PPL CORPORATION AND SUBSIDIARIES | |||||||||||||
LONG-TERM DEBT SCHEDULE | |||||||||||||
(Unaudited) | |||||||||||||
(Millions of Dollars) | |||||||||||||
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2013 | |||||||||||
PPL | |||||||||||||
U.S. | |||||||||||||
PPL Capital Funding | |||||||||||||
Senior Unsecured Notes | |||||||||||||
69352PAD5 | 4.200 | % | 06/15/2022 | $ | 400 | ||||||||
69352PAE3 | 3.500 | % | 12/01/2022 | 400 | |||||||||
69352PAG8 | 1.900 | % | 06/01/2018 | 250 | |||||||||
69352PAF0 | 3.400 | % | 06/01/2023 | 600 | |||||||||
69352PAH6 | 4.700 | % | 06/01/2043 | 300 | |||||||||
Total Senior Unsecured Notes | 1,950 | ||||||||||||
Junior Subordinated Notes | |||||||||||||
69351TAC0 1 | 4.320 | % | 05/01/2019 | 978 | |||||||||
69352PAC7 | 6.700 | % | 03/30/2067 | 480 | |||||||||
69352P202 | 5.900 | % | 04/30/2073 | 450 | |||||||||
Total Junior Subordinated Notes | 1,908 | ||||||||||||
Total PPL Capital Funding Long-term Debt | 3,858 | ||||||||||||
PPL Energy Supply | |||||||||||||
Senior Unsecured Notes | 2,493 | ||||||||||||
Senior Secured Notes | 49 | ||||||||||||
Other | 5 | ||||||||||||
Total PPL Energy Supply Long-term Debt | 2,547 | ||||||||||||
PPL Electric | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | 2,314 | ||||||||||||
Other | 10 | ||||||||||||
Total PPL Electric Long-term Debt | 2,324 | ||||||||||||
LKE | |||||||||||||
Senior Unsecured Notes | 1,125 | ||||||||||||
Senior Secured Notes/First Mortgage Bonds | 3,460 | ||||||||||||
Total LKE Long-term Debt | 4,585 | ||||||||||||
Total U.S. Long-term Debt | 13,314 |
352
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2013 | |||||||||||
U.K. | |||||||||||||
Senior Unsecured Notes | |||||||||||||
USG7208UAB73 | 3.900 | % | 05/01/2016 | 460 | |||||||||
USG7208UAA90 | 5.375 | % | 05/01/2021 | 500 | |||||||||
USG9796VAD58 | 7.250 | % | 12/15/2017 | 100 | |||||||||
USG9796VAE32 | 7.375 | % | 12/15/2028 | 202 | |||||||||
XS0627333221 | 5.250 | % | 01/17/2023 | 1,147 | |||||||||
XS0568142482 | 6.250 | % | 12/10/2040 | 409 | |||||||||
XS0568142052 | 6.000 | % | 05/09/2025 | 409 | |||||||||
XS0627336323 | 5.750 | % | 04/16/2032 | 1,310 | |||||||||
XS0979476602 | 3.875 | % | 10/17/2024 | 655 | |||||||||
XS0061222484 | 9.250 | % | 11/09/2020 | 246 | |||||||||
XS0280014282 | 4.804 | % | 12/21/2037 | 369 | |||||||||
XS0496999219 | 5.750 | % | 03/23/2040 | 328 | |||||||||
XS0165510313 | 5.875 | % | 03/25/2027 | 409 | |||||||||
XS0496975110 | 5.750 | % | 03/23/2040 | 328 | |||||||||
Total Senior Unsecured Notes | 6,872 | ||||||||||||
Index-Linked Notes 2 | |||||||||||||
XS0632038666 | 2.671 | % | 06/01/2043 | 178 | |||||||||
XS0974143439 | 1.676 | % | 09/24/2052 | 107 | |||||||||
XS0277685987 | 1.541 | % | 12/01/2053 | 217 | |||||||||
XS0279320708 | 1.541 | % | 12/01/2056 | 247 | |||||||||
Total Index-Linked Notes | 749 | ||||||||||||
Total U.K. Long-term Debt | 7,621 | ||||||||||||
Total Long-term Debt Before Adjustments | 20,935 | ||||||||||||
Fair market value adjustments | 23 | ||||||||||||
Unamortized premium and (discount), net | (51) | ||||||||||||
Total Long-term Debt | 20,907 | ||||||||||||
Less current portion of Long-term Debt | 315 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 20,592 |
353
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2013 | |||||||||||
PPL Energy Supply | |||||||||||||
Senior Unsecured Notes | |||||||||||||
69352JAF4 | 5.400 | % | 08/15/2014 | $ | 300 | ||||||||
69352JAG2 3 | 5.700 | % | 10/15/2035 | 300 | |||||||||
69352JAH0 | 6.200 | % | 05/15/2016 | 350 | |||||||||
69352JAL1 | 6.500 | % | 05/01/2018 | 400 | |||||||||
69352JAN7 | 4.600 | % | 12/15/2021 | 712 | |||||||||
69352JAK3 | 6.000 | % | 12/15/2036 | 200 | |||||||||
708686CX6 4 | 3.000 | % | 12/01/2038 | 100 | |||||||||
708686CZ1 4 | 3.000 | % | 12/01/2038 | 50 | |||||||||
708686CY4 4 | 3.000 | % | 12/01/2037 | 81 | |||||||||
Total Senior Unsecured Notes | 2,493 | ||||||||||||
Senior Secured Notes | |||||||||||||
00103XAC7 | 8.857 | % | 11/30/2025 | 49 | |||||||||
Total Senior Secured Notes | 49 | ||||||||||||
Other | |||||||||||||
N/A | 6.000 | % | 11/30/2020 | 5 | |||||||||
Total Other | 5 | ||||||||||||
Total Long-term Debt Before Adjustments | 2,547 | ||||||||||||
Fair market value adjustments | (22) | ||||||||||||
Unamortized premium and (discount), net | |||||||||||||
Total Long-term Debt | 2,525 | ||||||||||||
Less current portion of Long-term Debt | 304 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 2,221 | |||||||||||
PPL Electric | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | |||||||||||||
524808BM3 | 4.750 | % | 02/15/2027 | $ | 108 | ||||||||
524808BL5 | 4.700 | % | 09/01/2029 | 116 | |||||||||
70869MAC8 4 | 4.000 | % | 10/01/2023 | 90 | |||||||||
69351UAF0 | 4.950 | % | 12/15/2015 | 100 | |||||||||
69351UAG8 | 5.150 | % | 12/15/2020 | 100 | |||||||||
69351UAP8 | 3.000 | % | 09/15/2021 | 400 | |||||||||
69351UAQ6 | 2.500 | % | 09/01/2022 | 250 | |||||||||
69351UAH6/UAK9 | 6.450 | % | 08/15/2037 | 250 | |||||||||
69351UAM5 | 6.250 | % | 05/15/2039 | 300 | |||||||||
69351UAN3 | 5.200 | % | 07/15/2041 | 250 | |||||||||
63951UAR4 | 4.750 | % | 07/15/2043 | 350 | |||||||||
Total Senior Secured Notes | 2,314 | ||||||||||||
Other | |||||||||||||
709051CD6 | 7.375 | % | 03/01/2014 | 10 | |||||||||
Total Other | 10 | ||||||||||||
Total Long-term Debt Before Adjustments | 2,324 | ||||||||||||
Unamortized discount | (9) | ||||||||||||
Total Long-term Debt | 2,315 | ||||||||||||
Less current portion of Long-term Debt | 10 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 2,305 | |||||||||||
354
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2013 | |||||||||||
LKE | |||||||||||||
Senior Unsecured Notes | |||||||||||||
50188FAB1/FAA3 | 2.125 | % | 11/15/2015 | $ | 400 | ||||||||
50188FAD7 | 3.750 | % | 11/15/2020 | 475 | |||||||||
50188FAE5 | 4.375 | % | 10/01/2021 | 250 | |||||||||
Total Senior Unsecured Notes | 1,125 | ||||||||||||
LG&E | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | 1,359 | ||||||||||||
KU | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | 2,101 | ||||||||||||
Total Long-term Debt Before Adjustments | 4,585 | ||||||||||||
Fair market value adjustments | (1) | ||||||||||||
Unamortized discount | (19) | ||||||||||||
Total Long-term Debt | $ | 4,565 | |||||||||||
LG&E | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | |||||||||||||
546676AS6 | 1.625 | % | 11/15/2015 | 250 | |||||||||
546676AU1 | 5.125 | % | 11/15/2040 | 285 | |||||||||
546676AV9 | 4.650 | % | 11/15/2043 | 250 | |||||||||
896221AA6 | 4.600 | % | 06/01/2033 | 60 | |||||||||
473044BV6 5 | 0.180 | % | 09/01/2026 | 22 | |||||||||
896224AT9 5 | 0.180 | % | 09/01/2026 | 28 | |||||||||
N/A 5, 7 | 0.780 | % | 05/01/2027 | 25 | |||||||||
47302PAA8 5 | 0.140 | % | 09/01/2027 | 10 | |||||||||
896224AU6 5 | 0.310 | % | 11/01/2027 | 35 | |||||||||
473044BW4 5 | 0.310 | % | 11/01/2027 | 35 | |||||||||
896224AS1 5 | 0.160 | % | 08/01/2030 | 83 | |||||||||
896224AV4 5 | 0.140 | % | 10/01/2032 | 42 | |||||||||
546751AE8 | 1.150 | % | 06/01/2033 | 31 | |||||||||
546751AG3 | 1.600 | % | 06/01/2033 | 35 | |||||||||
546749AJ1 | 1.650 | % | 10/01/2033 | 128 | |||||||||
546749AK8 | 2.200 | % | 02/01/2035 | 40 | |||||||||
Total Long-term Debt Before Adjustments | 1,359 | ||||||||||||
Fair market value adjustments | (1) | ||||||||||||
Unamortized discount | (5) | ||||||||||||
Total Long-term Debt | $ | 1,353 | |||||||||||
355
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2013 | |||||||||||
KU | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | |||||||||||||
491674BC0 | 1.625 | % | 11/01/2015 | $ | 250 | ||||||||
491674BE6 | 3.250 | % | 11/01/2020 | 500 | |||||||||
491674BG1/BF3 | 5.125 | % | 11/01/2040 | 750 | |||||||||
491674BJ5 | 4.650 | % | 11/15/2043 | 250 | |||||||||
14483RAH0 | 5.750 | % | 02/01/2026 | 18 | |||||||||
896221AC2 | 6.000 | % | 03/01/2037 | 9 | |||||||||
587829AC6 6 | 0.060 | % | 05/01/2023 | 13 | |||||||||
14483RAN7 6 | 0.060 | % | 02/01/2032 | 78 | |||||||||
144838AA7 6 | 0.300 | % | 02/01/2032 | 21 | |||||||||
144838AB5 6 | 0.300 | % | 02/01/2032 | 2 | |||||||||
587824AA1 6 | 0.300 | % | 02/01/2032 | 8 | |||||||||
62479PAA4 6 | 0.300 | % | 02/01/2032 | 2 | |||||||||
144838AC3 6 | 0.100 | % | 10/01/2032 | 96 | |||||||||
14483RAP2 6 | 0.060 | % | 10/01/2034 | 54 | |||||||||
14483RAM9 6 | 0.060 | % | 10/01/2034 | 50 | |||||||||
Total Long-term Debt Before Adjustments | 2,101 | ||||||||||||
Fair market value adjustments | 1 | ||||||||||||
Unamortized discount | (11) | ||||||||||||
Total Long-term Debt | $ | 2,091 |
(1) | The notes are related to the 2011 Equity Units and are expected to be remarketed in 2014. If remarketing fails, holders of the notes will have the right to put the notes to PPL Capital Funding on May 1, 2014. |
(2) | Principal amount of the notes are adjusted based on changes in a specified index, as detailed in the terms of the related indentures. |
(3) | The REPS are required to be put by existing holders on October 15, 2015 for either (a) purchase and remarketing by a designated market dealer or (b) repurchase by PPL Energy Supply. |
(4) | Securities are currently in a term rate mode. |
(5) | Securities have a floating rate of interest that periodically resets. At December 31, 2013 the weighted average rate of the $280 million of notes at LG&E was 0.25%. |
(6) | Securities have a floating rate of interest that periodically resets. At December 31, 2013 the weighted average rate of the $324 million of notes at KU was 0.10%. |
(7) | No CUSIP - Bonds were remarketed and 100% of bonds are held by a third party. |
356