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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Revenues    
Operating Revenues $ 1,498 $ 1,440
Operation    
Fuel 177 163
Energy purchases 220 201
Other operation and maintenance 367 355
Depreciation 267 250
Taxes, other than income 52 47
Total Operating Expenses 1,083 1,016
Operating Income 415 424
Other Income (Expense) - net 0 (5)
Interest Expense 153 154
Income from Continuing Operations Before Income Taxes 262 265
Income Taxes 59 61
Income from continuing operations after income taxes 203 204
Income (Loss) from Discontinued Operations (net of income taxes) (2,043) 350
Net Income (Loss) $ (1,840) $ 554
Net Income:    
Income (Loss) from Continuing Operations After Income Taxes $ 0.26 $ 0.27
Income (loss) from Discontinued Operations (net of income taxes) (2.65) 0.45
Net Income (Loss) Available to PPL Common Shareowners $ (2.39) $ 0.72
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 769,159 767,948
Diluted (in shares) 770,710 768,738
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues $ 605 $ 608
Operation    
Energy purchases 149 144
Other operation and maintenance 128 137
Depreciation 108 98
Taxes, other than income 32 30
Total Operating Expenses 417 409
Operating Income 188 199
Other Income (Expense) - net 5 3
Interest Income from Affiliate 0 1
Interest Expense 43 44
Income from Continuing Operations Before Income Taxes 150 159
Income Taxes 37 41
Net Income (Loss) [1] 113 118
LG And E And KU Energy LLC [Member]    
Operating Revenues    
Operating Revenues 885 825
Operation    
Fuel 177 163
Energy purchases 71 57
Other operation and maintenance 220 204
Depreciation 156 149
Taxes, other than income 21 18
Total Operating Expenses 645 591
Operating Income 240 234
Interest Expense 51 58
Interest Expense with Affiliate 13 7
Income from Continuing Operations Before Income Taxes 176 169
Income Taxes 30 34
Net Income (Loss) [2] 146 135
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 421 393
Electric revenue from affiliate 7 14
Operating Revenues 428 407
Operation    
Fuel 67 74
Energy purchases 66 52
Energy purchases from affiliate 5 0
Other operation and maintenance 96 92
Depreciation 66 64
Taxes, other than income 11 10
Total Operating Expenses 311 292
Operating Income 117 115
Other Income (Expense) - net (2) (1)
Interest Expense 21 22
Income from Continuing Operations Before Income Taxes 94 92
Income Taxes 19 19
Net Income (Loss) [3] 75 73
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 464 432
Electric revenue from affiliate 5 0
Operating Revenues 469 432
Operation    
Fuel 110 89
Energy purchases 5 5
Energy purchases from affiliate 7 14
Other operation and maintenance 115 104
Depreciation 89 84
Taxes, other than income 10 9
Total Operating Expenses 336 305
Operating Income 133 127
Other Income (Expense) - net 1 1
Interest Expense 27 28
Income from Continuing Operations Before Income Taxes 107 100
Income Taxes 21 20
Net Income (Loss) [4] $ 86 $ 80
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.
[3] Net income equals comprehensive income.
[4] Net income equals comprehensive income.