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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Revenues      
Operating Revenues $ 5,783 $ 5,474 $ 5,602
Operation      
Fuel 710 632 709
Energy purchases 752 634 723
Other operation and maintenance 1,608 1,420 1,509
Depreciation 1,082 1,022 949
Taxes, other than income 207 180 186
Total Operating Expenses 4,359 3,888 4,076
Operating Income 1,424 1,586 1,526
Other Income (Expense) - net 15 2 14
Interest Expense 918 634 621
Income (Loss) from Continuing Operations Before Income Taxes 521 954 919
Income Taxes 503 314 183
Income (Loss) from Continuing Operations After Income Taxes 18 640 736
Income (Loss) from Discontinued Operations (net of income taxes) (1,498) 829 1,010
Net income (Loss) $ (1,480) $ 1,469 $ 1,746
Income (Loss) from Continuing Operations, Per Basic Share $ 0.03 $ 0.83 $ 1.01
Earnings per Share of Common Stock [Abstract]      
Income (Loss) from Discontinued Operation ( net of income taxes) (1.96) 1.08 1.38
Net Income (Loss) Available to PPL Common Shareowners (1.93) 1.91 2.39
Income (Loss) from Continuing Operations, Per Diluted Share 0.03 0.83 1.00
Income (Loss) from Discontinued Operation (net of income taxes) (1.96) 1.08 1.37
Net Income (Loss) Available to PPL Common Shareowners $ (1.93) $ 1.91 $ 2.37
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 762,902 768,590 728,512
Diluted 764,819 769,384 736,754
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 2,402 $ 2,331 $ 2,358
Operation      
Energy purchases 566 491 549
Other operation and maintenance 557 513 566
Depreciation 424 403 386
Taxes, other than income 120 107 112
Total Operating Expenses 1,667 1,514 1,613
Operating Income 735 817 745
Other Income (Expense) - net 21 18 25
Interest Income from Affiliate 5 2 6
Interest Expense 162 173 170
Income (Loss) from Continuing Operations Before Income Taxes 599 664 606
Income Taxes 154 167 149
Net income (Loss) [1] 445 497 457
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,545 1,435 1,473
Electric revenue from affiliates 24 21 27
Operating Revenues 1,569 1,456 1,500
Operation      
Fuel 265 246 289
Energy purchases 167 125 154
Energy purchases from affiliate 23 19 7
Other operation and maintenance 400 373 387
Depreciation 279 259 231
Taxes, other than income 46 40 39
Total Operating Expenses 1,180 1,062 1,107
Operating Income 389 394 393
Other Income (Expense) - net (5) (1) (11)
Interest Expense 81 87 87
Income (Loss) from Continuing Operations Before Income Taxes 303 306 295
Income Taxes 54 62 63
Net income (Loss) [2] 249 244 232
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 1,803 1,671 1,733
Electric revenue from affiliates 23 19 7
Operating Revenues 1,826 1,690 1,740
Operation      
Fuel 445 386 420
Energy purchases 19 18 20
Energy purchases from affiliate 24 21 27
Other operation and maintenance 463 429 438
Depreciation 366 346 315
Taxes, other than income 41 37 35
Total Operating Expenses 1,358 1,237 1,255
Operating Income 468 453 485
Other Income (Expense) - net 4 3 (4)
Interest Expense 109 113 109
Income (Loss) from Continuing Operations Before Income Taxes 363 343 372
Income Taxes 67 63 79
Net income (Loss) [3] $ 296 $ 280 $ 293
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.