← Filings of PPL
Tables in the 10-Q of PPL Corp
129 tables with numbers, filed Aug 10, 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 STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | |
| FORM 10-Q | |
| ☒ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the quarterly period ended June 30, 2020 |
| OR | |
| ☐ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from _________ to ___________ |
| Commission FileNumber | Registrant; State of Incorporation;Address and Telephone Number | IRS EmployerIdentification No. |
| 1-11459 | PPL Corporation(Exact name of Registrant as specified in its charter)PennsylvaniaTwo North Ninth StreetAllentown, PA 18101-1179(610) 774-5151 | 23-2758192 |
| 1-905 | PPL Electric Utilities Corporation(Exact name of Registrant as specified in its charter)PennsylvaniaTwo North Ninth StreetAllentown, PA 18101-1179(610) 774-5151 | 23-0959590 |
| 333-173665 | LG&E and KU Energy LLC(Exact name of Registrant as specified in its charter)Kentucky220 West Main StreetLouisville, KY 40202-1377(502) 627-2000 | 20-0523163 |
| 1-2893 | Louisville Gas and Electric Company(Exact name of Registrant as specified in its charter)Kentucky220 West Main StreetLouisville, KY 40202-1377(502) 627-2000 | 61-0264150 |
| 1-3464 | Kentucky Utilities Company(Exact name of Registrant as specified in its charter)(Kentucky and Virginia)One Quality StreetLexington, KY 40507-1462(502) 627-2000 | 61-0247570 |
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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| | | | Page |
| GLOSSARY OF TERMS AND ABBREVIATIONS | | | | i |
| FORWARD-LOOKING INFORMATION | | | | 1 |
| PART I. FINANCIAL INFORMATION | | | | |
| Item 1. Financial Statements | | | |
| | PPL Corporation and Subsidiaries | | |
| | | Condensed Consolidated Statements of Income | 3 |
| | | Condensed Consolidated Statements of Comprehensive Income | 4 |
First 8 of 31 rows. The CSV has all of them.
| Combined Notes to Condensed Financial Statements (Unaudited) | | | |
| | Index to Combined Notes to Condensed Financial Statements | | 33 |
| | 1. Interim Financial Statements | | 33 |
| | 2. Summary of Significant Accounting Policies | | 33 |
| | 3. Segment and Related Information | | 36 |
| | 4. Revenue from Contracts with Customers | | 37 |
| | 5. Earnings Per Share | | 39 |
| | 6. Income Taxes | | 40 |
First 8 of 49 rows. The CSV has all of them.
Table 5 after “(Millions of Dollars, except share data)”
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| Three Months Ended June 30, | | | Six Months Ended June 30, | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | $1,739 | | $1,803 | | $3,793 | $3,882 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Fuel | 138 | | 168 | | 301 | 362 |
| Energy purchases | 133 | | 138 | | 334 | 388 |
| Other operation and maintenance | 487 | | 482 | | 963 | 972 |
First 8 of 24 rows. The CSV has all of them.
| Three Months Ended June 30, | | | Six Months Ended June 30, | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Net income | $344 | | $441 | | $898 | $907 |
| Other comprehensive income (loss): | | | | | | |
| Amounts arising during the period - gains (losses), net of tax (expense) benefit: | | | | | | |
| Foreign currency translation adjustments, net of tax of $1, $0, $1, $0 | (291) | | (377) | | (352) | (83) |
| Qualifying derivatives, net of tax of ($6), ($8), ($8), ($4) | 28 | | 35 | | 36 | 16 |
| Defined benefit plans: | | | | | | |
First 8 of 16 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $898 | | $907 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 636 | | 584 |
| Amortization | 29 | | 31 |
| Defined benefit plans - (income) expense | (105) | | (135) |
First 8 of 51 rows. The CSV has all of them.
Table 8 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $1,278 | | $815 |
| Accounts receivable (less reserve: 2020, $66; 2019, $58) | | | |
| Customer | 665 | | 687 |
| Other | 106 | | 105 |
| Unbilled revenues (less reserve: 2020, $2; 2019, $0) | 388 | | 504 |
First 8 of 31 rows. The CSV has all of them.
Table 9 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $828 | | $1,151 |
| Long-term debt due within one year | 2,058 | | 1,172 |
| Accounts payable | 804 | | 956 |
| Taxes | 76 | | 99 |
| Interest | 232 | | 294 |
First 8 of 30 rows. The CSV has all of them.
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | | Earnings reinvested | Accumulated other comprehensive loss | | Total | | | |
| March 31, 2020 | 768,266 | | $8 | | | $12,239 | | $5,360 | | | $(4,366) | $13,241 |
| Common stock issued | 517 | | | | 13 | | | | | | 13 | |
| Stock-based compensation | | | | 3 | | | | | | 3 | | |
| Net income | | | | | | 344 | | | | 344 | | |
| Dividends and dividend equivalents (b) | | | | | | (321) | | | | (321) | | |
| Other comprehensive income (loss) | | | | | | | (236) | | | (236) | | |
| June 30, 2020 | 768,783 | | $8 | | | $12,255 | | $5,383 | | | $(4,602) | $13,044 |
First 8 of 30 rows. The CSV has all of them.
| Three Months Ended June 30, | | | Six Months Ended June 30, | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | $554 | | $521 | | $1,162 | $1,166 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Energy purchases | 111 | | 110 | | 255 | 281 |
| Other operation and maintenance | 129 | | 130 | | 266 | 280 |
| Depreciation | 101 | | 96 | | 199 | 191 |
First 8 of 17 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $236 | | $215 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 199 | | 191 |
| Amortization | 13 | | 11 |
| Deferred income taxes and investment tax credits | 61 | | 36 |
First 8 of 40 rows. The CSV has all of them.
Table 13 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $13 | | $262 |
| Accounts receivable (less reserve: 2020, $35; 2019, $28) | | | |
| Customer | 279 | | 258 |
| Other | 21 | | 22 |
| Accounts receivable from affiliates | 10 | | 11 |
First 8 of 26 rows. The CSV has all of them.
Table 14 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $200 | | $— |
| Accounts payable | 370 | | 438 |
| Accounts payable to affiliates | 41 | | 32 |
| Taxes | 2 | | 13 |
| Interest | 40 | | 41 |
First 8 of 25 rows. The CSV has all of them.
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Total | | |
| March 31, 2020 | 66,368 | | $364 | | $3,558 | | $863 | $4,785 |
| Net income | | | | | 118 | | 118 | |
| Capital contributions from parent | | | | 255 | | | 255 | |
| Return of capital to parent | | | | (260) | | | (260) | |
| Dividends declared on common stock | | | | | (81) | | (81) | |
| June 30, 2020 | 66,368 | | $364 | | $3,553 | | $900 | $4,817 |
| December 31, 2019 | 66,368 | | $364 | | $3,558 | | $910 | $4,832 |
First 8 of 21 rows. The CSV has all of them.
| Three Months Ended June 30, | | | Six Months Ended June 30, | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | $700 | | $732 | | $1,525 | $1,577 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Fuel | 138 | | 168 | | 301 | 362 |
| Energy purchases | 22 | | 27 | | 79 | 106 |
| Other operation and maintenance | 207 | | 208 | | 411 | 422 |
First 8 of 18 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $218 | | $230 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 300 | | 258 |
| Amortization | 10 | | 16 |
| Defined benefit plans - expense | 7 | | 5 |
First 8 of 45 rows. The CSV has all of them.
| June 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $152 | | $27 |
| Accounts receivable (less reserve: 2020, $27; 2019, $28) | | | |
| Customer | 233 | | 260 |
| Other | 62 | | 71 |
| Unbilled revenues (less reserve: 2020, $0; 2019, $0) | 149 | | 164 |
First 8 of 26 rows. The CSV has all of them.
| June 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $— | | $388 |
| Long-term debt due within one year | 1,371 | | 975 |
| Notes payable with affiliates | 252 | | 150 |
| Accounts payable | 253 | | 316 |
| Accounts payable to affiliates | 9 | | 11 |
First 8 of 32 rows. The CSV has all of them.
| Member's Equity |
| March 31, 2020 | $5,026 |
| Net income | 83 |
| Distributions to member | (88) |
| Other comprehensive income (loss) | 1 |
| June 30, 2020 | $5,022 |
| December 31, 2019 | $4,942 |
| Net income | 218 |
First 8 of 23 rows. The CSV has all of them.
| Three Months Ended June 30, | | | Six Months Ended June 30, | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | | | | | | |
| Retail and wholesale | $320 | | $328 | | $713 | $725 |
| Electric revenue from affiliate | 2 | | 6 | | 16 | 19 |
| Total Operating Revenues | 322 | | 334 | | 729 | 744 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
First 8 of 21 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $120 | | $108 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 129 | | 107 |
| Amortization | 4 | | 11 |
| Defined benefit plans - expense | 1 | | 1 |
First 8 of 44 rows. The CSV has all of them.
Table 23 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $5 | | $15 |
| Accounts receivable (less reserve: 2020, $1; 2019, $1) | | | |
| Customer | 107 | | 121 |
| Other | 31 | | 41 |
| Unbilled revenues (less reserve: 2020, $0; 2019, $0) | 68 | | 76 |
First 8 of 27 rows. The CSV has all of them.
Table 24 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $— | | $238 |
| Long-term debt due within one year | 264 | | — |
| Notes payable with affiliate | 190 | | — |
| Accounts payable | 131 | | 172 |
| Accounts payable to affiliates | 22 | | 31 |
First 8 of 32 rows. The CSV has all of them.
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Total | | |
| March 31, 2020 | 21,294 | | $424 | | $1,845 | | $562 | $2,831 |
| Net income | | | | | 47 | | 47 | |
| Capital contributions from parent | | | | 28 | | | 28 | |
| Cash dividends declared on common stock | | | | | (47) | | (47) | |
| June 30, 2020 | 21,294 | | $424 | | $1,873 | | $562 | $2,859 |
| December 31, 2019 | 21,294 | | $424 | | $1,820 | | $518 | $2,762 |
| Net income | | | | | 120 | | 120 | |
First 8 of 21 rows. The CSV has all of them.
| Three Months Ended June 30, | | | Six Months Ended June 30, | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | | | | | | |
| Retail and wholesale | $380 | | $404 | | $812 | $852 |
| Electric revenue from affiliate | 8 | | 2 | | 8 | 4 |
| Total Operating Revenues | 388 | | 406 | | 820 | 856 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
First 8 of 21 rows. The CSV has all of them.
| Six Months Ended June 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $133 | | $142 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 170 | | 150 |
| Amortization | 4 | | 5 |
| Deferred income taxes and investment tax credits | 5 | | 29 |
First 8 of 43 rows. The CSV has all of them.
Table 28 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $145 | | $12 |
| Accounts receivable (less reserve: 2020, $1; 2019, $1) | | | |
| Customer | 126 | | 139 |
| Other | 28 | | 27 |
| Unbilled revenues (less reserve: 2020, $0; 2019, $0) | 81 | | 88 |
First 8 of 27 rows. The CSV has all of them.
Table 29 after “(Millions of Dollars, shares in thousands)”
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| June 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $— | | $150 |
| Long-term debt due within one year | 632 | | 500 |
| Accounts payable | 103 | | 121 |
| Accounts payable to affiliates | 39 | | 52 |
| Customer deposits | 32 | | 31 |
First 8 of 29 rows. The CSV has all of them.
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | | Total | | |
| March 31, 2020 | 37,818 | | $308 | | $2,766 | $580 | | | $3,654 |
| Net income | | | | | 53 | | | 53 | |
| Cash dividends declared on common stock | | | | | (52) | | | (52) | |
| June 30, 2020 | 37,818 | | $308 | | $2,766 | $581 | | | $3,655 |
| December 31, 2019 | 37,818 | | $308 | | $2,729 | $537 | | | $3,574 |
| Net income | | | | | 133 | | | 133 | |
| Capital contributions from parent | | | | 37 | | | | 37 | |
First 8 of 20 rows. The CSV has all of them.
Table 31 after “The notes to the condensed financial statements that follow are a combined presentation. The following list indicates the Registrants to whi”
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| Registrant | | | | |
| PPL | PPL Electric | LKE | LG&E | KU |
| 1. Interim Financial Statements | x | x | x | x | x |
| 2. Summary of Significant Accounting Policies | x | x | x | x | x |
| 3. Segment and Related Information | x | x | x | x | x |
| 4. Revenue from Contracts with Customers | x | x | x | x | x |
| 5. Earnings Per Share | x | | | | |
| 6. Income Taxes | x | x | x | x | x |
First 8 of 19 rows. The CSV has all of them.
Table 32 after “The following provides a reconciliation of Cash, Cash Equivalents and Restricted Cash reported within the Balance Sheets that sum to the tot”
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| PPL | | | PPL Electric | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | |
| Cash and cash equivalents | $1,278 | | $815 | | $13 | $262 |
| Restricted cash - current (a) | 3 | | 3 | | 2 | 2 |
| Restricted cash - noncurrent (a) | 20 | | 18 | | — | — |
| Total Cash, Cash Equivalents and Restricted Cash | $1,301 | | $836 | | $15 | $264 |
Table 33 after “The following table shows changes in the allowance for credit losses for the six months ended June 30, 2020:”
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| Balance at Beginning of Period (a) | Charged to Income | | Deductions (b) | Balance at End of Period | |
| PPL | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $30 | | $15 | | $7 | $38 |
| Other (c) | 27 | | 1 | | 1 | 27 |
| PPL Electric | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $25 | | $9 | | $3 | $31 |
| Other | 1 | | 1 | | — | 2 |
| Balance at Beginning of Period (a) | Charged to Income | | Deductions (b) | Balance at End of Period | |
| LKE | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $2 | | $3 | | $3 | $2 |
| Other (c) | 26 | | — | | 1 | 25 |
| LG&E | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $1 | | $1 | | $1 | $1 |
| KU | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $1 | | $2 | | $2 | $1 |
Table 35 after “Income Statement data for the segments and reconciliation to PPL's consolidated results for the periods ended June 30 are as follows:”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues from external customers | | | | | | |
| U.K. Regulated | $476 | | $541 | | $1,090 | $1,124 |
| Kentucky Regulated | 700 | | 732 | | 1,525 | 1,577 |
| Pennsylvania Regulated | 554 | | 521 | | 1,162 | 1,166 |
| Corporate and Other | 9 | | 9 | | 16 | 15 |
| Total | $1,739 | | $1,803 | | $3,793 | $3,882 |
First 8 of 14 rows. The CSV has all of them.
Table 36 after “The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated Balance Sheets as of:”
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| June 30, 2020 | December 31, 2019 | |
| Assets | | | |
| U.K. Regulated (a) (b) | $17,479 | | $17,622 |
| Kentucky Regulated | 15,802 | | 15,597 |
| Pennsylvania Regulated | 12,036 | | 11,918 |
| Corporate and Other (c) | 1,203 | | 543 |
| Total | $46,520 | | $45,680 |
Table 37 after “The following tables reconcile "Operating Revenues" included in each Registrant's Statement of Income with revenues generated from contracts”
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| 2020 Three Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $1,739 | | $554 | | $700 | | $322 | $388 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | (8) | | (1) | | (7) | | (1) | (6) |
| Other (c) | (7) | | (1) | | (4) | | (1) | (3) |
| Revenues from Contracts with Customers | $1,724 | | $552 | | $689 | | $320 | $379 |
| 2019 Three Months | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 38 after “The following tables reconcile "Operating Revenues" included in each Registrant's Statement of Income with revenues generated from contracts”
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| 2020 Six Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $3,793 | | $1,162 | | $1,525 | | $729 | $820 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | (11) | | (1) | | (10) | | (4) | (6) |
| Other (c) | (17) | | (3) | | (10) | | (4) | (6) |
| Revenues from Contracts with Customers | $3,765 | | $1,158 | | $1,505 | | $721 | $808 |
| 2019 Six Months | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 39 after “The following tables show revenues from contracts with customers disaggregated by customer class for the periods ended June 30.”
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| 2020 Three Months | | | | | | | |
| PPL (d) | PPL Electric (d) | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $449 | | $— | | $— | | $— | $— |
| Residential | 583 | | 290 | | 293 | | 149 | 144 |
| Commercial | 274 | | 74 | | 200 | | 100 | 100 |
| Industrial | 134 | | 12 | | 122 | | 38 | 84 |
| Other (b) | 108 | | 12 | | 62 | | 28 | 34 |
| Wholesale - municipality | 3 | | — | | 3 | | — | 3 |
First 8 of 22 rows. The CSV has all of them.
Table 40 after “The following tables show revenues from contracts with customers disaggregated by customer class for the periods ended June 30.”
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| 2020 Six Months | | | | | | | |
| PPL (d) | PPL Electric (d) | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $1,032 | | $— | | $— | | $— | $— |
| Residential | 1,297 | | 634 | | 663 | | 336 | 327 |
| Commercial | 586 | | 155 | | 431 | | 224 | 207 |
| Industrial | 278 | | 20 | | 258 | | 83 | 175 |
| Other (b) | 224 | | 26 | | 128 | | 56 | 72 |
| Wholesale - municipality | 8 | | — | | 8 | | — | 8 |
First 8 of 22 rows. The CSV has all of them.
Table 41 after “The following table shows the accounts receivable and unbilled revenues balances that were impaired for the periods ended June 30.”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL | $7 | | $2 | | $15 | $11 |
| PPL Electric | 5 | | — | | 9 | 6 |
| LKE | 1 | | 1 | | 3 | 3 |
| LG&E | — | | — | | 1 | 1 |
| KU | 1 | | 1 | | 2 | 2 |
Table 42 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 at December 31, 2019 | $44 | | $21 | | $9 | | $5 | $4 |
| Contract liabilities at June 30, 2020 | 37 | | 16 | | 9 | | 4 | 5 |
| Revenue recognized during the six months ended June 30, 2020 that was included in the contract liability balance at December 31, 2019 | 28 | | 9 | | 9 | | 5 | 4 |
| Contract liabilities at December 31, 2018 | $42 | | $23 | | $9 | | $5 | $4 |
| Contract liabilities at June 30, 2019 | 47 | | 22 | | 9 | | 5 | 4 |
| Revenue recognized during the six months ended June 30, 2019 that was included in the contract liability balance at December 31, 2018 | 29 | | 11 | | 9 | | 5 | 4 |
Table 43 after “Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended June 30 used in the EPS calcula”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Income (Numerator) | | | | | | |
| Net income | $344 | | $441 | | $898 | $907 |
| Less amounts allocated to participating securities | 1 | | 1 | | 1 | 1 |
| Net income available to PPL common shareowners - Basic and Diluted | $343 | | $440 | | $897 | $906 |
| Shares of Common Stock (Denominator) | | | | | | |
| Weighted-average shares - Basic EPS | 768,768 | | 721,785 | | 768,358 | 721,406 |
First 8 of 16 rows. The CSV has all of them.
Table 44 after “For the periods ended June 30, PPL issued common stock related to stock-based compensation plans and the DRIP as follows (in thousands):”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Stock-based compensation plans | 9 | | 52 | | 607 | 642 |
| DRIP | 509 | | 417 | | 943 | 875 |
Table 45 after “For the periods ended June 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effect wou”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Stock-based compensation awards | 1,170 | | — | | 710 | — |
Table 46 after “Reconciliations of income tax expense (benefit) for the periods ended June 30 are as follows.”
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| (PPL) | | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $88 | | $110 | | $234 | $235 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 11 | | 8 | | 24 | 21 |
| Valuation allowance adjustments (a) | 7 | | 7 | | 13 | 14 |
| Impact of lower U.K. income tax rates | (9) | | (6) | | (20) | (14) |
First 8 of 14 rows. The CSV has all of them.
Table 47 after “(a) During the second quarter of 2019, LKE recorded a deferred income tax benefit associated with two projects placed into service that prep”
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| (PPL Electric) | | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $33 | | $26 | | $67 | $61 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 12 | | 10 | | 25 | 23 |
| Depreciation and other items not normalized | (2) | | (1) | | (4) | (3) |
| Amortization of excess deferred federal and state income taxes | (5) | | (4) | | (8) | (8) |
First 8 of 11 rows. The CSV has all of them.
Table 48 after “(a) During the second quarter of 2019, LKE recorded a deferred income tax benefit associated with two projects placed into service that prep”
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| (LKE) | | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $21 | | $23 | | $56 | $56 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 4 | | 4 | | 11 | 10 |
| Valuation allowance adjustments (a) | — | | 3 | | — | 3 |
| Amortization of excess deferred federal and state income taxes | (6) | | (6) | | (13) | (12) |
First 8 of 12 rows. The CSV has all of them.
Table 49 after “During the second quarter of 2019, LKE recorded a deferred income tax benefit associated with two projects placed into service that prepare ”
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| (LG&E) | | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $12 | | $12 | | $32 | $29 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 2 | | 2 | | 6 | 5 |
| Valuation allowance adjustments (a) | — | | 15 | | — | 15 |
| Amortization of excess deferred federal and state income taxes | (2) | | (2) | | (5) | (5) |
First 8 of 12 rows. The CSV has all of them.
| (KU) | | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $13 | | $16 | | $34 | $37 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 3 | | 3 | | 6 | 7 |
| Valuation allowance adjustments (a) | — | | 5 | | — | 5 |
| Amortization of excess deferred federal and state income taxes | (4) | | (4) | | (8) | (7) |
First 8 of 12 rows. The CSV has all of them.
Table 51 after “The following table provides information about the regulatory assets and liabilities of cost-based rate-regulated utility operations.”
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| PPL | | | PPL Electric | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | |
| Current Regulatory Assets: | | | | | | |
| Plant outage costs | $41 | | $32 | | $— | $— |
| Gas supply clause | 4 | | 8 | | — | — |
| Smart meter rider | 17 | | 13 | | 17 | 13 |
| Transmission formula rate | 4 | | 3 | | 4 | 3 |
| Transmission service charge | 10 | | 10 | | 10 | 10 |
First 8 of 10 rows. The CSV has all of them.
| PPL | | | PPL Electric | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | |
| Noncurrent Regulatory Assets: | | | | | | |
| Defined benefit plans | $779 | | $800 | | $452 | $467 |
| Storm costs | 31 | | 39 | | 11 | 15 |
| Unamortized loss on debt | 35 | | 41 | | 13 | 18 |
| Interest rate swaps | 28 | | 22 | | — | — |
| Terminated interest rate swaps | 78 | | 81 | | — | — |
First 8 of 13 rows. The CSV has all of them.
| PPL | | | PPL Electric | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | |
| Current Regulatory Liabilities: | | | | | | |
| Generation supply charge | $23 | | $23 | | $23 | $23 |
| Environmental cost recovery | 1 | | 5 | | — | — |
| Universal service rider | 7 | | 9 | | 7 | 9 |
| Fuel adjustment clause | 8 | | 8 | | — | — |
| TCJA customer refund | 28 | | 61 | | 28 | 59 |
First 8 of 20 rows. The CSV has all of them.
| LKE | | | LG&E | | KU | | | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | June 30, 2020 | | December 31, 2019 | | |
| Current Regulatory Assets: | | | | | | | | | | |
| Plant outage costs | $41 | | $32 | | $14 | | $16 | | $27 | $16 |
| Gas supply clause | 4 | | 8 | | 4 | | 8 | | — | — |
| Other | 6 | | 1 | | 5 | | 1 | | 1 | — |
| Total current regulatory assets | $51 | | $41 | | $23 | | $25 | | $28 | $16 |
| LKE | | | LG&E | | KU | | | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | June 30, 2020 | | December 31, 2019 | | |
| Noncurrent Regulatory Assets: | | | | | | | | | | |
| Defined benefit plans | $327 | | $333 | | $199 | | $206 | | $128 | $127 |
| Storm costs | 20 | | 24 | | 12 | | 14 | | 8 | 10 |
| Unamortized loss on debt | 22 | | 23 | | 13 | | 14 | | 9 | 9 |
| Interest rate swaps | 28 | | 22 | | 28 | | 22 | | — | — |
| Terminated interest rate swaps | 78 | | 81 | | 46 | | 47 | | 32 | 34 |
First 8 of 11 rows. The CSV has all of them.
| LKE | | | LG&E | | KU | | | | |
| June 30, 2020 | December 31, 2019 | | June 30, 2020 | December 31, 2019 | June 30, 2020 | | December 31, 2019 | | |
| Current Regulatory Liabilities: | | | | | | | | | | |
| Environmental cost recovery | $1 | | $5 | | $— | | $1 | | $1 | $4 |
| Demand side management | 3 | | 3 | | 1 | | 1 | | 2 | 2 |
| Fuel adjustment clause | 8 | | 8 | | 3 | | — | | 5 | 8 |
| Other | 2 | | 3 | | — | | — | | 2 | 3 |
| Total current regulatory liabilities | $14 | | $19 | | $4 | | $2 | | $10 | $17 |
First 8 of 16 rows. The CSV has all of them.
| June 30, 2020 | | | | | | | | December 31, 2019 | | | | | | | | | |
| Expiration Date | Capacity | | Borrowed | | Letters of Credit and Commercial Paper Issued | | Unused Capacity | Borrowed | | Letters of Credit and Commercial Paper Issued | | | | | | | |
| PPL | | | | | | | | | | | | | | | | | | |
| U.K. | | | | | | | | | | | | | | | | | | |
| WPD plc | | | | | | | | | | | | | | | | | | |
| Syndicated Credit Facility (a) | Jan. 2023 | £ | 210 | | | £ | 162 | | £ | — | | £ | 48 | | £ | 155 | £ | — |
| WPD (South West) | | | | | | | | | | | | | | | | | | |
| Syndicated Credit Facility (b) | May 2023 | 220 | | | — | | | — | | 220 | | 40 | | — | | | | |
First 8 of 33 rows. The CSV has all of them.
Table 58 after “The following commercial paper programs were in place at:”
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| June 30, 2020 | | | | | December 31, 2019 | | | |
| Weighted - Average Interest Rate | Capacity | Commercial Paper Issuances | | Unused Capacity | Weighted - Average Interest Rate | Commercial Paper Issuances | | |
| PPL Capital Funding | —% | $1,500 | | $— | | $1,500 | | 2.13% | $450 |
| PPL Electric | 0.26% | 650 | | 200 | | 450 | | | — |
| LG&E | —% | 350 | | — | | 350 | | 2.07% | 238 |
| KU | —% | 350 | | — | | 350 | | 2.02% | 150 |
| Total | | $2,850 | | $200 | | $2,650 | | | $838 |
Table 59 after “Following are the net periodic defined benefit costs (credits) of the plans sponsored by PPL and its subsidiaries, LKE, and LG&E for the per”
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| Pension Benefits | | | | | | | | | | | | |
| Three Months | | | | | Six Months | | | | | | | |
| U.S. | | | U.K. | | U.S. | | | U.K. | | | | |
| 2020 | 2019 | | 2020 | 2019 | 2020 | | 2019 | 2020 | 2019 | | | |
| PPL | | | | | | | | | | | | | |
| Service cost | $15 | | $12 | | $21 | | $17 | | $28 | | $25 | $44 | $34 |
| Interest cost | 36 | | 41 | | 35 | | 48 | | 74 | | 82 | 71 | 95 |
| Expected return on plan assets | (63) | | (61) | | (151) | | (150) | | (123) | | (122) | (309) | (298) |
First 8 of 14 rows. The CSV has all of them.
Table 60 after “Following are the net periodic defined benefit costs (credits) of the plans sponsored by PPL and its subsidiaries, LKE, and LG&E for the per”
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| Pension Benefits | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| LKE | | | | | | |
| Service cost | $7 | | $5 | | $12 | $11 |
| Interest cost | 13 | | 17 | | 29 | 33 |
| Expected return on plan assets | (26) | | (26) | | (50) | (51) |
| Amortization of: | | | | | | |
First 8 of 11 rows. The CSV has all of them.
Table 61 after “million for the three and six months ended June 30, 2019. This difference is recorded as a regulatory asset.”
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| Pension Benefits | | |
| Three Months | Six Months | |
| 2019 (a) | 2019 (a) | |
| LG&E | | | |
| Service cost | $1 | | $1 |
| Interest cost | 3 | | 6 |
| Expected return on plan assets | (5) | | (11) |
| Amortization of: | | | |
First 8 of 11 rows. The CSV has all of them.
Table 62 after “(a) The pension plans sponsored by LKE and LG&E were merged effective January 1, 2020 into the LG&E and KU Pension Plan, sponsored by LKE.”
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| Other Postretirement Benefits | | | | | |
| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL | | | | | | |
| Service cost | $1 | | $1 | | $3 | $2 |
| Interest cost | 5 | | 5 | | 10 | 11 |
| Expected return on plan assets | (6) | | (4) | | (11) | (9) |
| Amortization of prior service cost | 1 | | — | | 1 | — |
First 8 of 17 rows. The CSV has all of them.
Table 63 after “For the periods ended June 30, PPL Services allocated the following net periodic defined benefit costs to PPL Electric, and LKE allocated th”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL Electric | $3 | | $2 | | $6 | $5 |
| LG&E (a) | 2 | | 1 | | 5 | 2 |
| KU | — | | — | | 1 | — |
Table 64 after “million at December 31, 2019. For reporting purposes, on a consolidated basis, all guarantees of PPL Electric, LKE, LG&E and KU also apply t”
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| Exposure at June 30, 2020 | | | Expiration Date | |
| PPL | | | | | |
| WPD indemnifications for entities in liquidation and sales of assets | $10 | | (a) | | 2022 |
| WPD guarantee of pension and other obligations of unconsolidated entities | 77 | | (b) | | |
| LKE | | | | | |
| Indemnification of lease termination and other divestitures | 200 | | (c) | | 2021 |
| LG&E and KU | | | | | |
| LG&E and KU obligation of shortfall related to OVEC | | (d) | | | |
Table 65 after “PPL Services, PPL EU Services and LKS charged the following amounts for the periods ended June 30, including amounts applied to accounts tha”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL Electric from PPL Services | $14 | | $13 | | $26 | $29 |
| LKE from PPL Services | 7 | | 5 | | 13 | 14 |
| PPL Electric from PPL EU Services | 41 | | 37 | | 82 | 74 |
| LG&E from LKS | 44 | | 37 | | 82 | 75 |
| KU from LKS | 46 | | 41 | | 87 | 84 |
Table 66 after “The details of "Other Income (Expense) - net" for the periods ended June 30, were:”
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| Three Months | | | Six Months | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Other Income | | | | | | |
| Economic foreign currency exchange contracts (Note 14) | $1 | | $45 | | $63 | $12 |
| Defined benefit plans - non-service credits (Note 9) | 67 | | 80 | | 135 | 160 |
| Interest income | 1 | | 3 | | 2 | 9 |
| AFUDC - equity component | 5 | | 6 | | 8 | 11 |
| Miscellaneous | 1 | | 3 | | 2 | 9 |
First 8 of 14 rows. The CSV has all of them.
Table 67 after “The assets and liabilities measured at fair value were:”
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| June 30, 2020 | | | | | December 31, 2019 | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| PPL | | | | | | | | | | | | | |
| Assets | | | | | | | | | | | | | |
| Cash and cash equivalents | $1,278 | | $1,278 | | $— | | $— | | $815 | | $815 | $— | $— |
| Restricted cash and cash equivalents (a) | 23 | | 23 | | — | | — | | 21 | | 21 | — | — |
| Special use funds (a): | | | | | | | | | | | | | |
| Commingled debt fund measured at NAV (b) | 27 | | — | | — | | — | | 29 | | — | — | — |
First 8 of 10 rows. The CSV has all of them.
| June 30, 2020 | | | | | December 31, 2019 | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Price risk management assets (c): | | | | | | | | | | | | | |
| Foreign currency contracts | 108 | | — | | 108 | | — | | 142 | | — | 142 | — |
| Cross-currency swaps | 201 | | — | | 201 | | — | | 154 | | — | 154 | — |
| Total price risk management assets | 309 | | — | | 309 | | — | | 296 | | — | 296 | — |
| Total assets | $1,663 | | $1,301 | | $309 | | $— | | $1,188 | | $836 | $296 | $— |
| Liabilities | | | | | | | | | | | | | |
First 8 of 39 rows. The CSV has all of them.
Table 69 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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| June 30, 2020 | | | December 31, 2019 | | |
| Carrying Amount (a) | Fair Value | | Carrying Amount (a) | Fair Value | |
| PPL | $23,156 | | $27,894 | | $21,893 | $25,481 |
| PPL Electric | 3,986 | | 4,939 | | 3,985 | 4,589 |
| LKE | 6,497 | | 7,704 | | 6,002 | 6,766 |
| LG&E | 2,005 | | 2,436 | | 2,005 | 2,278 |
| KU | 3,117 | | 3,727 | | 2,623 | 3,003 |
Table 70 after “The following table presents the fair value and location of derivative instruments recorded on the Balance Sheets.”
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| June 30, 2020 | | | | | December 31, 2019 | | | | | | | |
| Derivatives designated as hedging instruments | | | Derivatives not designated as hedging instruments | | Derivatives designated as hedging instruments | | | Derivatives not designated as hedging instruments | | | | |
| Assets | Liabilities | | Assets | Liabilities | Assets | | Liabilities | Assets | Liabilities | | | |
| Current: | | | | | | | | | | | | | |
| Price Risk Management | | | | | | | | | | | | | |
| Assets/Liabilities (a): | | | | | | | | | | | | | |
| Interest rate swaps (b) | $— | | $10 | | $— | | $4 | | $— | | $— | $— | $4 |
| Cross-currency swaps (b) | 127 | | — | | — | | — | | 5 | | — | — | — |
First 8 of 18 rows. The CSV has all of them.
Table 71 after “The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liab”
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| Three Months | Six Months | | | Three Months | Six Months | |
| Derivative Relationships | Derivative Gain (Loss) Recognized in OCI | Derivative Gain (Loss) Recognized in OCI | | Location of Gain (Loss) Recognized in Income on Derivative | Gain (Loss) Reclassified from AOCI into Income | Gain (Loss) Reclassified from AOCI into Income | |
| Cash Flow Hedges: | | | | | | | |
| Interest rate swaps | $(5) | | $(10) | | Interest expense | $(2) | $(5) |
| Cross-currency swaps | 39 | | 54 | | Other income (expense) - net | 26 | 32 |
| Total | $34 | | $44 | | | $24 | $27 |
| Net Investment Hedges: | | | | | | | |
| Foreign currency contracts | $1 | | $1 | | | | |
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized in Income on Derivative | Three Months | Six Months | |
| Foreign currency contracts | Other income (expense) - net | $1 | | $63 |
| Interest rate swaps | Interest expense | (2) | | (3) |
| Total | $(1) | | $60 |
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized as Regulatory Liabilities/Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $1 | | $(7) |
Table 73 after “The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liab”
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| Three Months | Six Months | | | Three Months | Six Months | |
| Derivative Relationships | Derivative Gain (Loss) Recognized in OCI | Derivative Gain (Loss) Recognized in OCI | | Location of Gain (Loss) Recognized in Income on Derivative | Gain (Loss) Reclassified from AOCI into Income | Gain (Loss) Reclassified from AOCI into Income | |
| Cash Flow Hedges: | | | | | | | |
| Interest rate swaps | $(8) | | $(8) | | Interest expense | $(2) | $(4) |
| Cross-currency swaps | 51 | | 28 | | Other income (expense) - net | 35 | 7 |
| Total | $43 | | $20 | | | $33 | $3 |
| Net Investment Hedges: | | | | | | | |
| Foreign currency contracts | $1 | | $1 | | | | |
Table 74 after “The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liab”
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| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized in Income on Derivative | Three Months | Six Months | |
| Foreign currency contracts | Other income (expense) - net | $45 | | $12 |
| Interest rate swaps | Interest expense | (1) | | (2) |
| Total | $44 | | $10 |
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized as Regulatory Liabilities/Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $(2) | | $(3) |
Table 75 after “The following table presents the effect of cash flow hedge activity on the Statement of Income for the period ended June 30, 2020.”
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| Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships | | | | | |
| Three Months | | | Six Months | | |
| Interest Expense | Other Income (Expense) - net | | 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 | $253 | | $76 | | $501 | $201 |
| 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 | (2) | | — | | (5) | — |
First 8 of 11 rows. The CSV has all of them.
| June 30, 2020 | | | December 31, 2019 | | |
| 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 77 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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| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Income on Derivatives | Three Months | Six Months | |
| Interest rate swaps | Interest expense | $(2) | | $(3) |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Regulatory Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $1 | | $(7) |
Table 78 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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| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Income on Derivatives | Three Months | Six Months | |
| Interest rate swaps | Interest expense | $(1) | | $(2) |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Regulatory Assets | Three Months | Six Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $(2) | | $(3) |
| Assets | | | | | Liabilities | | | | | | | |
| | Eligible for Offset | | | | | | Eligible for Offset | | | | | |
| Gross | Derivative Instruments | | Cash Collateral Received | Net | Gross | | Derivative Instruments | Cash Collateral Pledged | Net | | | |
| June 30, 2020 | | | | | | | | | | | | | |
| Treasury Derivatives | | | | | | | | | | | | | |
| PPL | $309 | | $— | | $22 | | $287 | | $38 | | $— | $2 | $36 |
| LKE | — | | — | | — | | — | | 28 | | — | 2 | 26 |
| LG&E | — | | — | | — | | — | | 28 | | — | 2 | 26 |
| Assets | | | | | Liabilities | | | | | | | |
| | Eligible for Offset | | | | | | Eligible for Offset | | | | | |
| Gross | Derivative Instruments | | Cash Collateral Received | Net | Gross | | Derivative Instruments | Cash Collateral Pledged | Net | | | |
| December 31, 2019 | | | | | | | | | | | | | |
| Treasury Derivatives | | | | | | | | | | | | | |
| PPL | $296 | | $5 | | $14 | | $277 | | $26 | | $5 | $— | $21 |
| LKE | — | | — | | — | | — | | 21 | | — | — | 21 |
| LG&E | — | | — | | — | | — | | 21 | | — | — | 21 |
Table 81 after “At June 30, 2020, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral posted o”
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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 | $8 | | $2 | | $2 |
| 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) | 8 | | 2 | | 2 |
Table 82 after “The changes in the carrying amounts of AROs were as follows.”
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| PPL | LKE | | LG&E | KU | |
| Balance at December 31, 2019 | $282 | | $215 | | $73 | $142 |
| Accretion | 7 | | 7 | | 2 | 5 |
| Changes in estimated timing or cost | 22 | | 31 | | 3 | 28 |
| Effect of foreign currency exchange rates | (3) | | — | | — | — |
| Obligations settled | (35) | | (35) | | (11) | (24) |
| Balance at June 30, 2020 | $273 | | $218 | | $67 | $151 |
Table 83 after “The after-tax changes in AOCI by component for the periods ended June 30 were as follows.”
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| Foreign currency translation adjustments | Unrealized gains (losses) on qualifying derivatives | | Defined benefit plans | | | | |
| | | | Prior service costs | Actuarial gain (loss) | Total | | |
| PPL | | | | | | | | |
| March 31, 2020 | $(1,486) | | $— | | $(17) | | $(2,863) | $(4,366) |
| Amounts arising during the period | (291) | | 28 | | — | | (1) | (264) |
| Reclassifications from AOCI | — | | (20) | | 1 | | 47 | 28 |
| Net OCI during the period | (291) | | 8 | | 1 | | 46 | (236) |
| June 30, 2020 | $(1,777) | | $8 | | $(16) | | $(2,817) | $(4,602) |
First 8 of 23 rows. The CSV has all of them.
Table 84 after “The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended June 30.”
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| Three Months | | | Six Months | | Affected Line Item on the | | |
| Details about AOCI | 2020 | 2019 | | 2020 | 2019 | Statements of Income | | |
| Qualifying derivatives | | | | | | | | |
| Interest rate swaps | $(2) | | $(2) | | $(5) | | $(4) | Interest Expense |
| Cross-currency swaps | 26 | | 35 | | 32 | | 7 | Other Income (Expense) - net |
| Total Pre-tax | 24 | | 33 | | 27 | | 3 | |
| Income Taxes | (4) | | (6) | | (4) | | — | |
| Total After-tax | 20 | | 27 | | 23 | | 3 | |
First 8 of 15 rows. The CSV has all of them.
Table 85 after “To date, there has been no material impact on the Registrants’ business, financial condition, liquidity or on their supply chain as a result”
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| PPL | WPD | | LKE | LG&E | KU | | |
| Reduction in revenue | $61 | | $40 | | $21 | | $9 | $12 |
| Incremental costs | 20 | | 15 | | 5 | | 2 | 3 |
Table 86 after “Net income for the periods ended June 30 includes the following results:”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | $1,739 | | $1,803 | | $(64) | | $3,793 | | $3,882 | $(89) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Fuel | 138 | | 168 | | (30) | | 301 | | 362 | (61) |
| Energy purchases | 133 | | 138 | | (5) | | 334 | | 388 | (54) |
| Other operation and maintenance | 487 | | 482 | | 5 | | 963 | | 972 | (9) |
First 8 of 15 rows. The CSV has all of them.
Table 87 after “The increase (decrease) in operating revenues was due to:”
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| Three Months | Six Months | |
| Domestic: | | | |
| PPL Electric Distribution volumes (a) | $7 | | $(17) |
| PPL Electric PLR (b) | 2 | | (25) |
| PPL Electric Transmission Formula Rate (c) | 23 | | 39 |
| LKE Retail Rates (d) | 15 | | 64 |
| LKE ECR (e) | 9 | | 28 |
| LKE Fuel and other energy prices (f) | (18) | | (39) |
First 8 of 20 rows. The CSV has all of them.
Table 88 after “The increase (decrease) in other operation and maintenance was due to:”
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| Three Months | Six Months | |
| Domestic: | | | |
| PPL Electric Act 129 | $(4) | | $(7) |
| PPL Electric canceled projects | — | | 9 |
| LKE plant operations and maintenance | (5) | | (8) |
| LKE COVID-19 impact | 5 | | 5 |
| Storm Costs | (4) | | (23) |
| Other | 6 | | (4) |
First 8 of 14 rows. The CSV has all of them.
Table 89 after “The increase in depreciation was due to:”
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| Three Months | Six Months | |
| Additions to PP&E, net | $14 | | $26 |
| Foreign currency exchange rates | (3) | | (2) |
| Depreciation rates (a) | 7 | | 26 |
| Other | 1 | | 2 |
| Total | $19 | | $52 |
Table 90 after “The increase (decrease) in other income (expense) - net was due to:”
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| Three Months | Six Months | |
| Economic foreign currency exchange contracts (Note 14) | $(44) | | $51 |
| Defined benefit plans - non-service credits (Note 9) | (13) | | (25) |
| Other | 2 | | (8) |
| Total | $(55) | | $18 |
Table 91 after “The increase (decrease) in interest expense was due to:”
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| Three Months | Six Months | |
| Long-term debt interest expense | $18 | | $26 |
| Short-term debt interest expense | (5) | | (7) |
| Foreign currency exchange rates | (4) | | (3) |
| Other | (2) | | (2) |
| Total | $7 | | $14 |
Table 92 after “The increase (decrease) in income taxes was due to:”
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| Three Months | Six Months | |
| Change in pre-tax income | $(22) | | $(4) |
| Kentucky recycling credit, net of federal income tax expense (a) | 20 | | 20 |
| Other | (8) | | (12) |
| Total | $(10) | | $4 |
Table 93 after “PPL's Net Income by reportable segment for the periods ended June 30 was as follows:”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| U.K. Regulated | $179 | | $284 | | $(105) | | $519 | | $548 | $(29) |
| Kentucky Regulated | 74 | | 97 | | (23) | | 201 | | 214 | (13) |
| Pennsylvania Regulated | 118 | | 94 | | 24 | | 236 | | 215 | 21 |
| Corporate and Other (a) | (27) | | (34) | | 7 | | (58) | | (70) | 12 |
| Net Income | $344 | | $441 | | $(97) | | $898 | | $907 | $(9) |
Table 94 after “PPL's Earnings from Ongoing Operations by reportable segment for the periods ended June 30 were as follows:”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| U.K. Regulated | $256 | | $264 | | $(8) | | $554 | | $568 | $(14) |
| Kentucky Regulated | 78 | | 97 | | (19) | | 205 | | 214 | (9) |
| Pennsylvania Regulated | 118 | | 94 | | 24 | | 236 | | 215 | 21 |
| Corporate and Other | (25) | | (33) | | 8 | | $(54) | | (67) | 13 |
| Earnings from Ongoing Operations | $427 | | $422 | | $5 | | $941 | | $930 | $11 |
Table 95 after “Net Income and Earnings from Ongoing Operations for the periods ended June 30 include the following results.”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating revenues | $476 | | $541 | | $(65) | | $1,090 | | $1,124 | $(34) |
| Other operation and maintenance | 142 | | 133 | | 9 | | 271 | | 251 | 20 |
| Depreciation | 64 | | 64 | | — | | 131 | | 126 | 5 |
| Taxes, other than income | 31 | | 32 | | (1) | | 63 | | 64 | (1) |
| Total operating expenses | 237 | | 229 | | 8 | | 465 | | 441 | 24 |
| Other Income (Expense) - net | 65 | | 124 | | (59) | | 195 | | 169 | 26 |
First 8 of 13 rows. The CSV has all of them.
| Income Statement Line Item | Three Months | | | Six Months | | |
| | 2020 | 2019 | | 2020 | 2019 | |
| Foreign currency economic hedges, net of tax of $17, ($7), $6, $4 (a) | Other Income (Expense) - net | $(65) | | $24 | | $(23) | $(16) |
| COVID-19 impact, net of tax of $3, $0, $3, $0 (b) | Other operation and maintenance | (12) | | — | | (12) | — |
| Other, net of tax $0, $1, $0, $1 (c) | Other operation and maintenance | — | | (4) | | — | (4) |
| Total Special Items | | $(77) | | $20 | | $(35) | $(20) |
Table 97 after “The changes in the components of the U.K. Regulated segment's results between these periods are due to the factors set forth below, which re”
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| Three Months | Six Months | |
| U.K. | | | |
| U.K. Adjusted Gross Margins | $(37) | | $(17) |
| Other operation and maintenance | (6) | | (16) |
| Depreciation | (4) | | (7) |
| Other Income (Expense) - net | (11) | | (22) |
| Interest expense | (5) | | (7) |
| Income taxes | 16 | | 17 |
First 8 of 15 rows. The CSV has all of them.
| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating revenues | $700 | | $732 | | $(32) | | $1,525 | | $1,577 | $(52) |
| Fuel | 138 | | 168 | | (30) | | 301 | | 362 | (61) |
| Energy purchases | 22 | | 27 | | (5) | | 79 | | 106 | (27) |
| Other operation and maintenance | 207 | | 208 | | (1) | | 411 | | 422 | (11) |
| Depreciation | 151 | | 135 | | 16 | | 300 | | 258 | 42 |
| Taxes, other than income | 18 | | 18 | | — | | 36 | | 36 | — |
First 8 of 15 rows. The CSV has all of them.
Table 99 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 | Three Months | | | Six Months | | |
| | 2020 | 2019 | | 2020 | 2019 | |
| COVID-19 impact, net of tax of $1, $0, $1, $0 (a) | Other operation and maintenance | $(4) | | $— | | $(4) | $— |
| Total Special Items | | $(4) | | $— | | $(4) | $— |
Table 100 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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| Three Months | Six Months | |
| Kentucky Adjusted Gross Margins | $(5) | | $12 |
| Other operation and maintenance | 3 | | 12 |
| Depreciation | (7) | | (15) |
| Taxes, other than income | 2 | | 1 |
| Other Income (Expense) - net | 2 | | 2 |
| Interest Expense | 1 | | (4) |
| Income Taxes | (15) | | (17) |
First 8 of 11 rows. The CSV has all of them.
| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating revenues | $554 | | $521 | | $33 | | $1,162 | | $1,166 | $(4) |
| Energy purchases | 111 | | 110 | | 1 | | 255 | | 281 | (26) |
| Other operation and maintenance | 129 | | 130 | | (1) | | 266 | | 280 | (14) |
| Depreciation | 101 | | 96 | | 5 | | 199 | | 191 | 8 |
| Taxes, other than income | 18 | | 24 | | (6) | | 48 | | 55 | (7) |
| Total operating expenses | 359 | | 360 | | (1) | | 768 | | 807 | (39) |
First 8 of 14 rows. The CSV has all of them.
Table 102 after “The changes in the components of the Pennsylvania Regulated segment's results between these periods are due to the factors set forth below, ”
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| Three Months | Six Months | |
| Pennsylvania Adjusted Gross Margins | $37 | | $35 |
| Other operation and maintenance | (7) | | (2) |
| Depreciation | (4) | | (5) |
| Taxes, other than income | 8 | | 7 |
| Other Income (Expense) - net | (1) | | (4) |
| Interest Expense | (1) | | (3) |
| Income Taxes | (8) | | (7) |
First 8 of 9 rows. The CSV has all of them.
| 2020 Three Months | | | | | | | |
| U.K. Regulated | KY Regulated | | PA Regulated | Corporate and Other | | Total | |
| Net Income | $179 | | $74 | | $118 | $(27) | | $344 |
| Less: Special Item (expense) benefit: | | | | | | | | |
| Foreign currency economic hedges, net of tax of $17 | (65) | | — | | — | — | | (65) |
| Talen litigation costs, net of tax of $0 (a) | — | | — | | — | (2) | | (2) |
| COVID-19 impact, net of tax of $4 | (12) | | (4) | | — | — | | (16) |
| Total Special Items | (77) | | (4) | | — | (2) | | (83) |
First 8 of 36 rows. The CSV has all of them.
Table 104 after “The following table shows Adjusted Gross Margins by PPL's reportable segment and by component, as applicable, for the periods ended June 30 ”
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| Three Months | | | | Six Months | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | | |
| U.K. Regulated | | | | | | | | | | | |
| U.K. Adjusted Gross Margins | $439 | | $500 | | $(61) | | $1,014 | | | $1,046 | $(32) |
| Impact of changes in foreign currency exchange rates | | | | (24) | | | | | (15) | | |
| U.K. Adjusted Gross Margins excluding impact of foreign currency exchange rates | | | | $(37) | | | | | $(17) | | |
| Kentucky Regulated | | | | | | | | | | | |
| Total Kentucky Adjusted Gross Margins | $479 | | $484 | | $(5) | | $1,026 | | | $1,014 | $12 |
First 8 of 13 rows. The CSV has all of them.
Table 105 after “The following tables contain the components from the Statement of Income that are included in the non-GAAP financial measures and a reconcil”
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| 2020 Three Months | | | | | | | |
| U.K. Adjusted Gross Margins | Kentucky Adjusted Gross Margins | | Pennsylvania Adjusted Gross Margins | Other (a) | Operating Income (b) | | |
| Operating Revenues | $467 | (c) | $700 | | $554 | | $18 | $1,739 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 138 | | — | | — | 138 |
| Energy purchases | — | | 22 | | 111 | | — | 133 |
| Other operation and maintenance | 28 | | 20 | | 23 | | 416 | 487 |
| Depreciation | — | | 38 | | 13 | | 268 | 319 |
First 8 of 11 rows. The CSV has all of them.
| 2019 Three Months | | | | | | | |
| U.K. Adjusted Gross Margins | Kentucky Adjusted Gross Margins | | Pennsylvania Adjusted Gross Margins | Other (a) | Operating Income (b) | | |
| Operating Revenues | $531 | (c) | $732 | | $521 | | $19 | $1,803 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 168 | | — | | — | 168 |
| Energy purchases | — | | 27 | | 110 | | 1 | 138 |
| Other operation and maintenance | 31 | | 23 | | 31 | | 397 | 482 |
| Depreciation | — | | 29 | | 12 | | 259 | 300 |
First 8 of 33 rows. The CSV has all of them.
Table 107 after “Net income for the periods ended June 30 includes the following results.”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | $554 | | $521 | | $33 | | $1,162 | | $1,166 | $(4) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Energy purchases | 111 | | 110 | | 1 | | 255 | | 281 | (26) |
| Other operation and maintenance | 129 | | 130 | | (1) | | 266 | | 280 | (14) |
| Depreciation | 101 | | 96 | | 5 | | 199 | | 191 | 8 |
First 8 of 15 rows. The CSV has all of them.
Table 108 after “The increase (decrease) in operating revenues was due to:”
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| Three Months | Six Months | |
| Distribution volume (a) | $7 | | $(17) |
| PLR (b) | 2 | | (25) |
| Transmission Formula Rate (c) | 23 | | 39 |
| Other | 1 | | (1) |
| Total | $33 | | $(4) |
Table 109 after “The increase (decrease) in other operation and maintenance was due to:”
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| Three Months | Six Months | |
| Storm costs | $(1) | | $(17) |
| Act 129 | (4) | | (7) |
| Canceled projects | — | | 9 |
| Bad debts | 6 | | 4 |
| Other | (2) | | (3) |
| Total | $(1) | | $(14) |
Table 110 after “Net income for the periods ended June 30 includes the following results.”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | $700 | | $732 | | $(32) | | $1,525 | | $1,577 | $(52) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Fuel | 138 | | 168 | | (30) | | 301 | | 362 | (61) |
| Energy purchases | 22 | | 27 | | (5) | | 79 | | 106 | (27) |
| Other operation and maintenance | 207 | | 208 | | (1) | | 411 | | 422 | (11) |
First 8 of 16 rows. The CSV has all of them.
Table 111 after “The increase (decrease) in operating revenues was due to:”
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| Three Months | Six Months | |
| Volumes (a) | $(13) | | $(51) |
| Fuel and other energy prices (b) | (18) | | (39) |
| Municipal supply (c) | (6) | | (28) |
| Demand (d) | (17) | | (24) |
| Retail rates (e) | 15 | | 64 |
| ECR (f) | 9 | | 28 |
| Other | (2) | | (2) |
First 8 of 9 rows. The CSV has all of them.
Table 112 after “The increase (decrease) in other operation and maintenance was due to:”
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| Three Months | Six Months | |
| Plant operations and maintenance | $(5) | | $(8) |
| Storm costs | (3) | | (6) |
| Administrative and general | 2 | | (3) |
| COVID-19 impact | 5 | | 5 |
| Other | — | | 1 |
| Total | $(1) | | $(11) |
Table 113 after “Net income for the periods ended June 30 includes the following results.”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | | | | | | | | | | |
| Retail and wholesale | $320 | | $328 | | $(8) | | $713 | | $725 | $(12) |
| Electric revenue from affiliate | 2 | | 6 | | (4) | | 16 | | 19 | (3) |
| Total Operating Revenues | 322 | | 334 | | (12) | | 729 | | 744 | (15) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
First 8 of 19 rows. The CSV has all of them.
Table 114 after “The increase (decrease) in operating revenues was due to:”
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| Three Months | Six Months | |
| Volumes (a) | $(6) | | $(24) |
| Fuel and other energy prices (b) | (9) | | (21) |
| Demand (c) | (6) | | (9) |
| Retail rates (d) | 7 | | 27 |
| ECR (e) | 4 | | 12 |
| Other | (2) | | — |
| Total | $(12) | | $(15) |
Table 115 after “The increase (decrease) in other operation and maintenance was due to:”
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| Three Months | Six Months | |
| Storm costs | $(5) | | $(5) |
| Plant operations and maintenance | (3) | | (3) |
| COVID-19 impact | 2 | | 2 |
| Other | 2 | | — |
| Total | $(4) | | $(6) |
Table 116 after “Net income for the periods ended June 30 includes the following results.”
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| Three Months | | | | Six Months | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | | | | | | | | | | |
| Retail and wholesale | $380 | | $404 | | $(24) | | $812 | | $852 | $(40) |
| Electric revenue from affiliate | 8 | | 2 | | 6 | | 8 | | 4 | 4 |
| Total Operating Revenues | 388 | | 406 | | (18) | | 820 | | 856 | (36) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
First 8 of 19 rows. The CSV has all of them.
Table 117 after “The increase (decrease) in operating revenues was due to:”
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| Three Months | Six Months | |
| Municipal supply (a) | $(6) | | $(28) |
| Volumes (b) | (4) | | (24) |
| Fuel and other energy prices (c) | (9) | | (18) |
| Demand (d) | (11) | | (15) |
| Retail rates (e) | 8 | | 37 |
| ECR (f) | 5 | | 16 |
| Other | (1) | | (4) |
First 8 of 9 rows. The CSV has all of them.
Table 118 after “The Registrants had the following at:”
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| PPL (a) | PPL Electric | | LKE | | LG&E | KU | | | |
| June 30, 2020 | | | | | | | | | | |
| Cash and cash equivalents | $1,278 | | $13 | | | $152 | | $5 | | $145 |
| Short-term debt | 828 | | 200 | | | — | | — | | — |
| Long-term debt due within one year | 2,058 | | — | | | 1,371 | | 264 | | 632 |
| Notes payable with affiliates | | — | | | 252 | | 190 | | — | |
| December 31, 2019 | | | | | | | | | | |
| Cash and cash equivalents | $815 | | $262 | | | $27 | | $15 | | $12 |
First 8 of 11 rows. The CSV has all of them.
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| 2020 | | | | | | | | |
| Operating activities | $1,299 | | $360 | | $534 | | $275 | $293 |
| Investing activities | (1,573) | | (558) | | (476) | | (214) | (451) |
| Financing activities | 745 | | (51) | | 67 | | (71) | 291 |
| 2019 | | | | | | | | |
| Operating activities | $1,070 | | $314 | | $445 | | $258 | $270 |
| Investing activities | (1,479) | | (530) | | (530) | | (224) | (305) |
First 8 of 13 rows. The CSV has all of them.
Table 120 after “The components of the change in cash provided by (used in) operating activities for the six months ended June 30, 2020 compared with 2019 we”
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| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Change - Cash Provided (Used) | | | | | | | | |
| Net income | $(9) | | $21 | | $(12) | | $12 | $(9) |
| Non-cash components | 100 | | 48 | | 29 | | (11) | (4) |
| Working capital | 83 | | (23) | | 55 | | 17 | 26 |
| Defined benefit plan funding | 14 | | — | | 4 | | (1) | 1 |
| Other operating activities | 41 | | — | | 13 | | — | 9 |
| Total | $229 | | $46 | | $89 | | $17 | $23 |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Change - Cash Provided (Used) | | | | | | | | |
| Expenditures for PP&E | $(102) | | $(23) | | $51 | | $10 | $41 |
| Purchase of investments | 55 | | — | | — | | — | — |
| Proceeds from the sale of investments | (52) | | — | | — | | — | — |
| Notes receivable with affiliate | — | | — | | — | | — | (190) |
| Other investing activities | 5 | | (5) | | 3 | | — | 3 |
| Total | $(94) | | $(28) | | $54 | | $10 | $(146) |
Table 122 after “The components of the change in cash provided by (used in) financing activities for the six months ended June 30, 2020 compared with 2019 we”
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| PPL | PPL Electric | | LKE | | LG&E | KU | | | |
| Change - Cash Provided (Used) | | | | | | | | | | |
| Debt issuance/retirement, net | $1,029 | | $— | | | $(7) | | $(199) | | $192 |
| Proceeds from project financing | 96 | | — | | | — | | — | | — |
| Stock issuances/redemptions, net | (2) | | — | | | — | | — | | — |
| Dividends | (42) | | (31) | | | — | | (5) | | 2 |
| Capital contributions/distributions, net | — | | (5) | | | (66) | | 28 | | (31) |
| Issuance of term loan | 300 | | — | | | — | | — | | — |
First 8 of 12 rows. The CSV has all of them.
| Committed Capacity | | Borrowed | | Letters of Credit and Commercial Paper Issued | | Unused Capacity | | | | |
| PPL Capital Funding Credit Facilities | $1,800 | | | $300 | | | $— | | $1,500 | | |
| PPL Electric Credit Facility | 650 | | | — | | | 201 | | 449 | | |
| LG&E Credit Facilities | 500 | | | — | | | — | | 500 | | |
| KU Credit Facilities | 400 | | | — | | | — | | 400 | | |
| Total LKE | 900 | | | — | | | — | | 900 | | |
| Total U.S. Credit Facilities (a) | $3,350 | | | $300 | | | $201 | | $2,849 | | |
| Total U.K. Credit Facilities (b) | £ | 1,055 | | | £ | 206 | | £ | — | £ | 849 |
| Committed Capacity | Borrowed | | Non-affiliate Used Capacity | Unused Capacity | |
| LKE Credit Facility | $375 | | $252 | | $— | $123 |
| LKE Term-Loan Facility | 475 | | — | | — | 475 |
| LG&E Money Pool (a) | 750 | | 190 | | — | 560 |
| KU Money Pool (a) | 650 | | — | | — | 650 |
Table 125 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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| Capacity | Commercial Paper Issuances | | Unused Capacity | |
| PPL Capital Funding | $1,500 | | $— | | $1,500 |
| PPL Electric | 650 | | 200 | | 450 |
| LG&E | 350 | | — | | 350 |
| KU | 350 | | — | | 350 |
| Total LKE | 700 | | — | | 700 |
| Total PPL | $2,850 | | $200 | | $2,650 |
Table 126 after “The following interest rate hedges were outstanding at June 30, 2020.”
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| Exposure Hedged | Fair Value, Net - Asset (Liability) (a) | | Effect of a 10% Adverse Movement in Rates (b) | Maturities Ranging Through | |
| PPL | | | | | | |
| Cash flow hedges | | | | | | |
| Interest rate swaps (c) | $155 | | $(10) | | $— | 2035 |
| Cross-currency swaps (c) | 702 | | 203 | | (66) | 2028 |
| Economic hedges | | | | | | |
| Interest rate swaps (d) | 147 | | (29) | | — | 2033 |
| LKE | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 127 after “PPL, PPL Electric, LKE, LG&E and KU. The estimated impact of a 10% adverse movement in interest rates on the fair value of debt at June 30, ”
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| 10% Adverse Movement in Rates |
| PPL | $637 |
| PPL Electric | 185 |
| LKE | 207 |
| LG&E | 78 |
| KU | 126 |
Table 128 after “The following foreign currency hedges were outstanding at June 30, 2020.”
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| Exposure Hedged | | Fair Value, Net - Asset (Liability) | Effect of a 10% Adverse Movement in Foreign Currency Exchange Rates (a) | Maturities Ranging Through | | |
| Economic hedges (b) | £ | 447 | | $108 | | $(47) | 2021 |
Table 129 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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| 4(a) | - | Supplemental Indenture No. 8, dated as of May 15, 2020, to Indenture, dated as of October 1, 2010, among Kentucky Utilities Company and the Bank of New York Mellon, as Trustee (Exhibit 4(a) to PPL Corporation Form 8-K Report (File No. 1-11459) dated June 3, 2020) |
| *10(a) | - | £845 million Multicurrency Revolving Facilities Agreement, dated May 13 2020, among Western Power Distribution (East Midlands) plc, Western Power Distribution (West Midlands) plc, Western Power Distribution (South West) plc, and Western Power Distribution (South Wales) plc as the Borrowers, Mizuho Bank, Ltd and National Westminster Bank plc as Joint Coordinators, HSBC UK Bank plc, Lloyds Bank plc, Mizuho Bank Ltd, National Westminster Bank plc, Royal Bank of Canada, Barclays Bank plc and Santander UK plc as Bookrunners and Mandated Lead Arrangers, MUFG Bank, Ltd as Mandated Lead Arranger, and Lloyds Bank plc as Facility Agent |
| Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, for the quarterly period ended June 30, 2020, filed by the following officers for the following companies: | | |
| *31(a) | - | PPL Corporation's principal executive officer |
| *31(b) | - | PPL Corporation's principal financial officer |
| *31(c) | - | PPL Electric Utilities Corporation's principal executive officer |
| *31(d) | - | PPL Electric Utilities Corporation's principal financial officer |
| *31(e) | - | LG&E and KU Energy LLC's principal executive officer |
First 8 of 26 rows. The CSV has all of them.