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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and cash equivalents $ 303 $ 3,571
Accounts receivable (less reserve:)    
Customer 816 583
Other 110 58
Unbilled revenues 313 307
Fuel, materials and supplies 422 322
Prepayments 91 60
Regulatory Assets, Current 234 64
Other current assets 106 42
Current assets held for sale 325 0
Total Current Assets 2,720 5,007
Property, Plant and Equipment    
Regulated utility plant 36,408 30,477
Less:  accumulated depreciation - regulated utility plant 8,179 6,488
Regulated utility plant, net 28,229 23,989
Non-regulated property, plant and equipment 93 266
Less:  accumulated depreciation - non-regulated property, plant and equipment 45 41
Non-regulated property, plant and equipment, net 48 225
Construction work in progress 1,617 1,256
Property, Plant and Equipment, net 29,894 25,470
Other Noncurrent Assets    
Regulatory assets 1,715 1,236
Goodwill 2,241 716
Other intangibles 315 343
Other noncurrent assets 493 451
Assets, Noncurrent 4,764 2,746
Total Assets 37,378 33,223
Current Liabilities    
Short-term debt 510 69
Long-term debt due within one year 264 474
Accounts payable 968 679
Taxes 126 96
Interest 155 81
Dividends 166 305
Regulatory liabilities 329 182
Other current liabilities 592 437
Current liabilities held for sale 205 0
Liabilities, Current, Total 3,315 2,323
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 12,977 10,666
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 2,977 3,151
Investment tax credits 117 119
Accrued pension obligations 212 183
Asset retirement obligations 144 157
Regulatory liabilities 3,381 2,422
Other deferred credits and noncurrent liabilities 371 479
Total Deferred Credits and Other Noncurrent Liabilities 7,202 6,511
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,317 12,303
Treasury Stock (972) (1,003)
Earnings reinvested 2,658 2,572
Accumulated other comprehensive loss (130) (157)
Total Shareowners' Common Equity 13,881 13,723
Noncontrolling interests 3 0
Total Equity 13,884 13,723
Total Liabilities and Equity 37,378 33,223
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 22 21
Accounts receivable (less reserve:)    
Customer 353 305
Other 21 22
Accounts receivable from affiliates 13 11
Notes receivable from affiliate 0 499
Notes receivable from affiliate 0 499
Unbilled revenues 119 129
Fuel, materials and supplies 78 61
Prepayments 33 13
Regulatory Assets, Current 13 22
Other current assets 25 21
Total Current Assets 677 1,104
Property, Plant and Equipment    
Regulated utility plant 14,594 14,082
Less:  accumulated depreciation - regulated utility plant 3,508 3,386
Regulated utility plant, net 11,086 10,696
Construction work in progress 595 581
Property, Plant and Equipment, net 11,681 11,277
Other Noncurrent Assets    
Regulatory assets 471 488
Other intangibles 268 270
Pension benefit asset 71 50
Other noncurrent assets 129 113
Assets, Noncurrent 939 921
Total Assets 13,297 13,302
Current Liabilities    
Long-term debt due within one year 250 474
Accounts payable 404 367
Accounts payable to affiliates 25 56
Taxes 5 31
Interest 45 35
Regulatory liabilities 87 153
Other current liabilities 88 108
Liabilities, Current, Total 904 1,224
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 4,235 4,010
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,479 1,668
Regulatory liabilities 823 559
Other deferred credits and noncurrent liabilities 86 105
Total Deferred Credits and Other Noncurrent Liabilities 2,388 2,332
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,124 4,254
Earnings reinvested 1,282 1,118
Total Equity 5,770 5,736
Total Liabilities and Equity 13,297 13,302
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 25 9
Accounts receivable (less reserve:)    
Customer 120 130
Other 18 25
Accounts receivable from affiliates 27 31
Unbilled revenues 69 80
Fuel, materials and supplies 159 137
Prepayments 15 14
Regulatory Assets, Current 49 33
Other current assets 0 2
Total Current Assets 482 461
Property, Plant and Equipment    
Regulated utility plant 7,331 7,192
Less:  accumulated depreciation - regulated utility plant 1,307 1,172
Regulated utility plant, net 6,024 6,020
Construction work in progress 283 242
Property, Plant and Equipment, net 6,307 6,262
Other Noncurrent Assets    
Regulatory assets 365 337
Goodwill 389 389
Other intangibles 25 30
Other noncurrent assets 74 113
Assets, Noncurrent 853 869
Total Assets 7,642 7,592
Current Liabilities    
Short-term debt 110 69
Notes Payable, Related Parties, Current 14 324
Accounts payable 147 163
Accounts payable to affiliates 50 31
Taxes 38 34
Price risk management liabilities current 1 1
Interest 32 15
Current Customer Deposits 32 32
Regulatory liabilities 4 21
Asset Retirement Obligation, Current 11 10
Other current liabilities 37 37
Liabilities, Current, Total 476 737
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,307 2,006
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 771 751
Investment tax credits 31 32
Asset retirement obligations 75 74
Regulatory liabilities 814 818
Price risk management liabilities 6 17
Other deferred credits and noncurrent liabilities 73 78
Total Deferred Credits and Other Noncurrent Liabilities 1,770 1,770
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 2,007 1,997
Earnings reinvested 658 658
Total Equity 3,089 3,079
Total Liabilities and Equity 7,642 7,592
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 25 13
Accounts receivable (less reserve:)    
Customer 155 144
Other 15 12
Unbilled revenues 87 91
Fuel, materials and supplies 142 124
Prepayments 16 15
Regulatory Assets, Current 33 9
Other current assets 0 2
Total Current Assets 473 410
Property, Plant and Equipment    
Regulated utility plant 9,402 9,219
Less:  accumulated depreciation - regulated utility plant 2,128 1,929
Regulated utility plant, net 7,274 7,290
Construction work in progress 491 378
Property, Plant and Equipment, net 7,765 7,668
Other Noncurrent Assets    
Regulatory assets 440 411
Goodwill 607 607
Other intangibles 21 23
Other noncurrent assets 118 153
Assets, Noncurrent 1,186 1,194
Total Assets 9,424 9,272
Current Liabilities    
Long-term debt due within one year 13 0
Notes Payable, Related Parties, Current 22 294
Accounts payable 92 108
Accounts payable to affiliates 87 64
Taxes 34 19
Interest 44 18
Current Customer Deposits 33 32
Regulatory liabilities 6 8
Asset Retirement Obligation, Current 24 22
Other current liabilities 48 47
Liabilities, Current, Total 403 612
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,906 2,618
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 886 865
Investment tax credits 85 87
Asset retirement obligations 60 83
Regulatory liabilities 1,035 1,045
Other deferred credits and noncurrent liabilities 27 34
Total Deferred Credits and Other Noncurrent Liabilities 2,093 2,114
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 3,017 2,957
Earnings reinvested 697 663
Total Equity 4,022 3,928
Total Liabilities and Equity $ 9,424 $ 9,272
[1] 1,560,000 shares authorized, 770,013 shares issued and 736,311 shares outstanding at September 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 September 30, 2022 and December 31, 2021.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at September 30, 2022 and December 31, 2021.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at September 30, 2022 and December 31, 2021.