2014 Q4 Form 10-K Financial Statement

#000092222415000016 Filed on February 23, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2014 Q2
Revenue $1.946B $1.879B $1.849B
YoY Change -30.97% -38.87% -46.41%
Cost Of Revenue $241.0M $173.0M $185.0M
YoY Change -59.43% -75.5% -84.34%
Gross Profit $1.705B $1.706B $1.664B
YoY Change -23.37% -27.96% -24.02%
Gross Profit Margin 87.62% 90.79% 89.99%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $249.0M $249.0M $125.0M
YoY Change -318.42% -26.76% -62.69%
% of Gross Profit 14.6% 14.6% 7.51%
Operating Expenses $1.005B $1.018B $986.0M
YoY Change -38.68% -33.11% -33.02%
Operating Profit $700.0M $688.0M $678.0M
YoY Change 3233.33% -18.68% -7.38%
Interest Expense -$206.0M $213.0M $208.0M
YoY Change 38.26% -12.7% -19.38%
% of Operating Profit -29.43% 30.96% 30.68%
Other Income/Expense, Net $72.00M $136.0M -$74.00M
YoY Change -1128.57% -216.24% -1950.0%
Pretax Income $566.0M $611.0M $396.0M
YoY Change -311.19% 25.98% -22.81%
Income Tax $158.0M $201.0M $166.0M
% Of Pretax Income 27.92% 32.9% 41.92%
Net Earnings $695.0M $497.0M $229.0M
YoY Change -809.18% 21.22% -43.46%
Net Earnings / Revenue 35.71% 26.45% 12.39%
Basic Earnings Per Share $1.04 $0.74 $0.35
Diluted Earnings Per Share $1.04 $0.74 $0.34
COMMON SHARES
Basic Shares Outstanding 665.1M shares 664.4M shares 653.1M shares
Diluted Shares Outstanding 666.4M shares 665.8M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.519B $1.188B $1.269B
YoY Change 37.84% -7.98% 78.48%
Cash & Equivalents $1.399B $994.0M $1.005B
Short-Term Investments $120.0M
Other Short-Term Assets $55.00M $43.00M $49.00M
YoY Change 48.65% -35.82% -22.22%
Inventory $381.0M $763.0M $651.0M
Prepaid Expenses $75.00M $117.0M $160.0M
Receivables $737.0M $911.0M $981.0M
Other Receivables $71.00M $139.0M $115.0M
Total Short-Term Assets $6.026B $5.760B $5.537B
YoY Change 16.94% 15.87% 15.96%
LONG-TERM ASSETS
Property, Plant & Equipment $28.17B $34.40B $34.43B
YoY Change -14.86% 8.89% 12.52%
Goodwill $3.667B $4.187B $4.301B
YoY Change -3.63% 3.38% 7.77%
Intangibles $668.0M $936.0M $952.0M
YoY Change -29.46% 0.43% 4.96%
Long-Term Investments $36.00M $39.00M
YoY Change -23.4% -17.02%
Other Assets $203.0M $343.0M $357.0M
YoY Change -43.14% -44.94% -41.76%
Total Long-Term Assets $14.41B $7.085B $7.275B
YoY Change 102.63% -6.51% -3.68%
TOTAL ASSETS
Total Short-Term Assets $6.026B $5.760B $5.537B
Total Long-Term Assets $14.41B $7.085B $7.275B
Total Assets $48.86B $48.19B $48.19B
YoY Change 5.63% 7.12% 10.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $995.0M $1.208B $1.178B
YoY Change -23.93% 11.96% 5.75%
Accrued Expenses $298.0M $354.0M $223.0M
YoY Change -8.31% 8.92% 13.2%
Deferred Revenue
YoY Change
Short-Term Debt $836.0M $1.099B $808.0M
YoY Change 19.26% 120.24% -33.0%
Long-Term Debt Due $1.000B $235.0M $304.0M
YoY Change 217.46% -68.71% -59.52%
Total Short-Term Liabilities $7.439B $5.412B $5.156B
YoY Change 51.45% 9.38% -6.96%
LONG-TERM LIABILITIES
Long-Term Debt $17.05B $20.52B $20.82B
YoY Change -17.18% 7.49% 10.3%
Other Long-Term Liabilities $525.0M $601.0M $628.0M
YoY Change -9.95% -9.62% -4.7%
Total Long-Term Liabilities $10.49B $8.281B $8.483B
YoY Change 26.49% -3.55% 1.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.439B $5.412B $5.156B
Total Long-Term Liabilities $10.49B $8.281B $8.483B
Total Liabilities $17.92B $13.69B $13.64B
YoY Change 35.78% 1.17% -2.0%
SHAREHOLDERS EQUITY
Retained Earnings $6.462B $6.017B $5.768B
YoY Change 13.19% -0.38% -1.62%
Common Stock $9.440B $9.395B $9.365B
YoY Change 13.43% 13.04% 30.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.63B $13.97B $13.74B
YoY Change
Total Liabilities & Shareholders Equity $48.61B $48.19B $48.19B
YoY Change 5.07% 7.12% 10.17%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2014 Q2
OPERATING ACTIVITIES
Net Income $695.0M $497.0M $229.0M
YoY Change -809.18% 21.22% -43.46%
Depreciation, Depletion And Amortization $249.0M $249.0M $125.0M
YoY Change -318.42% -26.76% -62.69%
Cash From Operating Activities $617.0M $1.115B $627.0M
YoY Change -23.64% -12.62% -10.81%
INVESTING ACTIVITIES
Capital Expenditures -$1.085B -$936.0M -$810.0M
YoY Change 18.71% -3.6% -16.41%
Acquisitions
YoY Change
Other Investing Activities $730.0M $65.00M -$110.0M
YoY Change -223.1% 282.35% -423.53%
Cash From Investing Activities -$355.0M -$871.0M -$920.0M
YoY Change -76.44% -8.7% -1.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 164.0M -252.0M 279.0M
YoY Change -75.34% -198.44% 213.48%
NET CHANGE
Cash From Operating Activities 617.0M 1.115B 627.0M
Cash From Investing Activities -355.0M -871.0M -920.0M
Cash From Financing Activities 164.0M -252.0M 279.0M
Net Change In Cash 426.0M -8.000M -14.00M
YoY Change -1352.94% -101.38% -90.21%
FREE CASH FLOW
Cash From Operating Activities $617.0M $1.115B $627.0M
Capital Expenditures -$1.085B -$936.0M -$810.0M
Free Cash Flow $1.702B $2.051B $1.437B
YoY Change -1.16% -8.72% -14.06%

Facts In Submission

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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Guarantees</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > </font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >(</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >All Registrants</font><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;' >)</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >Generally, the initial measurement of a guarantee liability is the fair value of the guarantee at its inception. However, there are certain guarantees excluded from the scope of accounting guidance and other guarantees that are not subject to the initial recognition and measurement provisions of accounting guidance</font><font style='font-family:Times New Roman;font-size:10pt;' > that only require d</font><font style='font-family:Times New Roman;font-size:10pt;' >i</font><font style='font-family:Times New Roman;font-size:10pt;' >sclosure</font><font style='font-family:Times New Roman;font-size:10pt;' >. See Note </font><font style='font-family:Times New Roman;font-size:10pt;' >13</font><font style='font-family:Times New Roman;font-size:10pt;' > for further discussion of recorded and unrecorded guarantees.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p></div>
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10000000 USD
CY2014 ppl Energy Purchases
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CY2014 dei Entity Voluntary Filers
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CY2012 us-gaap Utility Revenue
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CY2013 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2012 ppl Income From Continuing Operations After Tax Interest On Convertible Debt Net Of Tax
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Changes in Classification</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The classification of certain amounts in the </font><font style='font-family:Times New Roman;font-size:10pt;' >2013</font><font style='font-family:Times New Roman;font-size:10pt;' > and </font><font style='font-family:Times New Roman;font-size:10pt;' >2012</font><font style='font-family:Times New Roman;font-size:10pt;' > financial statements have been changed to conform to the current presentation. The changes in classification did not affect</font><font style='font-family:Times New Roman;font-size:10pt;' > the Registrants</font><font style='font-family:Times New Roman;font-size:10pt;' >&#39;</font><font style='font-family:Times New Roman;font-size:10pt;' > net income or equity.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p></div>
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CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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CY2013Q4 us-gaap Assets Current
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CY2014Q4 ppl Deferred Tax Liabilities Taxes Recoverable Through Future Rates
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CY2013 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2012 us-gaap Interest Paid Net
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CY2014 ppl Income Tax Reconciliation Foreign Intercompany Interest
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23592574036 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
6000000 USD
CY2014 us-gaap Profit Loss
ProfitLoss
1737000000 USD
CY2012 ppl Equity Investees Other Comprehensive Income Loss
EquityInvesteesOtherComprehensiveIncomeLoss
2000000 USD
CY2014 us-gaap Interest Paid Net
InterestPaidNet
959000000 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
6404000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-79000000 USD
CY2012 ppl Taxes Other Than Income State Gross Receipts Tax Expense Benefit
TaxesOtherThanIncomeStateGrossReceiptsTaxExpenseBenefit
135000000 USD
CY2012 ppl Net Change Unbilled Revenues
NetChangeUnbilledRevenues
19000000 USD
CY2012 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
9106000000 USD
CY2012 ppl Income From Continuing Operations After Tax Allocated To Participating Securities
IncomeFromContinuingOperationsAfterTaxAllocatedToParticipatingSecurities
8000000 USD
CY2014 ppl Foreign Tax Rate Reduction Approved Current Year For Future Year1
ForeignTaxRateReductionApprovedCurrentYearForFutureYear1
0.2 pure
CY2014 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
IncomeTaxReconciliationTaxContingenciesDomesticAndState
-1000000 USD
CY2013Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
923000000 USD
CY2014 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2014 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
0 USD
CY2012 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
424000000 USD
CY2012 ppl Loss On Lease Termination
LossOnLeaseTermination
0 USD
CY2014Q4 us-gaap Assets Noncurrent
AssetsNoncurrent
7123000000 USD
CY2014 us-gaap Operating Income Loss
OperatingIncomeLoss
3272000000 USD
CY2014Q4 us-gaap Assets
Assets
48864000000 USD
CY2014 ppl Regulatory Matters Long Term Infrastructure Improvement Plan Minimum Term
RegulatoryMattersLongTermInfrastructureImprovementPlanMinimumTerm
5
CY2014 ppl Income From Continuing Operations After Tax Interest On Convertible Debt Net Of Tax
IncomeFromContinuingOperationsAfterTaxInterestOnConvertibleDebtNetOfTax
9000000 USD
CY2014 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
30000000 USD
CY2012 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
547000000 USD
CY2013 ppl Sale Leaseback Transaction Loss Net Of Tax
SaleLeasebackTransactionLossNetOfTax
413000000 USD
CY2013 us-gaap Adjustment For Amortization
AdjustmentForAmortization
222000000 USD
CY2013 us-gaap Utilities Operating Expense Depreciation And Amortization
UtilitiesOperatingExpenseDepreciationAndAmortization
1142000000 USD
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
630321000 shares
CY2014Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
20000000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-275000000 USD
CY2013 us-gaap Other Cost Of Services
OtherCostOfServices
2779000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1009000000 USD
CY2014Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1535000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
16960000000 USD
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
74000000 USD
CY2014Q4 us-gaap Other Investments
OtherInvestments
35000000 USD
CY2014 us-gaap Interest Expense
InterestExpense
1024000000 USD
CY2014 us-gaap Utilities Operating Expense
UtilitiesOperatingExpense
8227000000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-19000000 USD
CY2012 ppl Income From Continuing Operations After Tax Issuance Costs Preferred Securities
IncomeFromContinuingOperationsAfterTaxIssuanceCostsPreferredSecurities
6000000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
71000000 USD
CY2012 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-7000000 USD
CY2014 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
144000000 USD
CY2014 ppl Electric Foreign Regulated Revenue
ElectricForeignRegulatedRevenue
2573000000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
37000000 USD
CY2014Q4 ppl Defined Benefits Difference Between Actual Value And Expected Plan Value Percentage
DefinedBenefitsDifferenceBetweenActualValueAndExpectedPlanValuePercentage
0.2 pure
CY2012 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
116000000 USD
CY2014 us-gaap Use Of Estimates
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Use of Estimates</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p></div>
CY2014 us-gaap Stock Issued During Period Shares Share Based Compensation
StockIssuedDuringPeriodSharesShareBasedCompensation
2985000 shares
CY2012Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
92000000 USD
CY2013 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
45000000 USD
CY2012 ppl Electric And Gas Domestic Regulated Revenue
ElectricAndGasDomesticRegulatedRevenue
4519000000 USD
CY2014 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
65000000 USD
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
8289000000 USD
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
839000000 USD
CY2012 us-gaap Interest Expense
InterestExpense
951000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
211000000 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
72000000 USD
CY2013Q4 us-gaap Costs In Excess Of Billings On Uncompleted Contracts Or Programs
CostsInExcessOfBillingsOnUncompletedContractsOrPrograms
14000000 USD
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1505000000 USD
CY2013 ppl Income From Continuing Operations After Tax Interest On Convertible Debt Net Of Tax
IncomeFromContinuingOperationsAfterTaxInterestOnConvertibleDebtNetOfTax
44000000 USD
CY2014Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
19000000 USD
CY2013Q4 ppl Deferred Tax Assets Contribution In Aid Of Construction
DeferredTaxAssetsContributionInAidOfConstruction
137000000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Derivatives
DeferredTaxLiabilitiesDerivatives
37000000 USD
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2014 ppl Minimum Adjusted Equity Ratio To Total Capitalization To Pay Dividends
MinimumAdjustedEquityRatioToTotalCapitalizationToPayDividends
0.3 pure
CY2013 us-gaap Pension Contributions
PensionContributions
563000000 USD
CY2014 us-gaap Gain Loss On Contract Termination
GainLossOnContractTermination
0 USD
CY2013Q4 ppl Price Risk Management Liabilities Current
PriceRiskManagementLiabilitiesCurrent
829000000 USD
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
663073000 shares
CY2013 ppl Dividends Dividend Equivalents Redemptions And Distributions
DividendsDividendEquivalentsRedemptionsAndDistributions
918000000 USD
CY2014 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
CY2013 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-53000000 USD
CY2012 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-15000000 USD
CY2013 ppl Impact From United States Tax Court Decision On United Kingdom Windfall Profit Tax
ImpactFromUnitedStatesTaxCourtDecisionOnUnitedKingdomWindfallProfitTax
-44000000 USD
CY2014 ppl Depreciation Not Normalized
DepreciationNotNormalized
-7000000 USD
CY2012 us-gaap Increase Decrease In Customer Deposits
IncreaseDecreaseInCustomerDeposits
-34000000 USD
CY2013 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.79
CY2013 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
747000000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
244000000 USD
CY2012 ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
-19000000 USD
CY2013 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
49000000 USD
CY2014 ppl Deferred Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
-14000000 USD
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.76
CY2012 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
374000000 USD
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
20391000000 USD
CY2013 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
165000000 USD
CY2013 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-49000000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
998000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1157000000 USD
CY2014 ppl Ratemaking Mechanisms Authorized For Approval
RatemakingMechanismsAuthorizedForApproval
2
CY2014 ppl Votes Per Share Of Common Stock
VotesPerShareOfCommonStock
1 pure
CY2012 ppl Income Tax Reconciliation Prior Year Income Taxes Change In Accounting Method
IncomeTaxReconciliationPriorYearIncomeTaxesChangeInAccountingMethod
-16000000 USD
CY2013Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
3071000000 USD
CY2012 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1000000000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
20592000000 USD
CY2012 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
16000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
331000000 USD
CY2013Q4 ppl Property Plant And Equipment Nuclear Fuel
PropertyPlantAndEquipmentNuclearFuel
591000000 USD
CY2014Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
171000000 USD
CY2012 us-gaap Other Preferred Stock Dividends And Adjustments
OtherPreferredStockDividendsAndAdjustments
6000000 USD
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35 pure
CY2014 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
9000000 USD
CY2012 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
IncomeTaxReconciliationRepatriationOfForeignEarnings
26000000 USD
CY2012 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2014 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
583000000 USD
CY2014 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2013Q4 us-gaap Other Assets Noncurrent
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357000000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
589000000 USD
CY2013 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
181000000 USD
CY2012 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
101000000 USD
CY2014 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
154000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
36000000 USD
CY2013 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-97000000 USD
CY2013 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
163000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
663000000 USD
CY2013 us-gaap Interest Paid Net
InterestPaidNet
916000000 USD
CY2014Q4 ppl Maximum Amount Assessed For Nuclear Incident
MaximumAmountAssessedForNuclearIncident
255000000 USD
CY2013Q4 ppl Deferred Tax Assets Deferred Investment Tax Credits
DeferredTaxAssetsDeferredInvestmentTaxCredits
137000000 USD
CY2014 us-gaap Net Income Loss
NetIncomeLoss
1737000000 USD
CY2014 ppl Defined Benefits Expected Average Remaining Service Of Plan Participants Percentage
DefinedBenefitsExpectedAverageRemainingServiceOfPlanParticipantsPercentage
0.5 pure
CY2012 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
23000000 USD
CY2013 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
9000000 USD
CY2014 ppl Foreign Operations Reporting Lag
ForeignOperationsReportingLag
1
CY2014 ppl Total Increase Decrease To Federal Income Tax On Income From Continuing Operations At Statuatory Tax Rate
TotalIncreaseDecreaseToFederalIncomeTaxOnIncomeFromContinuingOperationsAtStatuatoryTaxRate
-46000000 USD
CY2014 ppl Taxes Other Than Income State Gross Receipts Tax Expense Benefit
TaxesOtherThanIncomeStateGrossReceiptsTaxExpenseBenefit
147000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-709000000 USD
CY2014Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
2975000000 USD
CY2013 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1411000000 USD
CY2013 ppl Electric Foreign Regulated Revenue
ElectricForeignRegulatedRevenue
2359000000 USD
CY2013 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
44000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
4453000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
25000000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
7443000000 USD
CY2013 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
8000000 USD
CY2013 ppl Income From Continuing Operations After Tax Allocated To Participating Securities
IncomeFromContinuingOperationsAfterTaxAllocatedToParticipatingSecurities
6000000 USD
CY2013 ppl Purchase Contracts
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52568000 shares
CY2013 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
46000000 USD
CY2014 us-gaap Other Cost Of Services
OtherCostOfServices
2803000000 USD
CY2013 us-gaap Net Income Loss
NetIncomeLoss
1130000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-111000000 USD
CY2013 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-91000000 USD
CY2012 us-gaap Fuel Costs
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1837000000 USD
CY2014 ppl Deferred Federal Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredFederalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
8000000 USD
CY2012 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
13000000 USD
CY2013 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2013 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1168000000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
48864000000 USD
CY2014 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
55000000 USD
CY2012 ppl Electric Foreign Regulated Revenue
ElectricForeignRegulatedRevenue
2289000000 USD
CY2012 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
154000000 USD
CY2014 ppl Depreciation Reduction In Future Period
DepreciationReductionInFuturePeriod
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CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
947000000 USD
CY2014 ppl Greenhouse Gas Emissions Reduction In Emissions Below2005 Levels Percentage
GreenhouseGasEmissionsReductionInEmissionsBelow2005LevelsPercentage
0.17 pure
CY2014 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
1207000000 USD
CY2013 ppl Tax Expense Benefits From Stock Options Exercised Offset Additional Paid In Capital
TaxExpenseBenefitsFromStockOptionsExercisedOffsetAdditionalPaidInCapital
-2000000 USD
CY2013 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
111000000 USD
CY2012 ppl Foreign Tax Rate Reduction Approved Current Year For Same Year
ForeignTaxRateReductionApprovedCurrentYearForSameYear
0.24 pure
CY2013 ppl Taxes Other Than Income Domestic Property And Other
TaxesOtherThanIncomeDomesticPropertyAndOther
69000000 USD
CY2014Q4 ppl Fair Value Adjustments From Purchase Accounting
FairValueAdjustmentsFromPurchaseAccounting
18000000 USD
CY2014Q4 ppl Property Plant And Equipment Nuclear Fuel
PropertyPlantAndEquipmentNuclearFuel
624000000 USD
CY2014Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
DeferredTaxLiabilitiesRegulatoryAssets
322000000 USD
CY2014 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
248000000 USD
CY2012 ppl Taxes Other Than Income Foreign Property Tax Expense Benefit
TaxesOtherThanIncomeForeignPropertyTaxExpenseBenefit
147000000 USD
CY2013 ppl Deferred State And Local Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredStateAndLocalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
-18000000 USD
CY2014 ppl Deferred State And Local Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredStateAndLocalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
-22000000 USD
CY2013 us-gaap Operating Income Loss
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2278000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions
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298000000 USD
CY2012 ppl Unrealized Gains Losses On Derivatives And Other Hedging Activities
UnrealizedGainsLossesOnDerivativesAndOtherHedgingActivities
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CY2013 ppl Income Tax Reconciliation Foreign Intercompany Interest
IncomeTaxReconciliationForeignIntercompanyInterest
-10000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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34000000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
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-965000000 USD
CY2013 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
67000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
154000000 USD
CY2014Q4 us-gaap Regulatory Assets Current
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37000000 USD
CY2013 us-gaap Proceeds From Issuance Of Long Term Debt
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2038000000 USD
CY2014 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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CY2012 us-gaap Increase Decrease In Accounts Payable Trade
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CY2013 ppl Income Tax Reconciliation Tax Contingencies Domestic And State
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-43000000 USD
CY2014Q4 ppl Accrued Interest Related To Open Tax Positions
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14000000 USD
CY2012 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
833000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.41
CY2012 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
121000000 USD
CY2012 ppl Foreign Tax Rate In Effect Prior To Reduction
ForeignTaxRateInEffectPriorToReduction
0.25 pure
CY2014 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
80000000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
4225000000 USD
CY2014Q4 ppl Common Stock Dividends Per Share Declared As Per Annum Equivalent
CommonStockDividendsPerShareDeclaredAsPerAnnumEquivalent
1.49
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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3000000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
78000000 USD
CY2013 ppl Depreciation Not Normalized
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CY2014Q4 us-gaap Dividends Payable Date Declared Month And Year
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2014-11
CY2012 ppl Incremental Common Shares Attributable To Equity Forward Sale Agreements And Purchase Contracts
IncrementalCommonSharesAttributableToEquityForwardSaleAgreementsAndPurchaseContracts
787000 shares
CY2014 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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1583000000 USD
CY2012 us-gaap Earnings Per Share Diluted
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2.6
CY2012 us-gaap Regulated And Unregulated Operating Revenue
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12132000000 USD
CY2014 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.38
CY2013Q4 us-gaap Public Utilities Property Plant And Equipment Net
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22882000000 USD
CY2012 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
682000000 USD
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies
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19000000 USD
CY2012 ppl Income Tax Reconciliation Foreign Intercompany Interest
IncomeTaxReconciliationForeignIntercompanyInterest
-9000000 USD
CY2014 us-gaap Increase Decrease In Other Operating Capital Net
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-80000000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
6462000000 USD
CY2013Q4 ppl Foreign Deferred Tax Assets Regulatory Assets And Liabilities
ForeignDeferredTaxAssetsRegulatoryAssetsAndLiabilities
26000000 USD
CY2013Q4 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
702000000 USD
CY2013 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-2000000 USD
CY2014 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
CY2014 ppl Regulatory Matters Long Term Infrastructure Improvement Plan Maximum Term
RegulatoryMattersLongTermInfrastructureImprovementPlanMaximumTerm
10
CY2013 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
95000000 USD
CY2013 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
138000000 USD
CY2014 ppl Taxes Other Than Income Domestic Property And Other
TaxesOtherThanIncomeDomesticPropertyAndOther
70000000 USD
CY2013 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-43000000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1202000000 USD
CY2014Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
925000000 USD
CY2014 ppl Regulatory Matters Number Of Issues Assigned To Office Of Administrative Law Judge
RegulatoryMattersNumberOfIssuesAssignedToOfficeOfAdministrativeLawJudge
4
CY2013 ppl Investment Tax Credit Federal
InvestmentTaxCreditFederal
8000000 USD
CY2012 ppl Votes Per Share Of Common Stock
VotesPerShareOfCommonStock
1 pure
CY2014Q4 us-gaap Derivative Instruments And Hedges Noncurrent
DerivativeInstrumentsAndHedgesNoncurrent
319000000 USD
CY2012 ppl Interest Related To Open Tax Positions In Income Tax Expense
InterestRelatedToOpenTaxPositionsInIncomeTaxExpense
-4000000 USD
CY2012 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2014 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2014 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
827000000 USD
CY2012 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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563000 shares
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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446000000 USD
CY2014Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
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CY2013Q4 us-gaap Short Term Borrowings
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CY2012 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2013Q4 ppl Deferred Tax Liabilities Taxes Recoverable Through Future Rates
DeferredTaxLiabilitiesTaxesRecoverableThroughFutureRates
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CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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1059000000 USD
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
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0.33 pure
CY2014 ppl Number Of Major Tax Jurisdictions
NumberOfMajorTaxJurisdictions
5
CY2014Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change Lower Bound
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20000000 USD
CY2014Q4 ppl Undistributed Foreign Earnings Reinvested
UndistributedForeignEarningsReinvested
3700000000 USD
CY2013Q4 ppl Fair Value Adjustments From Purchase Accounting
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23000000 USD
CY2014 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
43000000 USD
CY2013 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
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CY2012 us-gaap Net Income Loss Available To Common Stockholders Diluted
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1512000000 USD
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.35 pure
CY2013 us-gaap Common Stock Dividends Per Share Declared
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1.47
CY2012 ppl Income From Continuing Operations After Tax Available To Shareholders
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CY2014 us-gaap Pension And Other Postretirement Benefit Expense
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90000000 USD
CY2014Q4 us-gaap Asset Retirement Obligations Noncurrent
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CY2014 ppl Number Companies Cited Greenhouse Gas Case
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87
CY2014Q4 ppl Concentration Risk Credit Risk Fin Instrument Maximum Exposure
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708000000 USD
CY2014Q4 us-gaap Amount Of Restricted Net Assets For Consolidated And Unconsolidated Subsidiaries
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2400000000 USD
CY2012 us-gaap Proceeds From Sale Of Available For Sale Securities
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139000000 USD
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CY2012 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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703000000 USD
CY2014 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.23
CY2014Q4 ppl Number Of Fully Owned Hydroelectric Facilities Sold
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11 pure
CY2014 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2012 us-gaap Income Tax Reconciliation Tax Credits
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CY2014 us-gaap Deferred State And Local Income Tax Expense Benefit
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48000000 USD
CY2013Q4 us-gaap Long Term Debt Current
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CY2014 ppl Electric And Gas Domestic Regulated Revenue
ElectricAndGasDomesticRegulatedRevenue
5209000000 USD
CY2014 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
41000000 USD
CY2014 ppl Taxes Other Than Income Foreign Property Tax Expense Benefit
TaxesOtherThanIncomeForeignPropertyTaxExpenseBenefit
157000000 USD
CY2014 ppl Number Phases Investigation Retail Electricity Market
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2
CY2013Q4 us-gaap Regulatory Assets Current
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33000000 USD
CY2014 ppl Number Electric Utilities Ordered To Enter Into Long Term Contracts
NumberElectricUtilitiesOrderedToEnterIntoLongTermContracts
3
CY2014Q4 ppl Property Plant And Equipment Generation Or Processing
PropertyPlantAndEquipmentGenerationOrProcessing
11310000000 USD
CY2012 ppl Taxes Other Than Income Domestic Property And Other
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70000000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
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583000000 USD
CY2014Q4 ppl Amount Of Unrestricted Net Assets For Consolidated And Unconsolidated Subsidiaries Dividend Payment
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2900000000 USD
CY2014 ppl Environmental Matters Administrative Order On Consent Period To Provide Assurance
EnvironmentalMattersAdministrativeOrderOnConsentPeriodToProvideAssurance
5
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
467000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
135000000 USD
CY2012 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
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CY2014Q4 ppl Maximum Amount For Public Liability Claims For Nuclear Incident
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13600000000 USD
CY2013 ppl Interest Related To Open Tax Positions In Income Tax Expense
InterestRelatedToOpenTaxPositionsInIncomeTaxExpense
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CY2013 ppl Valuation Rollforward Specific Transaction Deductions
ValuationRollforwardSpecificTransactionDeductions
67000000 USD
CY2014Q4 ppl Percentage Of Counterparties In Top Ten With Investment Grade Rating
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0.95 pure
CY2013 us-gaap Income Tax Reconciliation Prior Year Income Taxes
IncomeTaxReconciliationPriorYearIncomeTaxes
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CY2014Q4 us-gaap Public Utilities Inventory
PublicUtilitiesInventory
836000000 USD
CY2014 ppl Interest Related To Open Tax Positions In Income Tax Expense
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1000000 USD
CY2014Q4 us-gaap Inventory Net
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836000000 USD
CY2013 us-gaap Increase Decrease In Restricted Cash
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20000000 USD
CY2014 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
PaymentsToAcquireBusinessThreeNetOfCashAcquired
0 USD
CY2013 ppl Income Tax Interest Impact From United States Tax Court Decision On United Kingdom Windfall Profit Tax
IncomeTaxInterestImpactFromUnitedStatesTaxCourtDecisionOnUnitedKingdomWindfallProfitTax
19000000 USD
CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.05
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
923000000 USD
CY2013 us-gaap Interest Income Other
InterestIncomeOther
3000000 USD
CY2013Q4 us-gaap Billings In Excess Of Cost
BillingsInExcessOfCost
75000000 USD
CY2012 us-gaap Multiemployer Plans Plan Contributions
MultiemployerPlansPlanContributions
59000000 USD
CY2014Q4 ppl Maximum Amount Payable Per Year Assessed For Nuclear Incident
MaximumAmountPayablePerYearAssessedForNuclearIncident
38000000 USD
CY2014 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2014Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
CY2014 ppl Tax Expense Benefits From Stock Options Exercised Offset Additional Paid In Capital
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-4000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
8000000 USD
CY2014 us-gaap Other Nonoperating Expense
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CY2012 ppl Earnings On Nuclear Decommissioning Trust Funds
EarningsOnNuclearDecommissioningTrustFunds
22000000 USD
CY2014 ppl Income From Continuing Operations After Tax Available To Shareholders Diluted
IncomeFromContinuingOperationsAfterTaxAvailableToShareholdersDiluted
1584000000 USD
CY2014 ppl Number Phases Cross State Air Pollution Rule Be Implemented
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2
CY2013Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2014 ppl Period Of Time To Pump And Treat Ground Water At Two Mine Sites
PeriodOfTimeToPumpAndTreatGroundWaterAtTwoMineSites
50
CY2014Q4 ppl Maximum Aggregate Coverage Bodily Injury And Property Damage
MaximumAggregateCoverageBodilyInjuryAndPropertyDamage
225000000 USD
CY2014Q4 ppl Percentage Exposure To Top Ten Counterparties
PercentageExposureToTopTenCounterparties
0.44 pure
CY2013Q4 ppl Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions Foreign
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsForeign
202000000 USD
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246000000 USD
CY2012 us-gaap Interest Costs Capitalized
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53000000 USD
CY2013 ppl Energy Purchases
EnergyPurchases
1967000000 USD
CY2013Q4 ppl Price Risk Management Liabilities
PriceRiskManagementLiabilities
415000000 USD
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CY2013 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
6000000 USD
CY2013 us-gaap Gain Loss On Contract Termination
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CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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298000000 USD
CY2013Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
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CY2014 ppl Maximum Per Day Penalty Federal Energy Regulatory Commission May Assess Under Reliability Standards
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1000000 USD
CY2013 us-gaap Multiemployer Plans Plan Contributions
MultiemployerPlansPlanContributions
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CY2013 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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0.06
CY2014 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
34000000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
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99000000 USD
CY2014 ppl Maximum Maturity Date Of Economic Activity Instruments
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2019
CY2012 ppl Charitable Contributions
CharitableContributions
10000000 USD
CY2014 ppl Capacity Of Facilities In Disposal Group Mega Watt
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633 MW
CY2013 ppl Income Tax Reconciliation State Deferred Tax Change
IncomeTaxReconciliationStateDeferredTaxChange
15000000 USD
CY2013 ppl Votes Per Share Of Common Stock
VotesPerShareOfCommonStock
1 pure
CY2013 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
441000000 USD
CY2012 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2014Q2 us-gaap Earnings Per Share Basic
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0.35
CY2014Q4 us-gaap Earnings Per Share Diluted
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1.04
CY2013 us-gaap Asset Retirement Obligation Foreign Currency Translation
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1000000 USD
CY2013Q4 ppl Deferred Tax Liabilities Reacquired Debt Costs
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34000000 USD
CY2014 ppl Number Pounds Per Ton Carbon Dioxide Emissions
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2000
CY2014Q4 us-gaap Unrecognized Tax Benefits
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20000000 USD
CY2013 ppl Charitable Contributions
CharitableContributions
25000000 USD
CY2014 ppl Percentage Of Interest By North Western In Colstrip Unit4
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0.3 pure
CY2014 us-gaap Interest Income Other
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5000000 USD
CY2013Q4 ppl Deferred Tax Liabilities Property Plant And Equipment Foreign
DeferredTaxLiabilitiesPropertyPlantAndEquipmentForeign
859000000 USD
CY2014Q4 ppl Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Pensions Foreign
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsPensionsForeign
182000000 USD
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies Discount Rate
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0.0841 pure
CY2012 us-gaap Other Nonoperating Income
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CY2014Q4 ppl Maximum Amount Of Insured Property Damages Losses Coverage Nuclear Plant
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2000000000 USD
CY2014Q4 us-gaap Derivative Assets
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CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
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CY2014Q4 us-gaap Loss Contingency Accrual At Carrying Value
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CY2014 ppl Number Of Indirect Subsidiaries Cited Greenhouse Gas Case
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3
CY2013Q4 us-gaap Operating Income Loss
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21000000 USD
CY2013 us-gaap Other Nonoperating Income
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CY2014 ppl Maximum Depreciable Life For New Smart Meter Technology In New Construction
MaximumDepreciableLifeForNewSmartMeterTechnologyInNewConstruction
15
CY2013Q4 us-gaap Tax Credit Carryforward Deferred Tax Asset
TaxCreditCarryforwardDeferredTaxAsset
332000000 USD
CY2012 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
40000000 USD
CY2014 ppl Increase Decrease In Unrecognized Tax Positions
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0 USD
CY2013Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22000000 USD
CY2013 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
6000000 USD
CY2014 ppl Charitable Contributions
CharitableContributions
30000000 USD
CY2013 ppl Incremental Common Shares Attributable To Equity Forward Sale Agreements And Purchase Contracts
IncrementalCommonSharesAttributableToEquityForwardSaleAgreementsAndPurchaseContracts
460000 shares
CY2012 us-gaap Payments To Acquire Business Three Net Of Cash Acquired
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84000000 USD
CY2014Q2 ppl Highest Price Per Share Of Stock Sold During Quarter
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CY2014 us-gaap Asset Retirement Obligation Foreign Currency Translation
AssetRetirementObligationForeignCurrencyTranslation
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CY2014 ppl Agreed Upon Sales Price For Disposal Of Business Plant Facility Or Unit
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900000000 USD
CY2014Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
761000000 USD
CY2014 ppl Capacity Of Natural Gas Fired Combined Cycle Generating Facility
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661 MW
CY2012 ppl Deferred State And Local Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredStateAndLocalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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608983000 shares
CY2013 us-gaap Net Cash Provided By Used In Financing Activities
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1631000000 USD
CY2014 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2012 us-gaap Increase Decrease In Restricted Cash
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CY2012 ppl Purchase Contracts
PurchaseContracts
0 shares
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CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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DerivativeFairValueOfDerivativeLiability
1378000000 USD
CY2014 us-gaap Asset Retirement Obligation Liabilities Incurred
AssetRetirementObligationLiabilitiesIncurred
14000000 USD
CY2014 us-gaap Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity
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11000000 USD
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.5
CY2012 us-gaap Available For Sale Securities Gross Realized Losses
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21000000 USD
CY2014 ppl Minimum Duration Of Long Term Procurement Contracts
MinimumDurationOfLongTermProcurementContracts
4
CY2014 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1910000 shares
CY2014 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
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CY2014 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.61
CY2013 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4212000000 USD
CY2013 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
32000000 USD
CY2014 ppl Earnings On Nuclear Decommissioning Trust Funds
EarningsOnNuclearDecommissioningTrustFunds
28000000 USD
CY2014Q4 us-gaap Derivative Liabilities
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CY2013 us-gaap Gain Loss From Price Risk Management Activity
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CY2014Q2 us-gaap Profit Loss
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229000000 USD
CY2013Q1 us-gaap Net Income Loss
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413000000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
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73000000 USD
CY2014Q3 us-gaap Net Income Loss
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497000000 USD
CY2012 ppl Segment Reporting Information Deferred Income Taxes And Investment Tax Credits
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417000000 USD
CY2014 us-gaap Asset Retirement Obligation Revision Of Estimate
AssetRetirementObligationRevisionOfEstimate
9000000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2013 ppl Proportionate Share By Each Party Of Operating And Construction Costs Regarding Colstrip Unit3 Or4
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0.15 pure
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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151000000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
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CY2012 ppl Proceeds From Sale Of Other Investment
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CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
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CY2014Q4 ppl Cash Collateral Posted Under Master Netting Arrangements
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21000000 USD
CY2014Q4 us-gaap Net Income Loss
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CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
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180000000 USD
CY2013 ppl Earnings On Nuclear Decommissioning Trust Funds
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23000000 USD
CY2013 ppl Loss Contingency Settlement Value
LossContingencySettlementValue
75000 USD
CY2014 ppl Statutory Period After Order For Compliance With Maximum Achievable Control Technology Standards
StatutoryPeriodAfterOrderForComplianceWithMaximumAchievableControlTechnologyStandards
3
CY2012 us-gaap Interest Income Other
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CY2012 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
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CY2014 ppl Competitive Solicitations Shortest Term Of Products
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3
CY2013 ppl Other Nonoperating Expense Miscellaneous
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14000000 USD
CY2014Q4 ppl Cash Collateral Obligation Under Master Netting Arrangement
CashCollateralObligationUnderMasterNettingArrangement
11000000 USD
CY2014Q4 us-gaap Regulated And Unregulated Operating Revenue
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4023000000 USD
CY2014Q4 us-gaap Dividend Payable Date To Be Paid Day Month And Year
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2015-01-02
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8000000 USD
CY2014Q4 ppl Baseload Generation Fleet Generating Capacity
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CY2013 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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24000000 USD
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1062000 shares
CY2013Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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21000000 USD
CY2014 ppl Proceeds From Sale Of Other Investment
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9000000 USD
CY2013Q1 us-gaap Operating Income Loss
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679000000 USD
CY2014 ppl Number Of Approaches Proposed By Environmental Protection Agency To Regulate Coal Combustion Residuals June2010
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2
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.5
CY2013Q4 us-gaap Common Stock Dividends Per Share Declared
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0.3675
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29.4
CY2012 us-gaap Repayments Of Long Term Debt
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CY2012 us-gaap Income Tax Reconciliation State And Local Income Taxes
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25000000 USD
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CY2013Q1 us-gaap Regulated And Unregulated Operating Revenue
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62000000
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CY2014Q4 us-gaap Available For Sale Securities Debt Securities
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CY2013Q4 us-gaap Derivative Collateral Obligation To Return Cash
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7000000 USD
CY2013Q4 us-gaap Asset Retirement Obligation
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705000000 USD
CY2014Q4 us-gaap Accrual For Environmental Loss Contingencies Undiscounted Due After Fifth Year
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93000000 USD
CY2014Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
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144000000 USD
CY2013Q4 us-gaap Debt Instrument Carrying Amount
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CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
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CY2013Q2 us-gaap Profit Loss
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405000000 USD
CY2013Q3 us-gaap Common Stock Dividends Per Share Declared
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0.3675
CY2014 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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1000000 USD
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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20000000 USD
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0.49
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
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CY2014 us-gaap Share Based Compensation
ShareBasedCompensation
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CY2013 ppl Forward Sale Agreements Cash Settlement
ForwardSaleAgreementsCashSettlement
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CY2014 us-gaap Multiemployer Plans Plan Contributions
MultiemployerPlansPlanContributions
73000000 USD
CY2014 ppl Statutory Period After Order For Extension With Maximum Achievable Control Technology Standards
StatutoryPeriodAfterOrderForExtensionWithMaximumAchievableControlTechnologyStandards
1
CY2012 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2014Q3 ppl Highest Price Per Share Of Stock Sold During Quarter
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35.52
CY2012 us-gaap Available For Sale Securities Gross Realized Gains
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29000000 USD
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AvailableForSaleSecuritiesGrossRealizedLosses
7000000 USD
CY2013Q3 ppl Highest Price Per Share Of Stock Sold During Quarter
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32.09
CY2014Q4 us-gaap Property Plant And Equipment Other
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885000000 USD
CY2013 ppl Deferred Federal Income Tax Expense Benefit Related To Operating Loss Carryforwards
DeferredFederalIncomeTaxExpenseBenefitRelatedToOperatingLossCarryforwards
36000000 USD
CY2013Q4 us-gaap Net Income Loss
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34000000 USD
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32.32
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3
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10000000 USD
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For 2014, 2013 and 2012, hedge ineffectiveness associated with energy derivatives was insignificant.
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190000000 USD
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5
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0.24 pure
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10000000 USD
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490000000 USD
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4
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40
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39
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CY2014 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;font-weight:bold;margin-left:0pt;' >22</font><font style='font-family:Arial;font-size:10pt;font-weight:bold;' >. </font><font style='font-family:Arial;font-size:10pt;font-weight:bold;color:#000000;' > New Accounting Guidance Pending Adoption </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;font-style:italic;margin-left:0pt;' >(All Registrants)</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Reporting of Discontinued Operations</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April 2014, the Financial Accounting Standards Board (FASB) issued accounting guidance that changes the criteria for determining what should </font><font style='font-family:Times New Roman;font-size:10pt;' >be classified as a discontinued operation and also changes the related presentation and disclosure requirements. A discontinued operation may include a component of an entity or a group of components of an entity, or a business activity.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >A disposal of a </font><font style='font-family:Times New Roman;font-size:10pt;' >component of an entity or a group of components of an entity is required to be reported in discontinued operations if the disposal represents a strategic shift that has (or will have) a major effect on the entity&#39;s operations and financial results when any</font><font style='font-family:Times New Roman;font-size:10pt;' > of the following occurs: (1) The components of an entity or group of components of an entity meets the criteria to be classified as held for sale, (2) The component of an entity or group of components of an entity is disposed of by sale, or (3) The compon</font><font style='font-family:Times New Roman;font-size:10pt;' >ent of an entity or group of components of an entity is disposed of other than by sale (for example, by abandonment or in a distribution to owners in a spinoff).</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For public business entities, this guidance should be applied prospectively to all disposals </font><font style='font-family:Times New Roman;font-size:10pt;' >(or classifications as held for sale) of components of an entity that occur within the annual periods beginning on or after December 15, 2014, and interim periods within those years. Early adoption is permitted.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Registrants</font><font style='font-family:Times New Roman;font-size:10pt;' > adopted</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' >this guidance e</font><font style='font-family:Times New Roman;font-size:10pt;' >ffective January 1, 2015. The new guidance will impact the amounts presented as discontinued operations on the Statements of Income and will enhance the related disclosure requirements.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Accounting for Revenue from Contracts with Customers</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May 2014, t</font><font style='font-family:Times New Roman;font-size:10pt;' >he FASB issued accounting guidance that establishes a comprehensive new model for the recognition of revenue from contracts with customers. This model is based on the core principle that revenue should be recognized to depict the transfer of promised good</font><font style='font-family:Times New Roman;font-size:10pt;' >s or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For public business entities, this guidance can be applied using either a full retrospective or mod</font><font style='font-family:Times New Roman;font-size:10pt;' >ified retrospective transition method, beginning in annual reporting periods beginning after December 15, 2016 and interim periods within those years. Early adoption is not permitted. The Registrants will adopt this guidance effective January 1, 2017.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >he Registrants are currently assessing the impact of adopting this guidance, as well as the transition method they will use. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Reporting Uncertainties about an Entity&#8217;s Ability to Continue as a Going Concern</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In August 2014, the FASB issued accounting guidance which will require management to assess, for each interim and annual period, whether there are conditions or events that raise substantial doubt about an entity&#8217;s ability to continue as a going concern. </font><font style='font-family:Times New Roman;font-size:10pt;' >Substantial doubt about an entity&#8217;s ability to continue as a going concern exists when relevant conditions and events, considered in the aggregate, indicate that it is probable that the entity will be unable to meet its obligations as they become due withi</font><font style='font-family:Times New Roman;font-size:10pt;' >n one year after the date the financial statements are issued. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >When management identifies conditions or events that raise substantial doubt about an entity&#8217;s ability to continue as a going concern, management is required to disclose information that ena</font><font style='font-family:Times New Roman;font-size:10pt;' >bles users of the financial statements to understand the principal conditions or events that raised substantial doubt about the entity&#8217;s ability to continue as a going concern and management&#8217;s evaluation of the significance of those conditions or events. </font><font style='font-family:Times New Roman;font-size:10pt;' >If substantial doubt about the entity&#8217;s ability to continue as a going concern has been alleviated as a result of management&#8217;s plan, the entity should disclose information that allows the users of the financial statements to understand those plans. If the</font><font style='font-family:Times New Roman;font-size:10pt;' > substantial doubt about the entity&#8217;s ability to continue as a going concern is not alleviated by management&#8217;s plans, management&#8217;s plans to mitigate the conditions or events that gave rise to the substantial doubt about the entity&#8217;s ability to continue as </font><font style='font-family:Times New Roman;font-size:10pt;' >a going concern should be disclosed, as well as a statement that there is substantial doubt the entity&#8217;s ability to continue as a going concern within one year after the date the financial statements are issued. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For all entities, this guidance should be</font><font style='font-family:Times New Roman;font-size:10pt;' > applied prospectively within the annual periods ending after December 15, 2016, and for annual periods and interim periods thereafter. Early adoption is permitted.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Registrants will adopt this guidance for the annual period ending December 31, 2016. </font><font style='font-family:Times New Roman;font-size:10pt;' > The adoption of this guidance is not expected to have a significant impact on the Registrants. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In November 2014, the</font><font style='font-family:Times New Roman;font-size:10pt;' > FASB issued guidance that clarifies how current accounting guidance should be interpreted when evaluating the economic characteristics and risks of a host contract of a hybrid financial instrument issued in the form of a share. This guidance does not cha</font><font style='font-family:Times New Roman;font-size:10pt;' >nge the current criteria for determining whether separation of an embedded derivative feature from a hybrid financial instrument is required. Entities are still required to evaluate whether the economic risks of the embedded derivative feature are clearly</font><font style='font-family:Times New Roman;font-size:10pt;' > and closely related to those of the host contract, among other relevant criteria.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >An entity should consider the substantive terms and features of the entire hybrid financial instrument, including the embedded derivative feature being evaluated for bifurc</font><font style='font-family:Times New Roman;font-size:10pt;' >ation, in evaluating the nature of the host contract to determine whether the host contract is more akin to a debt instrument or more akin to an equity instrument. An entity should assess the relative strength of the debt-like and equity-like terms and fe</font><font style='font-family:Times New Roman;font-size:10pt;' >atures when determining how to weight those terms and features. </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For public business entities, this guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 and should be applied using a </font><font style='font-family:Times New Roman;font-size:10pt;' >modified retrospective method for existing hybrid financial instruments issued in the form of a share as of the beginning of the fiscal year the guidance is adopted. Early adoption is permitted. Retrospective application is permitted but not required.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >T</font><font style='font-family:Times New Roman;font-size:10pt;' >he Registrants will adopt this guidance on January 1, 2016. The Registrants are currently assessing this guidance, which is not expected to have a significant impact on the Registrants.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Arial;font-size:10pt;text-decoration:underline;margin-left:0pt;' >Income Statement Presentation of Extraordinary and Unusual Items</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >I</font><font style='font-family:Times New Roman;font-size:10pt;' >n January 2015, the FASB issued accounting guidance that eliminates the concept of extraordinary items, which requires an entity to separately classify, present in the income statement and disclose material events and transactions that are both unusual and</font><font style='font-family:Times New Roman;font-size:10pt;' > occur infrequently. The requirement to report material events or transactions that are unusual or infrequent as a separate component of income from continuing operations has been retained, as has the requirement to separately present the nature and finan</font><font style='font-family:Times New Roman;font-size:10pt;' >cial effects of each event or transaction in the income statement as a separate component of continuing operations or disclose them within the notes to the financial statements. The scope of these requirements has been expanded to include items that are b</font><font style='font-family:Times New Roman;font-size:10pt;' >oth unusual and occur infrequently.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >For all entities, this guidance is effective for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted provided that an entity applies the guidance f</font><font style='font-family:Times New Roman;font-size:10pt;' >rom the beginning of the fiscal year of adoption. The guidance may be applied either retrospectively or prospectively.</font></p><p style='text-align:left;line-height:12pt;' ></p><p style='text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:12pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >The Registrants will adopt this guidance on January 1, 2016. The adoption of this guidance is not expected to have a significant impac</font><font style='font-family:Times New Roman;font-size:10pt;' >t on the Registrants.</font><font style='font-family:Times New Roman;font-size:10pt;' > </font><font style='font-family:Times New Roman;font-size:10pt;' > </font></p></div>
CY2014 ppl Loss Contigency Numbe Rof Plants Included In Second Complaint
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8
CY2013 ppl Tax Expense Benefits Excluded From Income Taxes From Continuing Operations Total
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166000000 USD
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EarningsPerShareDiluted
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CY2013 us-gaap Increase Decrease In Inventories
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CY2014 us-gaap Payments To Acquire Other Investments
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120000000 USD
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CY2013Q3 us-gaap Earnings Per Share Basic
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CY2012Q4 us-gaap Goodwill
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324000000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities Amortized Cost
AvailableForSaleSecuritiesDebtMaturitiesAmortizedCost
229000000 USD
CY2014 us-gaap Gain Loss From Price Risk Management Activity
GainLossFromPriceRiskManagementActivity
121000000 USD
CY2013Q1 ppl Lowest Price Per Share Of Stock Sold During Quarter
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28.64
CY2014 us-gaap Asset Retirement Obligation Accretion Expense
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CY2014Q2 us-gaap Net Income Loss
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CY2014 ppl Initial Time Period Required To Respond To Info Request
InitialTimePeriodRequiredToRespondToInfoRequest
3
CY2012 ppl Other Nonoperating Expense Miscellaneous
OtherNonoperatingExpenseMiscellaneous
19000000 USD
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.16
CY2014Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
38000000 USD
CY2013 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0 USD
CY2013 ppl Income Tax Reconciliation Income Tax Expense Due To Decrease In Projected Future Taxable Income
IncomeTaxReconciliationIncomeTaxExpenseDueToDecreaseInProjectedFutureTaxableIncome
23000000 USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.3725
CY2013Q4 us-gaap Derivative Liabilities
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247000000 USD
CY2012 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2012 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Benefit Plan Improvement Tax Effect
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0 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
35000000 USD
CY2013 ppl Foreign Tax Rate In Effect Prior To Reduction
ForeignTaxRateInEffectPriorToReduction
0.23 pure
CY2014Q1 ppl Highest Price Per Share Of Stock Sold During Quarter
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33.24
CY2014Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2013 ppl Long Term Purchase Commitment Modification Charges
LongTermPurchaseCommitmentModificationCharges
29000000 USD
CY2013Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
CY2013Q4 ppl Cash Collateral Posted Under Master Netting Arrangements
CashCollateralPostedUnderMasterNettingArrangements
22000000 USD
CY2013Q2 ppl Highest Price Per Share Of Stock Sold During Quarter
HighestPricePerShareOfStockSoldDuringQuarter
33.55
CY2014 ppl Cane Run Plant Number Of Plaintiffs Filed Suit
CaneRunPlantNumberOfPlaintiffsFiledSuit
6
CY2012 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
0 USD
CY2014 ppl Tax Expense Benefits Related To Issuance Costs Of Puchase Contracts Offset To Additional Paid In Capital
TaxExpenseBenefitsRelatedToIssuanceCostsOfPuchaseContractsOffsetToAdditionalPaidInCapital
0 USD
CY2014Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
4321000000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
3690000000 USD
CY2013 ppl Tax Expense Benefits Related To Issuance Costs Of Puchase Contracts Offset To Additional Paid In Capital
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-2000000 USD
CY2014Q4 ppl Lowest Price Per Share Of Stock Sold During Quarter
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32.09
CY2013 ppl Income From Continuing Operations After Tax Available To Shareholders Diluted
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1134000000 USD
CY2014 us-gaap Increase Decrease In Accounts Payable Trade
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CY2013 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
86000000 USD
CY2014 ppl Price Risk Cash Flow Hedge Gain Loss Reclassified To Earnings Net Text
PriceRiskCashFlowHedgeGainLossReclassifiedToEarningsNetText
For 2014 and 2013, there were no reclassifications, while in 2012, such reclassifications were insignificant.
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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0.61
CY2012 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
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-32000000 USD
CY2014 ppl Competitive Solicitations Recurring Term Of Spot Market Product
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12 pure
CY2013 ppl Income Tax Reconciliation Income Tax Expense Due To Increased Taxable Dividends
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25000000 USD
CY2014 ppl Renewable Energy Legislation New Jersey Energy Portfolio Proposed Standard
RenewableEnergyLegislationNewJerseyEnergyPortfolioProposedStandard
0.3 pure
CY2013 us-gaap Loss Contingency Damages Sought Value
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23000000 USD
CY2014 ppl Maximum Recoverable Cost
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250000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
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0.82
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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-80000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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-1000000 USD
CY2014 ppl Number Of Claims Remaining Against Company For Spot Market Bilateral Sales
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1
CY2014 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-39000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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-23000000 USD
CY2014Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
5902000000 USD
CY2014 ppl Distribution Made To Limited Liability Company Llc Member Cash Distributions Maximum
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191000000 USD
CY2014 us-gaap Stock Issued During Period Value New Issues
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1090000000 USD
CY2013Q4 us-gaap Noncurrent Assets
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34022000000 USD
CY2013Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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390000000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
723000000 USD
CY2014Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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218000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Derivative Instruments
DeferredTaxAssetsDerivativeInstruments
0 USD
CY2014Q4 us-gaap Debt Instrument Carrying Amount
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20426000000 USD
CY2013Q4 ppl Highest Price Per Share Of Stock Sold During Quarter
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31.79
CY2014 dei Document Period End Date
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2014-12-31
CY2012 us-gaap Loss Contingency Accrual Provision
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-90000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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29000000 USD
CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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2857000000 USD
CY2013Q2 us-gaap Common Stock Dividends Per Share Declared
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0.3675
CY2013 ppl Tax Benefit Related To Stranded Cost Securitization
TaxBenefitRelatedToStrandedCostSecuritization
-7000000 USD
CY2013Q4 ppl Cash Collateral Obligation Under Master Netting Arrangement
CashCollateralObligationUnderMasterNettingArrangement
9000000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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-1940000000 USD
CY2014Q4 ppl Highest Price Per Share Of Stock Sold During Quarter
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38.14
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
697000000 USD
CY2014Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
551000000 USD
CY2014 us-gaap Income Tax Reconciliation Tax Contingencies Domestic
IncomeTaxReconciliationTaxContingenciesDomestic
39000000 USD
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5000000 USD
CY2014 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
900000000 USD
CY2013 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2012 ppl Tax Expense Benefits Excluded Related To Validation Allowances For State Deferred Taxes
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0 USD
CY2012 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
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-278000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
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-7000000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net
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1786000000 USD
CY2014Q4 us-gaap Deferred Tax Assets Derivative Instruments
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46000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
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49000000 USD
CY2014Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
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1125000000 USD
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ShareBasedCompensation
49000000 USD
CY2014 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
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-3000000 USD
CY2014Q4 ppl Total Other Intangible Assets Finite Infinite
TotalOtherIntangibleAssetsFiniteInfinite
1328000000 USD
CY2013 us-gaap Available For Sale Securities Gross Realized Gains
AvailableForSaleSecuritiesGrossRealizedGains
17000000 USD
CY2014 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
19000000 USD
CY2014Q4 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
67000000 USD
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IncomeLossFromContinuingOperationsPerDilutedShare
0.73
CY2014Q4 ppl Intermediate And Peaking Fleet Generating Capacity
IntermediateAndPeakingFleetGeneratingCapacity
3252 MW
CY2012 ppl Tax Expense Benefits In Other Comprehensive Income
TaxExpenseBenefitsInOtherComprehensiveIncome
-526000000 USD
CY2013 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-41000000 USD
CY2014 ppl Stock Based Compensation
StockBasedCompensation
28000000 USD
CY2012 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
2000000 USD
CY2013 ppl Depreciation Reduction In Future Period
DepreciationReductionInFuturePeriod
-22000000 USD
CY2014 us-gaap Other Comprehensive Income Foreign Currency Translation Gain Loss Arising During Period Tax
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
-8000000 USD
CY2012 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
0 USD
CY2013 us-gaap Loss Contingency Accrual Provision
LossContingencyAccrualProvision
45000000 USD
CY2013 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
52000000 USD
CY2014 ppl Tax Expense Benefits Excluded Related To Validation Allowances For State Deferred Taxes
TaxExpenseBenefitsExcludedRelatedToValidationAllowancesForStateDeferredTaxes
0 USD
CY2014Q4 us-gaap Noncurrent Assets
NoncurrentAssets
35514000000 USD
CY2014 ppl Cane Run Plant Number Of Unresolved Clean Air Act Violations
CaneRunPlantNumberOfUnresolvedCleanAirActViolations
1
CY2013Q4 us-gaap Short Term Investments
ShortTermInvestments
0 USD
CY2013 ppl Other Nonoperating Income Miscellaneous
OtherNonoperatingIncomeMiscellaneous
18000000 USD
CY2013 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
CY2014 ppl Loss Contingency Pending Claims Not Accrued Operating Permit
LossContingencyPendingClaimsNotAccruedOperatingPermit
3
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.62
CY2013 us-gaap Revenues
Revenues
11721000000 USD
CY2014 ppl Expenditures For Additions To Long Lived Assets
ExpendituresForAdditionsToLongLivedAssets
4154000000 USD
CY2014 ppl Other Comprehensive Income Equity Investees Other Comprehensive Income Loss Arising During Period Tax
OtherComprehensiveIncomeEquityInvesteesOtherComprehensiveIncomeLossArisingDuringPeriodTax
0 USD
CY2012 ppl Reduction In Amount To Comply With Distribution Price Control Review
ReductionInAmountToComplyWithDistributionPriceControlReview
-79000000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
7000000 USD
CY2013 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-4000000 USD
CY2014 ppl Renewable Energy Legislation New Jersey Energy Portfolio Proposed Standard By2050
RenewableEnergyLegislationNewJerseyEnergyPortfolioProposedStandardBy2050
0.8 pure
CY2012 ppl Tax Expense Benefits Excluded From Income Taxes From Continuing Operations Total
TaxExpenseBenefitsExcludedFromIncomeTaxesFromContinuingOperationsTotal
-504000000 USD
CY2013 us-gaap Goodwill Other Changes
GoodwillOtherChanges
0 USD
CY2014 ppl Loss Contingency Civil Penalty Amount Used For Beneficial Projects
LossContingencyCivilPenaltyAmountUsedForBeneficialProjects
100000000 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
6159000000 USD

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