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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues        
Operating Revenues $ 1,845 $ 1,889 $ 5,521 $ 5,685
Operation        
Fuel 202 227 576 607
Energy purchases 143 151 494 531
Other operation and maintenance 397 417 1,217 1,292
Depreciation 257 232 745 692
Taxes, other than income 69 76 214 229
Total Operating Expenses 1,068 1,103 3,246 3,351
Operating Income 777 786 2,275 2,334
Other Income (Expense) - net (76) 49 (235) 284
Interest Expense 230 223 669 671
Income Before Income Taxes 471 612 1,371 1,947
Income Taxes 116 139 321 510
Net Income $ 355 $ 473 $ 1,050 $ 1,437
Net Income:        
Basic (in dollars per share) $ 0.52 $ 0.70 $ 1.53 $ 2.12
Diluted (in dollars per share) 0.51 0.69 1.53 2.11
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.3950 $ 0.38 $ 1.185 $ 1.14
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 686,563 678,114 683,783 676,905
Diluted (in shares) 688,746 680,348 686,081 679,969
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 547 $ 539 $ 1,620 $ 1,619
Operation        
Energy purchases 121 129 374 414
Other operation and maintenance 133 144 435 431
Depreciation 77 64 228 185
Taxes, other than income 27 26 79 79
Total Operating Expenses 358 363 1,116 1,109
Operating Income 189 176 504 510
Other Income (Expense) - net 4 4 8 12
Interest Income from Affiliate 2 0 3 0
Interest Expense 36 32 105 97
Income Before Income Taxes 159 148 410 425
Income Taxes 64 58 159 162
Net Income [1] 95 90 251 263
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 818 835 2,350 2,382
Operation        
Fuel 202 227 576 607
Energy purchases 22 24 120 118
Other operation and maintenance 199 197 598 603
Depreciation 114 102 324 301
Taxes, other than income 17 16 49 46
Total Operating Expenses 554 566 1,667 1,675
Operating Income 264 269 683 707
Other Income (Expense) - net 1 (3) (5) (9)
Interest Expense 49 50 148 147
Interest Expense with Affiliate 5 4 13 12
Income Before Income Taxes 211 212 517 539
Income Taxes 79 79 195 202
Net Income 132 133 322 337
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 361 366 1,055 1,058
Electric revenue from affiliate 2 2 23 19
Operating Revenues 363 368 1,078 1,077
Operation        
Fuel 76 86 225 233
Energy purchases 18 19 107 104
Energy purchases from affiliate 3 5 8 10
Other operation and maintenance 89 85 262 264
Depreciation 47 43 136 126
Taxes, other than income 8 9 25 24
Total Operating Expenses 241 247 763 761
Operating Income 122 121 315 316
Other Income (Expense) - net (1) (1) (2) (6)
Interest Expense 17 18 53 53
Income Before Income Taxes 104 102 260 257
Income Taxes 39 39 99 98
Net Income [1] 65 63 161 159
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 457 469 1,295 1,324
Electric revenue from affiliate 3 5 8 10
Operating Revenues 460 474 1,303 1,334
Operation        
Fuel 126 141 351 374
Energy purchases 4 5 13 14
Energy purchases from affiliate 2 2 23 19
Other operation and maintenance 104 107 313 320
Depreciation 67 59 188 175
Taxes, other than income 9 7 24 22
Total Operating Expenses 312 321 912 924
Operating Income 148 153 391 410
Other Income (Expense) - net 0 (3) (3) (4)
Interest Expense 24 24 72 71
Income Before Income Taxes 124 126 316 335
Income Taxes 47 48 120 128
Net Income [2] $ 77 $ 78 $ 196 $ 207
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.