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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Operating Revenues $ 2,304 $ 2,415
Operation    
Fuel 209 201
Energy purchases 520 734
Other operation and maintenance 626 559
Depreciation 316 313
Taxes, other than income 88 110
Total Operating Expenses 1,759 1,917
Operating Income 545 498
Other Income (Expense) - net 22 30
Interest Expense 179 164
Income Taxes 81 79
Net Income (Loss) $ 307 $ 285
Net Income:    
Diluted (in dollars per share) $ 0.42 $ 0.39
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 737,512 736,829
Diluted (in shares) 738,820 737,698
Income from Continuing Operations Before Income Taxes $ 388 $ 364
Income (Loss) from Continuing Operations After Income Taxes, Basic $ 0.42 $ 0.39
Income (Loss) from Continuing Operations after income taxes, Diluted $ 0.42 $ 0.39
Rhode Island Regulated    
Operating Revenues    
Operating Revenues $ 549 $ 565
Operation    
Net Income (Loss) 64 54
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues 770 891
Operation    
Energy purchases 214 358
Other operation and maintenance 181 162
Depreciation 99 99
Taxes, other than income 36 44
Total Operating Expenses 530 663
Operating Income 240 228
Other Income (Expense) - net 9 12
Interest Expense 62 57
Income Taxes 48 45
Net Income (Loss) [1] 149 138
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 197 183
PPL Electric Utilities Corp [Member] | Related Party    
Operation    
Interest Income from affiliate 10 0
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Operating Revenues 476 474
Operation    
Fuel 86 79
Energy purchases 71 84
Energy purchases from affiliate 1 1
Other operation and maintenance 88 91
Depreciation 76 75
Taxes, other than income 13 12
Total Operating Expenses 335 342
Operating Income 141 132
Other Income (Expense) - net 2 2
Interest Expense 26 25
Income Taxes 24 23
Net Income (Loss) 93 [2] 86
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 117 109
Louisville Gas And Electric Co [Member] | Related Party    
Operating Revenues    
Retail and wholesale 16 13
Louisville Gas And Electric Co [Member] | Nonrelated Party    
Operating Revenues    
Retail and wholesale 460 461
Kentucky Utilities Co [Member]    
Operating Revenues    
Operating Revenues 525 499
Operation    
Fuel 123 122
Energy purchases 6 6
Energy purchases from affiliate 16 13
Other operation and maintenance 102 109
Depreciation 99 98
Taxes, other than income 12 10
Total Operating Expenses 358 358
Operating Income 167 141
Other Income (Expense) - net 2 2
Interest Expense 34 33
Income Taxes 27 22
Net Income (Loss) [3] 108 88
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 135 110
Kentucky Utilities Co [Member] | Related Party    
Operating Revenues    
Retail and wholesale 1 1
Kentucky Utilities Co [Member] | Nonrelated Party    
Operating Revenues    
Retail and wholesale $ 524 $ 498
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.