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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and cash equivalents $ 336 $ 3,571
Accounts receivable (less reserve:)    
Customer 772 583
Other 95 58
Unbilled revenues 344 307
Fuel, materials and supplies 332 322
Prepayments 130 60
Regulatory Assets, Current 198 64
Other current assets 94 42
Total Current Assets 2,301 5,007
Property, Plant and Equipment    
Regulated utility plant 36,017 30,477
Less:  accumulated depreciation - regulated utility plant 7,981 6,488
Regulated utility plant, net 28,036 23,989
Non-regulated property, plant and equipment 317 266
Less:  accumulated depreciation - non-regulated property, plant and equipment 60 41
Non-regulated property, plant and equipment, net 257 225
Construction work in progress 1,617 1,256
Property, Plant and Equipment, net 29,910 25,470
Other Noncurrent Assets    
Regulatory assets 1,681 1,236
Goodwill 2,297 716
Other intangibles 337 343
Other noncurrent assets 536 451
Assets, Noncurrent 4,851 2,746
Total Assets 37,062 33,223
Current Liabilities    
Short-term debt 988 69
Long-term debt due within one year 501 474
Accounts payable 985 679
Taxes 99 96
Interest 97 81
Dividends 166 305
Regulatory liabilities 241 182
Other current liabilities 649 437
Liabilities, Current, Total 3,726 2,323
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 12,153 10,666
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,226 3,151
Investment tax credits 126 119
Accrued pension obligations 183 183
Asset retirement obligations 153 157
Regulatory liabilities 3,056 2,422
Other deferred credits and noncurrent liabilities 566 479
Total Deferred Credits and Other Noncurrent Liabilities 7,310 6,511
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,313 12,303
Treasury Stock (976) (1,003)
Earnings reinvested 2,649 2,572
Accumulated other comprehensive loss (124) (157)
Total Shareowners' Common Equity 13,870 13,723
Noncontrolling interests 3 0
Total Equity 13,873 13,723
Total Liabilities and Equity 37,062 33,223
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 29 21
Accounts receivable (less reserve:)    
Customer 337 305
Other 21 22
Accounts receivable from affiliates 7 11
Notes receivable from affiliate 166 499
Notes receivable from affiliate 166 499
Unbilled revenues 125 129
Fuel, materials and supplies 66 61
Prepayments 65 13
Regulatory Assets, Current 11 22
Other current assets 21 21
Total Current Assets 848 1,104
Property, Plant and Equipment    
Regulated utility plant 14,407 14,082
Less:  accumulated depreciation - regulated utility plant 3,440 3,386
Regulated utility plant, net 10,967 10,696
Construction work in progress 598 581
Property, Plant and Equipment, net 11,565 11,277
Other Noncurrent Assets    
Regulatory assets 470 488
Other intangibles 269 270
Pension benefit asset 76 50
Other noncurrent assets 133 113
Assets, Noncurrent 948 921
Total Assets 13,361 13,302
Current Liabilities    
Long-term debt due within one year 474 474
Accounts payable 419 367
Accounts payable to affiliates 32 56
Taxes 8 31
Interest 35 35
Regulatory liabilities 69 153
Counterparty collateral 62 0
Other current liabilities 95 108
Liabilities, Current, Total 1,194 1,224
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 4,012 4,010
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,748 1,668
Regulatory liabilities 549 559
Other deferred credits and noncurrent liabilities 85 105
Total Deferred Credits and Other Noncurrent Liabilities 2,382 2,332
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,189 4,254
Earnings reinvested 1,220 1,118
Total Equity 5,773 5,736
Total Liabilities and Equity 13,361 13,302
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 18 9
Accounts receivable (less reserve:)    
Customer 114 130
Other 18 25
Accounts receivable from affiliates 30 31
Unbilled revenues 72 80
Fuel, materials and supplies 102 137
Prepayments 16 14
Regulatory Assets, Current 52 33
Other current assets 0 2
Total Current Assets 422 461
Property, Plant and Equipment    
Regulated utility plant 7,290 7,192
Less:  accumulated depreciation - regulated utility plant 1,262 1,172
Regulated utility plant, net 6,028 6,020
Construction work in progress 254 242
Property, Plant and Equipment, net 6,282 6,262
Other Noncurrent Assets    
Regulatory assets 355 337
Goodwill 389 389
Other intangibles 27 30
Other noncurrent assets 88 113
Assets, Noncurrent 859 869
Total Assets 7,563 7,592
Current Liabilities    
Short-term debt 394 69
Notes Payable, Related Parties, Current 0 324
Accounts payable 147 163
Accounts payable to affiliates 20 31
Taxes 27 34
Price risk management liabilities current 1 1
Interest 15 15
Current Customer Deposits 32 32
Regulatory liabilities 3 21
Asset Retirement Obligation, Current 9 10
Other current liabilities 41 37
Liabilities, Current, Total 689 737
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,007 2,006
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 762 751
Investment tax credits 32 32
Asset retirement obligations 70 74
Regulatory liabilities 820 818
Price risk management liabilities 9 17
Other deferred credits and noncurrent liabilities 74 78
Total Deferred Credits and Other Noncurrent Liabilities 1,767 1,770
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 2,007 1,997
Earnings reinvested 669 658
Total Equity 3,100 3,079
Total Liabilities and Equity 7,563 7,592
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 17 13
Accounts receivable (less reserve:)    
Customer 142 144
Other 11 12
Unbilled revenues 95 91
Fuel, materials and supplies 130 124
Prepayments 16 15
Regulatory Assets, Current 33 9
Other current assets 0 2
Total Current Assets 444 410
Property, Plant and Equipment    
Regulated utility plant 9,360 9,219
Less:  accumulated depreciation - regulated utility plant 2,065 1,929
Regulated utility plant, net 7,295 7,290
Construction work in progress 436 378
Property, Plant and Equipment, net 7,731 7,668
Other Noncurrent Assets    
Regulatory assets 430 411
Goodwill 607 607
Other intangibles 22 23
Other noncurrent assets 130 153
Assets, Noncurrent 1,189 1,194
Total Assets 9,364 9,272
Current Liabilities    
Short-term debt 338 0
Long-term debt due within one year 13 0
Notes Payable, Related Parties, Current 0 294
Accounts payable 104 108
Accounts payable to affiliates 52 64
Taxes 24 19
Interest 18 18
Current Customer Deposits 33 32
Regulatory liabilities 5 8
Asset Retirement Obligation, Current 19 22
Other current liabilities 47 47
Liabilities, Current, Total 653 612
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,606 2,618
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 876 865
Investment tax credits 86 87
Asset retirement obligations 73 83
Regulatory liabilities 1,037 1,045
Other deferred credits and noncurrent liabilities 31 34
Total Deferred Credits and Other Noncurrent Liabilities 2,103 2,114
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 3,017 2,957
Earnings reinvested 677 663
Total Equity 4,002 3,928
Total Liabilities and Equity $ 9,364 $ 9,272
[1] 1,560,000 shares authorized, 770,013 shares issued and 736,157 shares outstanding at June 30, 2022. 1,560,000 shares authorized, 769,890 shares issued and 735,112 shares outstanding at December 31, 2021.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at June 30, 2022 and December 31, 2021.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at June 30, 2022 and December 31, 2021.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at June 30, 2022 and December 31, 2021.