← Filings of PPL
Tables in the 10-Q of PPL Corp
132 tables with numbers, filed Nov 5, 2020. Each one downloads as an Excel file or a CSV (numbers are stored as numbers),
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 September 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”
| | 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 32 rows. The download 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 | 41 | |
First 8 of 49 rows. The download has all of them.
Table 5 after “(Millions of Dollars, except share data)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | $1,885 | | $1,933 | | $5,678 | $5,815 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Fuel | 177 | | 194 | | 478 | 556 |
| Energy purchases | 136 | | 150 | | 470 | 538 |
| Other operation and maintenance | 483 | | 480 | | 1,446 | 1,452 |
First 8 of 24 rows. The download has all of them.
Table 6 after “(Millions of Dollars)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Net income | $281 | | $475 | | $1,179 | $1,382 |
| 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, $0, $1, $0 | 643 | | (285) | | 291 | (368) |
| Qualifying derivatives, net of tax of $12, ($3), $4, ($7) | (52) | | 16 | | (16) | 32 |
| Defined benefit plans: | | | | | | |
First 8 of 16 rows. The download has all of them.
Table 7 after “(Millions of Dollars)”
| Nine Months Ended September 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $1,179 | | $1,382 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 959 | | 890 |
| Amortization | 47 | | 60 |
| Defined benefit plans - (income) expense | (155) | | (198) |
First 8 of 51 rows. The download has all of them.
Table 8 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $746 | | $815 |
| Accounts receivable (less reserve: 2020, $73; 2019, $58) | | | |
| Customer | 742 | | 687 |
| Other | 88 | | 105 |
| Unbilled revenues (less reserve: 2020, $3; 2019, $0) | 382 | | 504 |
First 8 of 31 rows. The download has all of them.
Table 9 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $1,368 | | $1,151 |
| Long-term debt due within one year | 1,525 | | 1,172 |
| Accounts payable | 864 | | 956 |
| Taxes | 93 | | 99 |
| Interest | 385 | | 294 |
First 8 of 30 rows. The download has all of them.
Table 10 after “(Millions of Dollars)”
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | | Earnings reinvested | Accumulated other comprehensive loss | | Total | | | |
| June 30, 2020 | 768,783 | | $8 | | | $12,255 | | $5,383 | | | $(4,602) | $13,044 |
| Common stock issued | 14 | | | | 1 | | | | | | 1 | |
| Stock-based compensation | | | | 4 | | | | | | 4 | | |
| Net income | | | | | | 281 | | | | 281 | | |
| Dividends and dividend equivalents (b) | | | | | | (319) | | | | (319) | | |
| Other comprehensive income (loss) | | | | | | | 675 | | | 675 | | |
| September 30, 2020 | 768,797 | | $8 | | | $12,260 | | $5,345 | | | $(3,927) | $13,686 |
First 8 of 30 rows. The download has all of them.
Table 11 after “(Millions of Dollars)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | $586 | | $590 | | $1,748 | $1,756 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Energy purchases | 118 | | 132 | | 373 | 413 |
| Other operation and maintenance | 122 | | 137 | | 388 | 417 |
| Depreciation | 102 | | 99 | | 301 | 290 |
First 8 of 17 rows. The download has all of them.
Table 12 after “(Millions of Dollars)”
| Nine Months Ended September 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $370 | | $333 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 301 | | 290 |
| Amortization | 21 | | 18 |
| Defined benefit plans - expense (income) | (1) | | — |
First 8 of 44 rows. The download has all of them.
Table 13 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $26 | | $262 |
| Accounts receivable (less reserve: 2020, $38; 2019, $28) | | | |
| Customer | 298 | | 258 |
| Other | 18 | | 22 |
| Accounts receivable from affiliates | 10 | | 11 |
First 8 of 26 rows. The download has all of them.
Table 14 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $280 | | $— |
| Long-term debt due within one year | 400 | | — |
| Accounts payable | 394 | | 438 |
| Accounts payable to affiliates | 39 | | 32 |
| Taxes | 17 | | 13 |
First 8 of 26 rows. The download has all of them.
Table 15 after “(Millions of Dollars)”
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Total | | |
| June 30, 2020 | 66,368 | | $364 | | $3,553 | | $900 | $4,817 |
| Net income | | | | | 134 | | 134 | |
| Capital contributions from parent | | | | 485 | | | 485 | |
| Return of capital to parent | | | | (485) | | | (485) | |
| Dividends declared on common stock | | | | | (77) | | (77) | |
| September 30, 2020 | 66,368 | | $364 | | $3,553 | | $957 | $4,874 |
| December 31, 2019 | 66,368 | | $364 | | $3,558 | | $910 | $4,832 |
First 8 of 23 rows. The download has all of them.
Table 16 after “(Millions of Dollars)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | $806 | | $844 | | $2,331 | $2,421 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
| Fuel | 177 | | 194 | | 478 | 556 |
| Energy purchases | 18 | | 19 | | 97 | 125 |
| Other operation and maintenance | 205 | | 205 | | 616 | 627 |
First 8 of 18 rows. The download has all of them.
Table 17 after “(Millions of Dollars)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Net income | $137 | | $158 | | $355 | $388 |
| Other comprehensive income (loss): | | | | | | |
| Amounts arising during the period - gains (losses), net of tax (expense) benefit: | | | | | | |
| Defined benefit plans: | | | | | | |
| Net actuarial gain (loss), net of tax of $3, $0, $3, $0 | (8) | | — | | (9) | (2) |
| Reclassifications from AOCI - (gains) losses, net of tax expense (benefit): | | | | | | |
First 8 of 13 rows. The download has all of them.
Table 18 after “(Millions of Dollars)”
| Nine Months Ended September 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $355 | | $388 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 452 | | 402 |
| Amortization | 14 | | 20 |
| Defined benefit plans - expense | 11 | | 9 |
First 8 of 48 rows. The download has all of them.
Table 19 after “(Millions of Dollars)”
| September 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $25 | | $27 |
| Accounts receivable (less reserve: 2020, $30; 2019, $28) | | | |
| Customer | 269 | | 260 |
| Other | 63 | | 71 |
| Unbilled revenues (less reserve: 2020, $1; 2019, $0) | 127 | | 164 |
First 8 of 26 rows. The download has all of them.
Table 20 after “(Millions of Dollars)”
| September 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $345 | | $388 |
| Long-term debt due within one year | 424 | | 975 |
| Notes payable with affiliates | 153 | | 150 |
| Accounts payable | 253 | | 316 |
| Accounts payable to affiliates | 18 | | 11 |
First 8 of 32 rows. The download has all of them.
Table 21 after “(Millions of Dollars)”
| Member's Equity |
| June 30, 2020 | $5,022 |
| Net income | 137 |
| Distributions to member | (54) |
| Other comprehensive income (loss) | (3) |
| September 30, 2020 | $5,102 |
| December 31, 2019 | $4,942 |
| Net income | 355 |
First 8 of 21 rows. The download has all of them.
Table 22 after “(Millions of Dollars)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | | | | | | |
| Retail and wholesale | $362 | | $380 | | $1,075 | $1,105 |
| Electric revenue from affiliate | 1 | | 2 | | 17 | 21 |
| Total Operating Revenues | 363 | | 382 | | 1,092 | 1,126 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
First 8 of 21 rows. The download has all of them.
Table 23 after “(Millions of Dollars)”
| Nine Months Ended September 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $191 | | $188 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 193 | | 168 |
| Amortization | 6 | | 13 |
| Defined benefit plans - expense | 2 | | — |
First 8 of 46 rows. The download has all of them.
Table 24 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $10 | | $15 |
| Accounts receivable (less reserve: 2020, $2; 2019, $1) | | | |
| Customer | 118 | | 121 |
| Other | 31 | | 41 |
| Unbilled revenues (less reserve: 2020, $0; 2019, $0) | 54 | | 76 |
First 8 of 27 rows. The download has all of them.
Table 25 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $206 | | $238 |
| Long-term debt due within one year | 292 | | — |
| Accounts payable | 125 | | 172 |
| Accounts payable to affiliates | 26 | | 31 |
| Customer deposits | 32 | | 31 |
First 8 of 31 rows. The download has all of them.
Table 26 after “(Millions of Dollars)”
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | Total | | |
| June 30, 2020 | 21,294 | | $424 | | $1,873 | | $562 | $2,859 |
| Net income | | | | | 71 | | 71 | |
| Cash dividends declared on common stock | | | | | (39) | | (39) | |
| September 30, 2020 | 21,294 | | $424 | | $1,873 | | $594 | $2,891 |
| December 31, 2019 | 21,294 | | $424 | | $1,820 | | $518 | $2,762 |
| Net income | | | | | 191 | | 191 | |
| Capital contributions from parent | | | | 53 | | | 53 | |
First 8 of 19 rows. The download has all of them.
Table 27 after “(Millions of Dollars)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues | | | | | | |
| Retail and wholesale | $444 | | $464 | | $1,256 | $1,316 |
| Electric revenue from affiliate | 8 | | 2 | | 16 | 6 |
| Total Operating Revenues | 452 | | 466 | | 1,272 | 1,322 |
| Operating Expenses | | | | | | |
| Operation | | | | | | |
First 8 of 21 rows. The download has all of them.
Table 28 after “(Millions of Dollars)”
| Nine Months Ended September 30, | | |
| 2020 | 2019 | |
| Cash Flows from Operating Activities | | | |
| Net income | $217 | | $237 |
| Adjustments to reconcile net income to net cash provided by operating activities | | | |
| Depreciation | 258 | | 233 |
| Amortization | 6 | | 7 |
| Deferred income taxes and investment tax credits | 20 | | 44 |
First 8 of 43 rows. The download has all of them.
Table 29 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Assets | | | |
| Current Assets | | | |
| Cash and cash equivalents | $15 | | $12 |
| Accounts receivable (less reserve: 2020, $1; 2019, $1) | | | |
| Customer | 151 | | 139 |
| Other | 38 | | 27 |
| Unbilled revenues (less reserve: 2020, $1; 2019, $0) | 73 | | 88 |
First 8 of 26 rows. The download has all of them.
Table 30 after “(Millions of Dollars, shares in thousands)”
| September 30, 2020 | December 31, 2019 | |
| Liabilities and Equity | | | |
| Current Liabilities | | | |
| Short-term debt | $139 | | $150 |
| Long-term debt due within one year | 132 | | 500 |
| Accounts payable | 109 | | 121 |
| Accounts payable to affiliates | 39 | | 52 |
| Customer deposits | 32 | | 31 |
First 8 of 29 rows. The download has all of them.
Table 31 after “(Millions of Dollars)”
| Common stock shares outstanding (a) | Common stock | | Additional paid-in capital | Earnings reinvested | | Total | | |
| June 30, 2020 | 37,818 | | $308 | | $2,766 | $581 | | | $3,655 |
| Net income | | | | | 84 | | | 84 | |
| Capital contributions from parent | | | | 61 | | | | 61 | |
| Cash dividends declared on common stock | | | | | (56) | | | (56) | |
| September 30, 2020 | 37,818 | | $308 | | $2,827 | $609 | | | $3,744 |
| December 31, 2019 | 37,818 | | $308 | | $2,729 | $537 | | | $3,574 |
| Net income | | | | | 217 | | | 217 | |
First 8 of 20 rows. The download has all of them.
Table 32 after “The notes to the condensed financial statements that follow are a combined presentation. The following list indicates the Registrants to whi”
| 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 download has all of them.
Table 33 after “The following provides a reconciliation of Cash, Cash Equivalents and Restricted Cash reported within the Balance Sheets that sum to the tot”
| PPL | PPL Electric | | | | | |
| September 30, 2020 | | December 31, 2019 | | September 30, 2020 | December 31, 2019 | |
| Cash and cash equivalents | $746 | | | $815 | | $26 | $262 |
| Restricted cash - current (a) | 3 | | | 3 | | 2 | 2 |
| Restricted cash - noncurrent (a) | 20 | | | 18 | | — | — |
| Total Cash, Cash Equivalents and Restricted Cash | $769 | | | $836 | | $28 | $264 |
Table 34 after “The following table shows changes in the allowance for credit losses for the nine months ended September 30, 2020:”
| Balance at Beginning of Period (a) | Charged to Income | | Deductions (b) | Balance at End of Period | |
| PPL | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $30 | | $22 | | $9 | $43 |
| Other (c) | 27 | | 2 | | — | 29 |
| Balance at Beginning of Period (a) | Charged to Income | | Deductions (b) | Balance at End of Period | |
| PPL Electric | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $25 | | $12 | | $3 | $34 |
| Other | 1 | | 1 | | — | 2 |
| LKE | | | | | | |
| Accounts Receivable - Customer and Unbilled Revenue | $2 | | $7 | | $5 | $4 |
| Other (c) | 26 | | 1 | | — | 27 |
| LG&E | | | | | | |
First 8 of 11 rows. The download has all of them.
Table 36 after “Income Statement data for the segments and reconciliation to PPL's consolidated results for the periods ended September 30 are as follows:”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Operating Revenues from external customers | | | | | | |
| U.K. Regulated | $485 | | $491 | | $1,575 | $1,615 |
| Kentucky Regulated | 806 | | 844 | | 2,331 | 2,421 |
| Pennsylvania Regulated | 586 | | 590 | | 1,748 | 1,756 |
| Corporate and Other | 8 | | 8 | | 24 | 23 |
| Total | $1,885 | | $1,933 | | $5,678 | $5,815 |
First 8 of 14 rows. The download has all of them.
Table 37 after “The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated Balance Sheets as of:”
| September 30, 2020 | December 31, 2019 | |
| Assets | | | |
| U.K. Regulated (a) (b) | $19,183 | | $17,622 |
| Kentucky Regulated | 15,754 | | 15,597 |
| Pennsylvania Regulated | 12,225 | | 11,918 |
| Corporate and Other (c) | 762 | | 543 |
| Total | $47,924 | | $45,680 |
Table 38 after “The following tables reconcile "Operating Revenues" included in each Registrant's Statement of Income with revenues generated from contracts”
| 2020 Three Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $1,885 | | $586 | | $806 | | $363 | $452 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | (1) | | (5) | | 4 | | 2 | 2 |
| Other (c) | (5) | | — | | (4) | | (2) | (2) |
| Revenues from Contracts with Customers | $1,879 | | $581 | | $806 | | $363 | $452 |
| 2019 Three Months | | | | | | | |
First 8 of 14 rows. The download has all of them.
Table 39 after “The following tables reconcile "Operating Revenues" included in each Registrant's Statement of Income with revenues generated from contracts”
| 2020 Nine Months | | | | | | | |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Operating Revenues (a) | $5,678 | | $1,748 | | $2,331 | | $1,092 | $1,272 |
| Revenues derived from: | | | | | | | | |
| Alternative revenue programs (b) | (12) | | (6) | | (6) | | (2) | (4) |
| Other (c) | (22) | | (3) | | (14) | | (6) | (8) |
| Revenues from Contracts with Customers | $5,644 | | $1,739 | | $2,311 | | $1,084 | $1,260 |
| 2019 Nine Months | | | | | | | |
First 8 of 14 rows. The download has all of them.
Table 40 after “The following tables show revenues from contracts with customers disaggregated by customer class for the periods ended September 30.”
| 2020 Three Months | | | | | | | |
| PPL (d) | PPL Electric (d) | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $440 | | $— | | $— | | $— | $— |
| Residential | 651 | | 303 | | 348 | | 173 | 175 |
| Commercial | 310 | | 79 | | 231 | | 112 | 119 |
| Industrial | 156 | | 13 | | 143 | | 47 | 96 |
| Other (b) | 130 | | 12 | | 66 | | 28 | 38 |
| Wholesale - municipality | 7 | | — | | 7 | | — | 7 |
First 8 of 22 rows. The download has all of them.
Table 41 after “The following tables show revenues from contracts with customers disaggregated by customer class for the periods ended September 30.”
| 2020 Nine Months | | | | | | | |
| PPL (d) | PPL Electric (d) | | LKE | LG&E | KU | | |
| Licensed energy suppliers (a) | $1,472 | | $— | | $— | | $— | $— |
| Residential | 1,948 | | 937 | | 1,011 | | 509 | 502 |
| Commercial | 896 | | 234 | | 662 | | 336 | 326 |
| Industrial | 434 | | 33 | | 401 | | 130 | 271 |
| Other (b) | 354 | | 38 | | 194 | | 84 | 110 |
| Wholesale - municipality | 15 | | — | | 15 | | — | 15 |
First 8 of 22 rows. The download has all of them.
Table 42 after “The following table shows the accounts receivable and unbilled revenues balances that were impaired for the periods ended September 30.”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL | $8 | | $11 | | $22 | $22 |
| PPL Electric | 3 | | 8 | | 12 | 14 |
| LKE | 4 | | 2 | | 7 | 5 |
| LG&E | 3 | | 1 | | 4 | 2 |
| KU | 1 | | 1 | | 3 | 3 |
Table 43 after “The following table shows the balances and certain activity of contract liabilities resulting from contracts with customers.”
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Contract liabilities at December 31, 2019 | $44 | | $21 | | $9 | | $5 | $4 |
| Contract liabilities at September 30, 2020 | 40 | | 18 | | 9 | | 5 | 4 |
| Revenue recognized during the nine months ended September 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 September 30, 2019 | 42 | | 19 | | 9 | | 5 | 4 |
| Revenue recognized during the nine months ended September 30, 2019 that was included in the contract liability balance at December 31, 2018 | 31 | | 11 | | 9 | | 5 | 4 |
Table 44 after “Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the periods ended September 30 used in the EPS ca”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Income (Numerator) | | | | | | |
| Net income | $281 | | $475 | | $1,179 | $1,382 |
| Less amounts allocated to participating securities | — | | — | | 1 | 2 |
| Net income available to PPL common shareowners - Basic and Diluted | $281 | | $475 | | $1,178 | $1,380 |
| Shares of Common Stock (Denominator) | | | | | | |
| Weighted-average shares - Basic EPS | 768,786 | | 722,259 | | 768,502 | 721,693 |
First 8 of 16 rows. The download has all of them.
Table 45 after “For the periods ended September 30, PPL issued common stock related to stock-based compensation plans and the DRIP as follows (in thousands)”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Stock-based compensation plans | 14 | | 38 | | 621 | 680 |
| DRIP | — | | 430 | | 943 | 1,305 |
Table 46 after “For the periods ended September 30, the following shares (in thousands) were excluded from the computations of diluted EPS because the effec”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Stock-based compensation awards | 364 | | — | | 595 | — |
Table 47 after “Reconciliations of income tax expense (benefit) for the periods ended September 30 are as follows.”
| (PPL) | | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $103 | | $125 | | $336 | $359 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 15 | | 13 | | 39 | 34 |
| Valuation allowance adjustments | 7 | | 7 | | 20 | 21 |
| Impact of lower U.K. income tax rates | 2 | | (6) | | (18) | (20) |
First 8 of 18 rows. The download has all of them.
Table 48 after “(b) During the second quarter of 2019, LKE recorded a deferred income tax benefit associated with two projects placed into service that prep”
| (PPL Electric) | | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $37 | | $33 | | $104 | $94 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 14 | | 13 | | 39 | 36 |
| Federal and state income tax return adjustments | (4) | | — | | (4) | 1 |
| Depreciation and other items not normalized | — | | (2) | | (4) | (5) |
First 8 of 12 rows. The download has all of them.
| (LKE) | | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $35 | | $42 | | $92 | $98 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 7 | | 8 | | 17 | 18 |
| Amortization of investment tax credit | (1) | | (1) | | (2) | (2) |
| Valuation allowance adjustments (a) | — | | — | | — | 3 |
First 8 of 14 rows. The download has all of them.
Table 50 after “During the second quarter of 2019, LKE recorded a deferred income tax benefit associated with two projects placed into service that prepare ”
| (LG&E) | | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $18 | | $21 | | $50 | $50 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 3 | | 4 | | 9 | 9 |
| Valuation allowance adjustments (a) | — | | — | | — | 15 |
| Amortization of excess deferred federal and state income taxes | (3) | | (2) | | (8) | (7) |
First 8 of 13 rows. The download has all of them.
Table 51 after “During the second quarter of 2019, LG&E recorded a deferred income tax benefit associated with two projects placed into service that prepare”
| (KU) | | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Federal income tax on Income Before Income Taxes at statutory tax rate - 21% | $22 | | $25 | | $56 | $63 |
| Increase (decrease) due to: | | | | | | |
| State income taxes, net of federal income tax benefit | 4 | | 5 | | 11 | 12 |
| Valuation allowance adjustments (a) | — | | — | | — | 5 |
| Amortization of excess deferred federal and state income taxes | (4) | | (3) | | (12) | (10) |
First 8 of 13 rows. The download has all of them.
Table 52 after “The following table provides information about the regulatory assets and liabilities of cost-based rate-regulated utility operations.”
| PPL | PPL Electric | | | | |
| September 30, 2020 | December 31, 2019 | | September 30, 2020 | December 31, 2019 | |
| Current Regulatory Assets: | | | | | | |
| Plant outage costs | $44 | | $32 | | $— | $— |
| Gas supply clause | 4 | | 8 | | — | — |
| Smart meter rider | 17 | | 13 | | 17 | 13 |
| Transmission formula rate | 9 | | 3 | | 9 | 3 |
| Transmission service charge | 2 | | 10 | | 2 | 10 |
First 8 of 21 rows. The download has all of them.
| PPL | PPL Electric | | | | |
| September 30, 2020 | December 31, 2019 | | September 30, 2020 | December 31, 2019 | |
| Current Regulatory Liabilities: | | | | | | |
| Generation supply charge | $23 | | $23 | | $23 | $23 |
| Environmental cost recovery | 6 | | 5 | | — | — |
| Universal service rider | 14 | | 9 | | 14 | 9 |
| Fuel adjustment clause | 8 | | 8 | | — | — |
| TCJA customer refund | 21 | | 61 | | 21 | 59 |
First 8 of 20 rows. The download has all of them.
| LKE | LG&E | | KU | | | | | | |
| September 30, 2020 | December 31, 2019 | | September 30, 2020 | December 31, 2019 | September 30, 2020 | | December 31, 2019 | | |
| Current Regulatory Assets: | | | | | | | | | | |
| Plant outage costs | $44 | | $32 | | $14 | | $16 | | $30 | $16 |
| Gas supply clause | 4 | | 8 | | 4 | | 8 | | — | — |
| Other | 6 | | 1 | | 5 | | 1 | | 1 | — |
| Total current regulatory assets | $54 | | $41 | | $23 | | $25 | | $31 | $16 |
| Noncurrent Regulatory Assets: | | | | | | | | | | |
First 8 of 16 rows. The download has all of them.
| LKE | LG&E | | KU | | | | | | |
| September 30, 2020 | December 31, 2019 | | September 30, 2020 | December 31, 2019 | September 30, 2020 | | December 31, 2019 | | |
| Current Regulatory Liabilities: | | | | | | | | | | |
| Environmental cost recovery | $6 | | $5 | | $2 | | $1 | | $4 | $4 |
| Demand side management | 2 | | 3 | | 1 | | 1 | | 1 | 2 |
| Fuel adjustment clause | 8 | | 8 | | 2 | | — | | 6 | 8 |
| Other | 1 | | 3 | | — | | — | | 1 | 3 |
| Total current regulatory liabilities | $17 | | $19 | | $5 | | $2 | | $12 | $17 |
First 8 of 16 rows. The download has all of them.
Table 56 after “The following credit facilities were in place at:”
| September 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 | | | £ | 150 | | £ | — | | £ | 58 | | £ | 155 | £ | — |
| WPD (South West) | | | | | | | | | | | | | | | | | | |
| Syndicated Credit Facility (b) | May 2023 | 220 | | | 118 | | | — | | 102 | | 40 | | — | | | | |
First 8 of 25 rows. The download has all of them.
| September 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 Electric | | | | | | | | | | | |
| Syndicated Credit Facility | Jan. 2024 | $650 | | $— | | $281 | | $369 | | $— | $1 |
| LG&E | | | | | | | | | | | |
| Syndicated Credit Facility | Jan. 2024 | $500 | | $— | | $206 | | $294 | | $— | $238 |
| Total LG&E Credit Facilities | | $500 | | $— | | $206 | | $294 | | $— | $238 |
| KU | | | | | | | | | | | |
First 8 of 10 rows. The download has all of them.
Table 58 after “The following commercial paper programs were in place at:”
| September 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 | 0.16% | 650 | | 280 | | 370 | | | — |
| LG&E | 0.20% | 350 | | 206 | | 144 | | 2.07% | 238 |
| KU | 0.19% | 350 | | 139 | | 211 | | 2.02% | 150 |
| Total | | $2,850 | | $625 | | $2,225 | | | $838 |
| Pension Benefits | | | | | | | | | | | | |
| Three Months | Nine Months | | | | | | | | | | | |
| U.S. | U.K. | | U.S. | U.K. | | | | | | | | |
| 2020 | 2019 | | 2020 | 2019 | 2020 | | 2019 | 2020 | 2019 | | | |
| PPL | | | | | | | | | | | | | |
| Service cost | $14 | | $13 | | $22 | | $17 | | $42 | | $38 | $66 | $51 |
| Interest cost | 35 | | 41 | | 36 | | 45 | | 109 | | 123 | 107 | 140 |
| Expected return on plan assets | (62) | | (62) | | (155) | | (144) | | (185) | | (184) | (464) | (442) |
First 8 of 14 rows. The download has all of them.
Table 60 after “Due to the amount of lump sum payment distributions from the LKE qualified pension plan, an estimated settlement charge of $13 million for t”
| Pension Benefits | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| LKE | | | | | | |
| Service cost | $6 | | $5 | | $18 | $16 |
| Interest cost | 14 | | 16 | | 43 | 49 |
| Expected return on plan assets | (25) | | (25) | | (75) | (76) |
| Amortization of: | | | | | | |
First 8 of 13 rows. The download has all of them.
Table 61 after “(c) Due to the amount of lump sum payment distributions from the LG&E qualified pension plan, a settlement charge of $5 million for the thre”
| Pension Benefits | | |
| Three Months | Nine Months | |
| 2019 (a) | 2019 (a) | |
| LG&E | | | |
| Service cost | $— | | $1 |
| Interest cost | 2 | | 8 |
| Expected return on plan assets | (5) | | (16) |
| Amortization of: | | | |
First 8 of 11 rows. The download has all of them.
Table 62 after “(c) Due to the amount of lump sum payment distributions from the LG&E qualified pension plan, a settlement charge of $5 million for the thre”
| Other Postretirement Benefits | | | | | |
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL | | | | | | |
| Service cost | $2 | | $2 | | $5 | $4 |
| Interest cost | 4 | | 5 | | 14 | 16 |
| Expected return on plan assets | (5) | | (5) | | (16) | (14) |
| Amortization of: | | | | | | |
First 8 of 19 rows. The download has all of them.
Table 63 after “For the periods ended September 30, PPL Services allocated the following net periodic defined benefit costs to PPL Electric, and LKE allocat”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL Electric | $3 | | $3 | | $9 | $8 |
| LG&E (a) | 9 | | 1 | | 14 | 3 |
| KU | 4 | | — | | 5 | — |
Table 64 after “million at September 30, 2020 and December 31, 2019. For reporting purposes, on a consolidated basis, all guarantees of PPL Electric, LKE, L”
| Exposure at September 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 | 90 | | (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 September 30, including amounts applied to account”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| PPL Electric from PPL Services | $11 | | $14 | | $37 | $43 |
| LKE from PPL Services | 6 | | 6 | | 19 | 20 |
| PPL Electric from PPL EU Services | 44 | | 38 | | 126 | 112 |
| LG&E from LKS | 43 | | 37 | | 125 | 112 |
| KU from LKS | 45 | | 42 | | 132 | 126 |
Table 66 after “The details of "Other Income (Expense) - net" for the periods ended September 30, were:”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Other Income | | | | | | |
| Economic foreign currency exchange contracts (Note 15) | $(19) | | $44 | | $44 | $56 |
| Defined benefit plans - non-service credits (Note 10) | 67 | | 77 | | 202 | 237 |
| Interest income | 1 | | 3 | | 3 | 12 |
| AFUDC - equity component | 6 | | 6 | | 14 | 17 |
| Miscellaneous | — | | 1 | | 2 | 6 |
First 8 of 14 rows. The download has all of them.
Table 67 after “The details of "Other Income (Expense) - net" for the periods ended September 30, were:”
| Three Months | Nine Months | | | | |
| 2020 | 2019 | | 2020 | 2019 | |
| Other Income | | | | | | |
| AFUDC - equity component | $6 | | $6 | | $14 | $17 |
| Defined benefit plans - non-service credits (Note 10) | 1 | | 1 | | 3 | 3 |
| Interest income | 1 | | — | | 1 | 1 |
| Total Other Income | 8 | | 7 | | 18 | 21 |
| Other Expense | | | | | | |
First 8 of 12 rows. The download has all of them.
Table 68 after “The assets and liabilities measured at fair value were:”
| September 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 | $746 | | $746 | | $— | | $— | | $815 | | $815 | $— | $— |
| Restricted cash and cash equivalents (a) | 22 | | 22 | | — | | — | | 21 | | 21 | — | — |
| Special use funds (a): | | | | | | | | | | | | | |
| Commingled debt fund measured at NAV (b) | 27 | | — | | — | | — | | 29 | | — | — | — |
First 8 of 30 rows. The download has all of them.
| September 30, 2020 | December 31, 2019 | | | | | | | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Liabilities | | | | | | | | | | | | | |
| Price risk management liabilities: | | | | | | | | | | | | | |
| Interest rate swaps | $26 | | $— | | $26 | | $— | | $21 | | $— | $21 | $— |
| Total price risk management liabilities | $26 | | $— | | $26 | | $— | | $21 | | $— | $21 | $— |
| LG&E | | | | | | | | | | | | | |
| Assets | | | | | | | | | | | | | |
First 8 of 19 rows. The download has all of them.
Table 70 after “Long-term debt is classified as Level 2. The effect of third-party credit enhancements is not included in the fair value measurement.”
| September 30, 2020 | December 31, 2019 | | | | |
| Carrying Amount (a) | Fair Value | | Carrying Amount (a) | Fair Value | |
| PPL | $22,768 | | $28,085 | | $21,893 | $25,481 |
| PPL Electric | 3,587 | | 5,030 | | 3,985 | 4,589 |
| LKE | 6,073 | | 7,588 | | 6,002 | 6,766 |
| LG&E | 2,006 | | 2,490 | | 2,005 | 2,278 |
| KU | 2,617 | | 3,310 | | 2,623 | 3,003 |
| September 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) | $— | | $8 | | $— | | $2 | | $— | | $— | $— | $4 |
| Cross-currency swaps (b) | 94 | | — | | — | | — | | 5 | | — | — | — |
First 8 of 18 rows. The download has all of them.
Table 72 after “The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liab”
| Three Months | Nine Months | | | Three Months | Nine 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 | $3 | | $(7) | | Interest expense | $(4) | $(9) |
| Cross-currency swaps | (67) | | (13) | | Other income (expense) - net | (56) | (24) |
| Total | $(64) | | $(20) | | | $(60) | $(33) |
| Net Investment Hedges: | | | | | | | |
| Foreign currency contracts | $— | | $1 | | | | |
Table 73 after “The following tables present the pre-tax effect of derivative instruments recognized in income, OCI or regulatory assets and regulatory liab”
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized in Income on Derivative | Three Months | Nine Months | |
| Foreign currency contracts | Other income (expense) - net | $(19) | | $44 |
| Interest rate swaps | Interest expense | (1) | | (4) |
| Total | $(20) | | $40 |
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized as Regulatory Liabilities/Assets | Three Months | Nine Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $2 | | $(5) |
| Three Months | Nine Months | | | Three Months | Nine 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 | $(22) | | $(30) | | Interest expense | $(2) | $(6) |
| Cross-currency swaps | 41 | | 69 | | Other income (expense) - net | 27 | 34 |
| Total | $19 | | $39 | | | $25 | $28 |
| Net Investment Hedges: | | | | | | | |
| Foreign currency contracts | $— | | $1 | | | | |
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized in Income on Derivative | Three Months | Nine Months | |
| Foreign currency contracts | Other income (expense) - net | $44 | | $56 |
| Interest rate swaps | Interest expense | (1) | | (3) |
| Total | $43 | | $53 |
| Derivatives Not Designated as Hedging Instruments | Location of Gain (Loss) Recognized as Regulatory Liabilities/Assets | Three Months | Nine Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $(2) | | $(5) |
Table 76 after “The following table presents the effect of cash flow hedge activity on the Statement of Income for the period ended September 30, 2020.”
| Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships | | | | | |
| Three Months | Nine 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 | $249 | | $52 | | $750 | $253 |
| 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 | (4) | | — | | (9) | — |
First 8 of 11 rows. The download has all of them.
Table 77 after “The following table presents the effect of cash flow hedge activity on the Statement of Income for the period ended September 30, 2019.”
| Location and Amount of Gain (Loss) Recognized in Income on Hedging Relationships | | | | | |
| Three Months | Nine 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 | $259 | | $126 | | $746 | $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 | (2) | | — | | (6) | — |
First 8 of 11 rows. The download has all of them.
Table 78 after “The following table presents the fair value and the location on the Balance Sheets of derivatives not designated as hedging instruments.”
| September 30, 2020 | December 31, 2019 | | | | |
| Assets | Liabilities | | Assets | Liabilities | |
| Current: | | | | | | |
| Price Risk Management | | | | | | |
| Assets/Liabilities: | | | | | | |
| Interest rate swaps | $— | | $2 | | $— | $4 |
| Total current | — | | 2 | | — | 4 |
| Noncurrent: | | | | | | |
First 8 of 13 rows. The download has all of them.
Table 79 after “The following tables present the pre-tax effect of derivatives not designated as cash flow hedges that are recognized in income or regulator”
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Income on Derivatives | Three Months | Nine Months | |
| Interest rate swaps | Interest expense | $(1) | | $(4) |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Regulatory Assets | Three Months | Nine Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $2 | | $(5) |
Table 80 after “The following tables present the pre-tax effect of derivatives not designated as cash flow hedges that are recognized in income or regulator”
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Income on Derivatives | Three Months | Nine Months | |
| Interest rate swaps | Interest expense | $(1) | | $(3) |
| Location of Gain (Loss) Recognized in | | | |
| Derivative Instruments | Regulatory Assets | Three Months | Nine Months | |
| Interest rate swaps | Regulatory assets - noncurrent | $(2) | | $(5) |
| Assets | Liabilities | | | | | | | | | | | |
| | Eligible for Offset | | | | Eligible for Offset | | | | | | | |
| Gross | Derivative Instruments | | Cash Collateral Received | Net | Gross | | Derivative Instruments | Cash Collateral Pledged | Net | | | |
| September 30, 2020 | | | | | | | | | | | | | |
| Treasury Derivatives | | | | | | | | | | | | | |
| PPL | $189 | | $1 | | $9 | | $179 | | $35 | | $1 | $1 | $33 |
| LKE | — | | — | | — | | — | | 26 | | — | 1 | 25 |
| LG&E | — | | — | | — | | — | | 26 | | — | 1 | 25 |
| 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 83 after “At September 30, 2020, derivative contracts in a net liability position that contain credit risk-related contingent features, collateral pos”
| PPL | LKE | | LG&E | |
| Aggregate fair value of derivative instruments in a net liability position with credit risk-related contingent features | $6 | | $1 | | $1 |
| 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) | 6 | | 1 | | 1 |
Table 84 after “The changes in the carrying amounts of AROs were as follows.”
| PPL | LKE | | LG&E | KU | |
| Balance at December 31, 2019 | $282 | | $215 | | $73 | $142 |
| Accretion | 13 | | 12 | | 4 | 8 |
| Changes in estimated timing or cost | 35 | | 44 | | 16 | 28 |
| Effect of foreign currency exchange rates | 1 | | — | | — | — |
| Obligations settled | (64) | | (64) | | (16) | (48) |
| Balance at September 30, 2020 | $267 | | $207 | | $77 | $130 |
Table 85 after “The after-tax changes in AOCI by component for the periods ended September 30 were as follows.”
| Foreign currency translation adjustments | Unrealized gains (losses) on qualifying derivatives | | | Defined benefit plans | | | |
| | | | Prior service costs | Actuarial gain (loss) | Total | | |
| PPL | | | | | | | | |
| June 30, 2020 | $(1,777) | | $8 | | | $(16) | $(2,817) | $(4,602) |
| Amounts arising during the period | 643 | | (52) | | | — | (16) | 575 |
| Reclassifications from AOCI | — | | 48 | | | — | 52 | 100 |
| Net OCI during the period | 643 | | (4) | | | — | 36 | 675 |
| September 30, 2020 | $(1,134) | | $4 | | | $(16) | $(2,781) | $(3,927) |
First 8 of 23 rows. The download has all of them.
| Foreign currency translation adjustments | Unrealized gains (losses) on qualifying derivatives | | Defined benefit plans | | | |
| | | Prior service costs | Actuarial gain (loss) | Total | | |
| LKE | | | | | | | |
| June 30, 2020 | | | | $(8) | | $(83) | $(91) |
| Amounts arising during the period | | | | — | | (8) | (8) |
| Reclassifications from AOCI | | | | — | | 5 | 5 |
| Net OCI during the period | | | | — | | (3) | (3) |
| September 30, 2020 | | | | $(8) | | $(86) | $(94) |
First 8 of 23 rows. The download has all of them.
Table 87 after “The following table presents PPL's gains (losses) and related income taxes for reclassifications from AOCI for the periods ended September 3”
| Three Months | Nine Months | | Affected Line Item on the | | | | |
| Details about AOCI | 2020 | 2019 | | 2020 | 2019 | Statements of Income | | |
| Qualifying derivatives | | | | | | | | |
| Interest rate swaps | $(4) | | $(2) | | $(9) | | $(6) | Interest Expense |
| Cross-currency swaps | (56) | | 27 | | (24) | | 34 | Other Income (Expense) - net |
| Total Pre-tax | (60) | | 25 | | (33) | | 28 | |
| Income Taxes | 12 | | (3) | | 8 | | (3) | |
| Total After-tax | (48) | | 22 | | (25) | | 25 | |
First 8 of 15 rows. The download has all of them.
Table 88 after “To date, there has been no material impact on the Registrants’ business, financial condition, liquidity or on their supply chain as a result”
| Increase (Reduction) in Revenue | Incremental Costs | | | | |
| Three Months | Nine Months | | Three Months | Nine Months | |
| PPL | $(33) | | $(94) | | $6 | $26 |
| WPD | (30) | | (70) | | 4 | 19 |
| LKE | (3) | | (24) | | — | 5 |
| LG&E | (5) | | (14) | | — | 2 |
| KU | 2 | | (10) | | — | 3 |
Table 89 after “Net income for the periods ended September 30 includes the following results:”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | $1,885 | | $1,933 | | $(48) | | $5,678 | | $5,815 | $(137) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Fuel | 177 | | 194 | | (17) | | 478 | | 556 | (78) |
| Energy purchases | 136 | | 150 | | (14) | | 470 | | 538 | (68) |
| Other operation and maintenance | 483 | | 480 | | 3 | | 1,446 | | 1,452 | (6) |
First 8 of 15 rows. The download has all of them.
Table 90 after “The increase (decrease) in operating revenues was due to:”
| Three Months | Nine Months | |
| Domestic: | | | |
| PPL Electric Distribution price (a) | $(16) | | $(16) |
| PPL Electric Distribution volumes (b) | 6 | | (11) |
| PPL Electric PLR (c) | (13) | | (38) |
| PPL Electric Transmission Formula Rate (d) | 24 | | 63 |
| LKE Retail Rates (e) | — | | 64 |
| LKE ECR (f) | — | | 28 |
First 8 of 22 rows. The download has all of them.
Table 91 after “The increase (decrease) in other operation and maintenance was due to:”
| Three Months | Nine Months | |
| Domestic: | | | |
| PPL Electric Act 129 | $(5) | | $(12) |
| PPL Electric bad debts | (7) | | (3) |
| PPL Electric universal service rider | (4) | | (8) |
| PPL Electric canceled projects | — | | 9 |
| LKE plant operations and maintenance | (1) | | (9) |
| LKE COVID-19 impact | — | | 5 |
First 8 of 18 rows. The download has all of them.
Table 92 after “The increase in depreciation was due to:”
| Three Months | Nine Months | |
| Additions to PP&E, net | $12 | | $38 |
| Foreign currency exchange rates | 2 | | (1) |
| Depreciation rates (a) | — | | 26 |
| Other | 3 | | 6 |
| Total | $17 | | $69 |
Table 93 after “The increase (decrease) in other income (expense) - net was due to:”
| Three Months | Nine Months | |
| Economic foreign currency exchange contracts (Note 15) | $(63) | | $(12) |
| Defined benefit plans - non-service credits (Note 10) | (10) | | (35) |
| Other | (1) | | (9) |
| Total | $(74) | | $(56) |
Table 94 after “The increase (decrease) in interest expense was due to:”
| Three Months | Nine Months | |
| Long-term debt interest expense | $(6) | | $20 |
| Short-term debt interest expense | (8) | | (15) |
| Foreign currency exchange rates | 3 | | — |
| Other | 1 | | (1) |
| Total | $(10) | | $4 |
Table 95 after “The increase (decrease) in income taxes was due to:”
| Three Months | Nine Months | |
| Change in pre-tax income | $(12) | | $(16) |
| Federal and state income tax return adjustments | (9) | | (10) |
| Impact of the U.K. Finance Acts on deferred tax balances (a) | 109 | | 109 |
| Amortization of excess deferred income taxes | (2) | | (4) |
| Kentucky recycling credit, net of federal income tax expense (b) | — | | 20 |
| Other | 5 | | (4) |
| Total | $91 | | $95 |
Table 96 after “PPL's Net Income by reportable segment for the periods ended September 30 was as follows:”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| U.K. Regulated | $55 | | $236 | | $(181) | | $574 | | $784 | $(210) |
| Kentucky Regulated | 129 | | 150 | | (21) | | 330 | | 364 | (34) |
| Pennsylvania Regulated | 135 | | 118 | | 17 | | 371 | | 333 | 38 |
| Corporate and Other (a) | (38) | | (29) | | (9) | | (96) | | (99) | 3 |
| Net Income | $281 | | $475 | | $(194) | | $1,179 | | $1,382 | $(203) |
Table 97 after “PPL's Earnings from Ongoing Operations by reportable segment for the periods ended September 30 were as follows:”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| U.K. Regulated | $213 | | $205 | | $8 | | $767 | | $773 | $(6) |
| Kentucky Regulated | 129 | | 150 | | (21) | | 334 | | 364 | (30) |
| Pennsylvania Regulated | 136 | | 118 | | 18 | | 372 | | 333 | 39 |
| Corporate and Other | (28) | | (28) | | — | | $(82) | | (95) | 13 |
| Earnings from Ongoing Operations | $450 | | $445 | | $5 | | $1,391 | | $1,375 | $16 |
Table 98 after “Net Income and Earnings from Ongoing Operations for the periods ended September 30 include the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating revenues | $485 | | $491 | | $(6) | | $1,575 | | $1,615 | $(40) |
| Other operation and maintenance | 141 | | 125 | | 16 | | 412 | | 376 | 36 |
| Depreciation | 66 | | 60 | | 6 | | 197 | | 186 | 11 |
| Taxes, other than income | 32 | | 32 | | — | | 95 | | 96 | (1) |
| Total operating expenses | 239 | | 217 | | 22 | | 704 | | 658 | 46 |
| Other Income (Expense) - net | 46 | | 120 | | (74) | | 241 | | 289 | (48) |
First 8 of 13 rows. The download has all of them.
Table 99 after “The following after-tax gains (losses), which management considers special items, impacted the U.K. Regulated segment's results and are excl”
| Income Statement Line Item | | Three Months | | Nine Months | | | | |
| | 2020 | | 2019 | | 2020 | 2019 | | |
| Foreign currency economic hedges, net of tax of $14, ($8), $20, ($4) (a) | Other Income (Expense) - net | | $(53) | | | $31 | | $(76) | $15 |
| COVID-19 impact, net of tax of $1, $0, $4, $0 (b) | Other operation and maintenance | | (3) | | | — | | (15) | — |
| U.K. tax rate change (c) | Income Taxes | | (102) | | | — | | (102) | — |
| Other, net of tax of $0, $0, $0, $1 (d) | Other operation and maintenance | | — | | | — | | — | (4) |
| Total Special Items | | | $(158) | | | $31 | | $(193) | $11 |
Table 100 after “effects of movements in foreign currency exchange, including the effects of foreign currency hedge contracts, on separate lines and not in t”
| Three Months | Nine Months | |
| U.K. | | | |
| U.K. Adjusted Gross Margins | $(27) | | $(44) |
| Other operation and maintenance | — | | (16) |
| Depreciation | (5) | | (12) |
| Other Income (Expense) - net | (12) | | (35) |
| Interest expense | 15 | | 9 |
| Income taxes | (2) | | 15 |
First 8 of 15 rows. The download has all of them.
Table 101 after “Net Income and Earnings from Ongoing Operations for the periods ended September 30 include the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating revenues | $806 | | $844 | | $(38) | | $2,331 | | $2,421 | $(90) |
| Fuel | 177 | | 194 | | (17) | | 478 | | 556 | (78) |
| Energy purchases | 18 | | 19 | | (1) | | 97 | | 125 | (28) |
| Other operation and maintenance | 205 | | 205 | | — | | 616 | | 627 | (11) |
| Depreciation | 152 | | 144 | | 8 | | 452 | | 402 | 50 |
| Taxes, other than income | 21 | | 19 | | 2 | | 57 | | 55 | 2 |
First 8 of 15 rows. The download has all of them.
Table 102 after “The following after-tax gains (losses), which management considers special items, impacted the Kentucky Regulated segment's results and are ”
| Income Statement Line Item | | Three Months | | Nine Months | | | | |
| | 2020 | | 2019 | | 2020 | 2019 | | |
| COVID-19 impact, net of tax of $0, $0, $1, $0 (a) | Other operation and maintenance | | $— | | | $— | | $(4) | $— |
| Total Special Items | | | $— | | | $— | | $(4) | $— |
Table 103 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”
| Three Months | Nine Months | |
| Kentucky Adjusted Gross Margins | $(26) | | $(14) |
| Other operation and maintenance | — | | 12 |
| Depreciation | (2) | | (17) |
| Taxes, other than income | (2) | | (1) |
| Other Income (Expense) - net | (1) | | 1 |
| Interest Expense | (2) | | (6) |
| Income Taxes | 12 | | (5) |
First 8 of 11 rows. The download has all of them.
Table 104 after “Net Income and Earnings from Ongoing Operations for the periods ended September 30 include the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating revenues | $586 | | $590 | | $(4) | | $1,748 | | $1,756 | $(8) |
| Energy purchases | 118 | | 132 | | (14) | | 373 | | 413 | (40) |
| Other operation and maintenance | 122 | | 137 | | (15) | | 388 | | 417 | (29) |
| Depreciation | 102 | | 99 | | 3 | | 301 | | 290 | 11 |
| Taxes, other than income | 30 | | 29 | | 1 | | 78 | | 84 | (6) |
| Total operating expenses | 372 | | 397 | | (25) | | 1,140 | | 1,204 | (64) |
First 8 of 14 rows. The download has all of them.
Table 105 after “The following after-tax gains (losses), which management considers special items, impacted the Pennsylvania Regulated segment's results and ”
| Income Statement Line Item | | Three Months | | Nine Months | | | | |
| | 2020 | | 2019 | | 2020 | 2019 | | |
| COVID-19 impact, net of tax of $0, $0, $0, $0 (a) | Other operation and maintenance | | $(1) | | | $— | | $(1) | $— |
| Total Special Items | | | $(1) | | | $— | | $(1) | $— |
Table 106 after “The changes in the components of the Pennsylvania Regulated segment's results between these periods are due to the factors set forth below, ”
| Three Months | Nine Months | |
| Pennsylvania Adjusted Gross Margins | $17 | | $52 |
| Other operation and maintenance | 9 | | 7 |
| Depreciation | (4) | | (9) |
| Taxes, other than income | — | | 7 |
| Other Income (Expense) - net | — | | (4) |
| Interest Expense | (1) | | (4) |
| Income Taxes | (3) | | (10) |
First 8 of 11 rows. The download has all of them.
| 2020 Three Months | | | | | | | |
| U.K. Regulated | KY Regulated | | PA Regulated | Corporate and Other | | Total | |
| Net Income | $55 | | $129 | | $135 | $(38) | | $281 |
| Less: Special Item (expense) benefit: | | | | | | | | |
| Foreign currency economic hedges, net of tax of $14 | (53) | | — | | — | — | | (53) |
| Talen litigation costs, net of tax of $1 (a) | — | | — | | — | (2) | | (2) |
| COVID-19 impact, net of tax of $1, $0, $0, $0 | (3) | | — | | (1) | (1) | | (5) |
| U.K. tax rate change | (102) | | — | | — | — | | (102) |
First 8 of 39 rows. The download has all of them.
Table 108 after “The following table shows Adjusted Gross Margins by PPL's reportable segment and by component, as applicable, for the periods ended Septembe”
| Three Months | Nine Months | | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | | |
| U.K. Regulated | | | | | | | | | | | |
| U.K. Adjusted Gross Margins | $431 | | $446 | | $(15) | | $1,445 | | | $1,492 | $(47) |
| Impact of changes in foreign currency exchange rates | | | | 12 | | | | | (3) | | |
| U.K. Adjusted Gross Margins excluding impact of foreign currency exchange rates | | | | $(27) | | | | | $(44) | | |
| Kentucky Regulated | | | | | | | | | | | |
| Kentucky Adjusted Gross Margins | $546 | | $572 | | $(26) | | $1,572 | | | $1,586 | $(14) |
First 8 of 13 rows. The download has all of them.
Table 109 after “The following tables contain the components from the Statement of Income that are included in the non-GAAP financial measures and a reconcil”
| 2020 Three Months | | | | | | | | |
| U.K. Adjusted Gross Margins | Kentucky Adjusted Gross Margins | | Pennsylvania Adjusted Gross Margins | Other (a) | Operating Income (b) | | | |
| Operating Revenues | $476 | (c) | $806 | | $586 | | $17 | | $1,885 |
| Operating Expenses | | | | | | | | | |
| Fuel | — | | 177 | | — | | — | | 177 |
| Energy purchases | — | | 18 | | 118 | | — | | 136 |
| Energy purchases from affiliate | — | | — | | | — | | — | |
| Other operation and maintenance | 45 | | 25 | | 23 | | 390 | | 483 |
First 8 of 12 rows. The download 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 | $481 | (c) | $844 | | $590 | | $18 | $1,933 |
| Operating Expenses | | | | | | | | |
| Fuel | — | | 194 | | — | | — | 194 |
| Energy purchases | — | | 19 | | 132 | | (1) | 150 |
| Other operation and maintenance | 35 | | 25 | | 30 | | 390 | 480 |
| Depreciation | — | | 33 | | 14 | | 259 | 306 |
First 8 of 34 rows. The download has all of them.
Table 111 after “Net income for the periods ended September 30 includes the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | $586 | | $590 | | $(4) | | $1,748 | | $1,756 | $(8) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Energy purchases | 118 | | 132 | | (14) | | 373 | | 413 | (40) |
| Other operation and maintenance | 122 | | 137 | | (15) | | 388 | | 417 | (29) |
| Depreciation | 102 | | 99 | | 3 | | 301 | | 290 | 11 |
First 8 of 15 rows. The download has all of them.
Table 112 after “The increase (decrease) in operating revenues was due to:”
| Three Months | Nine Months | |
| Distribution price (a) | $(16) | | $(16) |
| Distribution volumes (b) | 6 | | (11) |
| PLR (c) | (13) | | (38) |
| Transmission Formula Rate (d) | 24 | | 63 |
| Other | (5) | | (6) |
| Total | $(4) | | $(8) |
Table 113 after “The increase (decrease) in other operation and maintenance was due to:”
| Three Months | Nine Months | |
| Act 129 | $(5) | | $(12) |
| Storm costs | 8 | | (9) |
| Universal service rider | (4) | | (8) |
| Bad debts | (7) | | (3) |
| Canceled projects | — | | 9 |
| Other | (7) | | (6) |
| Total | $(15) | | $(29) |
Table 114 after “The increase (decrease) in income taxes was due to:”
| Three Months | Nine Months | |
| Change in pre-tax income at current period tax rates | $5 | | $13 |
| Federal and state tax return adjustments | (4) | | (5) |
| Other | 3 | | 3 |
| Total | $4 | | $11 |
Table 115 after “Net income for the periods ended September 30 includes the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | $806 | | $844 | | $(38) | | $2,331 | | $2,421 | $(90) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
| Fuel | 177 | | 194 | | (17) | | 478 | | 556 | (78) |
| Energy purchases | 18 | | 19 | | (1) | | 97 | | 125 | (28) |
| Other operation and maintenance | 205 | | 205 | | — | | 616 | | 627 | (11) |
First 8 of 16 rows. The download has all of them.
| Three Months | Nine Months | |
| Volumes (a) | $(33) | | $(84) |
| Fuel and other energy prices (b) | (3) | | (42) |
| Demand (c) | (8) | | (32) |
| Municipal supply (d) | — | | (28) |
| Retail rates (e) | — | | 64 |
| ECR (f) | — | | 28 |
| Other | 6 | | 4 |
First 8 of 9 rows. The download has all of them.
Table 117 after “Net income for the periods ended September 30 includes the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | | | | | | | | | | |
| Retail and wholesale | $362 | | $380 | | $(18) | | $1,075 | | $1,105 | $(30) |
| Electric revenue from affiliate | 1 | | 2 | | (1) | | 17 | | 21 | (4) |
| Total Operating Revenues | 363 | | 382 | | (19) | | 1,092 | | 1,126 | (34) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
First 8 of 19 rows. The download has all of them.
Table 118 after “The increase (decrease) in operating revenues was due to:”
| Three Months | Nine Months | |
| Volumes (a) | $(20) | | $(44) |
| Fuel and other energy prices (b) | (1) | | (22) |
| Demand (c) | (4) | | (13) |
| Retail rates (d) | — | | 27 |
| ECR (e) | 1 | | 13 |
| Other | 5 | | 5 |
| Total | $(19) | | $(34) |
Table 119 after “Net income for the periods ended September 30 includes the following results.”
| Three Months | Nine Months | | | | | | | | |
| 2020 | 2019 | | $ Change | 2020 | 2019 | | $ Change | | |
| Operating Revenues | | | | | | | | | | |
| Retail and wholesale | $444 | | $464 | | $(20) | | $1,256 | | $1,316 | $(60) |
| Electric revenue from affiliate | 8 | | 2 | | 6 | | 16 | | 6 | 10 |
| Total Operating Revenues | 452 | | 466 | | (14) | | 1,272 | | 1,322 | (50) |
| Operating Expenses | | | | | | | | | | |
| Operation | | | | | | | | | | |
First 8 of 19 rows. The download has all of them.
Table 120 after “The increase (decrease) in operating revenues was due to:”
| Three Months | Nine Months | |
| Volumes (a) | $(9) | | $(33) |
| Municipal supply (b) | — | | (28) |
| Fuel and other energy prices (c) | (2) | | (20) |
| Demand (d) | (4) | | (19) |
| Retail rates (e) | — | | 37 |
| ECR (f) | (1) | | 15 |
| Other | 2 | | (2) |
First 8 of 9 rows. The download has all of them.
Table 121 after “The Registrants had the following at:”
| PPL (a) | PPL Electric | | LKE | | LG&E | KU | | | |
| September 30, 2020 | | | | | | | | | | |
| Cash and cash equivalents | $746 | | $26 | | | $25 | | $10 | | $15 |
| Short-term debt | 1,368 | | 280 | | | 345 | | 206 | | 139 |
| Long-term debt due within one year | 1,525 | | 400 | | | 424 | | 292 | | 132 |
| Notes payable with affiliates | | — | | | 153 | | — | | — | |
| December 31, 2019 | | | | | | | | | | |
| Cash and cash equivalents | $815 | | $262 | | | $27 | | $15 | | $12 |
First 8 of 11 rows. The download has all of them.
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| 2020 | | | | | | | | |
| Operating activities | $2,247 | | $656 | | $872 | | $419 | $446 |
| Investing activities | (2,358) | | (844) | | (707) | | (329) | (378) |
| Financing activities | 33 | | (48) | | (167) | | (95) | (65) |
| 2019 | | | | | | | | |
| Operating activities | $1,888 | | $609 | | $813 | | $417 | $471 |
| Investing activities | (2,194) | | (1,361) | | (761) | | (323) | (436) |
First 8 of 13 rows. The download has all of them.
Table 123 after “The components of the change in cash provided by (used in) operating activities for the nine months ended September 30, 2020 compared with 2”
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Change - Cash Provided (Used) | | | | | | | | |
| Net income | $(203) | | $37 | | $(33) | | $3 | $(20) |
| Non-cash components | 315 | | 25 | | 27 | | (26) | 2 |
| Working capital | 156 | | 15 | | 26 | | 2 | (10) |
| Defined benefit plan funding | 17 | | — | | 6 | | — | 2 |
| Other operating activities | 74 | | (30) | | 33 | | 23 | 1 |
| Total | $359 | | $47 | | $59 | | $2 | $(25) |
| PPL | PPL Electric | | LKE | LG&E | KU | | |
| Change - Cash Provided (Used) | | | | | | | | |
| Expenditures for PP&E | $(151) | | $(25) | | $51 | | $(6) | $55 |
| Purchase of investments | 55 | | — | | — | | — | — |
| Proceeds from the sale of investments | (61) | | — | | — | | — | — |
| Notes receivable from affiliate | — | | 546 | | — | | — | — |
| Other investing activities | (7) | | (4) | | 3 | | — | 3 |
| Total | $(164) | | $517 | | $54 | | $(6) | $58 |
Table 125 after “The components of the change in cash provided by (used in) financing activities for the nine months ended September 30, 2020 compared with 2”
| PPL | PPL Electric | | LKE | | LG&E | KU | | | |
| Change - Cash Provided (Used) | | | | | | | | | | |
| Debt issuance/retirement, net | $(642) | | $(393) | | | $(982) | | $(199) | | $(308) |
| Debt issuance/retirement with affiliate, net | | — | | | 550 | | — | | — | |
| Proceeds from project financing | 152 | | — | | | — | | — | | — |
| Stock issuances/redemptions, net | (17) | | — | | | — | | — | | — |
| Dividends | (63) | | (47) | | | — | | 15 | | 22 |
| Capital contributions/distributions, net | — | | (405) | | | (51) | | 28 | | 30 |
First 8 of 13 rows. The download has all of them.
Table 126 after “External”
| Committed Capacity | | Borrowed | | Letters of Credit and Commercial Paper Issued | | Unused Capacity | | | | |
| PPL Capital Funding Credit Facilities | $1,900 | | | $400 | | | $— | | $1,500 | | |
| PPL Electric Credit Facility | 650 | | | — | | | 281 | | 369 | | |
| LG&E Credit Facilities | 500 | | | — | | | 206 | | 294 | | |
| KU Credit Facilities | 400 | | | — | | | 139 | | 261 | | |
| Total LKE | 900 | | | — | | | 345 | | 555 | | |
| Total U.S. Credit Facilities (a) | $3,450 | | | $400 | | | $626 | | $2,424 | | |
| Total U.K. Credit Facilities (b) | £ | 1,055 | | | £ | 332 | | £ | — | £ | 721 |
Table 127 after “(LKE, LG&E and KU)”
| Committed Capacity | Borrowed | | Non-affiliate Used Capacity | Unused Capacity | |
| LKE Credit Facility | $375 | | $153 | | $— | $222 |
| LG&E Money Pool (a) | 750 | | — | | 206 | 544 |
| KU Money Pool (a) | 650 | | — | | 139 | 511 |
Table 128 after “PPL, PPL Electric, LG&E and KU maintain commercial paper programs to provide an additional financing source to fund short-term liquidity nee”
| Capacity | Commercial Paper Issuances | | Unused Capacity | |
| PPL Capital Funding | $1,500 | | $— | | $1,500 |
| PPL Electric | 650 | | 280 | | 370 |
| LG&E | 350 | | 206 | | 144 |
| KU | 350 | | 139 | | 211 |
| Total LKE | 700 | | 345 | | 355 |
| Total PPL | $2,850 | | $625 | | $2,225 |
Table 129 after “The following interest rate hedges were outstanding at September 30, 2020.”
| 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) | $168 | | $(7) | | $(1) | 2035 |
| Cross-currency swaps (c) | 702 | | 149 | | (70) | 2028 |
| Economic hedges | | | | | | |
| Interest rate swaps (d) | 147 | | (26) | | — | 2033 |
| LKE | | | | | | |
First 8 of 13 rows. The download has all of them.
Table 130 after “The Registrants are exposed to a potential increase in interest expense and to changes in the fair value of their debt portfolios. The estim”
| 10% Adverse Movement in Rates |
| PPL | $611 |
| PPL Electric | 180 |
| LKE | 205 |
| LG&E | 77 |
| KU | 122 |
Table 131 after “The following foreign currency hedges were outstanding at September 30, 2020.”
| 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) | £ | 340 | | $41 | | $(30) | 2021 |
| 1(a) | - | Final Terms, dated October 5, 2020, of Western Power Distribution (South Wales) plc £250,000,000 1.625 per cent Fixed Rate Notes due 2035 under the £4,000,000,000 Euro Medium Term Note Programme (Exhibit 1.1. to PPL Corporation Form 8-K Report (File No. 1-11459) dated October 8, 2020) |
| 4(a) | - | Supplemental Indenture No. 22, dated as of September 15, 2020, to Indenture, dated as of August 1, 2000, among PPL Electric Utilities Corporation and the Bank of New York Mellon, as Trustee (Exhibit 4(a) to PPL Corporation Form 8-K Report (File No. 1-11459) dated October 1, 2020) |
| 4(b) | - | Subscription Agreement, dated October 5, 2020, by and among Western Power Distribution (South Wales) plc as Issuer, Barclays Bank plc, Lloyds Bank Corporate Markets plc, MUFG Securities EMEA plc, Natwest Markets plc as Joint Lead Managers (Exhibit 4.1 to PPL Corporation Form 8-K Report (File No. 1-11459) dated October 8, 2020) |
| 4(c) | - | Amended and Restated Trust Deed, dated August 21, 2020, 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 4.2 to PPL Corporation Form 8-K Report (File No. 1-11459) dated October 8, 2020) |
| 4(d) | - | £4,000,000,000 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 August 21, 2020 (Exhibit 4.3 to PPL Corporation Form 8-K Report (File No. 1-11459) dated October 8, 2020 |
| Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, for the quarterly period ended September 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 |
First 8 of 29 rows. The download has all of them.