax) related to Equity Units			15
Net income available to PPL common shareowners - Diluted		$	426	$	538

Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS			582,640		579,041
Add incremental non-participating securities:
	Share-based payment awards		810		486
	Equity Units		71,990
	Forward sale agreements		1,580
Weighted-average shares - Diluted EPS			657,020		579,527

Basic EPS
	Net Income Available to PPL common shareowners	$	0.70	$	0.93

Diluted EPS
	Net Income Available to PPL common shareowners	$	0.65	$	0.93

Common Stock Issuances

For the periods ended March 31, PPL issued common stock related to stock-based compensation plans, ESOP and DRIP as follows:

(Shares in thousands)	Three Months
	2013	2012
Stock-based compensation plans (a)	446	277
ESOP	275	280
DRIP	549	558

(a) Includes stock options exercised, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

For the periods ended March 31, the following were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months
(Shares in thousands)	2013		2012

Stock options		6,589		5,682
Performance units		206		195
Restricted stock units		116