← Filings of PPL
Tables in the 10-K of PPL Corp
280 tables with numbers, filed Feb 14, 2020. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 | | |
| FORM | 10-K |
| ☒ | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT | |
| OF 1934 for the fiscal year ended | December 31, 2019 |
| OR | | |
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT | |
| OF 1934 for the transition period from | _________ to ___________ |
| Commission File Number | Registrant; State of Incorporation; Address and Telephone Number | IRS Employer Identification No. | |
| 1-11459 | PPL Corporation | 23-2758192 | |
| (Exact name of Registrant as specified in its charter) | | |
| Pennsylvania | | |
| Two North Ninth Street | | |
| Allentown, | PA | 18101-1179 |
| (610) | 774-5151 | |
| 1-905 | PPL Electric Utilities Corporation | 23-0959590 | |
First 8 of 31 rows. The CSV has all of them.
Table 3 after “Unless otherwise specified, references in this Report, individually, to PPL Corporation, PPL Electric Utilities Corporation, LG&E and KU Ene”
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| Item | | Page |
| PART I | |
| Glossary of Terms and Abbreviations | i |
| Forward-Looking Information | 1 |
| 1. | Business | 3 |
| 1A. | Risk Factors | 21 |
| 1B. | Unresolved Staff Comments | 28 |
| 2. | Properties | 29 |
First 8 of 23 rows. The CSV has all of them.
| Item | | Page |
| Financial Condition | 55 |
| Liquidity and Capital Resources | 55 |
| Risk Management | 67 |
| Foreign Currency Translation | 69 |
| Related Party Transactions | 69 |
| Acquisitions, Developments and Divestitures | 70 |
| Environmental Matters | 70 |
First 8 of 45 rows. The CSV has all of them.
| Item | | Page |
| COMBINED NOTES TO FINANCIAL STATEMENTS | |
| Index to Combined Notes to Consolidated Financial Statements | 116 |
| 1. Summary of Significant Accounting Policies | 116 |
| 2. Segment and Related Information | 128 |
| 3. Revenue from Contracts with Customers | 131 |
| 4. Preferred Securities | 134 |
| 5. Earnings Per Share | 135 |
First 8 of 46 rows. The CSV has all of them.
Table 6 after “A comparison of PPL's three regulated segments is shown below.”
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| | Kentucky | | Pennsylvania | |
| U.K. Regulated | Regulated | | Regulated | |
| For the year ended December 31, 2019: | | | | | |
| Operating Revenues (in billions) | $2.2 | | $3.2 | | $2.4 |
| Net Income (in millions) | $977 | | $436 | | $458 |
| Electricity delivered (GWh) | 72,061 | | 31,368 | | 37,024 |
| At December 31, 2019: | | | | | |
| Regulatory Asset Base (in billions) (a) | $10.3 | | $10.4 | | $7.6 |
First 8 of 10 rows. The CSV has all of them.
Table 7 after “For price control purposes, WPD collects income tax based on Ofgem’s notional tax charge, which will not equal the amount of income tax expe”
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| 2019 | | 2018 | | 2017 | | | | |
| Taxes collected in revenues | £ | 56 | | | £ | 58 | | £ | 57 |
| Taxes recorded under GAAP | 167 | | | 156 | | | 139 | | |
Table 8 after “The annual incentives and penalties are reflected in customer rates on a two-year lag from the time they are earned and/or assessed. Based o”
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| Incentive Received | | Calendar Year Ended Incentive | | |
| Calendar Year Ended Incentive Earned | (in millions) | | Included in Revenue | | |
| 2015 | £ | 79 | | | 2017 |
| 2016 | 76 | | | 2018 | |
| 2017 | 72 | | | 2019 | |
| 2018 | 78 | | | 2020 | |
| 2019 (a) | 75-85 | | | 2021 | |
| 2020 (a) | 75-85 | | | 2022 | |
Table 9 after “, LKE's power plants generated the following amounts of electricity:”
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| GWh | | | | |
| Fuel Source | LKE | LG&E | | KU | |
| Coal | 25,348 | | 11,336 | | 14,012 |
| Gas | 6,558 | | 1,608 | | 4,950 |
| Hydro | 357 | | 251 | | 106 |
| Solar | 18 | | 7 | | 11 |
| Total (a) | 32,281 | | 13,202 | | 19,079 |
Table 10 after “, PPL and its subsidiaries had the following full-time employees and employees represented by labor unions:”
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| Total Full-TimeEmployees | Number of UnionEmployees | | Percentage of TotalWorkforce | |
| PPL | 12,280 | | 5,787 | | 47% |
| PPL Electric | 1,562 | | 918 | | 59% |
| LKE | 3,480 | | 786 | | 23% |
| LG&E | 1,039 | | 668 | | 64% |
| KU | 890 | | 118 | | 13% |
| | LKE | LG&E | KU | | |
| Primary Fuel/Plant | Total MWCapacitySummer | Ownership orOther Interestin MW | % Ownershipor OtherInterest | Ownership orOther Interestin MW | % Ownershipor OtherInterest | Ownership orOther Interestin MW |
| Coal | | | | | | |
| Ghent - Units 1- 4 | 1,919 | 1,919 | | | 100.00 | 1,919 |
| Mill Creek - Units 1- 4 | 1,465 | 1,465 | 100.00 | 1,465 | | |
| E.W. Brown - Unit 3 | 412 | 412 | | | 100.00 | 412 |
| Trimble County - Unit 1 (a) | 493 | 370 | 75.00 | 370 | | |
| Trimble County - Unit 2 (a) | 732 | 549 | 14.25 | 104 | 60.75 | 445 |
First 8 of 28 rows. The CSV has all of them.
Table 12 after “ITEM 6. SELECTED FINANCIAL AND OPERATING DATA”
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| PPL Corporation (a) (b) | 2019 | 2018 | | 2017 | 2016 | 2015 | | |
| Income Items (in millions) | | | | | | | | |
| Operating revenues | $7,769 | | $7,785 | | $7,447 | | $7,517 | $7,669 |
| Operating income (c) | 2,840 | | 2,852 | | 2,901 | | 2,936 | 2,802 |
| Income from continuing operations after income taxes attributable to PPL shareowners | 1,746 | | 1,827 | | 1,128 | | 1,902 | 1,603 |
| Loss from discontinued operations (net ofincome taxes) (f) | — | | — | | — | | — | (921) |
| Net income attributable to PPL shareowners (f) | 1,746 | | 1,827 | | 1,128 | | 1,902 | 682 |
| Balance Sheet Items (in millions) | | | | | | | | |
First 8 of 33 rows. The CSV has all of them.
Table 13 after “Net income for the years ended December 31 includes the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating Revenues | $7,769 | | $7,785 | | $(16) |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Fuel | 709 | | 799 | | (90) |
| Energy purchases | 723 | | 745 | | (22) |
| Other operation and maintenance | 1,985 | | 1,983 | | 2 |
First 8 of 15 rows. The CSV has all of them.
Table 14 after “The increase (decrease) in operating revenues was due to:”
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| 2019 vs. 2018 |
| Domestic: | |
| PPL Electric Distribution price (a) | $42 |
| PPL Electric Distribution volume | (8) |
| PPL Electric PLR | 8 |
| PPL Electric Transmission Formula Rate (b) | 51 |
| PPL Electric TCJA refund (c) | (12) |
| LKE Retail rates (d) | 123 |
First 8 of 21 rows. The CSV has all of them.
Table 15 after “The increase (decrease) in other operation and maintenance was due to:”
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| 2019 vs. 2018 |
| Domestic: | |
| PPL Electric project cancellation costs | $(12) |
| Stock compensation expense | 10 |
| Other operation and maintenance of Safari Energy (a) | 20 |
| Other | 14 |
| U.K.: | |
| Foreign currency exchange rates | (23) |
First 8 of 11 rows. The CSV has all of them.
Table 16 after “The increase (decrease) in depreciation was due to:”
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| 2019 vs. 2018 |
| Additions to PP&E, net | $66 |
| Foreign currency exchange rates | (13) |
| Depreciation rates (a) | 52 |
| Total | $105 |
Table 17 after “The increase (decrease) in other income (expense) - net was due to:”
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| 2019 vs. 2018 |
| Economic foreign currency exchange contracts (Note 17) | $(164) |
| Defined benefit plans - non-service credits (Note 11) | 59 |
| Charitable contributions | 7 |
| Other | 11 |
| Total | $(87) |
Table 18 after “The increase (decrease) in interest expense was due to:”
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| 2019 vs. 2018 |
| Long-term debt interest | $38 |
| Short-term debt interest | 7 |
| Foreign currency exchange rates | (20) |
| Other | 6 |
| Total | $31 |
Table 19 after “The increase (decrease) in income taxes was due to:”
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| 2019 vs. 2018 |
| Change in pre-tax income | $(24) |
| Deferred tax impact of Kentucky state tax reform (a) | (9) |
| Kentucky recycling credit, net of federal income tax expense (b) | (18) |
| Other | 2 |
| Total | $(49) |
Table 20 after “PPL's net income by reportable segments were as follows:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| U.K. Regulated | $977 | | $1,114 | | $(137) |
| Kentucky Regulated | 436 | | 411 | | 25 |
| Pennsylvania Regulated | 458 | | 431 | | 27 |
| Corporate and Other (a) | (125) | | (129) | | 4 |
| Net Income | $1,746 | | $1,827 | | $(81) |
Table 21 after “PPL's Earnings from Ongoing Operations by reportable segment were as follows:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| U.K. Regulated | $1,032 | | $968 | | $64 |
| Kentucky Regulated | 436 | | 418 | | 18 |
| Pennsylvania Regulated | 458 | | 436 | | 22 |
| Corporate and Other | (120) | | (117) | | (3) |
| Earnings from Ongoing Operations | $1,806 | | $1,705 | | $101 |
Table 22 after “Net Income and Earnings from Ongoing Operations include the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating revenues | $2,167 | | $2,268 | | $(101) |
| Other operation and maintenance | 510 | | 538 | | (28) |
| Depreciation | 250 | | 247 | | 3 |
| Taxes, other than income | 127 | | 134 | | (7) |
| Total operating expenses | 887 | | 919 | | (32) |
| Other Income (Expense) - net | 294 | | 403 | | (109) |
First 8 of 13 rows. The CSV has all of them.
Table 23 after “The following after-tax gains (losses), which management considers special items, impacted the U.K. Regulated segment's results and are excl”
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| Income Statement Line Item | 2019 | 2018 | |
| Foreign currency economic hedges, net of tax of $13, ($39) (a) | Other Income (Expense) - net | $(51) | | $148 |
| Other, net of tax of $1, $0 (b) | Other operation and maintenance | (4) | | — |
| U.S. tax reform (c) | Income Taxes | — | | 3 |
| Death benefit, net of tax of $0, $1 (d) | Other operation and maintenance | — | | (5) |
| Total | | $(55) | | $146 |
| 2019 vs. 2018 |
| U.K. | |
| U.K. Adjusted Gross Margins | $16 |
| Other operation and maintenance | 3 |
| Depreciation | (16) |
| Other Income (Expense) - net | 74 |
| Interest expense | (12) |
| Income taxes | (15) |
First 8 of 15 rows. The CSV has all of them.
Table 25 after “Net Income and Earnings from Ongoing Operations include the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating revenues | $3,206 | | $3,214 | | $(8) |
| Fuel | 709 | | 799 | | (90) |
| Energy purchases | 174 | | 201 | | (27) |
| Other operation and maintenance | 861 | | 848 | | 13 |
| Depreciation | 547 | | 475 | | 72 |
| Taxes, other than income | 74 | | 70 | | 4 |
First 8 of 15 rows. The CSV has all of them.
Table 26 after “The following after-tax gains (losses), which management considers special items, impacted the Kentucky Regulated segment's results and are ”
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| Income Statement Line Item | 2019 | 2018 | |
| U.S. tax reform (a) | Income Taxes | $— | | $2 |
| Kentucky state tax reform (b) | Income Taxes | — | | (9) |
| Total | | $— | | $(7) |
Table 27 after “The changes in the components of the Kentucky Regulated segment's results between these periods were due to the factors set forth below, whi”
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| 2019 vs. 2018 |
| Kentucky Adjusted Gross Margins | $70 |
| Other operation and maintenance | (19) |
| Depreciation | (26) |
| Taxes, other than income | (5) |
| Other Income (Expense) - net | 3 |
| Interest Expense | (24) |
| Income Taxes | 19 |
First 8 of 11 rows. The CSV has all of them.
Table 28 after “Net Income and Earnings from Ongoing Operations include the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating revenues | $2,358 | | $2,277 | | $81 |
| Energy purchases | 549 | | 544 | | 5 |
| Other operation and maintenance | 566 | | 578 | | (12) |
| Depreciation | 386 | | 352 | | 34 |
| Taxes, other than income | 112 | | 109 | | 3 |
| Total operating expenses | 1,613 | | 1,583 | | 30 |
First 8 of 14 rows. The CSV has all of them.
| Income Statement Line Item | 2019 | 2018 | |
| IT transformation, net of tax of $0, $2 (a) | Other operation and maintenance | $— | | $(5) |
| Total | | $— | | $(5) |
Table 30 after “The changes in the components of the Pennsylvania Regulated segment's results between these periods were due to the factors set forth below,”
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| 2019 vs. 2018 |
| Pennsylvania Adjusted Gross Margins | $54 |
| Other operation and maintenance | 9 |
| Depreciation | (19) |
| Other Income (Expense) - net | (1) |
| Interest Expense | (10) |
| Income Taxes | (11) |
| Earnings from Ongoing Operations | 22 |
First 8 of 10 rows. The CSV has all of them.
Table 31 after “The following tables contain after-tax gains (losses), in total, which management considers special items, that are excluded from Earnings f”
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| 2019 | | | | | | | |
| U.K. Regulated | KY Regulated | | PA Regulated | Corporate and Other | Total | | |
| Net Income | $977 | | $436 | | $458 | | $(125) | $1,746 |
| Less: Special Items (expense) benefit: | | | | | | | | |
| Foreign currency economic hedges, net of tax of $13 | (51) | | — | | — | | — | (51) |
| Talen litigation costs, net of tax of $1 (a) | — | | — | | — | | (5) | (5) |
| Other, net of tax of $1 | (4) | | — | | — | | — | (4) |
| Total Special Items | (55) | | — | | — | | (5) | (60) |
First 8 of 9 rows. The CSV has all of them.
| 2018 | | | | | | | |
| U.K. Regulated | KY Regulated | | PA Regulated | Corporate and Other | Total | | |
| Net Income | $1,114 | | $411 | | $431 | | $(129) | $1,827 |
| Less: Special Items (expense) benefit: | | | | | | | | |
| Foreign currency economic hedges, net of tax of ($39) | 148 | | — | | — | | — | 148 |
| U.S. tax reform (b) | 3 | | 2 | | — | | (5) | — |
| Kentucky state tax reform | — | | (9) | | — | | — | (9) |
| IT transformation, net of tax of $2 | — | | — | | (5) | | — | (5) |
First 8 of 12 rows. The CSV has all of them.
Table 33 after “The following table shows Adjusted Gross Margins by PPL's reportable segments and by component, as applicable, for the year ended December 3”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| U.K. Regulated | | | | | |
| U.K. Adjusted Gross Margins | $1,998 | | $2,089 | | $(91) |
| Impact of changes in foreign currency exchange rates | | | | (107) | |
| U.K. Adjusted Gross Margins excluding impact of foreign currency exchange rates | | | | $16 | |
| Kentucky Regulated | | | | | |
| Kentucky Adjusted Gross Margins | $2,111 | | $2,041 | | $70 |
First 8 of 13 rows. The CSV has all of them.
| 2019 | | | | | | | |
| U.K. AdjustedGrossMargins | Kentucky Adjusted GrossMargins | | PennsylvaniaAdjusted GrossMargins | Other (a) | OperatingIncome (b) | | |
| Operating Revenues | $2,129 | (c) | $3,206 | | $2,358 | | $76 | $7,769 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 709 | | — | | — | 709 |
| Energy purchases | — | | 174 | | 549 | | — | 723 |
| Other operation and maintenance | 131 | | 92 | | 125 | | 1,637 | 1,985 |
| Depreciation | — | | 116 | | 50 | | 1,033 | 1,199 |
First 8 of 11 rows. The CSV has all of them.
| 2018 | | | | | | | |
| U.K. AdjustedGrossMargins | Kentucky Adjusted GrossMargins | | PennsylvaniaAdjusted GrossMargins | Other (a) | OperatingIncome (b) | | |
| Operating Revenues | $2,230 | (c) | $3,214 | | $2,277 | | $64 | $7,785 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 799 | | — | | — | 799 |
| Energy purchases | — | | 201 | | 544 | | — | 745 |
| Other operation and maintenance | 141 | | 98 | | 121 | | 1,623 | 1,983 |
| Depreciation | — | | 70 | | 35 | | 989 | 1,094 |
First 8 of 11 rows. The CSV has all of them.
Table 36 after “Net income for the years ended December 31 includes the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating Revenues | $2,358 | | $2,277 | | $81 |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Energy purchases | 549 | | 544 | | 5 |
| Other operation and maintenance | 566 | | 578 | | (12) |
| Depreciation | 386 | | 352 | | 34 |
First 8 of 15 rows. The CSV has all of them.
Table 37 after “The increase (decrease) in operating revenues was due to:”
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| 2019 vs. 2018 |
| Distribution Price (a) | $42 |
| Distribution volume | (8) |
| PLR | 8 |
| Transmission Formula Rate (b) | 51 |
| TCJA Refund (c) | (12) |
| Total | $81 |
Table 38 after “The increase (decrease) in other operation and maintenance was due to:”
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| 2019 vs. 2018 |
| Project cancellations | $(12) |
| Storm costs | (4) |
| Bad debts | (3) |
| Contractor-related expenses | 3 |
| Vegetation management | 2 |
| Support costs | 1 |
| Other | 1 |
First 8 of 9 rows. The CSV has all of them.
Table 39 after “Net income for the years ended December 31 includes the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating Revenues | $3,206 | | $3,214 | | $(8) |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Fuel | 709 | | 799 | | (90) |
| Energy purchases | 174 | | 201 | | (27) |
| Other operation and maintenance | 861 | | 848 | | 13 |
First 8 of 16 rows. The CSV has all of them.
Table 40 after “The increase (decrease) in operating revenues was due to:”
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| 2019 vs. 2018 |
| Volumes (a) | $(91) |
| Municipal supply (b) | (56) |
| Fuel and other energy prices (c) | (48) |
| Retail rates (d) | 123 |
| ECR (e) | 60 |
| Other | 4 |
| Total | $(8) |
Table 41 after “The increase (decrease) in income taxes was due to:”
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| 2019 vs. 2018 |
| Kentucky recycling credit, net of federal income tax expense (a) | $(18) |
| Kentucky state tax reform (b) | (9) |
| Other | 1 |
| Total | $(26) |
Table 42 after “Net income for the years ended December 31 includes the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating Revenues | | | | | |
| Retail and wholesale | $1,473 | | $1,467 | | $6 |
| Electric revenue from affiliate | 27 | | 29 | | (2) |
| Total Operating Revenues | 1,500 | | 1,496 | | 4 |
| Operating Expenses | | | | | |
| Operation | | | | | |
First 8 of 19 rows. The CSV has all of them.
Table 43 after “The increase (decrease) in operating revenues was due to:”
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| 2019 vs. 2018 |
| Retail rates (a) | $46 |
| ECR (b) | 26 |
| Volumes (c) | (53) |
| Fuel and other energy prices (d) | (20) |
| Other | 5 |
| Total | $4 |
Table 44 after “Net income for the years ended December 31 includes the following results:”
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| | | | Change | |
| 2019 | 2018 | | 2019 vs. 2018 | |
| Operating Revenues | | | | | |
| Retail and wholesale | $1,733 | | $1,747 | | $(14) |
| Electric revenue from affiliate | 7 | | 13 | | (6) |
| Total Operating Revenues | 1,740 | | 1,760 | | (20) |
| Operating Expenses | | | | | |
| Operation | | | | | |
First 8 of 19 rows. The CSV has all of them.
Table 45 after “The increase (decrease) in operating revenue was due to:”
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| 2019 vs. 2018 |
| Municipal supply (a) | $(56) |
| Volumes (b) | (43) |
| Fuel and other energy prices (c) | (30) |
| Retail rates (d) | 77 |
| ECR (e) | 34 |
| Other | (2) |
| Total | $(20) |
Table 46 after “The Registrants had the following at:”
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| PPL (a) | PPLElectric | | LKE | | LG&E | KU | | | |
| December 31, 2019 | | | | | | | | | | |
| Cash and cash equivalents | $815 | | $262 | | | $27 | | $15 | | $12 |
| Short-term debt | 1,151 | | — | | | 388 | | 238 | | 150 |
| Long-term debt due within one year | 1,172 | | — | | | 975 | | — | | 500 |
| Notes payable with affiliates | | — | | | 150 | | — | | — | |
| December 31, 2018 | | | | | | | | | | |
| Cash and cash equivalents | $621 | | $267 | | | $24 | | $10 | | $14 |
First 8 of 11 rows. The CSV has all of them.
Table 47 after “Net cash provided by (used in) operating, investing and financing activities for the years ended December 31 and the changes between periods”
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| PPL | PPLElectric | | LKE | LG&E | KU | | |
| 2019 | | | | | | | | |
| Operating activities | $2,427 | | $913 | | $938 | | $492 | $553 |
| Investing activities | (3,080) | | (1,117) | | (1,094) | | (482) | (610) |
| Financing activities | 836 | | 199 | | 159 | | (5) | 55 |
| 2018 | | | | | | | | |
| Operating activities | $2,821 | | $978 | | $915 | | $443 | $581 |
| Investing activities | (3,361) | | (1,193) | | (1,116) | | (554) | (561) |
First 8 of 13 rows. The CSV has all of them.
| PPL | PPLElectric | | LKE | LG&E | KU | | |
| 2019 vs. 2018 | | | | | | | | |
| Change - Cash Provided (Used): | | | | | | | | |
| Net income | $(81) | | $27 | | $23 | | $(1) | $7 |
| Non-cash components | 241 | | (17) | | 64 | | 33 | 34 |
| Working capital | (451) | | (90) | | (181) | | (48) | (126) |
| Defined benefit plan funding | 11 | | 7 | | 97 | | 55 | 51 |
| Other operating activities | (114) | | 8 | | 20 | | 10 | 6 |
First 8 of 9 rows. The CSV has all of them.
| PPL | PPLElectric | | LKE | LG&E | KU | | |
| 2019 vs. 2018 | | | | | | | | |
| Change - Cash Provided (Used): | | | | | | | | |
| Expenditures for PP&E | $155 | | $78 | | $23 | | $72 | $(48) |
| Purchase of investments | 10 | | — | | — | | — | — |
| Proceeds from sale of investments | 63 | | — | | — | | — | — |
| Other investing activities | 53 | | (2) | | (1) | | — | (1) |
| Total | $281 | | $76 | | $22 | | $72 | $(49) |
Table 50 after “The components of the change in cash provided by (used in) financing activities were as follows:”
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| PPL | PPLElectric | | LKE | | LG&E | KU | | | |
| 2019 vs. 2018 | | | | | | | | | | |
| Change - Cash Provided (Used): | | | | | | | | | | |
| Debt issuance/retirement, net | $383 | | $(105) | | | $414 | | $99 | | $315 |
| Debt issuance/retirement, affiliate | | — | | | (250) | | — | | — | |
| Stock issuances/redemptions, net | 469 | | — | | | — | | — | | — |
| Dividends | (59) | | (96) | | | — | | (26) | | 17 |
| Capital contributions/distributions, net | | (29) | | | 57 | | (58) | | 23 | |
First 8 of 12 rows. The CSV has all of them.
| Debt | Net Stock | | | |
| Issuances (a) | Retirements | | Issuances | |
| Cash Flow Impact: | | | | | |
| PPL | $1,465 | | $300 | | $1,167 |
| PPL Electric | 393 | | 100 | | |
| LKE | 705 | | 200 | | |
| LG&E | 399 | | 200 | | |
| KU | 306 | | — | | |
| Committed Capacity | | Borrowed | | Letters ofCreditandCommercialPaperIssued | | UnusedCapacity | | | | |
| PPL Capital Funding Credit Facilities | $1,550 | | | $— | | | $465 | | $1,085 | | |
| PPL Electric Credit Facility | 650 | | | — | | | 1 | | 649 | | |
| LG&E Credit Facilities | 500 | | | — | | | 238 | | 262 | | |
| KU Credit Facilities | 400 | | | — | | | 150 | | 250 | | |
| Total LKE Consolidated | 900 | | | — | | | 388 | | 512 | | |
| Total U.S. Credit Facilities (a) (b) | $3,100 | | | $— | | | $854 | | $2,246 | | |
| Total U.K. Credit Facilities (b) (c) | £ | 1,055 | | | £ | 243 | | £ | — | £ | 812 |
| CommittedCapacity | Borrowed | | Non-affiliate UsedCapacity | UnusedCapacity | |
| LKE Credit Facility | $375 | | $150 | | $— | $225 |
| LG&E Money Pool (a) | 500 | | — | | 238 | 262 |
| KU Money Pool (a) | 500 | | — | | 150 | 350 |
Table 54 after “PPL, PPL Electric, LG&E and KU maintain commercial paper programs to provide an additional financing source to fund short-term liquidity nee”
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| December 31, 2019 | | | | |
| Capacity | CommercialPaperIssuances | | UnusedCapacity | |
| PPL Capital Funding | $1,500 | | $450 | | $1,050 |
| PPL Electric | 650 | | — | | 650 |
| LG&E | 350 | | 238 | | 112 |
| KU | 350 | | 150 | | 200 |
| Total LKE | 700 | | 388 | | 312 |
| Total PPL | $2,850 | | $838 | | $2,012 |
Table 55 after “. Expenditures for the domestic regulated utilities are expected to be recovered through rates, pending regulatory approval.”
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| | Projected | | | | | | | | |
| Total | 2020 (b) | | 2021 | 2022 | 2023 | | 2024 | | |
| PPL | | | | | | | | | | |
| Construction expenditures (a) | | | | | | | | | | |
| Generating facilities | $763 | | $148 | | $222 | | $106 | | $121 | $166 |
| Distribution facilities | 9,299 | | 1,961 | | 1,860 | | 1,767 | | 1,800 | 1,911 |
| Transmission facilities | 2,724 | | 903 | | 632 | | 470 | | 357 | 362 |
| Environmental | 549 | | 139 | | 209 | | 113 | | 84 | 4 |
First 8 of 35 rows. The CSV has all of them.
Table 56 after “, estimated contractual cash obligations were as follows:”
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| Total | 2020 | | 2021-2022 | 2023-2024 | After 2024 | | |
| PPL | | | | | | | | |
| Long-term Debt (a) | $22,002 | | $1,169 | | $2,848 | | $3,186 | $14,799 |
| Interest on Long-term Debt (b) | 15,131 | | 926 | | 1,657 | | 1,435 | 11,113 |
| Operating Leases (c) | 122 | | 26 | | 42 | | 27 | 27 |
| Purchase Obligations (d) | 2,759 | | 1,137 | | 842 | | 325 | 455 |
| Pension Benefit Plan Funding Obligations (e) | 681 | | 272 | | 226 | | 183 | — |
| Total Contractual Cash Obligations | $40,695 | | $3,530 | | $5,615 | | $5,156 | $26,394 |
First 8 of 33 rows. The CSV has all of them.
| Total | 2020 | | 2021-2022 | 2023-2024 | After 2024 | | |
| KU | | | | | | | | |
| Long-term Debt (a) | $2,642 | | $500 | | $132 | | $13 | $1,997 |
| Interest on Long-term Debt (b) | 1,809 | | 104 | | 173 | | 172 | 1,360 |
| Operating Leases (c) | 36 | | 11 | | 13 | | 8 | 4 |
| Coal and Natural Gas Purchase Obligations (f) | 645 | | 283 | | 278 | | 80 | 4 |
| Unconditional Power Purchase Obligations (g) | 172 | | 10 | | 20 | | 19 | 123 |
| Construction Obligations (h) | 108 | | 97 | | 10 | | 1 | — |
First 8 of 11 rows. The CSV has all of them.
| Senior Unsecured | Senior Secured | Commercial Paper | | | |
| Issuer | Moody's | S&P | Moody's | S&P | Moody's | S&P |
| PPL | | | | | | |
| PPL Capital Funding | Baa2 | BBB+ | | | P-2 | A-2 |
| WPD plc | Baa3 | BBB+ | | | | |
| WPD (East Midlands) | Baa1 | A- | | | | |
| WPD (West Midlands) | Baa1 | A- | | | | |
| WPD (South Wales) | Baa1 | A- | | | | |
First 8 of 15 rows. The CSV has all of them.
Table 59 after “The following interest rate hedges were outstanding at December 31:”
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| 2019 | 2018 | | | | | | | | | | |
| ExposureHedged | Fair Value,Net - Asset(Liability) (a) | | Effect of a10% AdverseMovementin Rates (b) | MaturitiesRangingThrough | ExposureHedged | | Fair Value,Net - Asset(Liability) (a) | | Effect of a10% AdverseMovementin Rates (b) | | |
| PPL | | | | | | | | | | | | |
| Cash flow hedges | | | | | | | | | | | | |
| Cross-currency swaps (c) | $702 | | $156 | | $(71) | | 2028 | | $702 | | $137 | $(76) |
| Economic hedges | | | | | | | | | | | | |
| Interest rate swaps (d) | 147 | | (22) | | (1) | | 2033 | | 147 | | (20) | (1) |
| LKE | | | | | | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 60 after “was insignificant for PPL, PPL Electric, LKE, LG&E and KU. The estimated impact of a 10% adverse movement in interest rates on the fair valu”
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| 10% Adverse Movement in Rates | | |
| 2019 | 2018 | |
| PPL | $655 | | $652 |
| PPL Electric | 197 | | 188 |
| LKE | 198 | | 172 |
| LG&E | 84 | | 62 |
| KU | 104 | | 92 |
Table 61 after “The following foreign currency hedges were outstanding at December 31:”
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| 2019 | | 2018 | | | | | | | | | |
| ExposureHedged | | Fair Value,Net - Asset(Liability) | Effect of a 10%Adverse Movement in Foreign CurrencyExchange Rates (a) | MaturitiesRangingThrough | | Exposure Hedged | Fair Value,Net - Asset(Liability) | Effect of a 10%Adverse Movementin Foreign CurrencyExchange Rates (a) | | | |
| Economic hedges (b) | £ | 859 | | $137 | | $(89) | | 2020 | £ | 1,540 | $201 | $(181) |
Table 62 after “The following tables reflect changes in certain assumptions based on the Registrants' primary defined benefit plans. The inverse of this cha”
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| Increase (Decrease) | Increase (Decrease) | | (Increase) Decrease | | Increase (Decrease) | Increase (Decrease) | | | |
| Actuarial assumption | Defined BenefitAsset | Defined BenefitLiabilities | | AOCI(pre-tax) | | Net RegulatoryAssets | Defined BenefitCosts | | | |
| PPL | | | | | | | | | | |
| Discount rates | $(371) | | $134 | | | $413 | | $92 | | $47 |
| Expected return on plan assets | n/a | | n/a | | | n/a | | n/a | | 31 |
| Rate of compensation increase | (56) | | 15 | | | 62 | | 9 | | 13 |
| PPL Electric | | | | | | | | | | |
| Discount rates | | 57 | | | — | | 57 | | 3 | |
First 8 of 14 rows. The CSV has all of them.
| Increase (Decrease) | Increase (Decrease) | | (Increase) Decrease | Increase (Decrease) | Increase (Decrease) | | |
| Actuarial assumption | Defined BenefitAsset | Defined BenefitLiabilities | | AOCI(pre-tax) | Net RegulatoryAssets | Defined BenefitCosts | | |
| LG&E | | | | | | | | |
| Discount rates | (16) | | 2 | | n/a | | 18 | 2 |
| Expected return on plan assets | n/a | | n/a | | n/a | | n/a | 1 |
| Rate of compensation increase | (1) | | — | | n/a | | 1 | — |
| KU | | | | | | | | |
| Discount rates | (14) | | 2 | | n/a | | 16 | 2 |
First 8 of 10 rows. The CSV has all of them.
Table 64 after “, the total recorded balances and information on the most significant recorded AROs were as follows.”
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| | Most Significant AROs | | | | |
| TotalARORecorded | AmountRecorded | | % of Total | Description | |
| PPL | $282 | | $181 | | 64 | Ponds, landfills and natural gas mains |
| LKE | 215 | | 181 | | 84 | Ponds, landfills and natural gas mains |
| LG&E | 73 | | 56 | | 77 | Ponds, landfills and natural gas mains |
| KU | 142 | | 125 | | 88 | Ponds and landfills |
Table 65 after “(Millions of Dollars, except share data)”
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| 2019 | 2018 | | 2017 | |
| Operating Revenues | $7,769 | | $7,785 | | $7,447 |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Fuel | 709 | | 799 | | 759 |
| Energy purchases | 723 | | 745 | | 685 |
| Other operation and maintenance | 1,985 | | 1,983 | | 1,802 |
| Depreciation | 1,199 | | 1,094 | | 1,008 |
First 8 of 23 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Net income | $1,746 | | $1,827 | | $1,128 |
| Other comprehensive income (loss): | | | | | |
| Amounts arising during the period - gains (losses), net of tax (expense) benefit: | | | | | |
| Foreign currency translation adjustments, net of tax of $0, ($2), ($1) | 108 | | (444) | | 538 |
| Qualifying derivatives, net of tax of $2, ($9), $19 | (11) | | 36 | | (79) |
| Defined benefit plans: | | | | | |
| Prior service costs, net of tax of $0, $3, $0 | (1) | | (11) | | — |
First 8 of 17 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $1,746 | | $1,827 | | $1,128 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | | | |
| Depreciation | 1,199 | | 1,094 | | 1,008 |
| Amortization | 81 | | 78 | | 97 |
| Defined benefit plans - (income) | (263) | | (192) | | (95) |
| Deferred income taxes and investment tax credits | 309 | | 355 | | 707 |
First 8 of 50 rows. The CSV has all of them.
Table 68 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $815 | | $621 |
| Accounts receivable (less reserve: 2019, $58; 2018, $56) | | | |
| Customer | 687 | | 663 |
| Other | 105 | | 107 |
| Unbilled revenues | 504 | | 496 |
First 8 of 31 rows. The CSV has all of them.
Table 69 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $1,151 | | $1,430 |
| Long-term debt due within one year | 1,172 | | 530 |
| Accounts payable | 956 | | 989 |
| Taxes | 99 | | 110 |
| Interest | 294 | | 278 |
First 8 of 30 rows. The CSV has all of them.
| PPL Shareowners | | | | | | | | | | |
| Commonstock shares outstanding(a) | Common stock | | Additionalpaid-incapital | Earningsreinvested | Accumulated other comprehensiveloss | | Total | | | |
| December 31, 2016 | 679,731 | | $7 | | $9,841 | | $3,829 | | $(3,778) | | $9,899 |
| Common stock issued | 13,667 | | | | 482 | | | | | | 482 |
| Stock-based compensation | | | | | (18) | | | | | | (18) |
| Net income | | | | | | | 1,128 | | | 1,128 | |
| Dividends and dividend equivalents (b) | | | | | | | (1,086) | | | (1,086) | |
| Other comprehensive income (loss) | | | | | | | | | 356 | | 356 |
First 8 of 22 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Operating Revenues | $2,358 | | $2,277 | | $2,195 |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Energy purchases | 549 | | 544 | | 507 |
| Other operation and maintenance | 566 | | 578 | | 572 |
| Depreciation | 386 | | 352 | | 309 |
| Taxes, other than income | 112 | | 109 | | 107 |
First 8 of 16 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $457 | | $430 | | $362 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | | | | | |
| Depreciation | 386 | | 352 | | 309 |
| Amortization | 24 | | 22 | | 33 |
| Defined benefit plans - expense | — | | 3 | | 12 |
| Deferred income taxes and investment tax credits | 90 | | 125 | | 258 |
First 8 of 44 rows. The CSV has all of them.
Table 73 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $262 | | $267 |
| Accounts receivable (less reserve: 2019, $28; 2018, $27) | | | |
| Customer | 258 | | 264 |
| Other | 22 | | 38 |
| Accounts receivable from affiliates | 11 | | 11 |
First 8 of 26 rows. The CSV has all of them.
Table 74 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Accounts payable | $438 | | $418 |
| Accounts payable to affiliates | 32 | | 25 |
| Taxes | 13 | | 12 |
| Interest | 41 | | 37 |
| Regulatory liabilities | 96 | | 74 |
First 8 of 24 rows. The CSV has all of them.
| Common stock shares outstanding(a) | Commonstock | | Additional paid-incapital | Earningsreinvested | Total | | |
| December 31, 2016 | 66,368 | | $364 | | $2,154 | | $873 | $3,391 |
| Net income | | | | | | | 362 | 362 |
| Capital contributions from parent | | | | | 575 | | | 575 |
| Dividends declared on common stock | | | | | | | (336) | (336) |
| December 31, 2017 | 66,368 | | $364 | | $2,729 | | $899 | $3,992 |
| Net income | | | | | | | 430 | 430 |
| Capital contributions from parent | | | | | 429 | | | 429 |
First 8 of 14 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Operating Revenues | $3,206 | | $3,214 | | $3,156 |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Fuel | 709 | | 799 | | 759 |
| Energy purchases | 174 | | 201 | | 178 |
| Other operation and maintenance | 861 | | 848 | | 801 |
| Depreciation | 547 | | 475 | | 439 |
First 8 of 17 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Net income | $468 | | $445 | | $316 |
| Other comprehensive income (loss): | | | | | |
| Amounts arising during the period - gains (losses), net of tax (expense) benefit: | | | | | |
| Defined benefit plans: | | | | | |
| Prior service costs, net of tax of $0, $0, $1 | (1) | | — | | (2) |
| Net actuarial gain (loss), net of tax of $2, ($2), $13 | (6) | | 7 | | (23) |
| Reclassifications to net income - (gains) losses, net of tax expense (benefit): | | | | | |
First 8 of 14 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $468 | | $445 | | $316 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | | | | | |
| Depreciation | 547 | | 475 | | 439 |
| Amortization | 27 | | 18 | | 24 |
| Defined benefit plans - expense | 11 | | 17 | | 25 |
| Deferred income taxes and investment tax credits | 82 | | 94 | | 294 |
First 8 of 49 rows. The CSV has all of them.
| 2019 | 2018 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $27 | | $24 |
| Accounts receivable (less reserve: 2019, $28; 2018, $27) | | | |
| Customer | 260 | | 239 |
| Other | 71 | | 63 |
| Unbilled revenues | 164 | | 169 |
First 8 of 26 rows. The CSV has all of them.
| 2019 | 2018 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $388 | | $514 |
| Long-term debt due within one year | 975 | | 530 |
| Notes payable with affiliates | 150 | | 113 |
| Accounts payable | 316 | | 366 |
| Accounts payable to affiliates | 11 | | 9 |
First 8 of 32 rows. The CSV has all of them.
| Member'sEquity |
| December 31, 2016 | $4,667 |
| Net income | 316 |
| Distributions to member | (402) |
| Other comprehensive income (loss) | (18) |
| December 31, 2017 | $4,563 |
| Net income | $445 |
| Distributions to member | (302) |
First 8 of 15 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Operating Revenues | | | | | |
| Retail and wholesale | $1,473 | | $1,467 | | $1,422 |
| Electric revenue from affiliate | 27 | | 29 | | 31 |
| Total Operating Revenues | 1,500 | | 1,496 | | 1,453 |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Fuel | 289 | | 308 | | 292 |
First 8 of 20 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $232 | | $233 | | $213 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | | | | | |
| Depreciation | 231 | | 195 | | 183 |
| Amortization | 15 | | 14 | | 14 |
| Defined benefit plans - expense | 3 | | 3 | | 7 |
| Deferred income taxes and investment tax credits | 56 | | 60 | | 126 |
First 8 of 47 rows. The CSV has all of them.
Table 84 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $15 | | $10 |
| Accounts receivable (less reserve: 2019, $1; 2018, $1) | | | |
| Customer | 121 | | 110 |
| Other | 41 | | 30 |
| Unbilled revenues | 76 | | 77 |
First 8 of 27 rows. The CSV has all of them.
Table 85 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $238 | | $279 |
| Long-term debt due within one year | — | | 434 |
| Accounts payable | 172 | | 172 |
| Accounts payable to affiliates | 31 | | 26 |
| Customer deposits | 31 | | 29 |
First 8 of 31 rows. The CSV has all of them.
| Commonstocksharesoutstanding(a) | Commonstock | | Additionalpaid-incapital | Earningsreinvested | Total | | | |
| December 31, 2016 | 21,294 | | $424 | | $1,682 | | $370 | | $2,476 |
| Net income | | | | | | | 213 | | 213 |
| Capital contributions from LKE | | | | | 30 | | | | 30 |
| Cash dividends declared on common stock | | | | | | | (192) | | (192) |
| December 31, 2017 | 21,294 | | $424 | | $1,712 | | $391 | | $2,527 |
| Net income | | | | | 233 | | 233 | | |
| Capital contributions from LKE | | | | | 83 | | | 83 | |
First 8 of 14 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Operating Revenues | | | | | |
| Retail and wholesale | $1,733 | | $1,747 | | $1,734 |
| Electric revenue from affiliate | 7 | | 13 | | 10 |
| Total Operating Revenues | 1,740 | | 1,760 | | 1,744 |
| Operating Expenses | | | | | |
| Operation | | | | | |
| Fuel | 420 | | 491 | | 467 |
First 8 of 20 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $293 | | $286 | | $259 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities | | | | | |
| Depreciation | 315 | | 279 | | 255 |
| Amortization | 10 | | 3 | | 9 |
| Defined benefit plans - expense | (1) | | — | | 4 |
| Deferred income taxes and investment tax credits | 39 | | 48 | | 152 |
First 8 of 45 rows. The CSV has all of them.
Table 89 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $12 | | $14 |
| Accounts receivable (less reserve: 2019, $1; 2018, $2) | | | |
| Customer | 139 | | 129 |
| Other | 27 | | 34 |
| Unbilled revenues | 88 | | 92 |
First 8 of 26 rows. The CSV has all of them.
Table 90 after “(Millions of Dollars, shares in thousands)”
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| 2019 | 2018 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $150 | | $235 |
| Long-term debt due within one year | 500 | | 96 |
| Accounts payable | 121 | | 171 |
| Accounts payable to affiliates | 52 | | 53 |
| Customer deposits | 31 | | 32 |
First 8 of 29 rows. The CSV has all of them.
| Commonstocksharesoutstanding(a) | Commonstock | | Additionalpaid-incapital | Earningsreinvested | Accumulatedothercomprehensiveincome(loss) | | Total | | | |
| December 31, 2016 | 37,818 | | $308 | | $2,616 | | $400 | | | $(1) | $3,323 |
| Net income | | | | | | | 259 | | | | 259 |
| Cash dividends declared on common stock | | | | | | | (226) | | | | (226) |
| Other comprehensive income (loss) | | | | | | 1 | | | 1 | | |
| December 31, 2017 | 37,818 | | $308 | | $2,616 | | $433 | | | $— | $3,357 |
| Net income | | | | | 286 | | | | 286 | | |
| Capital contributions from LKE | | | | | 45 | | | | | | 45 |
First 8 of 14 rows. The CSV has all of them.
Table 92 after “The notes to the consolidated financial statements that follow are a combined presentation. The following list indicates the Registrants to ”
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| Registrant | | | | |
| PPL | PPL Electric | LKE | LG&E | KU |
| 1. Summary of Significant Accounting Policies | x | x | x | x | x |
| 2. Segment and Related Information | x | x | x | x | x |
| 3. Revenue from Contracts with Customers | x | x | x | x | x |
| 4. Preferred Securities | x | x | | x | x |
| 5. Earnings Per Share | x | | | | |
| 6. Income and Other Taxes | x | x | x | x | x |
First 8 of 23 rows. The CSV has all of them.
| | Additions | | | | | | |
| Balance atBeginning of Period | Charged to Income | | Charged toOther Accounts | Deductions (a) | Balance atEnd of Period | | |
| PPL | | | | | | | | |
| 2019 | $56 | | $37 | | $3 | | $38 | $58 |
| 2018 | 51 | | 41 | | 3 | | 39 | 56 |
| 2017 | 54 | | 28 | | (1) | | 30 | 51 |
| PPL Electric | | | | | | | | |
| 2019 | $27 | | $26 | | $— | | $25 | $28 |
First 8 of 22 rows. The CSV has all of them.
| PPL | PPL Electric | | | | |
| December 31, 2019 | December 31, 2018 | | December 31, 2019 | December 31, 2018 | |
| Cash and cash equivalents | $815 | | $621 | | $262 | $267 |
| Restricted cash - current | 3 | | 3 | | 2 | 2 |
| Restricted cash - noncurrent (a) | 18 | | 19 | | — | — |
| Total Cash, Cash Equivalents and Restricted Cash | $836 | | $643 | | $264 | $269 |
Table 95 after “Following are the weighted-average annual rates of depreciation, for regulated utility plant, for the years ended December 31:”
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| 2019 | 2018 | | 2017 | |
| PPL | 2.84% | | 2.77% | | 2.65% |
| PPL Electric | 3.05% | | 3.01% | | 2.86% |
| LKE | 3.96% | | 3.69% | | 3.64% |
| LG&E | 3.87% | | 3.63% | | 3.63% |
| KU | 4.02% | | 3.74% | | 3.66% |
Table 96 after “the following intercompany tax receivables (payables) were recorded:”
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| 2019 | 2018 | |
| PPL Electric | $3 | | $19 |
| LKE | (8) | | (16) |
| LG&E | (4) | | — |
| KU | (6) | | (5) |
Table 97 after “"Fuel, materials and supplies" on the Balance Sheets consisted of the following at December 31:”
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| PPL | LKE | | LG&E | KU | | | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | 2019 | 2018 | | | |
| Fuel | $106 | | $98 | | $106 | | $98 | | $43 | | $42 | $63 | $56 |
| Natural gas stored underground | 35 | | 41 | | 35 | | 41 | | 35 | | 41 | — | — |
| Materials and supplies | 191 | | 164 | | 109 | | 109 | | 44 | | 44 | 65 | 65 |
| Total | $332 | | $303 | | $250 | | $248 | | $122 | | $127 | $128 | $121 |
Table 98 after “The following table shows the amounts recorded on the Balance Sheets as of January 1, 2019 as a result of the adoption of the new lease guid”
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| PPL | LKE | | LG&E | KU | |
| Right-of-Use Asset (a) | $81 | | $56 | | $23 | $31 |
| Lease Liability - Current (b) | 23 | | 18 | | 9 | 9 |
| Lease Liability - Noncurrent (c) | 67 | | 46 | | 18 | 26 |
Table 99 after “Income Statement data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:”
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| 2019 | 2018 | | 2017 | |
| Operating Revenues from external customers (a) | | | | | |
| U.K. Regulated | $2,167 | | $2,268 | | $2,091 |
| Kentucky Regulated | 3,206 | | 3,214 | | 3,156 |
| Pennsylvania Regulated | 2,358 | | 2,277 | | 2,195 |
| Corporate and Other | 38 | | 26 | | 5 |
| Total | $7,769 | | $7,785 | | $7,447 |
| Depreciation | | | | | |
First 8 of 48 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Net Income | | | | | |
| U.K. Regulated | $977 | | $1,114 | | $652 |
| Kentucky Regulated | 436 | | 411 | | 286 |
| Pennsylvania Regulated | 458 | | 431 | | 359 |
| Corporate and Other | (125) | | (129) | | (169) |
| Total | $1,746 | | $1,827 | | $1,128 |
Table 101 after “Cash Flow data for the segments and reconciliation to PPL's consolidated results for the years ended December 31 are as follows:”
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| 2019 | 2018 | | 2017 | |
| Expenditures for long-lived assets | | | | | |
| U.K. Regulated | $857 | | $954 | | $1,015 |
| Kentucky Regulated | 1,097 | | 1,117 | | 892 |
| Pennsylvania Regulated | 1,121 | | 1,196 | | 1,254 |
| Corporate and Other | 32 | | 1 | | 10 |
| Total | $3,107 | | $3,268 | | $3,171 |
Table 102 after “The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated results as of:”
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| As of December 31, | | |
| 2019 | 2018 | |
| Total Assets | | | |
| U.K. Regulated (a) | $17,622 | | $16,700 |
| Kentucky Regulated | 15,597 | | 15,078 |
| Pennsylvania Regulated | 11,918 | | 11,257 |
| Corporate and Other (b) | 543 | | 361 |
| Total | $45,680 | | $43,396 |
Table 103 after “Geographic data for the years ended December 31 are as follows:”
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| 2019 | 2018 | | 2017 | |
| Revenues from external customers | | | | | |
| U.K. | $2,167 | | $2,268 | | $2,091 |
| U.S. | 5,602 | | 5,517 | | 5,356 |
| Total | $7,769 | | $7,785 | | $7,447 |
Table 104 after “Geographic data for the years ended December 31 are as follows:”
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| As of December 31, | | |
| 2019 | 2018 | |
| Long-Lived Assets | | | |
| U.K. | $13,618 | | $12,791 |
| U.S. | 23,607 | | 22,384 |
| Total | $37,225 | | $35,175 |
| 2019 | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $7,769 | | $2,358 | | $3,206 | | $1,500 | $1,740 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | (30) | | (6) | | (24) | | (10) | (14) |
| Other (c) | (38) | | (10) | | (21) | | (9) | (12) |
| Revenues from Contracts with Customers | $7,701 | | $2,342 | | $3,161 | | $1,481 | $1,714 |
| 2018 | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $7,785 | | $2,277 | | $3,214 | | $1,496 | $1,760 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | 32 | | (6) | | 38 | | 12 | 26 |
| Other (c) | (38) | | (12) | | (17) | | (5) | (12) |
| Revenues from Contracts with Customers | $7,779 | | $2,259 | | $3,235 | | $1,503 | $1,774 |
| 2019 | | | | | | | |
| PPL (d) | PPL Electric (d) | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $2,032 | | $— | | $— | | $— | $— |
| Residential | 2,610 | | 1,288 | | 1,322 | | 668 | 654 |
| Commercial | 1,257 | | 349 | | 908 | | 466 | 442 |
| Industrial | 621 | | 59 | | 562 | | 180 | 382 |
| Other (b) | 495 | | 52 | | 277 | | 121 | 156 |
| Wholesale - municipal | 43 | | — | | 43 | | — | 43 |
First 8 of 11 rows. The CSV has all of them.
| 2018 | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $2,127 | | $— | | $— | | $— | $— |
| Residential | 2,704 | | 1,379 | | 1,325 | | 666 | 659 |
| Commercial | 1,233 | | 368 | | 865 | | 455 | 410 |
| Industrial | 624 | | 54 | | 570 | | 180 | 390 |
| Other (b) | 489 | | 53 | | 278 | | 129 | 149 |
| Wholesale - municipal | 118 | | — | | 118 | | — | 118 |
First 8 of 11 rows. The CSV has all of them.
| 2019 | 2018 | |
| PPL | $27 | | $34 |
| PPL Electric | 21 | | 24 |
| LKE | 6 | | 9 |
| LG&E | 2 | | 4 |
| KU | 4 | | 5 |
Table 110 after “The following table shows the balances and certain activity of contract liabilities resulting from contracts with customers:”
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| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Contract liabilities as of December 31, 2019 | $44 | | $21 | | $9 | | $5 | $4 |
| Contract liabilities as of December 31, 2018 | 42 | | 23 | | 9 | | 5 | 4 |
| Revenue recognized during the year ended December 31, 2019 that was included in the contract liability balance at December 31, 2018 | 32 | | 11 | | 9 | | 5 | 4 |
| Contract liabilities as of December 31, 2018 | $42 | | $23 | | $9 | | $5 | $4 |
| Contract liabilities as of December 31, 2017 | 29 | | 19 | | 8 | | 4 | 4 |
| Revenue recognized during the year ended December 31, 2018 that was included in the contract liability balance at December 31, 2017 | 21 | | 8 | | 8 | | 4 | 4 |
Table 111 after “used in the EPS calculation are:”
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| 2019 | 2018 | | 2017 | |
| Income (Numerator) | | | | | |
| Net income | $1,746 | | $1,827 | | $1,128 |
| Less amounts allocated to participating securities | 1 | | 2 | | 2 |
| Net income available to PPL common shareowners - Basic and Diluted | $1,745 | | $1,825 | | $1,126 |
| Shares of Common Stock (Denominator) | | | | | |
| Weighted-average shares - Basic EPS | 728,512 | | 704,439 | | 685,240 |
| Add incremental non-participating securities: | | | | | |
First 8 of 15 rows. The CSV has all of them.
Table 112 after “the following shares (in thousands) were excluded from the computations of diluted EPS because the effect would have been antidilutive:”
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| 2019 | 2018 | | 2017 | |
| Stock options | — | | 172 | | 696 |
| Performance units | 5 | | — | | — |
| Restricted stock units | 3 | | 11 | | — |
Table 113 after “"Income Before Income Taxes" included the following:”
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| 2019 | 2018 | | 2017 | |
| Domestic income | $964 | | $1,127 | | $874 |
| Foreign income | 1,191 | | 1,158 | | 1,038 |
| Total | $2,155 | | $2,285 | | $1,912 |
Table 114 after “Significant components of PPL's deferred income tax assets and liabilities were as follows:”
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| 2019 | 2018 | |
| Deferred Tax Assets | | | |
| Deferred investment tax credits | $31 | | $31 |
| Regulatory liabilities | 75 | | 87 |
| Income taxes due to customer | 462 | | 479 |
| Accrued pension and postretirement costs | 211 | | 277 |
| Federal loss carryforwards | 324 | | 325 |
| State loss carryforwards | 432 | | 419 |
First 8 of 23 rows. The CSV has all of them.
| Gross | Deferred Tax Asset | | Valuation Allowance | Expiration | |
| Loss carryforwards | | | | | | |
| Federal net operating losses | $1,499 | | $315 | | $— | 2032-2037 |
| Federal charitable contributions | 42 | | 9 | | — | 2020-2024 |
| State net operating losses | 5,879 | | 432 | | (393) | 2021-2039 |
| State charitable contributions | 1 | | — | | — | 2020-2024 |
| Foreign net operating losses | 3 | | — | | — | Indefinite |
| Foreign capital losses | 1,880 | | 320 | | (320) | Indefinite |
First 8 of 9 rows. The CSV has all of them.
| Credit carryforwards | | | |
| Federal investment tax credit | 133 | — | 2025-2039 |
| Federal alternative minimum tax credit (a) | 8 | — | Indefinite |
| Federal foreign tax credits (b) | 218 | (113) | 2024-2027 |
| Federal - other | 24 | (6) | 2020-2039 |
| State Recycling Credit | 18 | — | 2028 |
| State - other | 1 | — | Indefinite |
Table 117 after “The changes in deferred tax valuation allowances were as follows:”
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| | Additions | | | | | | | | |
| Balance atBeginningof Period | Chargedto Income | | Charged toOtherAccounts | | Deductions | Balanceat Endof Period | | | |
| 2019 | $808 | | $31 | | | $— | | $5 | | $834 |
| 2018 | 838 | | 26 | | | — | | 56 | (a) | 808 |
| 2017 | 593 | | 256 | | (b) | — | | 11 | | 838 |
| 2019 | 2018 | | 2017 | |
| Income Tax Expense (Benefit) | | | | | |
| Current - Federal | $(10) | | $(19) | | $6 |
| Current - State | 19 | | 17 | | 25 |
| Current - Foreign | 91 | | 104 | | 45 |
| Total Current Expense (Benefit) | 100 | | 102 | | 76 |
| Deferred - Federal (a) | 139 | | 203 | | 532 |
| Deferred - State | 76 | | 100 | | 88 |
First 8 of 20 rows. The CSV has all of them.
Table 119 after “In the table above, the following income tax expense (benefit) are excluded from income taxes:”
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| 2019 | 2018 | | 2017 | |
| Other comprehensive income | $(93) | | $(6) | | $(34) |
| Valuation allowance on state deferred taxes recorded to other comprehensive income | — | | — | | (1) |
| Total | $(93) | | $(6) | | $(35) |
Table 120 after “In the table above, the following income tax expense (benefit) are excluded from income taxes:”
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| 2019 | 2018 | | 2017 | |
| Reconciliation of Income Tax Expense (Benefit) | | | | | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $453 | | $480 | | $669 |
| Increase (decrease) due to: | | | | | |
| State income taxes, net of federal income tax benefit (a) | 45 | | 40 | | 46 |
| Valuation allowance adjustments (b) | 22 | | 21 | | 36 |
| Impact of lower U.K. income tax rates (c) | (25) | | (25) | | (176) |
| U.S. income tax on foreign earnings - net of foreign tax credit (a)(d) | 2 | | 3 | | 47 |
First 8 of 20 rows. The CSV has all of them.
Table 121 after “In 2018, PPL recorded deferred income tax expense, primarily associated with LKE’s non-regulated entities, due to the Kentucky corporate inc”
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| 2019 | 2018 | | 2017 | |
| Taxes, other than income | | | | | |
| State gross receipts | $107 | | $103 | | $102 |
| State capital stock | — | | — | | (6) |
| Foreign property | 127 | | 134 | | 127 |
| Domestic Other | 79 | | 75 | | 69 |
| Total | $313 | | $312 | | $292 |
Table 122 after “Significant components of PPL Electric's deferred income tax assets and liabilities were as follows:”
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| 2019 | 2018 | |
| Deferred Tax Assets | | | |
| Accrued pension and postretirement costs | $81 | | $110 |
| Contributions in aid of construction | 88 | | 118 |
| Regulatory liabilities | 31 | | 35 |
| Income taxes due to customers | 170 | | 181 |
| State loss carryforwards | 6 | | 14 |
| Federal loss carryforwards | 78 | | 79 |
First 8 of 10 rows. The CSV has all of them.
| 2019 | 2018 | |
| Deferred Tax Liabilities | | | |
| Electric utility plant - net | 1,761 | | 1,681 |
| Regulatory assets | 139 | | 176 |
| Other | 24 | | 25 |
| Total deferred tax liabilities | 1,924 | | 1,882 |
| Net deferred tax liability | $1,447 | | $1,320 |
Table 124 after “, PPL Electric had the following loss carryforwards and related deferred tax assets:”
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| Gross | Deferred Tax Asset | | Expiration | |
| Loss carryforwards | | | | | |
| Federal net operating losses | $363 | | $76 | | 2032-2037 |
| Federal charitable contributions | 9 | | 2 | | 2020-2024 |
| State net operating losses | 81 | | 6 | | 2031-2032 |
Table 125 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Income Tax Expense (Benefit) | | | | | |
| Current - Federal | $44 | | $2 | | $(65) |
| Current - State | 15 | | 9 | | 20 |
| Total Current Expense (Benefit) | 59 | | 11 | | (45) |
| Deferred - Federal (a) | 51 | | 96 | | 234 |
| Deferred - State | 39 | | 37 | | 29 |
| Total Deferred Expense (Benefit), excluding operating loss carryforwards | 90 | | 133 | | 263 |
First 8 of 15 rows. The CSV has all of them.
Table 126 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Reconciliation of Income Tax Expense (Benefit) | | | | | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $127 | | $119 | | $201 |
| Increase (decrease) due to: | | | | | |
| State income taxes, net of federal income tax benefit (a) | 47 | | 43 | | 36 |
| Depreciation and other items not normalized | (10) | | (11) | | (8) |
| Amortization of excess deferred federal income taxes (b) | (18) | | (17) | | — |
| Deferred tax impact of U.S. tax reform (c) | — | | — | | (13) |
First 8 of 12 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Taxes, other than income | | | | | |
| State gross receipts | $107 | | $103 | | $102 |
| Property and other | 5 | | 6 | | 5 |
| Total | $112 | | $109 | | $107 |
Table 128 after “Significant components of LKE's deferred income tax assets and liabilities were as follows:”
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| 2019 | 2018 | |
| Deferred Tax Assets | | | |
| Federal loss carryforwards | $140 | | $142 |
| State loss carryforwards | 31 | | 33 |
| Federal tax credit carryforwards | 162 | | 169 |
| Contributions in aid of construction | 23 | | 21 |
| Regulatory liabilities | 44 | | 52 |
| Accrued pension and postretirement costs | 71 | | 92 |
First 8 of 22 rows. The CSV has all of them.
Table 129 after “, LKE had the following loss and tax credit carryforwards, related deferred tax assets, and valuation allowances recorded against the deferr”
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| Gross | Deferred Tax Asset | | Valuation Allowance | Expiration | |
| Loss carryforwards | | | | | | |
| Federal net operating losses | $668 | | $140 | | $— | 2032 - 2037 |
| Federal charitable contributions | 23 | | 5 | | — | 2020 - 2024 |
| State net operating losses | 797 | | 31 | | — | 2029 - 2038 |
| Gross | Deferred Tax Asset | Valuation Allowance | | Expiration | |
| Credit carryforwards | | | | | | |
| Federal investment tax credit | | 133 | | — | | 2025 - 2028, 2036 - 2039 |
| Federal alternative minimum tax credit (a) | | 7 | | — | | Indefinite |
| Federal - other | | 22 | | (6) | | 2020-2039 |
| State - recycling credit | | 18 | | — | | 2028 |
| State - other | | 1 | | — | | Indefinite |
Table 131 after “Changes in deferred tax valuation allowances were:”
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| Balance atBeginningof Period | Additions | | Deductions | Balanceat Endof Period | | |
| 2019 | $8 | | $3 | | $5 | (a) | $6 |
| 2018 | 8 | | — | | — | | 8 |
| 2017 | 11 | | 4 | | 7 | (a) | 8 |
Table 132 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Income Tax Expense (Benefit) | | | | | |
| Current - Federal | $20 | | $31 | | $74 |
| Current - State | — | | 4 | | 6 |
| Total Current Expense (Benefit) | 20 | | 35 | | 80 |
| Deferred - Federal (a) | 81 | | 65 | | 268 |
| Deferred - State (b) | 5 | | 34 | | 32 |
| Total Deferred Expense (Benefit), excluding benefits of operating loss carryforwards | 86 | | 99 | | 300 |
First 8 of 16 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Reconciliation of Income Tax Expense (Benefit) | | | | | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $120 | | $121 | | $242 |
| Increase (decrease) due to: | | | | | |
| State income taxes, net of federal income tax benefit | 23 | | 22 | | 26 |
| Amortization of investment tax credit | (3) | | (3) | | (3) |
| Amortization of excess deferred federal and state income taxes (b) | (23) | | (20) | | (2) |
| Deferred tax impact of U.S. tax reform (c) | — | | — | | 112 |
First 8 of 14 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Taxes, other than income | | | | | |
| Property and other | $74 | | $70 | | $65 |
| Total | $74 | | $70 | | $65 |
Table 135 after “Significant components of LG&E's deferred income tax assets and liabilities were as follows:”
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| 2019 | 2018 | |
| Deferred Tax Assets | | | |
| Contributions in aid of construction | $15 | | $14 |
| Regulatory liabilities | 19 | | 24 |
| Accrued pension and postretirement costs | 6 | | 16 |
| Deferred investment tax credits | 8 | | 9 |
| Income taxes due to customers | 136 | | 139 |
| State tax credit carryforwards | 14 | | — |
First 8 of 12 rows. The CSV has all of them.
| 2019 | 2018 | |
| Deferred Tax Liabilities | | | |
| Plant - net | 811 | | 751 |
| Regulatory assets | 77 | | 88 |
| Lease right-of-use assets | 4 | | — |
| Other | 4 | | 6 |
| Total deferred tax liabilities | 896 | | 845 |
| Net deferred tax liability | $697 | | $628 |
Table 137 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Income Tax Expense (Benefit) | | | | | |
| Current - Federal | $4 | | $— | | $— |
| Current - State | 4 | | 4 | | 5 |
| Total Current Expense (Benefit) | 8 | | 4 | | 5 |
| Deferred - Federal | 46 | | 51 | | 112 |
| Deferred - State | 10 | | 10 | | 14 |
| Total Deferred Expense (Benefit), excluding benefits of operating loss carryforwards | 56 | | 61 | | 126 |
First 8 of 16 rows. The CSV has all of them.
Table 138 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Reconciliation of Income Tax Expense (Benefit) | | | | | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $62 | | $62 | | $120 |
| Increase (decrease) due to: | | | | | |
| State income taxes, net of federal income tax benefit | 12 | | 11 | | 14 |
| Amortization of excess deferred federal and state income taxes (b) | (10) | | (8) | | (1) |
| Kentucky recycling credit, net of federal income tax expense (c) | (14) | | — | | — |
| Valuation allowance adjustments (c) | 14 | | — | | — |
First 8 of 12 rows. The CSV has all of them.
Table 139 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Taxes, other than income | | | | | |
| Property and other | $39 | | $36 | | $33 |
| Total | $39 | | $36 | | $33 |
Table 140 after “Significant components of KU's deferred income tax assets and liabilities were as follows:”
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| 2019 | 2018 | |
| Deferred Tax Assets | | | |
| Contributions in aid of construction | $8 | | $7 |
| Regulatory liabilities | 25 | | 28 |
| Accrued pension and postretirement costs | — | | 7 |
| Deferred investment tax credits | 23 | | 23 |
| Income taxes due to customers | 156 | | 160 |
| State tax credit carryforwards | 5 | | — |
First 8 of 20 rows. The CSV has all of them.
Table 141 after “Details of the components of income tax expense, a reconciliation of federal income taxes derived from statutory tax rates applied to "Incom”
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| 2019 | 2018 | | 2017 | |
| Income Tax Expense (Benefit) | | | | | |
| Current - Federal | $35 | | $22 | | $— |
| Current - State | 5 | | 6 | | 7 |
| Total Current Expense (Benefit) | 40 | | 28 | | 7 |
| Deferred - Federal | 28 | | 40 | | 138 |
| Deferred - State | 13 | | 10 | | 16 |
| Total Deferred Expense (Benefit) | 41 | | 50 | | 154 |
First 8 of 13 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Reconciliation of Income Tax Expense (Benefit) | | | | | |
| Federal income tax on Income Before Income Taxes at statutory tax rate (a) | $78 | | $76 | | $146 |
| Increase (decrease) due to: | | | | | |
| State income taxes, net of federal income tax benefit | 15 | | 13 | | 15 |
| Amortization of investment tax credit | (2) | | (2) | | (2) |
| Amortization of excess deferred federal and state income taxes (b) | (13) | | (12) | | (1) |
| Kentucky recycling credit, net of federal income tax expense (c) | (4) | | — | | — |
First 8 of 13 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Taxes, other than income | | | | | |
| Property and other | $35 | | $34 | | $32 |
| Total | $35 | | $34 | | $32 |
Table 144 after “, these jurisdictions, as well as the tax years that are no longer subject to examination, were as follows.”
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| PPL | PPL Electric | LKE | LG&E | KU |
| U.S. (federal) | 2015 and prior | 2015 and prior | 2015 and prior | 2015 and prior | 2015 and prior |
| Pennsylvania (state) (a) | 2015 and prior | 2015 and prior | | | |
| Kentucky (state) | 2014 and prior | | 2014 and prior | 2014 and prior | 2014 and prior |
| U.K. (foreign) | 2015 and prior | | | | |
Table 145 after “The Balance Sheets at December 31, 2017 reflected the increase to the Registrants' net regulatory liabilities as a result of the TCJA as fol”
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| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Net Increase in Regulatory Liabilities | $2,185 | | $1,019 | | $1,166 | | $532 | $634 |
Table 146 after “The final amounts reported in PPL's 2017 federal income tax return, provisional amounts for the year ended December 31, 2017, the related me”
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| Taxable Income (Loss) (a) | | | | |
| Adjustments per 2017 Tax Return | Adjustments per 2017 Tax Provision | | 2018 Adjustments | |
| PPL | | | | | |
| Deemed Dividend | $397 | | $462 | | $(65) |
| Bonus Depreciation (b) | (67) | | — | | (67) |
| Consolidated Federal Net Operating Loss due to the TCJA (c) | (330) | | (462) | | 132 |
| Total | $— | | $— | | $— |
| PPL Electric | | | | | |
First 8 of 23 rows. The CSV has all of them.
| Income Tax Expense (Benefit) | | | | |
| Adjustments per 2017 Tax Return | Adjustments per 2017 Tax Provision | | 2018 Adjustments | |
| PPL | | | | | |
| Deemed Dividend | $139 | | $161 | | $(22) |
| Foreign Tax Credits | (157) | | (205) | | 48 |
| Valuation of Foreign Tax Credit Carryforward | 110 | | 145 | | (35) |
| Reduction in U.S. federal income tax rate | 229 | | 220 | | 9 |
| Total | $321 | | $321 | | $— |
First 8 of 12 rows. The CSV has all of them.
| PPL | PPL Electric | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
| Current Regulatory Assets: | | | | | | |
| Gas supply clause | $8 | | $12 | | $— | $— |
| Smart meter rider | 13 | | 11 | | 13 | 11 |
| Plant outage costs | 32 | | 10 | | — | — |
| Transmission formula rate | — | | — | | 3 | — |
| Transmission service charge | 10 | | — | | 10 | — |
First 8 of 21 rows. The CSV has all of them.
| PPL | PPL Electric | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
| Current Regulatory Liabilities: | | | | | | |
| Generation supply charge | $23 | | $33 | | $23 | $33 |
| Transmission service charge | — | | — | | — | 3 |
| Environmental cost recovery | 5 | | 16 | | — | — |
| Universal service rider | 9 | | 27 | | 9 | 27 |
| Transmission formula rate | — | | — | | — | 3 |
First 8 of 23 rows. The CSV has all of them.
| LKE | LG&E | | KU | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | | |
| Current Regulatory Assets: | | | | | | | | | | |
| Plant outage costs | $32 | | $10 | | $16 | | $7 | | $16 | $3 |
| Gas supply clause | 8 | | 12 | | 8 | | 12 | | — | — |
| Other | 1 | | 3 | | 1 | | 2 | | — | 1 |
| Total current regulatory assets | $41 | | $25 | | $25 | | $21 | | $16 | $4 |
| Noncurrent Regulatory Assets: | | | | | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| LKE | LG&E | | KU | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | | |
| Current Regulatory Liabilities: | | | | | | | | | | |
| Environmental cost recovery | $5 | | $16 | | $1 | | $6 | | $4 | $10 |
| Fuel adjustment clauses | 8 | | — | | — | | — | | 8 | — |
| TCJA customer refund | 2 | | 17 | | — | | 7 | | 2 | 10 |
| Generation formula rate | 1 | | 7 | | — | | — | | 1 | 7 |
| Other | 3 | | 8 | | 1 | | 4 | | 2 | 4 |
First 8 of 17 rows. The CSV has all of them.
Table 152 after “The following credit facilities were in place at:”
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| December 31, 2019 | December 31, 2018 | | | | | | | | | | | | | | | | |
| ExpirationDate | Capacity | | Borrowed | | Letters ofCreditandCommercialPaperIssued | | Unused Capacity | Borrowed | | Letters ofCreditandCommercialPaperIssued | | | | | | | |
| PPL | | | | | | | | | | | | | | | | | | |
| U.K. | | | | | | | | | | | | | | | | | | |
| WPD plc | | | | | | | | | | | | | | | | | | |
| Syndicated Credit Facility (a)(b)(c) | Jan. 2023 | £ | 210 | | | £ | 155 | | £ | — | | £ | 55 | | £ | 157 | £ | — |
| WPD (South West) | | | | | | | | | | | | | | | | | | |
| Syndicated Credit Facility (a)(b)(c) | July 2021 | 245 | | | 40 | | | — | | 205 | | — | | — | | | | |
First 8 of 21 rows. The CSV has all of them.
| December 31, 2019 | December 31, 2018 | | | | | | | | | |
| ExpirationDate | Capacity | Borrowed | | Letters ofCreditandCommercialPaperIssued | Unused Capacity | Borrowed | | Letters ofCreditandCommercialPaperIssued | | |
| LG&E | | | | | | | | | | | |
| Syndicated Credit Facility (c) (d) | Jan 2024 | $500 | | $— | | $238 | | $262 | | $— | $279 |
| Term Loan Credit Facility (c) (e) | | — | | — | | — | | — | | 200 | — |
| Total LG&E Credit Facilities | | $500 | | $— | | $238 | | $262 | | $200 | $279 |
| KU | | | | | | | | | | | |
| Syndicated Credit Facility (c) (d) | Jan 2024 | $400 | | $— | | $150 | | $250 | | $— | $235 |
First 8 of 10 rows. The CSV has all of them.
Table 154 after “The following commercial paper programs were in place at:”
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| December 31, 2019 | December 31, 2018 | | | | | | | |
| Weighted - Average Interest Rate | Capacity | Commercial Paper Issuances | | Unused Capacity | Weighted - Average Interest Rate | Commercial Paper Issuances | | |
| PPL Capital Funding | 2.13% | $1,500 | | $450 | | $1,050 | | 2.82% | $669 |
| PPL Electric | | 650 | | — | | 650 | | | — |
| LG&E | 2.07% | 350 | | 238 | | 112 | | 2.94% | 279 |
| KU | 2.02% | 350 | | 150 | | 200 | | 2.94% | 235 |
| Total | | $2,850 | | $838 | | $2,012 | | | $1,183 |
| | | | December 31, | | | | |
| Weighted-Average Rate (g) | Maturities (g) | | 2019 | | 2018 | | |
| PPL | | | | | | | | |
| U.S. | | | | | | | | |
| Senior Unsecured Notes | 3.88% | | 2020 - 2047 | | $4,325 | | | $4,325 |
| Senior Secured Notes/First Mortgage Bonds (a) (b) (c) | 3.95% | | 2020 - 2049 | | 8,705 | | | 7,705 |
| Junior Subordinated Notes | 5.24% | | 2067 - 2073 | | 930 | | | 930 |
| Term Loan Credit Facility | | | 2019 | | — | | | 200 |
First 8 of 41 rows. The CSV has all of them.
| | | | December 31, | | | | |
| Weighted-Average Rate (g) | Maturities (g) | | 2019 | | 2018 | | |
| LG&E | | | | | | | | |
| Term Loan Credit Facility | | | | | $— | | | $200 |
| First Mortgage Bonds (a) (c) | 3.73% | | 2025 - 2049 | | 2,024 | | | 1,624 |
| Total Long-term Debt Before Adjustments | | | | 2,024 | | | 1,824 | |
| Unamortized discount | | | | (4) | | | (4) | |
| Unamortized debt issuance costs | | | | (15) | | | (11) | |
First 8 of 20 rows. The CSV has all of them.
Table 157 after “The aggregate maturities of long-term debt, based on stated maturities or earlier put dates, for the periods 2020 through 2024 and thereafte”
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| PPL | PPLElectric | | LKE | LG&E | KU | | |
| 2020 | $1,169 | | $— | | $975 | | $— | $500 |
| 2021 | 1,574 | | 400 | | 674 | | 292 | 132 |
| 2022 | 1,274 | | 474 | | — | | — | — |
| 2023 | 2,254 | | 90 | | 13 | | — | 13 |
| 2024 | 932 | | — | | — | | — | — |
| Thereafter | 14,799 | | 3,075 | | 4,379 | | 1,732 | 1,997 |
| Total | $22,002 | | $4,039 | | $6,041 | | $2,024 | $2,642 |
| PPL | LKE | | LG&E | KU | |
| Lease cost: | | | | | | |
| Operating lease cost | $33 | | $25 | | $12 | $13 |
| Short-term lease cost | 7 | | 2 | | 1 | 1 |
| Total lease cost | $40 | | $27 | | $13 | $14 |
| PPL | LKE | | LG&E | KU | |
| Cash paid for amounts included in the measurement of lease liabilities: | | | | | | |
| Operating cash flows from operating leases | $29 | | $21 | | $9 | $11 |
| Right-of-use asset obtained in exchange for new operating lease liabilities | 46 | | 16 | | 5 | 11 |
| PPL | LKE | | LG&E | KU | |
| 2020 | $29 | | $18 | | $7 | $11 |
| 2021 | 22 | | 13 | | 5 | 8 |
| 2022 | 17 | | 9 | | 4 | 5 |
| 2023 | 15 | | 7 | | 3 | 4 |
| 2024 | 12 | | 6 | | 2 | 4 |
| Thereafter | 27 | | 8 | | 3 | 4 |
| Total | $122 | | $61 | | $24 | $36 |
First 8 of 13 rows. The CSV has all of them.
Table 161 after “At December 31, 2018, the total future minimum rental payments for all operating leases were estimated to be:”
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| PPL | LKE | | LG&E | KU | |
| 2019 | $26 | | $20 | | $10 | $10 |
| 2020 | 21 | | 15 | | 6 | 9 |
| 2021 | 15 | | 11 | | 4 | 7 |
| 2022 | 13 | | 7 | | 3 | 4 |
| 2023 | 8 | | 6 | | 3 | 3 |
| Thereafter | 33 | | 11 | | 4 | 6 |
| Total | $116 | | $70 | | $30 | $39 |
| PPL | LKE | | LG&E | KU | |
| 2020 | $13 | | $7 | | $— | $7 |
| 2021 | 11 | | 5 | | — | 5 |
| 2022 | 5 | | — | | — | — |
| 2023 | 5 | | 1 | | — | — |
| 2024 | 3 | | — | | — | — |
| Thereafter | 12 | | — | | — | — |
| Total | $49 | | $13 | | $— | $12 |
First 8 of 9 rows. The CSV has all of them.
Table 163 after “The following table details the award limits under each of the Plans.”
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| Total Plan | Annual Grant LimitTotal As % ofOutstanding | | Annual Grant | | Annual Grant LimitFor Individual Participants -Performance Based Awards | | |
| AwardLimit | PPL Common StockOn First Day of | | LimitOptions | | For awardsdenominated in | For awardsdenominated in | |
| Plan | (Shares) | Each Calendar Year | | (Shares) | | shares (Shares) | cash (in dollars) | |
| SIP | 15,000,000 | | | | 2,000,000 | | 750,000 | $15,000,000 |
| ICPKE | 14,199,796 | | 2% | | | 3,000,000 | | |
| 2019 | 2018 | | 2017 | |
| PPL | $31.95 | | $30.58 | | $35.30 |
| PPL Electric | 32.33 | | 30.00 | | 35.45 |
| LKE | 30.65 | | 30.98 | | 35.25 |
| RestrictedShares/Units | Weighted-AverageGrant Date FairValue Per Share | |
| PPL | | | |
| Nonvested, beginning of period | 1,098,203 | | $33.45 |
| Granted | 479,428 | | 31.95 |
| Vested | (429,258) | | 33.64 |
| Forfeited | (10,688) | | 31.53 |
| Nonvested, end of period | 1,137,685 | | 32.76 |
| PPL Electric | | | |
First 8 of 19 rows. The CSV has all of them.
Table 166 after “The total fair value of restricted stock units vesting for the years ended December 31 was:”
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| 2019 | 2018 | | 2017 | |
| PPL | $13 | | $16 | | $20 |
| PPL Electric | 2 | | 2 | | 3 |
| LKE | 1 | | 5 | | 4 |
Table 167 after “The weighted-average assumptions used in the model were:”
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| 2019 | 2018 | | 2017 | |
| Expected stock volatility | 17.57% | | 17.60% | | 17.40% |
| Expected life | 3 years | | 3 years | | 3 years |
Table 168 after “The weighted-average grant date fair value of TSR performance units granted was:”
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| 2019 | 2018 | | 2017 | |
| PPL | $35.83 | | $38.26 | | $38.38 |
| PPL Electric | 35.68 | | 38.37 | | 38.37 |
| LKE | 35.93 | | 38.32 | | 38.24 |
| TSR Performance Units | Weighted-Average GrantDate Fair ValuePer Share | |
| PPL | | | |
| Nonvested, beginning of period | 840,124 | | $37.89 |
| Granted | 250,734 | | 35.83 |
| Forfeited (a) | (351,466) | | 37.24 |
| Nonvested, end of period | 739,392 | | 37.50 |
| PPL Electric | | | |
| Nonvested, beginning of period | 67,863 | | $37.86 |
First 8 of 16 rows. The CSV has all of them.
Table 170 after “The weighted-average grant date fair value of ROE performance units granted was:”
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| 2019 | 2018 | | 2017 | |
| PPL | $30.89 | | $32.21 | | $32.42 |
| PPL Electric | 30.76 | | 32.32 | | 34.41 |
| LKE | 30.99 | | 32.28 | | 34.29 |
| ROE Performance Unit | Weighted-Average GrantDate Fair ValuePer Share | |
| PPL | | | |
| Nonvested, beginning of period | 328,958 | | $32.86 |
| Granted | 241,807 | | 30.89 |
| Nonvested, end of period | 570,765 | | 32.02 |
| PPL Electric | | | |
| Nonvested, beginning of period | 25,960 | | $32.96 |
| Granted | 23,234 | | 30.76 |
First 8 of 13 rows. The CSV has all of them.
| Numberof Options | WeightedAverageExercisePrice Per Share | | Weighted-AverageRemainingContractualTerm (years) | AggregateTotal IntrinsicValue | |
| PPL | | | | | | |
| Outstanding at beginning of period | 2,914,525 | | $26.26 | | | |
| Exercised | (1,578,554) | | 26.31 | | | |
| Forfeited | (5,028) | | 28.77 | | | |
| Outstanding and exercisable at end of period | 1,330,943 | | 26.20 | | 2.5 | $13 |
Table 173 after “Compensation expense for restricted stock, restricted stock units, performance units and stock options accounted for as equity awards, which”
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| 2019 | 2018 | | 2017 | |
| PPL | $35 | | $25 | | $32 |
| PPL Electric | 12 | | 10 | | 18 |
| LKE | 9 | | 8 | | 8 |
Table 174 after “The income tax benefit related to above compensation expense was as follows:”
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| 2019 | 2018 | | 2017 | |
| PPL | $10 | | $10 | | $13 |
| PPL Electric | 3 | | 3 | | 8 |
| LKE | 2 | | 2 | | 3 |
Table 175 after “, unrecognized compensation expense related to nonvested stock awards was:”
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| UnrecognizedCompensationExpense | Weighted-AveragePeriod forRecognition | |
| PPL | $14 | | 1.9 |
| PPL Electric | 3 | | 2.2 |
| LKE | 1 | | 1.5 |
Table 176 after “The following table provides the components of net periodic defined benefit costs (credits) for PPL's domestic (U.S.) and WPD's (U.K.) pensi”
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| Pension Benefits | | | | | | | | | | | | | | |
| U.S. | U.K. | | Other Postretirement Benefits | | | | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | | |
| Net periodic defined benefit costs (credits): | | | | | | | | | | | | | | | |
| Service cost | $50 | | $62 | | $65 | | $68 | | $82 | | $76 | | $6 | $7 | $7 |
| Interest cost | 164 | | 156 | | 168 | | 187 | | 185 | | 178 | | 22 | 21 | 23 |
| Expected return on plan assets | (245) | | (249) | | (231) | | (588) | | (587) | | (514) | | (18) | (23) | (22) |
| Amortization of: | | | | | | | | | | | | | | | |
First 8 of 23 rows. The CSV has all of them.
Table 177 after “For PPL's U.S. pension benefits and for other postretirement benefits, the amounts recognized in OCI and regulatory assets/liabilities for t”
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| U.S. Pension Benefits | Other Postretirement Benefits | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | |
| OCI | $(194) | | $90 | | $(53) | | $(13) | | $20 | $(25) |
| Regulatory assets/liabilities | 10 | | (26) | | (1) | | (5) | | (11) | 5 |
| Total recognized in OCI andregulatory assets/liabilities | $(184) | | $64 | | $(54) | | $(18) | | $9 | $(20) |
Table 178 after “The following table provides the components of net periodic defined benefit costs for LKE's pension and other postretirement benefit plans f”
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| Pension Benefits | Other Postretirement Benefits | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | |
| Net periodic defined benefit costs (credits): | | | | | | | | | | |
| Service cost | $22 | | $25 | | $24 | | $4 | | $4 | $4 |
| Interest cost | 66 | | 63 | | 68 | | 8 | | 8 | 9 |
| Expected return on plan assets | (101) | | (102) | | (92) | | (8) | | (9) | (7) |
| Amortization of: | | | | | | | | | | |
| Prior service cost | 8 | | 9 | | 8 | | 1 | | 1 | 1 |
First 8 of 18 rows. The CSV has all of them.
Table 179 after “For LKE's pension and other postretirement benefits, the amounts recognized in OCI and regulatory assets/liabilities for the years ended Dec”
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| Pension Benefits | Other Postretirement Benefits | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | |
| OCI | $13 | | $(25) | | $33 | | $(7) | | $4 | $(2) |
| Regulatory assets/liabilities | (78) | | 21 | | (36) | | (7) | | (4) | (5) |
| Total recognized in OCI andregulatory assets/liabilities | $(65) | | $(4) | | $(3) | | $(14) | | $— | $(7) |
| Pension Benefits | | | | |
| 2019 | 2018 | | 2017 | |
| Net periodic defined benefit costs (credits): | | | | | |
| Service cost | $1 | | $1 | | $1 |
| Interest cost | 11 | | 12 | | 13 |
| Expected return on plan assets | (21) | | (22) | | (22) |
| Amortization of: | | | | | |
| Prior service cost | 5 | | 5 | | 5 |
First 8 of 18 rows. The CSV has all of them.
Table 181 after “The following net periodic defined benefit costs (credits) were charged to expense or regulatory assets, excluding amounts charged to constr”
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| Pension Benefits | | | | | | | | | | | | | | |
| U.S. | U.K. | | Other Postretirement Benefits | | | | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | | |
| PPL | $18 | | $40 | | $59 | | $(287) | | $(226) | | $(151) | | $8 | $2 | $5 |
| PPL Electric (a) | (4) | | 4 | | 12 | | | | | | | | 4 | (1) | — |
| LKE (b) | 12 | | 21 | | 28 | | | | | | | | 2 | 3 | 5 |
| LG&E (b) | 3 | | 4 | | 8 | | | | | | | | 2 | 2 | 3 |
| KU (a) (b) | (1) | | 2 | | 4 | | | | | | | | — | 1 | 1 |
Table 182 after “for additional information on costs allocated to LG&E from LKS. These allocations are based on LG&E's participation in those plans, which ma”
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| Pension Benefits | Other Postretirement Benefits | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | |
| LG&E Non-Union Only | $— | | $2 | | $5 | | $2 | | $2 | $3 |
Table 183 after “The following weighted-average assumptions were used in the valuation of the benefit obligations at December 31. The U.K. pension benefits a”
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| Pension Benefits | | | | | | | | | |
| U.S. | U.K. | | Other Postretirement Benefits | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | | |
| PPL | | | | | | | | | | |
| Discount rate | 3.64% | | 4.35% | | 1.94% | | 2.98% | | 3.60% | 4.31% |
| Rate of compensation increase | 3.79% | | 3.79% | | 3.25% | | 3.50% | | 3.76% | 3.76% |
| LKE | | | | | | | | | | |
| Discount rate | 3.62% | | 4.35% | | | | | | 3.59% | 4.32% |
First 8 of 11 rows. The CSV has all of them.
Table 184 after “The following weighted-average assumptions were used to determine the net periodic defined benefit costs for the years ended December 31. Th”
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| Pension Benefits | | | | | | | | | | | | | | |
| U.S. | U.K. | | Other Postretirement Benefits | | | | | | | | | | | |
| 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | 2019 | 2018 | | 2017 | | | |
| PPL | | | | | | | | | | | | | | | |
| Discount rate service cost | 4.35% | | 3.70% | | 4.21% | | 3.12% | | 2.73% | | 2.99% | | 4.31% | 3.64% | 4.11% |
| Discount rate interest cost | 4.35% | | 3.70% | | 4.21% | | 2.62% | | 2.31% | | 2.41% | | 4.31% | 3.64% | 4.11% |
| Rate of compensation increase | 3.79% | | 3.78% | | 3.95% | | 3.50% | | 3.50% | | 3.50% | | 3.76% | 3.75% | 3.92% |
| Expected return on plan assets | 7.25% | | 7.25% | | 7.00% | | 7.21% | | 7.23% | | 7.22% | | 6.46% | 6.40% | 6.21% |
First 8 of 15 rows. The CSV has all of them.
Table 185 after “The following table provides the assumed health care cost trend rates for the years ended December 31:”
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| 2019 | 2018 | | 2017 | |
| PPL and LKE | | | | | |
| Health care cost trend rate assumed for next year | | | | | |
| – obligations | 6.6% | | 6.6% | | 6.6% |
| – cost | 6.6% | | 6.6% | | 7.0% |
| Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | | | | | |
| – obligations | 5.0% | | 5.0% | | 5.0% |
| – cost | 5.0% | | 5.0% | | 5.0% |
First 8 of 11 rows. The CSV has all of them.
Table 186 after “The funded status of PPL's plans at December 31 was as follows:”
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| Pension Benefits | | | | | | | | | |
| U.S. | U.K. | | Other Postretirement Benefits | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | | |
| Change in Benefit Obligation | | | | | | | | | | |
| Benefit Obligation, beginning of period | $3,883 | | $4,288 | | $7,275 | | $8,219 | | $538 | $589 |
| Service cost | 50 | | 62 | | 68 | | 82 | | 6 | 7 |
| Interest cost | 164 | | 156 | | 187 | | 185 | | 22 | 21 |
| Participant contributions | — | | — | | 12 | | 13 | | 14 | 13 |
First 8 of 31 rows. The CSV has all of them.
| Pension Benefits | | | | | | | | | |
| U.S. | U.K. | | Other Postretirement Benefits | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | | |
| Amounts recognized in AOCI and regulatory assets/liabilities (pre-tax) consist of: | | | | | | | | | | |
| Prior service cost (credit) | $34 | | $40 | | $11 | | $12 | | $10 | $10 |
| Net actuarial (gain) loss | 1,029 | | 1,207 | | 3,435 | | 2,806 | | 6 | 24 |
| Total (b) | $1,063 | | $1,247 | | $3,446 | | $2,818 | | $16 | $34 |
| Total accumulated benefit obligationfor defined benefit pension plans | $3,910 | | $3,668 | | $7,821 | | $6,689 | | | |
Table 188 after “For PPL's U.S. pension and other postretirement benefit plans, the amounts recognized in AOCI and regulatory assets/liabilities at December ”
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| U.S. Pension Benefits | Other Postretirement Benefits | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
| AOCI | $352 | | $370 | | $13 | $21 |
| Regulatory assets/liabilities | 711 | | 877 | | 3 | 13 |
| Total | $1,063 | | $1,247 | | $16 | $34 |
Table 189 after “The following tables provide information on pension plans where the projected benefit obligation (PBO) or accumulated benefit obligation (AB”
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| U.S. | U.K. | | | | |
| PBO in excess of plan assets | PBO in excess of plan assets | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
| Projected benefit obligation | $3,861 | | $3,883 | | $10 | $9 |
| Fair value of plan assets | 3,275 | | 3,109 | | — | — |
| U.S. | U.K. | | | | |
| ABO in excess of plan assets | ABO in excess of plan assets | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
First 8 of 10 rows. The CSV has all of them.
Table 190 after “The funded status of LKE's plans at December 31 was as follows:”
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| Pension Benefits | Other Postretirement Benefits | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
| Change in Benefit Obligation | | | | | | |
| Benefit Obligation, beginning of period | $1,580 | | $1,771 | | $205 | $223 |
| Service cost | 22 | | 25 | | 4 | 4 |
| Interest cost | 66 | | 63 | | 8 | 8 |
| Participant contributions | — | | — | | 7 | 8 |
| Plan amendments | 2 | | — | | — | — |
First 8 of 31 rows. The CSV has all of them.
Table 191 after “The amounts recognized in AOCI and regulatory assets/liabilities at December 31 were as follows:”
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| Pension Benefits | Other Postretirement Benefits | | | | |
| 2019 | 2018 | | 2019 | 2018 | |
| AOCI | $132 | | $118 | | $4 | $10 |
| Regulatory assets/liabilities | 278 | | 356 | | (31) | (23) |
| Total | $410 | | $474 | | $(27) | $(13) |
Table 192 after “The following tables provide information on pension plans where the projected benefit obligation (PBO) or accumulated benefit obligations (A”
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| PBO in excess of plan assets | | |
| 2019 | 2018 | |
| Projected benefit obligation | $1,398 | | $1,580 |
| Fair value of plan assets | 1,160 | | 1,294 |
| ABO in excess of plan assets | | |
| 2019 | 2018 | |
| Accumulated benefit obligation | $1,276 | | $1,467 |
| Fair value of plan assets | 1,160 | | 1,294 |
Table 193 after “The funded status of LG&E's plan at December 31, was as follows:”
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| Pension Benefits | | |
| 2019 | 2018 | |
| Change in Benefit Obligation | | | |
| Benefit Obligation, beginning of period | $285 | | $326 |
| Service cost | 1 | | 1 |
| Interest cost | 11 | | 12 |
| Actuarial (gain) loss | 25 | | (24) |
| Gross benefits paid (a) | (36) | | (30) |
First 8 of 24 rows. The CSV has all of them.
| 2019 | 2018 | |
| Pension | $(7) | | $7 |
| Other postretirement benefits | 63 | | 65 |
Table 195 after “Allocations to PPL Electric resulted in liabilities at December 31 as follows:”
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| 2019 | 2018 | |
| Pension | $179 | | $285 |
| Other postretirement benefits | 122 | | 120 |
Table 196 after “Allocations to KU resulted in (assets)/liabilities at December 31 as follows.”
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| 2019 | 2018 | |
| Pension | $(31) | | $1 |
| Other postretirement benefits | 16 | | 25 |
Table 197 after “The asset allocation for the trust and the target allocation by portfolio at December 31 are as follows:”
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| Percentage of trust assets | 2019 | | | |
| 2019 (a) | 2018 (a) | | Target AssetAllocation (a) | |
| Growth Portfolio | 57% | | 55% | | 55% |
| Equity securities | 34% | | 30% | | |
| Debt securities (b) | 14% | | 15% | | |
| Alternative investments | 9% | | 10% | | |
| Immunizing Portfolio | 42% | | 43% | | 43% |
| Debt securities (b) | 35% | | 39% | | |
First 8 of 11 rows. The CSV has all of them.
Table 198 after “The fair value of net assets in the Master Trust by asset class and level within the fair value hierarchy was:”
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| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| | Fair Value Measurements Using | | | Fair Value Measurements Using | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| PPL Services Corporation Master Trust | | | | | | | | | | | | | |
| Cash and cash equivalents | $182 | | $182 | | $— | | $— | | $220 | | $220 | $— | $— |
| Equity securities: | | | | | | | | | | | | | |
| U.S. Equity | 194 | | 194 | | — | | — | | 159 | | 159 | — | — |
| U.S. Equity fund measured at NAV (a) | 451 | | — | | — | | — | | 340 | | — | — | — |
First 8 of 18 rows. The CSV has all of them.
| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| | Fair Value Measurements Using | | | Fair Value Measurements Using | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Derivatives | 3 | | — | | 3 | | — | | 33 | | — | 33 | — |
| Insurance contracts | 4 | | — | | — | | 4 | | 21 | | — | — | 21 |
| PPL Services Corporation Master Trust assets, atfair value | 3,628 | | $685 | | $949 | | $24 | | 3,240 | | $591 | $924 | $46 |
| Receivables and payables, net (b) | 99 | | | | | | | | (2) | | | | |
| 401(h) accounts restricted for otherpostretirement benefit obligations | (142) | | | | | | | | (129) | | | | |
First 8 of 9 rows. The CSV has all of them.
| Corporatedebt | Insurancecontracts | | Total | |
| Balance at beginning of period | $25 | | $21 | | $46 |
| Actual return on plan assets | | | | | |
| Relating to assets still held at the reporting date | (1) | | 4 | | 3 |
| Relating to assets sold during the period | 3 | | — | | 3 |
| Purchases, sales and settlements | (7) | | (21) | | (28) |
| Balance at end of period | $20 | | $4 | | $24 |
| Corporatedebt | Insurancecontracts | | Total | |
| Balance at beginning of period | $13 | | $24 | | $37 |
| Actual return on plan assets | | | | | |
| Relating to assets still held at the reporting date | (2) | | 1 | | (1) |
| Relating to assets sold during the period | 3 | | — | | 3 |
| Purchases, sales and settlements | 11 | | (4) | | 7 |
| Balance at end of period | $25 | | $21 | | $46 |
| Percentage of plan assets | Target AssetAllocation | | | |
| 2019 | 2018 | | 2019 | |
| Asset Class | | | | | |
| U.S. Equity securities | 45% | | 40% | | 45% |
| Debt securities (a) | 52% | | 56% | | 50% |
| Cash and cash equivalents (b) | 3% | | 4% | | 5% |
| Total | 100% | | 100% | | 100% |
Table 203 after “The fair value of assets in the U.S. other postretirement benefit plans by asset class and level within the fair value hierarchy was:”
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| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| | Fair Value Measurement Using | | | Fair Value Measurement Using | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Money market funds | $6 | | $6 | | $— | | $— | | $6 | | $6 | $— | $— |
| U.S. Equity securities: | | | | | | | | | | | | | |
| Large-cap equity fund measure at NAV (a) | 89 | | — | | — | | — | | 69 | | — | — | — |
| Commingled debt fund measured at NAV (a) | 68 | | — | | — | | — | | 68 | | — | — | — |
| Debt securities: | | | | | | | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 204 after “The asset allocation and target allocation at December 31 of WPD's pension plans are detailed below.”
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| | | | Target Asset | |
| Percentage of plan assets | Allocation | | | |
| 2019 | 2018 | | 2019 | |
| Asset Class | | | | | |
| Cash and cash equivalents | 2% | | 2% | | —% |
| Equity securities | | | | | |
| U.K. | —% | | —% | | 2% |
| European (excluding the U.K.) | —% | | 1% | | 1% |
First 8 of 16 rows. The CSV has all of them.
Table 205 after “The fair value of assets in the U.K. pension plans by asset class and level within the fair value hierarchy was:”
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| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| | Fair Value Measurement Using | | | Fair Value Measurement Using | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Cash and cash equivalents | $154 | | $154 | | $— | | $— | | $147 | | $147 | $— | $— |
| Equity securities measured at NAV (a) : | | | | | | | | | | | | | |
| U.K. companies | 22 | | — | | — | | — | | 27 | | — | — | — |
| European companies (excluding the U.K.) | 54 | | — | | — | | — | | 76 | | — | — | — |
| Asian-Pacific companies | 35 | | — | | — | | — | | 49 | | — | — | — |
First 8 of 20 rows. The CSV has all of them.
Table 206 after “The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans and the followin”
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| | Other Postretirement | | | |
| Pension | BenefitPayment | | ExpectedFederalSubsidy | |
| 2020 | $271 | | $50 | | $1 |
| 2021 | 267 | | 48 | | 1 |
| 2022 | 266 | | 47 | | — |
| 2023 | 264 | | 46 | | — |
| 2024 | 265 | | 44 | | — |
| 2025-2029 | 1,278 | | 200 | | 1 |
Table 207 after “The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans and the followin”
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| | Other Postretirement | | | |
| Pension | BenefitPayment | | ExpectedFederalSubsidy | |
| 2020 | $114 | | $14 | | $1 |
| 2021 | 115 | | 15 | | — |
| 2022 | 115 | | 15 | | — |
| 2023 | 113 | | 15 | | — |
| 2024 | 115 | | 15 | | — |
| 2025-2029 | 545 | | 72 | | 1 |
Table 208 after “The following benefit payments, which reflect expected future service, as appropriate, are expected to be paid by the plans.”
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| Pension |
| 2020 | $353 |
| 2021 | 351 |
| 2022 | 356 |
| 2023 | 359 |
| 2024 | 364 |
| 2025-2029 | 1,826 |
Table 209 after “Substantially all employees of PPL's subsidiaries are eligible to participate in deferred savings plans (401(k)s). Employer contributions to”
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| 2019 | 2018 | | 2017 | |
| PPL | $42 | | $40 | | $36 |
| PPL Electric | 6 | | 6 | | 6 |
| LKE | 21 | | 20 | | 18 |
| LG&E | 6 | | 6 | | 5 |
| KU | 5 | | 5 | | 4 |
Table 210 after “, the Balance Sheets reflect the owned interests in the generating plants listed below.”
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| | OwnershipInterest | Electric Plant | | AccumulatedDepreciation | ConstructionWorkin Progress | |
| PPL and LKE | | | | | | | |
| December 31, 2019 | | | | | | |
| Trimble County Unit 1 | 75.00% | | $440 | | $54 | $2 |
| Trimble County Unit 2 | 75.00% | | 1,278 | | 203 | 134 |
| | OwnershipInterest | Electric Plant | | AccumulatedDepreciation | ConstructionWorkin Progress | |
| December 31, 2018 | | | | | | |
| Trimble County Unit 1 | 75.00% | | $427 | | $77 | $— |
| Trimble County Unit 2 | 75.00% | | 1,063 | | 199 | 293 |
| LG&E | | | | | | | |
| December 31, 2019 | | | | | | |
| E.W. Brown Units 6-7 | 38.00% | | $45 | | $20 | $— |
| Paddy's Run Unit 13 & E.W. Brown Unit 5 | 53.00% | | 52 | | 20 | — |
First 8 of 42 rows. The CSV has all of them.
Table 212 after “LG&E and KU enter into purchase contracts to supply the coal and natural gas requirements for generation facilities and LG&E's retail natura”
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| Contract Type | Maximum MaturityDate |
| Natural Gas Fuel | 2022 |
| Natural Gas Retail Supply | 2021 |
| Coal | 2024 |
| Coal Transportation and Fleeting Services | 2027 |
| Natural Gas Transportation | 2026 |
Table 213 after “Future obligations for power purchases from OVEC are demand payments, comprised of debt-service payments and contractually-required reimburs”
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| LG&E | KU | | Total | |
| 2020 | $21 | | $10 | | $31 |
| 2021 | 21 | | 10 | | 31 |
| 2022 | 21 | | 10 | | 31 |
| 2023 | 21 | | 10 | | 31 |
| 2024 | 22 | | 9 | | 31 |
| Thereafter | 276 | | 123 | | 399 |
| Total | $382 | | $172 | | $554 |
| 2019 | 2018 | | 2017 | |
| LG&E | $15 | | $14 | | $14 |
| KU | 7 | | 6 | | 6 |
| Total | $22 | | $20 | | $20 |
Table 215 after “. For reporting purposes, on a consolidated basis, all guarantees of PPL Electric, LKE, LG&E and KU also apply to PPL, and all guarantees of”
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| Exposure at December 31, 2019 | ExpirationDate | |
| PPL | | | |
| Indemnifications related to the WPD Midlands acquisition | | (a) | |
| WPD indemnifications for entities in liquidation and sales of assets | $10 | (b) | 2021 |
| WPD guarantee of pension and other obligations of unconsolidated entities | 83 | (c) | |
| PPL Electric | | | |
| Guarantee of inventory value | 26 | (d) | 2020 |
| LKE | | | |
First 8 of 11 rows. The CSV has all of them.
Table 216 after “further distributed between capital and expense on the books of the recipients, based on methods that are believed to be reasonable.”
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| 2019 | 2018 | | 2017 | |
| PPL Electric from PPL Services | $59 | | $59 | | $182 |
| LKE from PPL Services | 28 | | 26 | | 20 |
| PPL Electric from PPL EU Services | 152 | | 148 | | 64 |
| LG&E from LKS | 160 | | 151 | | 169 |
| KU from LKS | 178 | | 169 | | 190 |
| 2019 | 2018 | | 2017 | |
| Other Income | | | | | |
| Economic foreign currency exchange contracts (Note 17) | $(14) | | $150 | | $(261) |
| Defined benefit plans - non-service credits (Note 11) | 316 | | 257 | | 167 |
| Interest income | 16 | | 6 | | 2 |
| AFUDC - equity component | 23 | | 21 | | 16 |
| Miscellaneous | 7 | | 6 | | 17 |
| Total Other Income | 348 | | 440 | | (59) |
First 8 of 13 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Other Income | | | | | |
| Defined benefit plans - non-service credits (Note 11) | $4 | | $5 | | $1 |
| Interest income | 2 | | 2 | | 1 |
| AFUDC - equity component | 23 | | 20 | | 15 |
| Total Other Income | 29 | | 27 | | 17 |
| Other Expense | | | | | |
| Charitable contributions | 3 | | 3 | | 2 |
First 8 of 11 rows. The CSV has all of them.
Table 219 after “The assets and liabilities measured at fair value were:”
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| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| PPL | | | | | | | | | | | | | |
| Assets | | | | | | | | | | | | | |
| Cash and cash equivalents | $815 | | $815 | | $— | | $— | | $621 | | $621 | $— | $— |
| Restricted cash and cash equivalents (a) | 21 | | 21 | | — | | — | | 22 | | 22 | — | — |
| Special use funds (a): | | | | | | | | | | | | | |
| Money market fund | — | | — | | — | | — | | 59 | | 59 | — | — |
First 8 of 42 rows. The CSV has all of them.
| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| KU | | | | | | | | | | | | | |
| Assets | | | | | | | | | | | | | |
| Cash and cash equivalents | $12 | | $12 | | $— | | $— | | $14 | | $14 | $— | $— |
| Total assets | $12 | | $12 | | $— | | $— | | $14 | | $14 | $— | $— |
Table 221 after “Long-term debt is classified as Level 2. The effect of third-party credit enhancements is not included in the fair value measurement.”
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| December 31, 2019 | December 31, 2018 | | | | |
| Carrying Amount (a) | Fair Value | | Carrying Amount (a) | Fair Value | |
| PPL | $21,893 | | $25,481 | | $20,599 | $22,939 |
| PPL Electric | 3,985 | | 4,589 | | 3,694 | 3,901 |
| LKE | 6,002 | | 6,766 | | 5,502 | 5,768 |
| LG&E | 2,005 | | 2,278 | | 1,809 | 1,874 |
| KU | 2,623 | | 3,003 | | 2,321 | 2,451 |
Table 222 after “The following table presents the fair value and location of derivative instruments recorded on the Balance Sheets:”
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| December 31, 2019 | December 31, 2018 | | | | | | | | | | | |
| Derivatives designated ashedging instruments | Derivatives not designatedas hedging instruments | | Derivatives designated ashedging instruments | Derivatives not designatedas hedging instruments | | | | | | | | |
| Assets | Liabilities | | Assets | Liabilities | Assets | | Liabilities | Assets | Liabilities | | | |
| Current: | | | | | | | | | | | | | |
| Price Risk Management | | | | | | | | | | | | | |
| Assets/Liabilities (a): | | | | | | | | | | | | | |
| Interest rate swaps (b) | $— | | $— | | $— | | $4 | | $— | | $— | $— | $4 |
| Cross-currency swaps (b) | 5 | | — | | — | | — | | 6 | | — | — | — |
First 8 of 18 rows. The CSV has all of them.
| DerivativeRelationships | Derivative Gain(Loss) Recognized in OCI | Location of Gain (Loss)Recognized in Incomeon Derivative | | Gain (Loss) Reclassifiedfrom AOCI into Income | |
| 2019 | | | | | |
| Cash Flow Hedges: | | | | | |
| Interest rate swaps | $(30) | | Interest Expense | | $(9) |
| Cross-currency swaps | 17 | | Other Income (Expense) - net | | (9) |
| Total | $(13) | | | | $(18) |
| Net Investment Hedges: | | | | | |
| Foreign currency contracts | $2 | | | | |
First 8 of 23 rows. The CSV has all of them.
| Derivatives Not Designated asHedging Instruments | Location of Gain (Loss) Recognized inIncome on Derivative | 2019 | 2018 | | 2017 | |
| Foreign currency contracts | Other Income (Expense) - net | $(14) | | $150 | | $(261) |
| Interest rate swaps | Interest Expense | (5) | | (5) | | (6) |
| Total | $(19) | | $145 | | $(267) |
| Derivatives Not Designated asHedging Instruments | Location of Gain (Loss) Recognized asRegulatory Liabilities/Assets | 2019 | 2018 | | 2017 | |
| Interest rate swaps | Regulatory assets - noncurrent | $(1) | | $6 | | $5 |
Table 226 after “The following table presents the effect of cash flow hedge activity on the Statement of Income for the year ended December 31, 2019:”
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| Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships | | |
| Interest Expense | Other Income (Expense) - net | |
| Total income and expense line items presented in the income statement in which the effect of cash flow hedges are recorded | $994 | | $309 |
| The effects of cash flow hedges: | | | |
| Gain (Loss) on cash flow hedging relationships: | | | |
| Interest rate swaps: | | | |
| Amount of gain (loss) reclassified from AOCI to income | (9) | | — |
| Cross-currency swaps: | | | |
First 8 of 10 rows. The CSV has all of them.
Table 227 after “The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments:”
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| December 31, 2019 | December 31, 2018 | | | | |
| Assets | Liabilities | | Assets | Liabilities | |
| Current: | | | | | | |
| Price Risk Management | | | | | | |
| Assets/Liabilities: | | | | | | |
| Interest rate swaps | $— | | $4 | | $— | $4 |
| Total current | — | | 4 | | — | 4 |
| Noncurrent: | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 228 after “The following tables present the pre-tax effect of derivatives not designated as cash flow hedges that are recognized in income or regulator”
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| Derivative Instruments | Location of Gain (Loss) | 2019 | 2018 | | 2017 | |
| Interest rate swaps | Interest Expense | $(5) | | $(5) | | $(6) |
Table 229 after “The following tables present the pre-tax effect of derivatives not designated as cash flow hedges that are recognized in income or regulator”
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| Derivative Instruments | Location of Gain (Loss) | 2019 | 2018 | | 2017 | |
| Interest rate swaps | Regulatory assets - noncurrent | $(1) | | $6 | | $5 |
Table 230 after “The table below summarizes the derivative positions presented in the balance sheets where a right of setoff exists under these arrangements ”
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| Assets | Liabilities | | | | | | | | | | | |
| | Eligible for Offset | | | | Eligible for Offset | | | | | | | |
| Gross | DerivativeInstruments | | CashCollateralReceived | Net | Gross | | DerivativeInstruments | CashCollateralPledged | Net | | | |
| December 31, 2019 | | | | | | | | | | | | | |
| Treasury Derivatives | | | | | | | | | | | | | |
| PPL | $296 | | $5 | | $14 | | $277 | | $26 | | $5 | $— | $21 |
| LKE | — | | — | | — | | — | | 21 | | — | — | 21 |
| LG&E | — | | — | | — | | — | | 21 | | — | — | 21 |
| Assets | Liabilities | | | | | | | | | | | |
| | Eligible for Offset | | | | Eligible for Offset | | | | | | | |
| Gross | DerivativeInstruments | | CashCollateralReceived | Net | Gross | | DerivativeInstruments | CashCollateralPledged | Net | | | |
| December 31, 2018 | | | | | | | | | | | | | |
| Treasury Derivatives | | | | | | | | | | | | | |
| PPL | $337 | | $2 | | $40 | | $295 | | $22 | | $2 | $— | $20 |
| LKE | — | | — | | — | | — | | 20 | | — | — | 20 |
| LG&E | — | | — | | — | | — | | 20 | | — | — | 20 |
Table 232 after “, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted on those position”
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| PPL | LKE | | LG&E | |
| Aggregate fair value of derivative instruments in a net liability position with credit risk-related contingent features | $3 | | $3 | | $3 |
| Aggregate fair value of collateral posted on these derivative instruments | — | | — | | — |
| Aggregate fair value of additional collateral requirements in the event of a credit downgrade below investment grade (a) | 3 | | 3 | | 3 |
| U.K.Regulated | KentuckyRegulated | | Corporate andOther | Total | | | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | 2019 | 2018 | | | |
| Balance at beginning of period (a) | $2,447 | | $2,596 | | $662 | | $662 | | $53 | | $— | $3,162 | $3,258 |
| Effect of foreign currency exchange rates | 34 | | (149) | | — | | — | | — | | — | 34 | (149) |
| Goodwill recognized during the period (b) | — | | — | | — | | — | | — | | 53 | — | 53 |
| Other | 2 | | — | | — | | — | | — | | — | 2 | — |
| Balance at end of period (a) | $2,483 | | $2,447 | | $662 | | $662 | | $53 | | $53 | $3,198 | $3,162 |
Table 234 after “The gross carrying amount and the accumulated amortization of other intangible assets were:”
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| December 31, 2019 | December 31, 2018 | | | | |
| GrossCarryingAmount | AccumulatedAmortization | | GrossCarryingAmount | AccumulatedAmortization | |
| Subject to amortization: | | | | | | |
| Contracts (a) | $136 | | $84 | | $137 | $75 |
| Land rights and easements | 440 | | 135 | | 418 | 128 |
| Licenses and other | 22 | | 3 | | 21 | 1 |
| Total subject to amortization | 598 | | 222 | | 576 | 204 |
| Not subject to amortization due to indefinite life: | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 235 after “Current intangible assets are included in "Other current assets" and long-term intangible assets are included in "Other intangibles" on the ”
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| Amortization expense was as follows: | | | | | |
| 2019 | 2018 | | 2017 | |
| Intangible assets with no regulatory offset | $9 | | $7 | | $6 |
| Intangible assets with regulatory offset | 9 | | 8 | | 9 |
| Total | $18 | | $15 | | $15 |
Table 236 after “Amortization expense for each of the next five years is estimated to be:”
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| 2020 | 2021 | | 2022 | 2023 | 2024 | | |
| Intangible assets with no regulatory offset | $9 | | $9 | | $9 | | $9 | $9 |
| Intangible assets with regulatory offset | 8 | | 8 | | 8 | | 8 | 8 |
| Total | $17 | | $17 | | $17 | | $17 | $17 |
Table 237 after “The gross carrying amount and the accumulated amortization of other intangible assets were:”
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| December 31, 2019 | December 31, 2018 | | | | |
| GrossCarryingAmount | AccumulatedAmortization | | GrossCarryingAmount | AccumulatedAmortization | |
| Subject to amortization: | | | | | | |
| Land rights and easements | $370 | | $125 | | $363 | $121 |
| Licenses and other | 3 | | 1 | | 2 | 1 |
| Total subject to amortization | 373 | | 126 | | 365 | 122 |
| Not subject to amortization due to indefinite life: | | | | | | |
| Land rights and easements | 17 | | — | | 17 | — |
First 8 of 9 rows. The CSV has all of them.
Table 238 after “The gross carrying amount and the accumulated amortization of other intangible assets were:”
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| December 31, 2019 | December 31, 2018 | | | | |
| GrossCarryingAmount | AccumulatedAmortization | | GrossCarryingAmount | AccumulatedAmortization | |
| Subject to amortization: | | | | | | |
| Land rights and easements | $22 | | $4 | | $21 | $3 |
| OVEC power purchase agreement (a) | 125 | | 74 | | 126 | 66 |
| Total subject to amortization | $147 | | $78 | | $147 | $69 |
Table 239 after “Amortization expense was as follows:”
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| 2019 | 2018 | | 2017 | |
| Intangible assets with regulatory offset | $9 | | $8 | | $9 |
Table 240 after “Amortization expense for each of the next five years is estimated to be:”
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| 2020 | 2021 | | 2022 | 2023 | 2024 | | |
| Intangible assets with regulatory offset | $8 | | $8 | | $8 | | $8 | $8 |
Table 241 after “The gross carrying amount and the accumulated amortization of other intangible assets were:”
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| December 31, 2019 | December 31, 2018 | | | | |
| GrossCarryingAmount | AccumulatedAmortization | | GrossCarryingAmount | AccumulatedAmortization | |
| Subject to amortization: | | | | | | |
| Land rights and easements | $7 | | $1 | | $7 | $1 |
| OVEC power purchase agreement (a) | 86 | | 51 | | 87 | 46 |
| Total subject to amortization | $93 | | $52 | | $94 | $47 |
Table 242 after “Amortization expense was as follows:”
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| 2019 | 2018 | | 2017 | |
| Intangible assets with regulatory offset | $6 | | $6 | | $6 |
Table 243 after “Amortization expense for each of the next five years is estimated to be:”
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| 2020 | 2021 | | 2022 | 2023 | 2024 | | |
| Intangible assets with regulatory offset | $6 | | $6 | | $6 | | $6 | $6 |
Table 244 after “The gross carrying amount and the accumulated amortization of other intangible assets were:”
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| December 31, 2019 | December 31, 2018 | | | | |
| GrossCarryingAmount | AccumulatedAmortization | | GrossCarryingAmount | AccumulatedAmortization | |
| Subject to amortization: | | | | | | |
| Land rights and easements | $15 | | $3 | | $14 | $2 |
| OVEC power purchase agreement (a) | 39 | | 23 | | 39 | 20 |
| Total subject to amortization | $54 | | $26 | | $53 | $22 |
Table 245 after “Amortization expense was as follows:”
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| 2019 | 2018 | | 2017 | |
| Intangible assets with regulatory offset | $3 | | $2 | | $3 |
Table 246 after “Amortization expense for each of the next five years is estimated to be:”
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| 2020 | 2021 | | 2022 | 2023 | 2024 | | |
| Intangible assets with regulatory offset | $2 | | $2 | | $2 | | $2 | $2 |
Table 247 after “The changes in the carrying amounts of AROs were as follows:”
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| PPL | LKE | | LG&E | KU | | | | | | | | |
| 2019 | 2018 | | 2019 | 2018 | 2019 | | 2018 | 2019 | 2018 | | | |
| ARO at beginning of period | $347 | | $397 | | $296 | | $356 | | $103 | | $121 | $193 | $235 |
| Accretion | 19 | | 20 | | 17 | | 18 | | 6 | | 6 | 11 | 12 |
| Obligations incurred | — | | 8 | | — | | 8 | | — | | — | — | 8 |
| Changes in estimated timing or cost | 12 | | (3) | | (2) | | (14) | | (2) | | (2) | — | (12) |
| Effect of foreign currency exchange rates | — | | (3) | | — | | — | | — | | — | — | — |
| Obligations settled | (96) | | (72) | | (96) | | (72) | | (34) | | (22) | (62) | (50) |
First 8 of 9 rows. The CSV has all of them.
Table 248 after “The after-tax changes in AOCI by component for the years ended December 31 were as follows:”
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| | | | | Defined benefit plans | | | | | |
| Foreigncurrencytranslationadjustments | Unrealized gains (losses) onqualifyingderivatives | | Equityinvestees'AOCI | Priorservicecosts | Actuarialgain(loss) | | Total | | |
| PPL | | | | | | | | | | |
| December 31, 2016 | $(1,627) | | $(7) | | $(1) | | $(8) | | $(2,135) | $(3,778) |
| Amounts arising during the year | 538 | | (79) | | — | | — | | (308) | 151 |
| Reclassifications from AOCI | — | | 73 | | 1 | | 1 | | 130 | 205 |
| Net OCI during the year | 538 | | (6) | | 1 | | 1 | | (178) | 356 |
| December 31, 2017 | $(1,089) | | $(13) | | $— | | $(7) | | $(2,313) | $(3,422) |
| | | | | | Defined benefit plans | | | | | | | | | |
| Foreigncurrencytranslationadjustments | Unrealized gains (losses) onqualifyingderivatives | | Equityinvestees'AOCI | | Priorservicecosts | | Actuarialgain(loss) | | Total | | | | | |
| Amounts arising during the year | (444) | | 36 | | | — | | | (11) | | | (187) | | | (606) |
| Reclassifications from AOCI | — | | (29) | | | — | | | 2 | | | 142 | | | 115 |
| Net OCI during the year | (444) | | 7 | | | — | | | (9) | | | (45) | | | (491) |
| Adoption of reclassification of certain tax effects from AOCI guidance cumulative effect adjustment (Note 1) | — | | (1) | | | — | | | (3) | | | (47) | | | (51) |
| December 31, 2018 | $(1,533) | | $(7) | | | $— | | | $(19) | | | $(2,405) | | | $(3,964) |
| Amounts arising during the year | 108 | | (11) | | | — | | | (1) | | | (592) | | | (496) |
First 8 of 26 rows. The CSV has all of them.
| PPL | | | | | |
| Details about AOCI | 2019 | 2018 | | 2017 | Affected Line Item on the Statements of Income | |
| Qualifying derivatives | | | | | | |
| Interest rate swaps | $(9) | | $(8) | | $(9) | Interest Expense |
| Cross-currency swaps | (9) | | 42 | | (82) | Other Income (Expense) - net |
| — | | 1 | | — | Interest Expense |
| Total Pre-tax | (18) | | 35 | | (91) | |
| Income Taxes | 5 | | (6) | | 18 | |
First 8 of 20 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Other Income (Expense) - net | | | | | |
| Equity in Earnings of Subsidiaries | $477 | | $470 | | $397 |
| Interest Income with Affiliate | 28 | | 25 | | 14 |
| Total | 505 | | 495 | | 411 |
| Interest Expense | 30 | | 29 | | 30 |
| Interest Expense with Affiliate | 32 | | 28 | | 20 |
| Income Before Income Taxes | 443 | | 438 | | 361 |
First 8 of 12 rows. The CSV has all of them.
| 2019 | 2018 | | 2017 | |
| Cash Flows from Operating Activities | | | | | |
| Net cash provided by (used in) operating activities | $368 | | $346 | | $401 |
| Cash Flows from Investing Activities | | | | | |
| Capital contributions to affiliated subsidiaries | (93) | | (128) | | (30) |
| Net decrease (increase) in notes receivable from affiliates | (44) | | (26) | | (28) |
| Net cash provided by (used in) investing activities | (137) | | (154) | | (58) |
| Cash Flows from Financing Activities | | | | | |
First 8 of 17 rows. The CSV has all of them.
| 2019 | 2018 | |
| Assets | | | |
| Current Assets | | | |
| Accounts receivable from affiliates | $3 | | $— |
| Income taxes receivable | 3 | | — |
| Notes receivable from affiliates | 1,105 | | 1,061 |
| Total Current Assets | 1,111 | | 1,061 |
| Investments | | | |
First 8 of 27 rows. The CSV has all of them.
Table 254 after “(Millions of Dollars, except per share data)”
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| For the Quarters Ended (a) | | | | | |
| March 31 | June 30 | | Sept. 30 | Dec. 31 | |
| 2019 | | | | | | |
| Operating revenues | $2,079 | | $1,803 | | $1,933 | $1,954 |
| Operating income | 781 | | 640 | | 726 | 693 |
| Net income | 466 | | 441 | | 475 | 364 |
| Net income available to PPL common shareowners: (b) | | | | | | |
| Basic EPS | 0.65 | | 0.61 | | 0.66 | 0.49 |
First 8 of 16 rows. The CSV has all of them.
| For the Quarters Ended (a) | | | | | |
| March 31 | June 30 | | Sept. 30 | Dec. 31 | |
| 2019 | | | | | | |
| Operating revenues | $645 | | $521 | | $590 | $602 |
| Operating income | 198 | | 161 | | 193 | 193 |
| Net income | 121 | | 94 | | 118 | 124 |
| 2018 | | | | | | |
| Operating revenues | $639 | | $517 | | $548 | $573 |
First 8 of 10 rows. The CSV has all of them.
| Name | Age | Positions Held During the Past Five Years | Dates |
| William H. Spence | 62 | Chairman and Chief Executive Officer | July 2019 - present |
| | Chairman, President and Chief Executive Officer | April 2012 - June 2019 |
| Joanne H. Raphael | 60 | Executive Vice President, General Counsel and Corporate Secretary | January 2019 - present |
| | Senior Vice President, General Counsel and Corporate Secretary | June 2015 - January 2019 |
| | Senior Vice President and Chief External Affairs Officer-PPL Services | October 2012 - May 2015 |
| Vincent Sorgi | 48 | President and Chief Operating Officer | July 2019 - present |
| | Executive Vice President and Chief Financial Officer | January 2019 - June 2019 |
First 8 of 27 rows. The CSV has all of them.
Table 257 after “Equity Compensation Plan Information”
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| Number of securities to beissued upon exercise ofoutstanding options, warrantsand rights (3) | Weighted-average exerciseprice of outstanding options,warrants and rights (3) | Number of securitiesremaining available for futureissuance under equitycompensation plans (4) | | | | |
| Equity compensation | | | | | | | |
| plans approved by | 56,185 | | – ICP | $24.37 | – ICP | 1,541,819 | – DDCP |
| security holders (1) | 102,049 | | – SIP | $26.59 | – SIP | 10,590,858 | – SIP |
| 1,172,709 | | – ICPKE | $26.25 | – ICPKE | 1,742,904 | – ICPKE |
| 1,330,943 | | – Total | $26.20 | – Combined | 13,875,581 | – Total |
| Equity compensation | | | | | | | |
| plans not approved by | | | | | | | |
First 8 of 9 rows. The CSV has all of them.
Table 258 after “, Deloitte & Touche LLP (Deloitte) served as PPL Electric's independent auditor. The following table presents an allocation of fees billed, ”
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| 2019 | 2018 | |
| (in thousands) | | |
| Audit fees (a) | $1,308 | | $1,093 |
| Audit-related fees (b) | 16 | | 28 |
| Taxes (c) | — | | 15 |
Table 259 after “, Deloitte served as LKE's independent auditor. The following table presents an allocation of fees billed, including expenses, by the indepe”
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| 2019 | 2018 | |
| (in thousands) | | |
| Audit fees (a) | $1,973 | | $1,761 |
| Audit-related fees (b) | — | | 18 |
Table 260 after “, Deloitte served as LG&E's independent auditor. The following table presents an allocation of fees billed, including expenses, by the indep”
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| 2019 | 2018 | |
| (in thousands) | | |
| Audit fees (a) | $935 | | $870 |
| Audit-related fees (b) | — | | 9 |
Table 261 after “, Deloitte served as KU's independent auditor. The following table presents an allocation of fees billed, including expenses, by the indepen”
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| 2019 | 2018 | |
| (in thousands) | | |
| Audit fees (a) | $1,021 | | $875 |
| Audit-related fees (b) | — | | 9 |
Table 262 after “The following Exhibits indicated by an asterisk preceding the Exhibit number are filed herewith. The balance of the Exhibits has heretofore ”
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| 1(a) | - | Securities Purchase and Registration Rights Agreement, dated March 5, 2014, among PPL Capital Funding, Inc., PPL Corporation, and the several purchasers named in Schedule B thereto (Exhibit 1.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 10, 2014) |
| 1(b) | - | Final Terms, dated November 14, 2017, of Western Power Distribution (South West) plc £250,000,000 2.375% Notes due May 2029 (Exhibit 1.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated November 16, 2017) |
| 1(c) | - | Distribution Agreement, dated February 23, 2018, by and among PPL Corporation and J.P. Morgan Securities, LLC, Barclays Capital Inc., Citigroup Global Markets Inc., JPMorgan Chase Bank, National Association, London Branch, Barclays Bank PLC and Citibank N.A. (Exhibit 1.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated February 23, 2018) |
| 1(d) | - | Final Terms, dated March 23, 2018, of Western Power Distribution (South Wales) plc £30,000,000 RPI Index Linked Senior Unsecured Notes due March 2036 (Exhibit 1(b) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 1(e) | - | Final Terms, dated May 11, 2018, of Western Power Distribution (West Midlands) plc £30,000,000 RPI Index Linked Senior Unsecured Notes due March 2028 (Exhibit 1(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2018) |
| 1(f) | - | Final Terms, dated September 5, 2019, of Western Power Distribution (East Midlands) plc £250,000 Fixed Rate Notes due 2031 under the £4,000,000,000 Euro Medium Term Note Programme (Exhibit 1(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2019) |
| 2(a) | - | Separation Agreement among PPL Corporation, Talen Energy Holdings, Inc., Talen Energy Corporation, PPL Energy Supply, LLC, Raven Power Holdings LLC, C/R Energy Jade, LLC and Sapphire Power Holdings LLC., dated as of June 9, 2014 (Exhibit 2.1 to PPL Energy Supply, LLC Form 8-K Report (File No. 1-32944) dated June 12, 2014) |
| 2(b) | - | Transaction Agreement among PPL Corporation, Talen Energy Holdings, Inc., Talen Energy Corporation, PPL Energy Supply, LLC, Talen Energy Merger Sub, Inc., C/R Energy Jade, LLC, Sapphire Power Holdings LLC. and Raven Power Holdings LLC, dated as of June 9, 2014 (Exhibit 2.2 to PPL Energy Supply, LLC Form 8-K Report (File No. 1-32944) dated June 12, 2014) |
First 8 of 13 rows. The CSV has all of them.
| 3(f)-1 | - | Amended and Restated Operating Agreement of LG&E and KU Energy LLC, effective as of November 1, 2010 (Exhibit 3(b) to Registration Statement filed on Form S-4 (File No. 333-173665)) |
| 3(f)-2 | - | Amendment to Amended and Restated Operating Agreement of LG&E and KU Energy LLC, effective as of November 25, 2013 (Exhibit 3(h)-2) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2013) |
| 3(g)-1 | - | Amended and Restated Articles of Incorporation of Louisville Gas and Electric Company, effective as of November 6, 1996 (Exhibit 3(a) to Registration Statement filed on Form S-4 (File No. 333-173676)) |
| 3(g)-2 | - | Articles of Amendment to Articles of Incorporation of Louisville Gas and Electric Company, effective as of April 6, 2004 (Exhibit 3(b) to Registration Statement filed on Form S-4 (File No. 333-173676)) |
| 3(h) | - | Bylaws of Louisville Gas and Electric Company, effective as of December 16, 2003 (Exhibit 3(c) to Registration Statement filed on Form S-4 (File No. 333-173676)) |
| 3(i)-1 | - | Amended and Restated Articles of Incorporation of Kentucky Utilities Company, effective as of December 14, 1993 (Exhibit 3(a) to Registration Statement filed on Form S-4 (File No. 333-173675)) |
| 3(i)-2 | - | Articles of Amendment to Articles of Incorporation of Kentucky Utilities Company, effective as of April 8, 2004 (Exhibit 3(b) to Registration Statement filed on Form S-4 (File No. 333-173675)) |
| 3(j) | - | Bylaws of Kentucky Utilities Company, effective as of December 16, 2003 (Exhibit 3(c) to Registration Statement filed on Form S-4 (File No. 333-173675)) |
First 8 of 17 rows. The CSV has all of them.
| 4(c)-5 | - | Supplemental Indenture No. 11, dated as of May 24, 2013, to said Indenture (Exhibit 4.3 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 24, 2013) |
| 4(c)-6 | - | Supplemental Indenture No. 12, dated as of May 24, 2013, to said Indenture (Exhibit 4.4 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 24, 2013) |
| 4(c)-7 | - | Supplemental Indenture No. 13, dated as of March 10, 2014, to said Indenture (Exhibit 4.2 to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 10, 2014) |
| 4(c)-8 | - | Supplemental Indenture No. 14, dated as of March 10, 2014, to said Indenture (Exhibit 4.3 to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 10, 2014) |
| 4(c)-9 | - | Supplemental Indenture No. 15, dated as of May 17, 2016, to said Indenture (Exhibit 4(b) to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 17, 2016) |
| 4(c)-10 | - | Supplemental Indenture No. 16, dated as of September 8, 2017, to said Indenture (Exhibit 4(b) to PPL Corporation Form 8-K Report (File No. 1-11459) dated September 6, 2017) |
| 4(d)-1 | - | Indenture, dated as of March 16, 2001, among WPD Holdings UK, Bankers Trust Company, as Trustee, Principal Paying Agent, and Transfer Agent and Deutsche Bank Luxembourg, S.A., as Paying and Transfer Agent (Exhibit 4(g) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2009) |
| 4(d)-2 | - | First Supplemental Indenture constituting the creation of $200 million 6.75% Notes due 2004, $200 million 6.875% Notes due 2007, $225 million 6.50% Notes due 2008, $100 million 7.25% Notes due 2017 and $300 million 7.375% Notes due 2028, dated as of March 16, 2001, to said Indenture (Exhibit 4(n)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2004) |
First 8 of 16 rows. The CSV has all of them.
| 4(e)-5 | - | Supplemental Indenture No. 10, dated as of May 1, 2009, to said Indenture (Exhibit 4(b) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated May 22, 2009) |
| 4(e)-6 | - | Supplemental Indenture No. 11, dated as of July 1, 2011, to said Indenture (Exhibit 4.1 to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated July 13, 2011) |
| 4(e)-7 | - | Supplemental Indenture No. 12, dated as of July 1, 2011, to said Indenture (Exhibit 4(a) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated July 18, 2011) |
| 4(e)-8 | - | Supplemental Indenture No. 13, dated as of August 1, 2011, to said Indenture (Exhibit 4(a) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated August 23, 2011) |
| 4(e)-9 | - | Supplemental Indenture No. 14, dated as of August 1, 2012, to said Indenture (Exhibit 4(a) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated August 24, 2012) |
| 4(e)-10 | - | Supplemental Indenture No. 15, dated as of July 1, 2013, to said Indenture (Exhibit 4(a) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated July 11, 2013) |
| 4(e)-11 | - | Supplemental Indenture No. 16, dated as of June 1, 2014, to said Indenture (Exhibit 4(a) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated June 5, 2014) |
| 4(e)-12 | - | Supplemental Indenture No. 17, dated as of October 1, 2015, to said Indenture (Exhibit 4(a) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated October 1, 2015) |
First 8 of 16 rows. The CSV has all of them.
| 4(g)-3 | - | Pollution Control Facilities Loan Agreement, dated as of March 1, 2016, between PPL Electric Utilities Corporation and the Lehigh County Industrial Development Authority (Exhibit 4(b) to PPL Electric Utilities Corporation Form 8-K Report (File No. 1-905) dated March 10, 2016) |
| 4(h) | - | Trust Deed constituting £105 million 1.541 percent Index-Linked Notes due 2053, dated December 1, 2006, between Western Power Distribution (South West) plc and HSBC Trustee (CI) Limited (Exhibit 4(i) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
| 4(i) | - | Trust Deed constituting £120 million 1.541 percent Index-Linked Notes due 2056, dated December 1, 2006, between Western Power Distribution (South West) plc and HSBC Trustee (CI) Limited (Exhibit 4(j) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
| 4(j) | - | Trust Deed constituting £225 million 4.80436 percent Notes due 2037, dated December 21, 2006, between Western Power Distribution (South Wales) plc and HSBC Trustee (CI) Limited (Exhibit 4(k) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
| 4(k)-1 | - | Subordinated Indenture, dated as of March 1, 2007, between PPL Capital Funding, Inc., PPL Corporation and The Bank of New York, as Trustee (Exhibit 4(a) to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 20, 2007) |
| 4(k)-2 | - | Supplemental Indenture No. 1, dated as of March 1, 2007, to said Subordinated Indenture (Exhibit 4(b) to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 20, 2007) |
| 4(k)-3 | - | Supplemental Indenture No. 4, dated as of March 15, 2013, to said Subordinated Indenture (Exhibit 4(b) to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 15, 2013) |
| 4(l) | - | Trust Deed constituting £200 million 5.75 percent Notes due 2040, dated March 23, 2010, between Western Power Distribution (South Wales) plc and HSBC Corporate Trustee Company (UK) Limited (Exhibit 4(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2010) |
First 8 of 15 rows. The CSV has all of them.
| 4(n)-7 | - | Supplemental Indenture No. 6, dated as of August 1, 2018, to Indenture, dated as of October 1, 2010, between Kentucky Utilities Company and The Bank of New York Mellon, as Trustee (Exhibit 4(a) to PPL Corporation 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2018) |
| 4(n)-8 | - | Supplemental Indenture No. 7, dated as of March 1, 2019, to said Indenture (Exhibit 4(b) to PPL Corporation Form 8-K Report (File No. 1-11459) dated April 1, 2019) |
| 4(o)-1 | - | Indenture, dated as of October 1, 2010, between Louisville Gas and Electric Company and The Bank of New York Mellon, as Trustee (Exhibit 4(r)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(o)-2 | - | Supplemental Indenture No. 1, dated as of October 15, 2010, to said Indenture (Exhibit 4(r)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(o)-3 | - | Supplemental Indenture No. 2, dated as of November 1, 2010, to said Indenture (Exhibit 4(r)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(o)-4 | - | Supplemental Indenture No. 3, dated as of November 1, 2013, to said Indenture (Exhibit 4(a) to PPL Corporation Form 8-K Report (File No. 1-11459) dated November 13, 2013) |
| 4(o)-5 | - | Supplemental Indenture No. 4, dated as of September 1, 2015, to said Indenture (Exhibit 4(a) to Louisville Gas and Electric Company Form 8-K Report (File No. 1-2893) dated September 28, 2015) |
| 4(o)-6 | - | Supplemental Indenture No. 5, dated as of September 1, 2016, to said Indenture (Exhibit 4(b) to Louisville Gas and Electric Company Form 8-K (File No. 1-2893) dated September 15, 2016) |
First 8 of 16 rows. The CSV has all of them.
| 4(r)-2 | - | Amendment No. 1 dated as of September 1, 2010, to said Loan Agreement by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(x)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(s)-1 | - | 2004 Series A Carroll County Loan Agreement, dated October 1, 2004 and amended and restated as of September 1, 2008, by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(z)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(s)-2 | - | Amendment No. 1 dated as of September 1, 2010, to said Loan Agreement by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(z)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(t)-1 | - | 2006 Series B Carroll County Loan Agreement, dated October 1, 2006 and amended and restated September 1, 2008, by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(aa)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(t)-2 | - | Amendment No. 1 dated as of September 1, 2010, to said Loan Agreement by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(aa)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(u)-1 | - | 2008 Series A Carroll County Loan Agreement, dated August 1, 2008 by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(cc)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(u)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Kentucky Utilities Company, and County of Carroll, Kentucky (Exhibit 4(cc)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(v) | - | 2016 Series A Carroll County Loan Agreement dated as of August 1, 2016 between Kentucky Utilities Company and the County of Carroll, Kentucky (Exhibit 4(a) to Kentucky Utilities Company Form 8-K Report (File No. 1-3464) dated August 26, 2016) |
First 8 of 13 rows. The CSV has all of them.
| 4(y)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Kentucky Utilities Company, and County of Muhlenberg, Kentucky (Exhibit 4(ff)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(z) | - | 2018 Series A Carroll County Loan Agreement, dated as of August 1, 2018, by and between Kentucky Utilities Company and County of Carroll, Kentucky (Exhibit 4(b) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2018) |
| 4(aa)-1 | - | 2001 Series A Jefferson County Loan Agreement, dated November 1, 2001, by and between Louisville Gas and Electric Company, and Jefferson County, Kentucky (Exhibit 4(jj)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(aa)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Louisville Gas and Electric Company, and Jefferson County, Kentucky (Exhibit 4(jj)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(bb)-1 | - | 2001 Series B Jefferson County Loan Agreement, dated November 1, 2001, by and between Louisville Gas and Electric Company, and Jefferson County, Kentucky (Exhibit 4(kk)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(bb)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Louisville Gas and Electric Company, and Jefferson County, Kentucky (Exhibit 4(kk)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(cc)-1 | - | 2003 Series A Louisville/Jefferson County Metro Government Loan Agreement, dated October 1, 2003, by and between Louisville Gas and Electric Company and Louisville/Jefferson County Metro Government, Kentucky (Exhibit 4(ll)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(cc)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Louisville Gas and Electric Company, and Louisville/Jefferson County Metro Government, Kentucky (Exhibit 4(ll)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
First 8 of 13 rows. The CSV has all of them.
| 4(gg)-1 | - | 2001 Series A Trimble County Loan Agreement, dated November 1, 2001, by and between Louisville Gas and Electric Company, and County of Trimble, Kentucky (Exhibit 4(qq)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(gg)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Louisville Gas and Electric Company, and the County of Trimble, Kentucky (Exhibit 4(qq)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(hh) | - | 2017 Series A Trimble County Loan Agreement, dated as of June 1, 2017, by and between Louisville Gas and Electric Company and the County of Trimble, Kentucky (Exhibit 4(a) to Louisville Gas and Electric Company Form 8-K Report (File No. 1-2893) dated June 1, 2017) |
| 4(ii)-1 | - | 2001 Series B Trimble County Loan Agreement, dated November 1, 2001, by and between Louisville Gas and Electric Company, and County of Trimble, Kentucky (Exhibit 4(rr)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(ii)-2 | - | Amendment No. 1 dated September 1, 2010, to said Loan Agreement by and between Louisville Gas and Electric Company, and County of Trimble, Kentucky (Exhibit 4(rr)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2010) |
| 4(jj) | - | 2016 Series A Trimble County Loan Agreement dated as of September 1, 2016 between Louisville Gas and Electric Company and the County of Trimble, Kentucky (Exhibit 4(a) to Louisville Gas and Electric Company Form 8-K (File No. 1-2893) dated September 15, 2016) |
| 4(kk) | - | Trust Deed, dated November 26, 2010, between Central Networks East plc and Central Networks West plc, the Issuers, and Deutsche Trustee Company Limited relating to Central Networks East plc and Central Network West plc £3 billion Euro Medium Term Note Programme (Exhibit 4(pp) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2015) |
| 4(ll)-1 | - | Indenture, dated April 21, 2011, between PPL WEM Holdings PLC, as Issuer, and The Bank of New York Mellon, as Trustee (Exhibit 10.2 to PPL Corporation Form 8-K Report (File No. 1-11459) dated April 21, 2011) |
First 8 of 13 rows. The CSV has all of them.
| 4(mm)-4 | - | £3,000,000,000 Euro Medium Term Note Programme entered into by Western Power Distribution (East Midlands) plc, Western Power Distribution (South Wales) plc, Western Power Distribution (South West) plc and Western Power Distribution (West Midlands) plc, dated as of September 15, 2017 (Exhibit 4(b) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2017) |
| 4(mm)-5 | - | Amended and Restated Trust Deed, relating to the £3,000,000,000 Euro Medium Term Note Programme of the Issuers, dated September 9, 2016, by and among Western Power Distribution (East Midlands) plc, Western Power Distribution (South Wales) plc, Western Power Distribution (South West) plc and Western Power Distribution (West Midlands) plc as Issuers, and HSBC Corporate Trustee Company (UK) Limited as Note Trustee (Exhibit 4(a)-1 to PPL Corporation 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 4(mm)-6 | - | Supplement Prospectus, dated March 15, 2018 to the £3,000,000,000 Euro Medium Term Note Programme, entered into by Western Power Distribution (East Midlands) plc, Western Power Distribution (South Wales) plc, Western Power Distribution (South West) plc and Western Power Distribution (West Midlands) plc, dated as of September 15, 2017 (Exhibit 4(a)-2 to PPL Corporation 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 4(mm)-7 | - | Amended and Restated Trust Deed, dated August 14, 2018, by and among Western Power Distribution (East Midlands) plc, Western Power Distribution (South Wales) plc, Western Power Distribution (South West) plc and Western Power Distribution (West Midlands) plc as Issuers, and HSBC Corporate Trustee Company (UK) Limited as Note Trustee (Exhibit 4(c) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2018) |
| *4(mm)-8 | - | Amended and Restated Trust Deed, dated August 12, 2019, by and among Western Power Distribution (East Midlands) plc, Western Power Distribution (South Wales) plc, Western Power Distribution (South West) plc and Western Power Distribution (West Midlands) plc as Issuers, and HSBC Corporate Trustee Company (UK) Limited as Note Trustee |
| 4(nn) | - | Trust Deed constituting £500 million 3.625% Senior Unsecured Notes due 2023, dated November 6, 2015, by and among Western Power Distribution plc as Issuer, and HSBC Corporate Trustee Company (UK) Limited as Note Trustee (Exhibit 4.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated November 6, 2015) |
| 4(oo) | - | Subscription Agreement, dated November 14, 2017, by and among Western Power Distribution(South West) plc as Issuer, HSBC Bank plc, Mizuho International plc, The Royal Bank of Scotland plc (trading as NatWest Markets), Banco Santander, S.A., Barclays Bank PLC, Lloyds Bank plc, Merrill Lynch International, MUFG Securities EMEA plc and RBC Europe Limited. (Exhibit 4.3 to PPL Corporation Form 8-K Report (File No. 1-11459) dated November 14, 2017). |
| 4(pp) | - | Trust Deed, dated October 16, 2018, between Western Power Distribution plc as Issuer, and HSBC Corporate Trustee Company (UK) Limited as Trustee (Exhibit 4(d) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2018) |
First 8 of 12 rows. The CSV has all of them.
| 10(a) | - | $300 million Revolving Credit Agreement, dated as of November 12, 2013, among PPL Capital Funding, Inc., as borrower, PPL Corporation, as Guarantor, the Lenders party thereof and PNC Bank National Association, as Administrative Agent, and Manufactures and Traders Trust as Syndication Agent (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated November 13, 2013) |
| 10(b)-1 | - | $150 million Revolving Credit Agreement, dated as of March 26, 2014, among PPL Capital Funding, Inc., as Borrower, PPL Corporation, as Guarantor and The Bank of Nova Scotia, as Administrative Agent, Issuing Lender and Lender (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated April 1, 2014) |
| 10(b)-2 | - | First Amendment to said Revolving Credit Agreement, dated as of March 17, 2015 (Exhibit 10(c)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2015) |
| 10(b)-3 | - | Second Amendment to said Revolving Credit Agreement, dated as of March 17, 2016 (Exhibit 10(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2016) |
| 10(b)-4 | - | Third Amendment to said Revolving Credit Agreement, dated as of March 17, 2017 (Exhibit 10(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2017) |
| 10(b)-5 | - | Fourth Amendment to said Revolving Credit Agreement, dated as of March 16, 2018 (Exhibit 10(b)-5 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2018) |
| 10(b)-6 | - | Fifth Amendment to said Revolving Credit Agreement, dated as of March 8, 2019 (Exhibit 10.2 to PPL Corporation Form 8-K Report (File No. 11459) dated March 8, 2019) |
| 10(c) | - | Employee Matters Agreement, among PPL Corporation, Talen Energy Corporation, C/R Energy Jade, LLC, Sapphire Power Holdings LLC. and Raven Power Holdings LLC, dated as of June 9, 2014 (Exhibit 10.1 to PPL Energy Supply, LLC Form 8-K Report (File No. 1-32944) dated June 12, 2014) |
First 8 of 14 rows. The CSV has all of them.
| 10(e)-1 | - | $300 million Revolving Credit Agreement, dated as of July 28, 2014, among PPL Capital Funding, Inc., as the Borrower, PPL Corporation, as the Guarantor, the Lenders from time to time party thereto and Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender (Exhibit 10(d) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2014) |
| 10(e)-2 | - | Amendment No. 1 to said Credit Agreement, dated as of January 29, 2016 (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated February 3, 2016) |
| 10(e)-3 | - | Commitment Extension and Increase Agreement and Amendment No. 2 to said Credit Agreement, dated as of December 1, 2016 (Exhibit 10(f)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2016) |
| 10(e)-4 | - | Commitment Extension Agreement and Amendment No. 3 to said Credit Agreement, dated as of January 26, 2018 (Exhibit 10(f)-4 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2017) |
| 10(e)-5 | - | Amendment No. 4 to said Credit Agreement, dated as of March 8, 2019 (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 8, 2019 |
| 10(f)-1 | - | $400 million Amended and Restated Revolving Credit Agreement, dated as of July 28, 2014, among Kentucky Utilities Company, as the Borrower, the Lenders from time to time party thereto and Wells Fargo Bank, National Association, as Administrative Agent, Issuing Lender and Swingline Lender (Exhibit 10(f) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2014) |
| 10(f)-2 | - | Amendment No. 1 to said Credit Agreement, dated as of January 29, 2016 (Exhibit 10.4 to PPL Corporation Form 8-K Report (File No. 1-11459) dated February 3, 2016) |
| 10(f)-3 | - | Commitment Extension Agreement and Amendment No. 2 to said Credit Agreement, dated as of January 4, 2017 (Exhibit 10(g)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2016) |
First 8 of 14 rows. The CSV has all of them.
| 10(g)-5 | - | Amendment No. 4 to said Credit Agreement, dated as of March 8, 2019 (Exhibit 10.4 to PPL Corporation Form 8-K Report (File No. 1-11459) dated March 8, 2019) |
| 10(h)-1 | - | Amendment and Restatement Agreement, dated July 29, 2014, between Western Power Distribution (South West) plc and the banks party thereto, as Bookrunners and Mandated Lead Arrangers, HSBC Bank plc and Mizuho Bank, Ltd., as Joint Coordinators, and Mizuho Bank, Ltd., as Facility Agent, relating to the £245 million Multicurrency Revolving Credit Facility Agreement originally dated January 12, 2012 (Exhibit 10(h) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2014) |
| 10(h)-2 | - | Amendment Agreement, dated March 21, 2018, between Western Power Distribution (South West) plc and the banks party thereto, as Bookrunners and Mandated Lead Arrangers, HSBC Bank plc and Mizuho Bank Ltd., as Joint Coordinators, and Mizuho Bank, Ltd., as Facility Agent, relating to the £245 million Multicurrency Revolving Credit Facility Agreement originally dated January 12, 2012 and amended and restated on July 29, 2014 (Exhibit 10(d) to PPL Corporation 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 10(i)-1 | - | Amendment and Restatement Agreement, dated July 29, 2014, between Western Power Distribution (East Midlands) plc and the banks party thereto, as Bookrunners and Mandated Lead Arrangers, HSBC Bank plc and Mizuho Bank Ltd., as Joint Coordinators, and Bank of America Merrill Lynch International Limited, as Facility Agent, relating to the £300 million Multicurrency Revolving Credit Facility Agreement originally dated April 4, 2011(Exhibit 10(i) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2014) |
| 10(i)-2 | - | Amendment Agreement, dated March 13, 2018, between Western Power Distribution (East Midlands) plc and the banks party thereto, as Bookrunners and Mandated Lead Arrangers, HSBC Bank plc and Mizuho Bank Ltd., as Joint Coordinators, and Bank of America Merrill Lynch International Limited, as Facility Agent, relating to the £300 million Multicurrency Revolving Credit Facility Agreement originally dated April 4, 2011 and amended and restated on July 29, 2014 (Exhibit 10(b) to PPL Corporation 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 10(j)-1 | - | Amendment and Restatement Agreement, dated July 29, 2014, between Western Power Distribution (West Midlands) plc and the banks party thereto, as Bookrunners and Mandated Lead Arrangers, HSBC Bank plc and Mizuho Bank Ltd., as Joint Coordinators, and Bank of America Merrill Lynch International Limited, as Facility Agent, relating to the £300 million Multicurrency Revolving Credit Facility Agreement originally dated April 4, 2011(Exhibit 10(j) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2014) |
| 10(j)-2 | - | Amendment Agreement, dated March 13, 2018, between Western Power Distribution (West Midlands) plc and the banks party thereto, as Bookrunners and Mandated Lead Arrangers, HSBC Bank plc and Mizuho Bank Ltd., as Joint Coordinators, and Bank of America Merrill Lynch International Limited, as Facility Agent, relating to the £300 million Multicurrency Revolving Credit Facility Agreement originally dated April 4, 2011 and amended and restated on July 29, 2014 (Exhibit 10(a) to PPL Corporation 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 10(k) | - | £210 million Multicurrency Revolving Credit Facility Agreement, dated January 13 2016, among Western Power Distribution plc and HSBC Bank PLC and Mizuho Bank, Ltd. as Joint Coordinators and Bookrunners, Mizuho Bank, Ltd. as Facility Agent and the other banks party thereto as Mandated Lead Arrangers (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated January 19, 2016) |
First 8 of 10 rows. The CSV has all of them.
| 10(n) | - | £75,000,000 Facility Letter entered into between Western Power Distribution (South West) plc and Svenska Handelsbanken AB dated as of February 28, 2018 (Exhibit 10(f) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| 10(o) | - | Confirmation of Forward Sale Transaction, dated May 8, 2018, between the Company and JPMorgan Chase Bank, National Association, London Branch (Exhibit 10.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(p) | - | Confirmation of Forward Sale Transaction, dated May 8, 2018, between the Company and Barclays Bank PLC (Exhibit 10.2 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(q) | - | Additional Confirmation of Forward Sale Transaction, dated May 10, 2018, between the Company and JPMorgan Chase Bank, National Association, London Branch (Exhibit 10.3 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(r) | - | Additional Confirmation of Forward Sale Transaction, dated May 8, 2018, between the Company and Barclays Bank PLC (Exhibit 10.4 to PPL Corporation Form 8-K Report (File No. 1-11459) dated May 11, 2018) |
| 10(s) | - | £50,000,000 Facility Agreement dated as of June 7, 2019, among Western Power Distribution plc, as the Borrower, National Westminster Bank plc as Original Lender, and National Westminster Bank plc as Agent (Exhibit 10(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2019) |
| [_]10(t)-1 | - | Amended and Restated Directors Deferred Compensation Plan, dated June 12, 2000 (Exhibit 10(h) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2000) |
| [_]10(t)-2 | - | Amendment No. 1 to said Directors Deferred Compensation Plan, dated December 18, 2002 (Exhibit 10(m)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2002) |
First 8 of 14 rows. The CSV has all of them.
| [_]10(u)-2 | - | PPL Officers Deferred Compensation Plan, PPL Supplemental Executive Retirement Plan and PPL Supplemental Compensation Pension Plan Trust Agreement, dated as of April 1, 2001, between PPL Corporation and Wachovia Bank, N.A. (as successor to First Union National Bank), as Trustee (Exhibit 10(hh)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2012) |
| [_]10(u)-3 | - | PPL Revocable Employee Nonqualified Plans Trust Agreement, dated as of March 20, 2007, between PPL Corporation and Wachovia Bank, N.A., as Trustee (Exhibit 10(c) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2007) |
| [_]10(u)-4 | - | PPL Employee Change in Control Agreements Trust Agreement, dated as of March 20, 2007, between PPL Corporation and Wachovia Bank, N.A., as Trustee (Exhibit 10(d) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2007) |
| [_]10(u)-5 | - | PPL Revocable Director Nonqualified Plans Trust Agreement, dated as of March 20, 2007, between PPL Corporation and Wachovia Bank, N.A., as Trustee (Exhibit 10(e) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2007) |
| [_]10(v)-1 | - | Amended and Restated Officers Deferred Compensation Plan, dated December 8, 2003 (Exhibit 10(r) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2003) |
| [_]10(v)-2 | - | Amendment No. 1 to said Officers Deferred Compensation Plan, dated as of January 1, 2005 (Exhibit 10(ee)-1 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2005) |
| [_]10(v)-3 | - | Amendment No. 2 to said Officers Deferred Compensation Plan, dated as of January 22, 2007 (Exhibit 10(bb)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
| [_]10(v)-4 | - | Amendment No. 3 to said Officers Deferred Compensation Plan, dated as of June 1, 2008 (Exhibit 10(z)-4 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2008) |
First 8 of 14 rows. The CSV has all of them.
| [_]10(w)-3 | - | Amendment No. 2 to said Supplemental Executive Retirement Plan, dated as of January 1, 2005 (Exhibit 10(ff)-3 to PPL Corporation Form 10-K Report (File 1-11459) for the year ended December 31, 2005) |
| [_]10(w)-4 | - | Amendment No. 3 to said Supplemental Executive Retirement Plan, dated as of January 22, 2007 (Exhibit 10(cc)-4 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
| [_]10(w)-5 | - | Amendment No. 4 to said Supplemental Executive Retirement Plan, dated as of December 9, 2008 (Exhibit 10(aa)-5 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2008) |
| [_]10(w)-6 | - | Amendment No. 5 to said Supplemental Executive Retirement Plan, dated as of February 15, 2012 (Exhibit 10(gg)-6 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2011) |
| [_]10(w)-7 | - | Amendment No. 6 to the Amended and Restated Supplemental Executive Retirement Plan, dated March 23, 2018 (Exhibit 10(g) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2018) |
| [_]10(x)-1 | - | Amended and Restated Incentive Compensation Plan, effective January 1, 2003 (Exhibit 10(p) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2002) |
| [_]10(x)-2 | - | Amendment No. 1 to said Incentive Compensation Plan, dated as of January 1, 2005 (Exhibit 10(gg)-2 to PPL Corporation Form 10-K Report (File 1-11459) for the year ended December 31, 2005) |
| [_]10(x)-3 | - | Amendment No. 2 to said Incentive Compensation Plan, dated as of January 26, 2007 (Exhibit 10(dd)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
First 8 of 16 rows. The CSV has all of them.
| [_]10(aa) | - | Employment letter, dated May 31, 2006, between PPL Services Corporation and William H. Spence (Exhibit 10(pp) to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2006) |
| [_]10(bb) | - | Form of Retention Agreement entered into between PPL Corporation and Gregory N. Dudkin (Exhibit 10(h) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2007) |
| [_]10(cc)-1 | - | Form of Severance Agreement entered into between PPL Corporation and William H. Spence (Exhibit 10(i) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2007) |
| [_]10(cc)-2 | - | Amendment to said Severance Agreement (Exhibit 10(a) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended June 30, 2009) |
| [_]10(dd) | - | Form of Change in Control Severance Protection Agreement entered into between PPL Corporation and Joseph P. Bergstein, Jr., Gregory N. Dudkin, Joanne H. Raphael, Vincent Sorgi, Philip Swift, and Paul W. Thompson (Exhibit 10(b) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended March 31, 2012) |
| [_]10(ee)-1 | - | PPL Corporation Amended and Restated 2012 Stock Incentive Plan, effective October 25, 2018 (Exhibit 10(b) to PPL Corporation Form 10-Q Report (File No. 1-11459) for the quarter ended September 30, 2018) |
| [_]10(ee)-2 | - | Form of Performance Unit Agreement for performance unit awards under the Stock Incentive Plan (Exhibit 10(tt)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2012) |
| [_]10(ee)-3 | - | Form of Performance Contingent Restricted Stock Unit Agreement for restricted stock unit awards under the Stock Incentive Plan (Exhibit 10(tt)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2012) |
First 8 of 15 rows. The CSV has all of them.
| [_]10(ii)-2 | - | Ill-Health Retirement Arrangement letter agreement dated March 2, 2016, between Western Power Distribution (South West) plc and Philip Swift (Exhibit [_]10(kk)-2 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2018) |
| [_]10(ii)-3 | - | Pension Arrangement letter agreement dated March 2, 2016, between Western Power Distribution (South West) plc and Philip Swift (Exhibit [_]10(kk)-3 to PPL Corporation Form 10-K Report (File No. 1-11459) for the year ended December 31, 2018) |
| *21 | - | Subsidiaries of PPL Corporation |
| *23(a) | - | Consent of Deloitte & Touche LLP - PPL Corporation |
| *23(b) | - | Consent of Deloitte & Touche LLP - PPL Electric Utilities Corporation |
| *23(c) | - | Consent of Deloitte & Touche LLP - LG&E and KU Energy LLC |
| *23(d) | - | Consent of Deloitte & Touche LLP - Louisville Gas and Electric Company |
| *23(e) | - | Consent of Deloitte & Touche LLP - Kentucky Utilities Company |
First 8 of 17 rows. The CSV has all of them.
| *31(i) | - | Certificate of KU's principal executive officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| *31(j) | - | Certificate of KU's principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| *32(a) | - | Certificate of PPL's principal executive officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| *32(b) | - | Certificate of PPL Electric's principal executive officer and principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| *32(c) | - | Certificate of LKE's principal executive officer and principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| *32(d) | - | Certificate of LG&E's principal executive officer and principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| *32(e) | - | Certificate of KU's principal executive officer and principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |
| *99(a) | - | PPL Corporation and Subsidiaries Long-term Debt Schedule |
First 8 of 14 rows. The CSV has all of them.