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Retirement and Postemployment Benefits (Tables)

12 Months Ended

Dec. 31, 2013

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following table provides the components of net periodic defined benefit costs for PPL's domestic (U.S.) and WPD (U.K.) pension and other postretirement benefit plans for the years ended December 31.

			Pension Benefits
			U.S.						U.K.						Other Postretirement Benefits
			2013		2012		2011		2013		2012		2011		2013		2012		2011
Net periodic defined benefit costs
	(credits):
Service cost			$	126	$	103	$	95	$	69	$	54	$	44	$	14	$	12	$	12
Interest cost				213		220		217		320		340		282		29		31		33
Expected return on plan assets				(293)		(259)		(245)		(465)		(458)		(338)		(25)		(23)		(23)
Amortization of:
		Transition (asset) obligation																2		2
		Prior service cost (credit)		22		24		24		1		4		4				1
		Actuarial (gain) loss		80		42		30		150		79		57		6		4		6
Net periodic defined benefit costs
	(credits) prior to settlement
	charges and termination benefits			148		130		121		75		19		49		24		27		30
Settlement charges						11
Termination benefits (a)										3		2		50
Net periodic defined benefit costs
	(credits)		$	148	$	141	$	121	$	78	$	21	$	99	$	24	$	27	$	30

Other Changes in Plan Assets
	and Benefit Obligations
	Recognized in OCI and
	Regulatory Assets/Liabilities -
	Gross:
Settlements					$	(11)
Net (gain) loss			$	(319)		372	$	117	$	76	$	1,073	$	152	$	(68)	$	13	$	(9)
Prior service cost
	(credit)							8								(3)		(1)		10
Amortization of:
		Transition asset (obligation)																(2)		(2)
		Prior service (cost) credit		(22)		(24)		(24)		(1)		(4)		(4)				(1)
		Actuarial gain (loss)		(80)		(42)		(30)		(150)		(79)		(57)		(6)		(4)		(6)
Total recognized in OCI and
	regulatory assets/liabilities (b)			(421)		295		71		(75)		990		91		(77)		5		(7)

Total recognized in net periodic
	defined benefit costs, OCI and
	regulatory assets/liabilities (b)		$	(273)	$	436	$	192	$	3	$	1,011	$	190	$	(53)	$	32	$	23

(a) Related to the WPD Midlands separations in the U.K.

(b) WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP. As a result, WPD does not record regulatory assets/liabilities.

Schedule of Amounts Recognized in Other Comprehensive Income and Regulatory Assets and Liabilities

For PPL's U.S. pension benefits and for other postretirement benefits, the amounts recognized in OCI and regulatory assets/liabilities for the years ended December 31 were as follows:

		U.S. Pension Benefits							Other Postretirement Benefits
			2013		2012		2011		2013		2012		2011

OCI		$	(228)	$	181	$	47	$	(41)	$	12	$	(6)
Regulatory assets/liabilities			(193)		114		24		(36)		(7)		(1)
Total recognized in OCI and
	regulatory assets/liabilities	$	(421)	$	295	$	71	$	(77)	$	5	$	(7)

Schedule of Amounts to be Amortized from AOCI and Regulatory Assets/Liabilities in Next Fiscal Year

The estimated amounts to be amortized from AOCI and regulatory assets/liabilities into net periodic defined benefit costs in 2014 are as follows:


	Pension Benefits
	U.S.		U.K.

Prior service cost (credit)	$	20
Actuarial (gain) loss		30	$	131
Total	$	50	$	131

Amortization from Balance Sheet:
AOCI	$	22	$	131
Regulatory assets/liabilities		28
Total	$	50	$	131

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

The following net periodic defined benefit costs (credits) were charged to operating expense, excluding amounts charged to construction and other non-expense accounts. The U.K. pension benefits apply to PPL only.

	Pension Benefits
	U.S.						U.K.						Other Postretirement Benefits
	2013		2012		2011		2013		2012		2011		2013		2012		2011

PPL	$	117	$	119	$	98	$	33	$	25	$	82	$	19	$	22	$	24
PPL Energy Supply		45		37		27								6		6		7
PPL Electric (a)		18		19		14								3		3		4

LKE	32	31	40	8	9	11
LG&E	14	13	16	4	5	5
KU (a)	9	8	10	2	3	4

(a) PPL Electric and KU do not directly sponsor any defined benefit plans. PPL Electric and KU were allocated these costs of defined benefit plans sponsored by PPL Services (for PPL Electric) and by LKE (for KU), based on their participation in those plans, which management believes are reasonable.

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31.

		Pension Benefits
		U.S.				U.K.				Other Postretirement Benefits
		2013		2012		2013		2012		2013		2012
PPL
	Discount rate		5.12%		4.22%		4.41%		4.27%		4.91%		4.00%
	Rate of compensation increase		3.97%		3.98%		4.00%		4.00%		3.96%		3.97%

PPL Energy Supply
	Discount rate		5.18%		4.25%						4.51%		3.77%
	Rate of compensation increase		3.94%		3.95%						3.94%		3.95%


LKE
	Discount rate	5.18%	4.24%	4.91%	3.99%
	Rate of compensation increase	4.00%	4.00%	4.00%	4.00%

LG&E
	Discount rate	5.13%	4.20%

The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the years ended December 31.

		Pension Benefits
		U.S.						U.K.						Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011		2013		2012		2011
PPL
	Discount rate		4.22%		5.06%		5.42%		4.27%		5.24%		5.59%		4.00%		4.80%		5.14%
	Rate of compensation increase		3.98%		4.02%		4.88%		4.00%		4.00%		3.75%		3.97%		4.00%		4.90%
	Expected return on plan assets (a)		7.03%		7.07%		7.25%		7.16%		7.17%		7.04%		5.94%		5.99%		6.57%

PPL Energy Supply
	Discount rate		4.25%		5.12%		5.47%								3.77%		4.60%		4.95%
	Rate of compensation increase		3.95%		4.00%		4.75%								3.95%		4.00%		4.75%
	Expected return on plan assets (a)		7.00%		7.00%		7.25%								N/A		N/A		N/A


LKE
	Discount rate	4.24%	5.09%	5.49%	3.99%	4.78%	5.12%
	Rate of compensation increase	4.00%	4.00%	5.25%	4.00%	4.00%	5.25%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%	6.76%	7.02%	7.16%

LG&E
	Discount rate	4.20%	5.00%	5.39%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%

(a) The expected long-term rates of return for pension and other postretirement benefits are based on management's projections using a best-estimate of expected returns, volatilities and correlations for each asset class. Each plan's specific current and expected asset allocations are also considered in developing a reasonable return assumption.

(PPL, PPL Energy Supply and LKE)

The following table provides the assumed health care cost trend rates for the years ended December 31:

			2013		2012		2011
PPL and PPL Energy Supply
	Health care cost trend rate assumed for next year
		- obligations		7.6%		8.0%		8.5%
		- cost		8.0%		8.5%		9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.0%		5.5%		5.5%
		- cost		5.5%		5.5%		5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2020		2019		2019
		- cost		2019		2019		2019


LKE
	Health care cost trend rate assumed for next year
		- obligations	7.6%	8.0%	8.5%
		- cost	8.0%	8.5%	9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations	5.0%	5.5%	5.5%
		- cost	5.5%	5.5%	5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations	2020	2019	2019
		- cost	2019	2019	2019

A one percentage point change in the assumed health care costs trend rate assumption would have had the following effects on the other postretirement benefit plans in 2013:

		One Percentage Point
		Increase		Decrease
Effect on accumulated postretirement benefit obligation
	PPL	$	6	$	(5)
	LKE		5		(4)

Schedule of Funded Status of Defined Benefit Plans

The funded status of PPL's plans at December 31 was as follows:

			Pension Benefits
			U.S.				U.K.				Other Postretirement Benefits
			2013		2012		2013		2012		2013		2012
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	5,046	$	4,381	$	7,888	$	6,638	$	722	$	687
		Service cost		126		103		69		54		14		12
		Interest cost		213		220		320		340		29		31
		Participant contributions						15		15		12		6
		Plan amendments										(4)		(1)
		Actuarial (gain) loss		(540)		546		46		1,081		(54)		31
		Settlements				(25)
		Termination benefits						3		2
		Net transfer in (out)								12
		Actual expenses paid				(3)
		Gross benefits paid (a)		(254)		(176)		(375)		(397)		(57)		(46)
		Federal subsidy												2
		Currency conversion						177		143
Benefit Obligation, end of period				4,591		5,046		8,143		7,888		662		722

Change in Plan Assets
Plan assets at fair value, beginning of period				3,939		3,471		6,911		6,351		421		391
		Actual return on plan assets		72		432		438		476		37		42
		Employer contributions		399		239		134		341		30		27
		Participant contributions						15		15		12		5
		Settlements				(25)
		Actual expenses paid				(2)
		Gross benefits paid (a)		(254)		(176)		(375)		(397)		(54)		(44)
		Currency conversion						161		125
Plan assets at fair value, end of period				4,156		3,939		7,284		6,911		446		421

Funded Status, end of period			$	(435)	$	(1,107)	$	(859)	$	(977)	$	(216)	$	(301)

Amounts recognized in the Balance
	Sheets consist of:
		Current liability	$	(8)	$	(8)					$	(1)	$	(1)
		Noncurrent liability		(427)		(1,099)	$	(859)	$	(977)		(215)		(300)
Net amount recognized, end of period			$	(435)	$	(1,107)	$	(859)	$	(977)	$	(216)	$	(301)

Amounts recognized in AOCI and
	regulatory assets/liabilities (pre-tax)
	consist of:
Prior service cost (credit)			$	69	$	91			$	1	$	(11)	$	(7)
Net actuarial (gain) loss				842		1,241	$	2,112		2,184		33		106
Total (b)			$	911	$	1,332	$	2,112	$	2,185	$	22	$	99

Total accumulated benefit obligation
	for defined benefit pension plans		$	4,191	$	4,569	$	7,542	$	7,259

(a) Certain U.S. pension plans offered a limited-time program in 2013 during which terminated vested participants could elect to receive their accrued pension benefit as a one-time lump sum payment. The increase in gross benefits paid is primarily the result of $64 million of lump-sum cash payments made to terminated vested participants in 2013 in connection with these offerings.

(b) WPD is not subject to accounting for the effects of certain types of regulation as prescribed by GAAP. As a result, WPD does not record regulatory assets/liabilities.

For PPL's U.S. pension and other postretirement benefit plans, the amounts recognized in AOCI and regulatory assets/liabilities at December 31 were as follows:

	U.S. Pension Benefits				Other Postretirement Benefits
	2013		2012		2013		2012

AOCI	$	430	$	659	$	19	$	59
Regulatory assets/liabilities		481		673		3		40
Total	$	911	$	1,332	$	22	$	99

Schedule of Projected or Accumulated Benefit Obligations In Excess of Plan Assets

The following tables provide information on pension plans where the projected benefit obligation (PBO) or accumulated benefit obligation (ABO) exceed the fair value of plan assets:

	U.S.				U.K.
	PBO in excess of plan assets				PBO in excess of plan assets
		2013		2012		2013		2012

Projected benefit obligation	$	4,591	$	5,046	$	8,143	$	7,888
Fair value of plan assets		4,156		3,939		7,284		6,911

	U.S.				U.K.
	ABO in excess of plan assets				ABO in excess of plan assets
		2013		2012		2013		2012

Accumulated benefit obligation	$	572	$	4,569	$	3,441	$	3,349
Fair value of plan assets		431		3,939		3,131		2,812

Contributions Made to Multiemployer Plans

The table below details total contributions to all multiemployer pension and other postretirement plans, including the plan identified as significant above.

	2013		2012		2011

Pension Plans	$	36	$	31	$	36
Other Postretirement Benefit Plans		32		28		31
Total Contributions	$	68	$	59	$	67

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

					2013 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2013 (a)	2012		Average	PPL Plans	LKE Plans

Growth Portfolio			59%	58%		55%	55%	55%
	Equity securities		30%	31%
	Debt securities (b)		17%	18%
	Alternative investments		12%	9%
Immunizing Portfolio			39%	41%		43%	43%	43%
	Debt securities (b)		40%	40%
	Derivatives		(1%)	1%
Liquidity Portfolio			2%	1%		2%	2%	2%
Total			100%	100%		100%	100%	100%

(a) Allocations exclude consideration of cash for the WKE Bargaining Employees' Retirement Plan and a guaranteed annuity contract held by the LG&E and KU Retirement Plan.

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2013								December 31, 2012
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	120	$	120					$	84	$	84
Equity securities:
		U.S.:
			Large-cap		480		134	$	346				558		206	$	352
			Small-cap		137		137						124		124
			Commingled debt		749		13		736				676		56		620
		International			630		163		467				557		184		373
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		617		563		54				704		634		70
		Residential/commercial backed securities			12				11	$	1		12				11	$	1
		Corporate			963				940		23		874				847		27
		Other			24				24				24				23		1
		International			7				7				7				7
Alternative investments:
		Commodities			108				108				59				59
		Real estate			134				134				93				93
		Private equity			80						80		75						75
		Hedge funds			210				210				125				125
Derivatives:
		Interest rate swaps and swaptions			(49)				(49)				36				36
		Other			12				12				2				2
Insurance contracts					37						37		42						42
PPL Services Corporation Master Trust assets, at
	fair value				4,271	$	1,130	$	3,000	$	141		4,052	$	1,288	$	2,618	$	146
Receivables and payables, net (a)													(11)
401(h) account restricted for other
	postretirement benefit obligations				(115)								(102)
Total PPL Services Corporation Master Trust
	pension assets			$	4,156							$	3,939

(a) Receivables and payables represent amounts for investments sold/purchased but not yet settled along with interest and dividends earned but not yet received.

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2013 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period				$	1	$	27	$	75	$	42	$	1	$	146
	Actual return on plan assets
		Relating to assets still held
			at the reporting date						3		2				5
		Relating to assets sold during the period					5								5
	Purchases, sales and settlements						(9)		2		(7)				(14)
	Transfers from level 3 to level 2												(1)		(1)
Balance at end of period				$	1	$	23	$	80	$	37	$		$	141

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

Schedules of Target Allocation of U.S. Other Postretirement Benefit Plans VEBA Trust

The asset allocation for the PPL VEBA trusts, excluding LKE, and the target allocation, by asset class, at December 31 are detailed below.

						Target Asset
		Percentage of plan assets				Allocation
		2013		2012		2013
Asset Class
U.S. Equity securities			55%		46%		45%
Debt securities (a)			41%		51%		50%
Cash and cash equivalents (b)			4%		3%		5%
	Total		100%		100%		100%

(a) Includes commingled debt funds and debt securities.

(b) Includes money market funds.

Schedule of Fair Value of Financial Assets for U.S. Postretirement Benefits

The fair value of assets in the U.S. other postretirement benefit plans by asset class and level within the fair value hierarchy was:

			December 31, 2013							December 31, 2012
					Fair Value Measurement Using							Fair Value Measurement Using
			Total		Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3
Money market funds			$	12	$	12				$	13	$	13
U.S. Equity securities:
		Large-cap		182			$	182			145			$	145
		Commingled debt		100				100			119				119
Debt securities:
		Municipalities		36				36			41				41
Total VEBA trust assets, at fair value				330	$	12	$	318			318	$	13	$	305
Receivables and payables, net (a)				1							1
401(h) account assets (b)				115							102
Total other postretirement benefit plan
	assets		$	446						$	421

(a) Receivables and payables represent amounts for investments sold/purchased but not yet settled along with interest and dividends earned but not yet received.

(b) LKE's other postretirement benefit plan was invested primarily in a 401(h) account as disclosed in the PPL Services Corporation Master Trust.

Schedules of Asset Allocation of U.K. Pension Plan Assets

The asset allocation and target allocation at December 31 of WPD's pension plans are detailed below.

						Target Asset
		Percentage of plan assets				Allocation
		2013		2012		2013
Asset Class
Equity securities
	U.K.		7%		6%		7%
	European (excluding the U.K.)		5%		14%		4%
	Asian-Pacific		3%				3%
	North American		5%				5%
	Emerging markets		8%		3%		8%
	Currency		7%		2%		3%
	Global Tactical Asset Allocation		19%		18%		19%
Debt securities (a)			40%		51%		45%
Alternative investments			6%		6%		6%
	Total		100%		100%		100%

(a) Includes commingled debt funds.

Schedule of Fair Value of Financial Assets for U.K. Pension Plan Assets

The fair value of assets in the U.K. pension plans by asset class and level within the fair value hierarchy was:

			December 31, 2013							December 31, 2012
					Fair Value Measurement Using							Fair Value Measurement Using
			Total		Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3

Cash and cash equivalents			$	10	$	10				$	14	$	14
Equity securities:
	U.K. companies			523		267	$	256			440		223	$	217
	European companies (excluding the U.K.)			355		275		80			956		720		236
	Asian-Pacific companies			226		180		46
	North American companies			352		254		98
	Emerging markets companies			411		126		285			231				231
	Global Equities			161				161
	Currency			485				485			127				127
	Global Tactical Asset Allocation			1,384				1,384			1,220				1,220
	Commingled debt:
		U.K. corporate bonds		504				504			593				593
		U.K. gilts		2,426				2,426			2,907				2,907
Alternative investments:
	Real estate			447				447			423				423
Fair value - U.K. pension plans			$	7,284	$	1,112	$	6,172		$	6,911	$	957	$	5,954

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans and the following federal subsidy payments are expected to be received by PPL.

			Other Postretirement
					Expected
			Benefit		Federal
		Pension	Payment		Subsidy

2014	$	211	$	53	$	1
2015		222		55		1
2016		234		57		1
2017		250		59		1
2018		264		62		1
2019-2023		1,545		338		3

Schedule of Expected Cash Flows - U.K. Pension Plans - Expected Payments

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans.

	Pension

2014	$	387
2015		392
2016		397
2017		402
2018		410
2019-2023		2,128

Expected Employer Contributions to U.S. Savings Plans

Substantially all employees of PPL's domestic subsidiaries are eligible to participate in deferred savings plans (401(k)s). Employer contributions to the plans were:

	2013		2012		2011

PPL	$	41	$	36	$	31
PPL Energy Supply		12		12		11
PPL Electric		6		5		5

LKE	13	12	11
LG&E	7	6	5
KU	6	6	6

PPL Energy Supply LLC [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following table provides the components of net periodic defined benefit costs for PPL Energy Supply's pension and other postretirement benefit plans for the years ended December 31.

			Pension Benefits						Other Postretirement Benefits
			2013		2012		2011		2013		2012		2011
Net periodic defined benefit costs
(credits):
Service cost			$	7	$	6	$	5	$	1	$	1	$	1
Interest cost				8		7		7				1		1
Expected return on plan assets				(10)		(9)		(9)
Amortization of:
		Actuarial (gain) loss		3		2		2
Net periodic defined benefit costs
	(credits)		$	8	$	6	$	5	$	1	$	2	$	2

Other Changes in Plan Assets
	and Benefit Obligations
	Recognized in OCI:
Net (gain) loss			$	(15)	$	16	$	7	$	(1)			$	(2)
Prior service cost (credit)										(3)	$	(1)
Amortization of:
		Actuarial gain (loss)		(3)		(2)		(2)
Total recognized in OCI				(18)		14		5		(4)		(1)		(2)

Total recognized in net periodic
	defined benefit costs and OCI		$	(10)	$	20	$	10	$	(3)	$	1	$

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

In the table above, for PPL Energy Supply and LG&E, amounts include costs for the specific plans each sponsors and the following allocated costs of defined benefit plans sponsored by PPL Services (for PPL Energy Supply) and by LKE (for LG&E), based on their participation in those plans, which management believes are reasonable:

	Pension Benefits							Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011

PPL Energy Supply	$	38	$	31	$	23	$	5	$	5	$	6

LG&E

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31.

		Pension Benefits
		U.S.				U.K.				Other Postretirement Benefits
		2013		2012		2013		2012		2013		2012
PPL
	Discount rate		5.12%		4.22%		4.41%		4.27%		4.91%		4.00%
	Rate of compensation increase		3.97%		3.98%		4.00%		4.00%		3.96%		3.97%

PPL Energy Supply
	Discount rate		5.18%		4.25%						4.51%		3.77%
	Rate of compensation increase		3.94%		3.95%						3.94%		3.95%


LKE
	Discount rate	5.18%	4.24%	4.91%	3.99%
	Rate of compensation increase	4.00%	4.00%	4.00%	4.00%

LG&E
	Discount rate	5.13%	4.20%

The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the years ended December 31.

		Pension Benefits
		U.S.						U.K.						Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011		2013		2012		2011
PPL
	Discount rate		4.22%		5.06%		5.42%		4.27%		5.24%		5.59%		4.00%		4.80%		5.14%
	Rate of compensation increase		3.98%		4.02%		4.88%		4.00%		4.00%		3.75%		3.97%		4.00%		4.90%
	Expected return on plan assets (a)		7.03%		7.07%		7.25%		7.16%		7.17%		7.04%		5.94%		5.99%		6.57%

PPL Energy Supply
	Discount rate		4.25%		5.12%		5.47%								3.77%		4.60%		4.95%
	Rate of compensation increase		3.95%		4.00%		4.75%								3.95%		4.00%		4.75%
	Expected return on plan assets (a)		7.00%		7.00%		7.25%								N/A		N/A		N/A


LKE
	Discount rate	4.24%	5.09%	5.49%	3.99%	4.78%	5.12%
	Rate of compensation increase	4.00%	4.00%	5.25%	4.00%	4.00%	5.25%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%	6.76%	7.02%	7.16%

LG&E
	Discount rate	4.20%	5.00%	5.39%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%

(PPL, PPL Energy Supply and LKE)

The following table provides the assumed health care cost trend rates for the years ended December 31:

			2013		2012		2011
PPL and PPL Energy Supply
	Health care cost trend rate assumed for next year
		- obligations		7.6%		8.0%		8.5%
		- cost		8.0%		8.5%		9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.0%		5.5%		5.5%
		- cost		5.5%		5.5%		5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2020		2019		2019
		- cost		2019		2019		2019


LKE
	Health care cost trend rate assumed for next year
		- obligations	7.6%	8.0%	8.5%
		- cost	8.0%	8.5%	9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations	5.0%	5.5%	5.5%
		- cost	5.5%	5.5%	5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations	2020	2019	2019
		- cost	2019	2019	2019

Schedule of Funded Status of Defined Benefit Plans

(PPL Energy Supply)

The funded status of PPL Energy Supply's plans at December 31 was as follows:

			Pension Benefits
			U.S.				Other Postretirement Benefits
			2013		2012		2013		2012
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	176	$	143	$	17	$	17
		Service cost		7		6		1		1
		Interest cost		8		7				1
		Plan amendments						(4)		(1)
		Actuarial (gain) loss		(23)		23		(1)
		Gross benefits paid		(5)		(3)		(1)		(1)
Benefit Obligation, end of period				163		176		12		17

Change in Plan Assets
Plan assets at fair value, beginning of
	period			149		132
		Actual return on plan assets		3		16
		Employer contributions				4		1
		Gross benefits paid		(5)		(3)		(1)
Plan assets at fair value, end of period				147		149

Funded Status, end of period			$	(16)	$	(27)	$	(12)	$	(17)

Amounts recognized in the Balance
	Sheets consist of:
		Current liability					$	(1)	$	(1)
		Noncurrent liability	$	(16)	$	(27)		(11)		(16)
Net amount recognized, end of period			$	(16)	$	(27)	$	(12)	$	(17)

Amounts recognized in AOCI
	(pre-tax) consist of:
Prior service cost (credit)							$	(5)	$	(1)
Net actuarial (gain) loss			$	34	$	52		1		2
Total			$	34	$	52	$	(4)	$	1

Total accumulated benefit obligation
	for defined benefit pension plans		$	163	$	176

Allocations to PPL Energy Supply resulted in liabilities at December 31 as follows:

Contributions Made to Multiemployer Plans

The table below details total contributions to all multiemployer pension and other postretirement plans, including the plan identified as significant above.

	2013		2012		2011

Pension Plans	$	36	$	31	$	36
Other Postretirement Benefit Plans		32		28		31
Total Contributions	$	68	$	59	$	67

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

					2013 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2013 (a)	2012		Average	PPL Plans	LKE Plans

Growth Portfolio			59%	58%		55%	55%	55%
	Equity securities		30%	31%
	Debt securities (b)		17%	18%
	Alternative investments		12%	9%
Immunizing Portfolio			39%	41%		43%	43%	43%
	Debt securities (b)		40%	40%
	Derivatives		(1%)	1%
Liquidity Portfolio			2%	1%		2%	2%	2%
Total			100%	100%		100%	100%	100%

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2013								December 31, 2012
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	120	$	120					$	84	$	84
Equity securities:
		U.S.:
			Large-cap		480		134	$	346				558		206	$	352
			Small-cap		137		137						124		124
			Commingled debt		749		13		736				676		56		620
		International			630		163		467				557		184		373
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		617		563		54				704		634		70
		Residential/commercial backed securities			12				11	$	1		12				11	$	1
		Corporate			963				940		23		874				847		27
		Other			24				24				24				23		1
		International			7				7				7				7
Alternative investments:
		Commodities			108				108				59				59
		Real estate			134				134				93				93
		Private equity			80						80		75						75
		Hedge funds			210				210				125				125
Derivatives:
		Interest rate swaps and swaptions			(49)				(49)				36				36
		Other			12				12				2				2
Insurance contracts					37						37		42						42
PPL Services Corporation Master Trust assets, at
	fair value				4,271	$	1,130	$	3,000	$	141		4,052	$	1,288	$	2,618	$	146
Receivables and payables, net (a)													(11)
401(h) account restricted for other
	postretirement benefit obligations				(115)								(102)
Total PPL Services Corporation Master Trust
	pension assets			$	4,156							$	3,939

(a) Receivables and payables represent amounts for investments sold/purchased but not yet settled along with interest and dividends earned but not yet received.

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2013 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period				$	1	$	27	$	75	$	42	$	1	$	146
	Actual return on plan assets
		Relating to assets still held
			at the reporting date						3		2				5
		Relating to assets sold during the period					5								5
	Purchases, sales and settlements						(9)		2		(7)				(14)
	Transfers from level 3 to level 2												(1)		(1)
Balance at end of period				$	1	$	23	$	80	$	37	$		$	141

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans.

			Other
	Pension		Postretirement

2014	$	5	$	1
2015		6		2
2016		6		2
2017		7		2
2018		8		2
2019-2023		52		11

PPL Electric Utilities Corp [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule of Funded Status of Defined Benefit Plans

Allocations to PPL Electric resulted in liabilities at December 31 as follows.

LG And E And KU Energy LLC [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following table provides the components of net periodic defined benefit costs for LKE's pension and other postretirement benefit plans for the years ended December 31.


			Pension Benefits						Other Postretirement Benefits
			2013		2012		2011		2013		2012		2011
Net periodic defined benefit costs
	(credits):
Service cost			$	26	$	22	$	24	$	5	$	4	$	4
Interest cost				62		64		67		8		9		10
Expected return on plan assets				(82)		(70)		(64)		(5)		(4)		(3)
Amortization of:
		Transition (asset) obligation										2		2
		Prior service cost (credit)		5		5		5		3		3		2
		Actuarial (gain) loss		33		22		24				(1)
Net periodic defined benefit costs (credits)			$	44	$	43	$	56	$	11	$	13	$	15

Other Changes in Plan Assets
	and Benefit Obligations
	Recognized in OCI and
	Regulatory Assets/Liabilities -
	Gross:
Net (gain) loss			$	(116)	$	96	$	29	$	(14)	$	(11)	$	(3)
Prior service cost (credit)								8						11
Amortization of:
		Transition (asset) obligation										(2)		(2)
		Prior service (cost) credit		(5)		(5)		(5)		(3)		(3)		(2)
		Actuarial gain (loss)		(33)		(22)		(24)				1
Total recognized in OCI and
	regulatory assets/liabilities			(154)		69		8		(17)		(15)		4

Total recognized in net periodic
	defined benefit costs, OCI and regulatory
	assets/liabilities		$	(110)	$	112	$	64	$	(6)	$	(2)	$	19

Schedule of Amounts Recognized in Other Comprehensive Income and Regulatory Assets and Liabilities

For LKE's pension and other postretirement benefits, the amounts recognized in OCI and regulatory assets/liabilities for the years ended December 31 were as follows:


		Pension Benefits						Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011


OCI		$	(46)	$	34	$	1	$	(1)	$	(1)	$	2
Regulatory assets/liabilities			(108)		35		7		(16)		(14)		2
Total recognized in OCI and
	regulatory assets/liabilities	$	(154)	$	69	$	8	$	(17)	$	(15)	$	4

Schedule of Amounts to be Amortized from AOCI and Regulatory Assets/Liabilities in Next Fiscal Year

The estimated amounts to be amortized from regulatory assets/liabilities into net periodic defined benefit costs for LKE in 2014 are as follows.

			Other
	Pension		Postretirement
	Benefits		Benefits

Prior service cost (credit)	$	5	$	2
Actuarial (gain) loss		13		(1)
Total	$	18	$	1

Amortization from Balance Sheet:
Regulatory assets/liabilities	$	18	$	1
Total	$	18	$	1

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31.

		Pension Benefits
		U.S.				U.K.				Other Postretirement Benefits
		2013		2012		2013		2012		2013		2012
PPL
	Discount rate		5.12%		4.22%		4.41%		4.27%		4.91%		4.00%
	Rate of compensation increase		3.97%		3.98%		4.00%		4.00%		3.96%		3.97%

PPL Energy Supply
	Discount rate		5.18%		4.25%						4.51%		3.77%
	Rate of compensation increase		3.94%		3.95%						3.94%		3.95%


LKE
	Discount rate	5.18%	4.24%	4.91%	3.99%
	Rate of compensation increase	4.00%	4.00%	4.00%	4.00%

LG&E
	Discount rate	5.13%	4.20%

The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the years ended December 31.

		Pension Benefits
		U.S.						U.K.						Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011		2013		2012		2011
PPL
	Discount rate		4.22%		5.06%		5.42%		4.27%		5.24%		5.59%		4.00%		4.80%		5.14%
	Rate of compensation increase		3.98%		4.02%		4.88%		4.00%		4.00%		3.75%		3.97%		4.00%		4.90%
	Expected return on plan assets (a)		7.03%		7.07%		7.25%		7.16%		7.17%		7.04%		5.94%		5.99%		6.57%

PPL Energy Supply
	Discount rate		4.25%		5.12%		5.47%								3.77%		4.60%		4.95%
	Rate of compensation increase		3.95%		4.00%		4.75%								3.95%		4.00%		4.75%
	Expected return on plan assets (a)		7.00%		7.00%		7.25%								N/A		N/A		N/A


LKE
	Discount rate	4.24%	5.09%	5.49%	3.99%	4.78%	5.12%
	Rate of compensation increase	4.00%	4.00%	5.25%	4.00%	4.00%	5.25%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%	6.76%	7.02%	7.16%

LG&E
	Discount rate	4.20%	5.00%	5.39%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%

(PPL, PPL Energy Supply and LKE)

The following table provides the assumed health care cost trend rates for the years ended December 31:

			2013		2012		2011
PPL and PPL Energy Supply
	Health care cost trend rate assumed for next year
		- obligations		7.6%		8.0%		8.5%
		- cost		8.0%		8.5%		9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.0%		5.5%		5.5%
		- cost		5.5%		5.5%		5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2020		2019		2019
		- cost		2019		2019		2019


LKE
	Health care cost trend rate assumed for next year
		- obligations	7.6%	8.0%	8.5%
		- cost	8.0%	8.5%	9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations	5.0%	5.5%	5.5%
		- cost	5.5%	5.5%	5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations	2020	2019	2019
		- cost	2019	2019	2019

A one percentage point change in the assumed health care costs trend rate assumption would have had the following effects on the other postretirement benefit plans in 2013:

		One Percentage Point
		Increase		Decrease
Effect on accumulated postretirement benefit obligation
	PPL	$	6	$	(5)
	LKE		5		(4)

Schedule of Funded Status of Defined Benefit Plans

The funded status of LKE's plans at December 31 was as follows:

			Pension Benefits				Other Postretirement Benefits
			2013		2012		2013		2012
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	1,487	$	1,306	$	209	$	214
		Service cost		26		22		5		4
		Interest cost		62		63		8		9
		Participant contributions						7		8
		Actuarial (gain) loss		(177)		144		(18)		(8)
		Gross benefits paid (a)		(70)		(48)		(18)		(19)
		Federal subsidy								1
Benefit Obligation, end of period				1,328		1,487		193		209

Change in Plan Assets
Plan assets at fair value, beginning of period				1,070		944		68		58
		Actual return on plan assets		21		117		1		8
		Employer contributions		152		57		16		13
		Participant contributions						7		8
		Gross benefits paid (a)		(70)		(48)		(18)		(19)
Plan assets at fair value, end of period				1,173		1,070		74		68

Funded Status, end of period			$	(155)	$	(417)	$	(119)	$	(141)

Amounts recognized in the Balance
	Sheets consist of:
		Current liability	$	(3)	$	(3)
		Noncurrent liability		(152)		(414)	$	(119)	$	(141)
Net amount recognized, end of period			$	(155)	$	(417)	$	(119)	$	(141)

Amounts recognized in AOCI and
	regulatory assets/liabilities (pre-tax)
	consist of:
Prior service cost (credit)			$	24	$	28	$	8	$	11
Net actuarial (gain) loss				205		355		(30)		(17)
Total			$	229	$	383	$	(22)	$	(6)

Total accumulated benefit obligation
	for defined benefit pension plans		$	1,176	$	1,319

(a) Certain LKE pension plans offered a limited-time program in 2013 during which terminated vested participants could elect to receive their accrued pension benefit as a one-time lump-sum payment. The increase in gross benefits paid is primarily the result of $21 million of lump-sum cash payments made to terminated vested participants in 2013 in connection with these offerings.

The amounts recognized in AOCI and regulatory assets/liabilities at December 31 were as follows:

	Pension Benefits				Other Postretirement Benefits
	2013		2012		2013		2012

AOCI	$	(19)	$	27
Regulatory assets/liabilities		248		356	$	(22)	$	(6)
Total	$	229	$	383	$	(22)	$	(6)

Schedule of Projected or Accumulated Benefit Obligations In Excess of Plan Assets

The following tables provide information on pension plans where the projected benefit obligation (PBO) or accumulated benefit obligation (ABO) exceed the fair value of plan assets:

	PBO in excess of plan assets
		2013		2012

Projected benefit obligation	$	1,328	$	1,487
Fair value of plan assets		1,173		1,070

	ABO in excess of plan assets
		2013		2012

Accumulated benefit obligation	$	350	$	1,319
Fair value of plan assets		284		1,070

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

					2013 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2013 (a)	2012		Average	PPL Plans	LKE Plans

Growth Portfolio			59%	58%		55%	55%	55%
	Equity securities		30%	31%
	Debt securities (b)		17%	18%
	Alternative investments		12%	9%
Immunizing Portfolio			39%	41%		43%	43%	43%
	Debt securities (b)		40%	40%
	Derivatives		(1%)	1%
Liquidity Portfolio			2%	1%		2%	2%	2%
Total			100%	100%		100%	100%	100%

(a) Allocations exclude consideration of cash for the WKE Bargaining Employees' Retirement Plan and a guaranteed annuity contract held by the LG&E and KU Retirement Plan.

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2013								December 31, 2012
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	120	$	120					$	84	$	84
Equity securities:
		U.S.:
			Large-cap		480		134	$	346				558		206	$	352
			Small-cap		137		137						124		124
			Commingled debt		749		13		736				676		56		620
		International			630		163		467				557		184		373
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		617		563		54				704		634		70
		Residential/commercial backed securities			12				11	$	1		12				11	$	1
		Corporate			963				940		23		874				847		27
		Other			24				24				24				23		1
		International			7				7				7				7
Alternative investments:
		Commodities			108				108				59				59
		Real estate			134				134				93				93
		Private equity			80						80		75						75
		Hedge funds			210				210				125				125
Derivatives:
		Interest rate swaps and swaptions			(49)				(49)				36				36
		Other			12				12				2				2
Insurance contracts					37						37		42						42
PPL Services Corporation Master Trust assets, at
	fair value				4,271	$	1,130	$	3,000	$	141		4,052	$	1,288	$	2,618	$	146
Receivables and payables, net (a)													(11)
401(h) account restricted for other
	postretirement benefit obligations				(115)								(102)
Total PPL Services Corporation Master Trust
	pension assets			$	4,156							$	3,939

(a) Receivables and payables represent amounts for investments sold/purchased but not yet settled along with interest and dividends earned but not yet received.

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2013 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period				$	1	$	27	$	75	$	42	$	1	$	146
	Actual return on plan assets
		Relating to assets still held
			at the reporting date						3		2				5
		Relating to assets sold during the period					5								5
	Purchases, sales and settlements						(9)		2		(7)				(14)
	Transfers from level 3 to level 2												(1)		(1)
Balance at end of period				$	1	$	23	$	80	$	37	$		$	141

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

Schedule of Fair Value of Financial Assets for U.S. Postretirement Benefits

The fair value of assets in the U.S. other postretirement benefit plans by asset class and level within the fair value hierarchy was:

			December 31, 2013							December 31, 2012
					Fair Value Measurement Using							Fair Value Measurement Using
			Total		Level 1		Level 2		Level 3	Total		Level 1		Level 2		Level 3
Money market funds			$	12	$	12				$	13	$	13
U.S. Equity securities:
		Large-cap		182			$	182			145			$	145
		Commingled debt		100				100			119				119
Debt securities:
		Municipalities		36				36			41				41
Total VEBA trust assets, at fair value				330	$	12	$	318			318	$	13	$	305
Receivables and payables, net (a)				1							1
401(h) account assets (b)				115							102
Total other postretirement benefit plan
	assets		$	446						$	421

(a) Receivables and payables represent amounts for investments sold/purchased but not yet settled along with interest and dividends earned but not yet received.

(b) LKE's other postretirement benefit plan was invested primarily in a 401(h) account as disclosed in the PPL Services Corporation Master Trust.

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

			Other Postretirement
					Expected
			Benefit		Federal
		Pension	Payment		Subsidy

2014	$	58	$	13	$	1
2015		57		13
2016		60		14		1
2017		64		14
2018		69		15		1
2019-2023		425		81		2

Louisville Gas And Electric Co [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule Of Net Periodic Defined Benefit Costs (Credits)

The following table provides the components of net periodic defined benefit costs for LG&E's pension benefit plan for the years ended December 31.

			Pension Benefits
			2013		2012		2011
Net periodic defined benefit costs (credits):
Service cost			$	2	$	2	$	2
Interest cost				14		14		14
Expected return on plan assets				(20)		(19)		(18)
Amortization of:
		Prior service cost (credit)		2		3		2
		Actuarial (gain) loss		14		11		11
Net periodic defined benefit costs (credits)			$	12	$	11	$	11

Other Changes in Plan Assets and Benefit Obligations
	Recognized in Regulatory Assets - Gross:
Net (gain) loss			$	(20)	$	18	$	15
Prior service cost (credit)								9
Amortization of:
		Prior service (cost) credit		(2)		(2)		(2)
		Actuarial gain (loss)		(14)		(11)		(11)
Total recognized in regulatory assets/liabilities				(36)		5		11

Total recognized in net periodic defined benefit costs and regulatory assets			$	(24)	$	16	$	22

Schedule of Amounts to be Amortized from AOCI and Regulatory Assets/Liabilities in Next Fiscal Year

The estimated amounts to be amortized from regulatory assets into net periodic defined benefit costs for LG&E in 2014 are as follows.

	Pension
	Benefits

Prior service cost (credit)	$	2
Actuarial (gain) loss		6
Total	$	8

Schedule of Net Periodic Defined Benefit Costs Included in Income Statement

	Pension Benefits							Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011

PPL Energy Supply	$	38	$	31	$	23	$	5	$	5	$	6

LG&E

Defined Benefit Plan Assumptions and Impact of One Point Change on Postretirement Plans

The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31.

		Pension Benefits
		U.S.				U.K.				Other Postretirement Benefits
		2013		2012		2013		2012		2013		2012
PPL
	Discount rate		5.12%		4.22%		4.41%		4.27%		4.91%		4.00%
	Rate of compensation increase		3.97%		3.98%		4.00%		4.00%		3.96%		3.97%

PPL Energy Supply
	Discount rate		5.18%		4.25%						4.51%		3.77%
	Rate of compensation increase		3.94%		3.95%						3.94%		3.95%


LKE
	Discount rate	5.18%	4.24%	4.91%	3.99%
	Rate of compensation increase	4.00%	4.00%	4.00%	4.00%

LG&E
	Discount rate	5.13%	4.20%

The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the years ended December 31.

		Pension Benefits
		U.S.						U.K.						Other Postretirement Benefits
		2013		2012		2011		2013		2012		2011		2013		2012		2011
PPL
	Discount rate		4.22%		5.06%		5.42%		4.27%		5.24%		5.59%		4.00%		4.80%		5.14%
	Rate of compensation increase		3.98%		4.02%		4.88%		4.00%		4.00%		3.75%		3.97%		4.00%		4.90%
	Expected return on plan assets (a)		7.03%		7.07%		7.25%		7.16%		7.17%		7.04%		5.94%		5.99%		6.57%

PPL Energy Supply
	Discount rate		4.25%		5.12%		5.47%								3.77%		4.60%		4.95%
	Rate of compensation increase		3.95%		4.00%		4.75%								3.95%		4.00%		4.75%
	Expected return on plan assets (a)		7.00%		7.00%		7.25%								N/A		N/A		N/A


LKE
	Discount rate	4.24%	5.09%	5.49%	3.99%	4.78%	5.12%
	Rate of compensation increase	4.00%	4.00%	5.25%	4.00%	4.00%	5.25%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%	6.76%	7.02%	7.16%

LG&E
	Discount rate	4.20%	5.00%	5.39%
	Expected return on plan assets (a)	7.10%	7.25%	7.25%

			2013		2012		2011
PPL and PPL Energy Supply
	Health care cost trend rate assumed for next year
		- obligations		7.6%		8.0%		8.5%
		- cost		8.0%		8.5%		9.0%
	Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
		- obligations		5.0%		5.5%		5.5%
		- cost		5.5%		5.5%		5.5%
	Year that the rate reaches the ultimate trend rate
		- obligations		2020		2019		2019
		- cost		2019		2019		2019

Schedule of Funded Status of Defined Benefit Plans

(LG&E)

The funded status of LG&E's plan at December 31, was as follows:

			Pension Benefits
			2013		2012
Change in Benefit Obligation
Benefit Obligation, beginning of period			$	331	$	298
		Service cost		2		1
		Interest cost		14		14
		Actuarial (gain) loss		(35)		32
		Gross benefits paid (a)		(21)		(14)
Benefit Obligation, end of period				291		331

Change in Plan Assets
Plan assets at fair value, beginning of period				287		256
		Actual return on plan assets		4		32
		Employer contributions		11		13
		Gross benefits paid (a)		(21)		(14)
Plan assets at fair value, end of period				281		287

Funded Status, end of period			$	(10)	$	(44)

Amounts recognized in the Balance Sheets consist of:
		Noncurrent liability	$	(10)	$	(44)
Net amount recognized, end of period			$	(10)	$	(44)

Amounts recognized in regulatory assets (pre-tax)
	consist of:
Prior service cost (credit)			$	15	$	17
Net actuarial (gain) loss				90		123
Total			$	105	$	140

Total accumulated benefit obligation for defined benefit pension plan			$	288	$	328

(a) LG&E's pension plan offered a limited-time program in 2013 during which terminated vested participants could elect to receive their accrued pension benefit as a one-time lump-sum payment. The increase in gross benefits paid is primarily the result of $7 million of lump-sum cash payments made to terminated vested participants in 2013 in connection with this offering.

Allocations to LG&E resulted in liabilities at December 31 as follows:

Schedules of Asset Allocation of U.S. Pension Trusts Assets

The asset allocation for the trusts and the target allocation by portfolio, at December 31, are as follows:

					2013 Target Asset Allocation (a)
		Percentage of trust assets				Weighted
			2013 (a)	2012		Average	PPL Plans	LKE Plans

Growth Portfolio			59%	58%		55%	55%	55%
	Equity securities		30%	31%
	Debt securities (b)		17%	18%
	Alternative investments		12%	9%
Immunizing Portfolio			39%	41%		43%	43%	43%
	Debt securities (b)		40%	40%
	Derivatives		(1%)	1%
Liquidity Portfolio			2%	1%		2%	2%	2%
Total			100%	100%		100%	100%	100%

(a) Allocations exclude consideration of cash for the WKE Bargaining Employees' Retirement Plan and a guaranteed annuity contract held by the LG&E and KU Retirement Plan.

(b) Includes commingled debt funds, which PPL treats as debt securities for asset allocation purposes.

Schedule of Fair Value of Financial Assets for U.S. Pension Plan Assets

The fair value of net assets in the U.S. pension plan trusts by asset class and level within the fair value hierarchy was:

				December 31, 2013								December 31, 2012
						Fair Value Measurements Using								Fair Value Measurements Using
				Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
PPL Services Corporation Master Trust
Cash and cash equivalents				$	120	$	120					$	84	$	84
Equity securities:
		U.S.:
			Large-cap		480		134	$	346				558		206	$	352
			Small-cap		137		137						124		124
			Commingled debt		749		13		736				676		56		620
		International			630		163		467				557		184		373
Debt securities:
		U.S. Treasury and U.S. government sponsored
			agency		617		563		54				704		634		70
		Residential/commercial backed securities			12				11	$	1		12				11	$	1
		Corporate			963				940		23		874				847		27
		Other			24				24				24				23		1
		International			7				7				7				7
Alternative investments:
		Commodities			108				108				59				59
		Real estate			134				134				93				93
		Private equity			80						80		75						75
		Hedge funds			210				210				125				125
Derivatives:
		Interest rate swaps and swaptions			(49)				(49)				36				36
		Other			12				12				2				2
Insurance contracts					37						37		42						42
PPL Services Corporation Master Trust assets, at
	fair value				4,271	$	1,130	$	3,000	$	141		4,052	$	1,288	$	2,618	$	146
Receivables and payables, net (a)													(11)
401(h) account restricted for other
	postretirement benefit obligations				(115)								(102)
Total PPL Services Corporation Master Trust
	pension assets			$	4,156							$	3,939

(a) Receivables and payables represent amounts for investments sold/purchased but not yet settled along with interest and dividends earned but not yet received.

Reconciliation of U.S. Pension Trust Assets Classified as Level 3 Included in Earnings

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2013 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period				$	1	$	27	$	75	$	42	$	1	$	146
	Actual return on plan assets
		Relating to assets still held
			at the reporting date						3		2				5
		Relating to assets sold during the period					5								5
	Purchases, sales and settlements						(9)		2		(7)				(14)
	Transfers from level 3 to level 2												(1)		(1)
Balance at end of period				$	1	$	23	$	80	$	37	$		$	141

A reconciliation of U.S. pension trust assets classified as Level 3 at December 31, 2012 is as follows:

				Residential/
				commercial
				backed		Corporate		Private		Insurance		Other
				securities		debt		equity		contracts		debt		Total

Balance at beginning of period						$	7	$	45	$	46			$	98
	Actual return on plan assets
		Relating to assets still held
			at the reporting date				1		10		3				14
		Relating to assets sold during the period					2								2
	Purchases, sales and settlements			$	1		21		20		(7)				35
	Transfers from level 2 to level 3											$	1		1
	Transfers from level 3 to level 2						(4)								(4)
Balance at end of period				$	1	$	27	$	75	$	42	$	1	$	146

Schedule of Expected Cash Flows - U.S. Defined Benefit Plans - Expected Payments and Related Federal Subsidy

The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plan.

		Pension

2014	$	15
2015		15
2016		15
2017		16
2018		17
2019-2023		99

Kentucky Utilities Co [Member]

Net Periodic Defined Benefit Costs (Credits) [Line Items]

Schedule of Funded Status of Defined Benefit Plans

Allocations to KU resulted in liabilities at December 31 as follows.

Other postretirement benefits