Exhibit 99(a) | |||||||||||||
PPL CORPORATION AND SUBSIDIARIES | |||||||||||||
LONG-TERM DEBT SCHEDULE | |||||||||||||
(Unaudited) | |||||||||||||
(Millions of Dollars) | |||||||||||||
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2014 | |||||||||||
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 | |||||||||
69352PAK9 | 3.950 | % | 03/15/2024 | 350 | |||||||||
69352PAJ2 | 5.000 | % | 03/15/2044 | 400 | |||||||||
Total Senior Unsecured Notes | 2,700 | ||||||||||||
Junior Subordinated Notes | |||||||||||||
69352PAC7 | 6.700 | % | 03/30/2067 | 480 | |||||||||
69352P202 | 5.900 | % | 04/30/2073 | 450 | |||||||||
Total Junior Subordinated Notes | 930 | ||||||||||||
Total PPL Capital Funding Long-term Debt | 3,630 | ||||||||||||
PPL Energy Supply | |||||||||||||
Senior Unsecured Notes | 2,193 | ||||||||||||
Senior Secured Notes | 45 | ||||||||||||
Total PPL Energy Supply Long-term Debt | 2,238 | ||||||||||||
PPL Electric | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | 2,614 | ||||||||||||
Total PPL Electric Long-term Debt | 2,614 | ||||||||||||
LKE | |||||||||||||
Senior Unsecured Notes | 1,125 | ||||||||||||
First Mortgage Bonds | 3,460 | ||||||||||||
Total LKE Long-term Debt | 4,585 | ||||||||||||
Total U.S. Long-term Debt | 13,067 |
361
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2014 | |||||||||||
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 | 1,096 | |||||||||
XS0568142482 | 6.250 | % | 12/10/2040 | 392 | |||||||||
XS0568142052 | 6.000 | % | 05/09/2025 | 392 | |||||||||
XS0627336323 | 5.750 | % | 04/16/2032 | 1,253 | |||||||||
XS0979476602 | 3.875 | % | 10/17/2024 | 627 | |||||||||
XS0061222484 | 9.250 | % | 11/09/2020 | 235 | |||||||||
XS0280014282 | 4.804 | % | 12/21/2037 | 352 | |||||||||
XS0496999219 | 5.750 | % | 03/23/2040 | 313 | |||||||||
XS0165510313 | 5.875 | % | 03/25/2027 | 392 | |||||||||
XS0496975110 | 5.750 | % | 03/23/2040 | 313 | |||||||||
Total Senior Unsecured Notes | 6,627 | ||||||||||||
Index-Linked Notes 1 | |||||||||||||
XS0632038666 | 2.671 | % | 06/01/2043 | 173 | |||||||||
XS0974143439 | 1.676 | % | 09/24/2052 | 105 | |||||||||
XS0277685987 | 1.541 | % | 12/01/2053 | 212 | |||||||||
XS0279320708 | 1.541 | % | 12/01/2056 | 242 | |||||||||
Total Index-Linked Notes | 732 | ||||||||||||
Total U.K. Long-term Debt | 7,359 | ||||||||||||
Total Long-term Debt Before Adjustments | 20,426 | ||||||||||||
Fair market value adjustments | 18 | ||||||||||||
Unamortized premium and (discount), net | (53) | ||||||||||||
Total Long-term Debt | 20,391 | ||||||||||||
Less current portion of Long-term Debt | 1,535 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 18,856 | |||||||||||
PPL Energy Supply | |||||||||||||
Senior Unsecured Notes | |||||||||||||
69352JAG2 2 | 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 3 | 3.000 | % | 12/01/2038 | 100 | |||||||||
708686CZ1 3 | 3.000 | % | 12/01/2038 | 50 | |||||||||
708686CY4 3 | 3.000 | % | 12/01/2037 | 81 | |||||||||
Total Senior Unsecured Notes | 2,193 | ||||||||||||
Senior Secured Notes | |||||||||||||
00103XAC7 | 8.857 | % | 11/30/2025 | 45 | |||||||||
Total Senior Secured Notes | 45 | ||||||||||||
Total Long-term Debt Before Adjustments | 2,238 | ||||||||||||
362
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2014 | |||||||||||
Fair market value adjustments | (19) | ||||||||||||
Unamortized premium and (discount), net | (1) | ||||||||||||
Total Long-term Debt | 2,218 | ||||||||||||
Less current portion of Long-term Debt | 535 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 1,683 | |||||||||||
PPL Electric | |||||||||||||
Senior Secured Notes/First Mortgage Bonds | |||||||||||||
524808BM3 | 4.750 | % | 02/15/2027 | $ | 108 | ||||||||
524808BL5 | 4.700 | % | 09/01/2029 | 116 | |||||||||
70869MAC8 3 | 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 | |||||||||
69351UAS2 | 4.125 | % | 06/15/2044 | 300 | |||||||||
Total Senior Secured Notes | 2,614 | ||||||||||||
Total Long-term Debt Before Adjustments | 2,614 | ||||||||||||
Unamortized discount | (12) | ||||||||||||
Total Long-term Debt | 2,602 | ||||||||||||
Less current portion of Long-term Debt | 100 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 2,502 | |||||||||||
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 | |||||||||||||
First Mortgage Bonds | 1,359 | ||||||||||||
KU | |||||||||||||
First Mortgage Bonds | 2,101 | ||||||||||||
Total Long-term Debt Before Adjustments | 4,585 | ||||||||||||
Fair market value adjustments | (1) | ||||||||||||
Unamortized discount | (17) | ||||||||||||
Total Long-term Debt | 4,567 | ||||||||||||
Less current portion of Long-term Debt | 900 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 3,667 | |||||||||||
363
Interest | Maturity | ||||||||||||
Rate | Date | December 31, 2014 | |||||||||||
LG&E | |||||||||||||
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 4 | 0.230 | % | 09/01/2026 | 23 | |||||||||
896224AX0 3 | 1.050 | % | 09/01/2026 | 27 | |||||||||
N/A 4, 6 | 0.773 | % | 05/01/2027 | 25 | |||||||||
47302PAA8 4 | 0.220 | % | 09/01/2027 | 10 | |||||||||
896224AW2 3 | 1.350 | % | 11/01/2027 | 35 | |||||||||
546749AL6 3 | 1.350 | % | 11/01/2027 | 35 | |||||||||
896224AS1 4 | 0.240 | % | 08/01/2030 | 83 | |||||||||
896224AV4 4 | 0.242 | % | 10/01/2032 | 42 | |||||||||
546751AE8 3 | 1.150 | % | 06/01/2033 | 31 | |||||||||
546751AG3 3 | 1.600 | % | 06/01/2033 | 35 | |||||||||
546749AJ1 3 | 1.650 | % | 10/01/2033 | 128 | |||||||||
546749AK8 3 | 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 | ||||||||||||
Less current portion of Long-term Debt | 250 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 1,103 | |||||||||||
KU | |||||||||||||
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 5 | 0.060 | % | 05/01/2023 | 13 | |||||||||
14483RAN7 5 | 0.050 | % | 02/01/2032 | 78 | |||||||||
144838AA7 5 | 0.250 | % | 02/01/2032 | 21 | |||||||||
144838AB5 5 | 0.250 | % | 02/01/2032 | 2 | |||||||||
587824AA1 5 | 0.250 | % | 02/01/2032 | 8 | |||||||||
62479PAA4 5 | 0.250 | % | 02/01/2032 | 2 | |||||||||
144838AC3 5 | 0.160 | % | 10/01/2032 | 96 | |||||||||
14483RAP2 5 | 0.050 | % | 10/01/2034 | 54 | |||||||||
14483RAM9 5 | 0.030 | % | 10/01/2034 | 50 | |||||||||
Total Long-term Debt Before Adjustments | 2,101 | ||||||||||||
Fair market value adjustments | |||||||||||||
Unamortized discount | (10) | ||||||||||||
Total Long-term Debt | 2,091 | ||||||||||||
Less current portion of Long-term Debt | 250 | ||||||||||||
Total Long-term Debt, noncurrent | $ | 1,841 |
364
(1) | Principal amount of the notes are adjusted based on changes in a specified index, as detailed in the terms of the related indentures. |
(2) | 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. |
(3) | Securities are currently in a term rate mode. |
(4) | Securities have a floating rate of interest that periodically resets. At December 31, 2014 the weighted average rate of the $183 million of notes at LG&E was 0.31%. |
(5) | Securities have a floating rate of interest that periodically resets. At December 31, 2014 the weighted average rate of the $324 million of notes at KU was 0.10%. |
(6) | No CUSIP - Bonds were remarketed and 100% of bonds are held by a third party. |
365