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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues        
Operating Revenues $ 1,696 $ 1,288 $ 3,478 $ 2,786
Operation        
Fuel 229 159 441 336
Energy purchases 305 137 657 357
Other operation and maintenance 560 404 993 771
Depreciation 289 269 560 536
Taxes, other than income 70 49 130 101
Total Operating Expenses 1,453 1,018 2,781 2,101
Operating Income 243 270 697 685
Other Income (Expense) - net 26 13 26 13
Interest Expense 118 474 225 627
Income Taxes 32 345 106 404
Income from continuing operations after income taxes 119 (536) 392 (333)
Income (Loss) from Discontinued Operations (net of income taxes)   555 0 (1,488)
Net Income (Loss) $ 119 $ 19 $ 392 $ (1,821)
Net Income:        
Income from Continuing Operations After Income Taxes $ 0.16 $ (0.69) $ 0.53 $ (0.44)
Loss from Discontinued Operations (net of income taxes) 0 0.72 0 (1.93)
Net Income (Loss) Available to PPL Common Shareowners $ 0.16 $ 0.03 $ 0.53 $ (2.37)
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 735,977 769,466 735,741 769,313
Diluted (in shares) 736,769 769,466 736,478 769,313
Income from Continuing Operations Before Income Taxes $ 151 $ (191) $ 498 $ 71
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues 676 537 1,451 1,142
Operation        
Energy purchases 218 110 474 259
Other operation and maintenance 128 125 288 253
Depreciation 99 109 197 217
Taxes, other than income 32 26 69 58
Total Operating Expenses 477 370 1,028 787
Operating Income 199 167 423 355
Other Income (Expense) - net 7 5 13 10
Interest Income from Affiliate 2 0 4 0
Interest Expense 40 42 79 85
Income Taxes 44 34 94 71
Net Income (Loss) [1] 124 96 267 209
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 168 130 361 280
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 399 333 880 754
Electric revenue from affiliate 11 9 23 16
Operating Revenues 410 342 903 770
Operation        
Fuel 90 66 171 133
Energy purchases 43 23 134 89
Energy purchases from affiliate 7 3 9 8
Other operation and maintenance 103 97 203 193
Depreciation 75 68 149 134
Taxes, other than income 12 11 24 22
Total Operating Expenses 330 268 690 579
Operating Income 80 74 213 191
Other Income (Expense) - net 4 3 3 1
Interest Expense 21 20 41 41
Income Taxes 9 12 28 31
Net Income (Loss) [2] 54 45 147 120
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 63 57 175 151
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 484 408 1,007 872
Electric revenue from affiliate 7 3 9 8
Operating Revenues 491 411 1,016 880
Operation        
Fuel 139 93 270 203
Energy purchases 7 4 12 9
Energy purchases from affiliate 11 9 23 16
Other operation and maintenance 120 111 233 226
Depreciation 98 90 193 179
Taxes, other than income 11 11 22 21
Total Operating Expenses 386 318 753 654
Operating Income 105 93 263 226
Other Income (Expense) - net 4 3 4 4
Interest Expense 28 27 55 54
Income Taxes 15 13 39 34
Net Income (Loss) [3] 66 56 173 142
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes $ 81 $ 69 $ 212 $ 176
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.