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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues        
Utility $ 1,765 $ 1,830 $ 3,979 $ 3,992
Energy-related businesses 16 19 32 35
Total Operating Revenues 1,781 1,849 4,011 4,027
Operation        
Fuel 214 232 467 508
Energy purchases 170 171 499 510
Other operation and maintenance 454 447 897 887
Depreciation 216 230 432 455
Taxes, other than income 76 77 162 160
Energy-related businesses 13 14 26 28
Total Operating Expenses 1,143 1,171 2,483 2,548
Operating Income (Loss) 638 678 1,528 1,479
Other Income (Expense) - net (102) (74) (14) (103)
Interest Expense 215 208 424 424
Income (Loss) Before Income Taxes 321 396 1,090 952
Income Taxes 71 166 288 333
Income (Loss) from Continuing Operations After Income Taxes 250 230 802 619
Income (Loss) from Discontinued Operations (net of income taxes) (1,007) (1) (912) (74)
Net Income (Loss) $ (757) $ 229 $ (110) $ 545
Income from Continuing Operations After Income Taxes Available to PPL Common Shareowners:        
Basic (in dollars per share) $ 0.37 $ 0.35 $ 1.2 $ 0.96
Diluted (in dollars per share) 0.37 0.34 1.19 0.94
Net Income (Loss) Available to PPL Common Shareowners:        
Basic (in dollars per share) (1.13) 0.35 (0.17) 0.84
Diluted (in dollars per share) (1.13) 0.34 (0.17) 0.83
Dividends Declared Per Share of Common Stock $ 0.3725 $ 0.3725 $ 0.745 $ 0.745
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic 668,415 653,132 667,698 642,002
Diluted 671,286 665,792 670,013 664,927
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Total Operating Revenues $ 476 $ 449 $ 1,106 $ 1,041
Operation        
Energy purchases 138 114 365 303
Energy purchases from affiliates 5 21 14 48
Other operation and maintenance 140 135 273 269
Depreciation 52 45 103 90
Taxes, other than income 25 23 60 55
Total Operating Expenses 360 338 815 765
Operating Income (Loss) 116 111 291 276
Other Income (Expense) - net 2 1 4 3
Interest Expense 33 29 64 58
Income (Loss) Before Income Taxes 85 83 231 221
Income Taxes 36 31 95 84
Net Income (Loss) [1] 49 52 136 137
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Total Operating Revenues 714 722 1,613 1,656
Operation        
Fuel 214 231 467 508
Energy purchases 28 36 120 160
Other operation and maintenance 214 206 423 412
Depreciation 94 87 189 173
Taxes, other than income 15 13 29 26
Total Operating Expenses 565 573 1,228 1,279
Operating Income (Loss) 149 149 385 377
Other Income (Expense) - net (1) (2) (2) (4)
Interest Expense 42 41 84 83
Interest Expense with Affiliates 1 0 1 0
Income (Loss) Before Income Taxes 105 106 298 290
Income Taxes 45 41 121 110
Net Income (Loss) 60 65 177 180
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 323 320 740 762
Electric revenue from affiliates 8 24 30 61
Total Operating Revenues 331 344 770 823
Operation        
Fuel 82 104 185 221
Energy purchases 23 29 111 147
Energy purchases from affiliates 5 2 8 8
Other operation and maintenance 103 94 199 192
Depreciation 40 39 82 77
Taxes, other than income 7 7 14 13
Total Operating Expenses 260 275 599 658
Operating Income (Loss) 71 69 171 165
Other Income (Expense) - net (1) (1) (2) (3)
Interest Expense 13 12 26 24
Income (Loss) Before Income Taxes 57 56 143 138
Income Taxes 22 21 55 51
Net Income (Loss) [2] 35 35 88 87
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 391 402 873 894
Electric revenue from affiliates 5 2 8 8
Total Operating Revenues 396 404 881 902
Operation        
Fuel 132 127 282 287
Energy purchases 5 7 9 13
Energy purchases from affiliates 8 24 30 61
Other operation and maintenance 109 107 213 205
Depreciation 54 47 107 95
Taxes, other than income 8 6 15 13
Total Operating Expenses 316 318 656 674
Operating Income (Loss) 80 86 225 228
Other Income (Expense) - net 2 0 1 0
Interest Expense 19 20 38 39
Income (Loss) Before Income Taxes 63 66 188 189
Income Taxes 24 26 71 72
Net Income (Loss) [1] $ 39 $ 40 $ 117 $ 117
[1] Net income approximates comprehensive income.
[2] Net income equals comprehensive income.