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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Revenues    
Operating Revenues $ 2,079 $ 2,126
Operation    
Fuel 194 214
Energy purchases 250 241
Other operation and maintenance 490 468
Depreciation 284 269
Taxes, other than income 80 83
Total Operating Expenses 1,298 1,275
Operating Income 781 851
Other Income (Expense) - net 52 (43)
Interest Expense 241 239
Income Before Income Taxes 592 569
Income Taxes 126 117
Net Income $ 466 $ 452
Net Income:    
Basic (in dollars per share) $ 0.65 $ 0.65
Diluted (in dollars per share) $ 0.64 $ 0.65
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 721,023 694,514
Diluted (in shares) 729,953 695,322
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues $ 645 $ 639
Operation    
Energy purchases 171 161
Other operation and maintenance 150 133
Depreciation 95 85
Taxes, other than income 31 32
Total Operating Expenses 447 411
Operating Income 198 228
Other Income (Expense) - net 5 6
Interest Income from Affiliate 2 0
Interest Expense 42 37
Income Before Income Taxes 163 197
Income Taxes 42 49
Net Income [1] 121 148
LG And E And KU Energy LLC [Member]    
Operating Revenues    
Operating Revenues 845 872
Operation    
Fuel 194 214
Energy purchases 79 80
Other operation and maintenance 214 205
Depreciation 123 117
Taxes, other than income 18 17
Total Operating Expenses 628 633
Operating Income 217 239
Other Income (Expense) - net 0 (3)
Interest Expense 54 50
Interest Expense with Affiliate 7 5
Income Before Income Taxes 156 181
Income Taxes 32 39
Net Income [2] 124 142
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 397 407
Electric revenue from affiliate 13 12
Operating Revenues 410 419
Operation    
Fuel 78 79
Energy purchases 74 76
Energy purchases from affiliate 2 6
Other operation and maintenance 94 89
Depreciation 51 48
Taxes, other than income 9 9
Total Operating Expenses 308 307
Operating Income 102 112
Other Income (Expense) - net 0 (1)
Interest Expense 21 18
Income Before Income Taxes 81 93
Income Taxes 17 21
Net Income [3] 64 72
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 448 465
Electric revenue from affiliate 2 6
Operating Revenues 450 471
Operation    
Fuel 116 135
Energy purchases 5 4
Energy purchases from affiliate 13 12
Other operation and maintenance 108 105
Depreciation 72 68
Taxes, other than income 9 8
Total Operating Expenses 323 332
Operating Income 127 139
Other Income (Expense) - net 2 (3)
Interest Expense 26 25
Income Before Income Taxes 103 111
Income Taxes 22 24
Net Income $ 81 $ 87
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.
[3] Net income equals comprehensive income.