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Segment and Related Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment and Related Information
2. Segment and Related Information

(PPL)

PPL is organized into three segments: Kentucky Regulated, Pennsylvania Regulated and Rhode Island Regulated. PPL's segments are determined by geographic location.

The Kentucky Regulated segment includes the regulated electricity generation, transmission and distribution operations conducted by LG&E and KU, as well as LG&E's regulated distribution and sale of natural gas.

The Pennsylvania Regulated segment includes the regulated electricity transmission and distribution operations of PPL Electric.

The Rhode Island Regulated segment includes the regulated electricity transmission and distribution and natural gas distribution operations of RIE.

"Corporate and Other" primarily includes corporate level financing costs, certain unallocated costs and certain non-recoverable costs incurred in conjunction with the acquisition of Narragansett Electric. "Corporate and Other" is presented to reconcile segment information to PPL's consolidated results.

Income Statement data for the segments and reconciliation to PPL's consolidated results for the periods ended March 31 are as follows:
 Three Months
 20242023
Operating Revenues from external customers  
Kentucky Regulated$984 $960 
Pennsylvania Regulated770 891 
Rhode Island Regulated549 565 
Corporate and Other(1)
Total$2,304 $2,415 
Net Income (Loss)  
Kentucky Regulated$190 $166 
Pennsylvania Regulated149 138 
Rhode Island Regulated64 54 
Corporate and Other(96)(73)
Total$307 $285 

The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated Balance Sheets as of:
March 31,
2024
December 31,
2023
Assets  
Kentucky Regulated$17,074 $17,029 
Pennsylvania Regulated15,116 14,294 
Rhode Island Regulated6,614 6,515 
Corporate and Other (a)827 1,398 
Total $39,631 $39,236 

(a)Primarily consists of unallocated items, including cash, PP&E, goodwill and the elimination of inter-segment transactions.

(PPL Electric, LG&E and KU)
PPL Electric has two operating segments, distribution and transmission, which are aggregated into a single reportable segment. Each of LG&E and KU operate as a single operating and reportable segment.