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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Revenues      
Operating Revenues $ 7,669 $ 7,852 $ 7,263
Operation      
Fuel 863 965 895
Energy purchases 855 924 856
Other operation and maintenance 1,938 1,856 1,810
Depreciation 883 923 843
Taxes, other than income 299 317 298
Total Operating Expenses 4,838 4,985 4,702
Operating Income 2,831 2,867 2,561
Other Income (Expense) - net 108 105 (55)
Interest Expense 871 843 778
Income Before Income Taxes 2,068 2,129 1,728
Income Taxes 465 692 360
Income from Continuing Operations After Income Taxes 1,603 1,437 1,368
Income (Loss) from Discontinued Operations (net of income taxes) (921) 300 (238)
Net Income $ 682 $ 1,737 $ 1,130
Income from Continuing Operations After Income Taxes Available to PPL Common Shareowners:      
Basic (in dollars per share) $ 2.38 $ 2.19 $ 2.24
Diluted (in dollars per share) 2.37 2.16 2.12
Net Income Available to PPL Common Shareowners:      
Basic (in dollars per share) 1.01 2.64 1.85
Diluted (in dollars per share) 1.01 2.61 1.76
Dividends Declared Per Share of Common Stock $ 1.5 $ 1.49 $ 1.47
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 669,814 653,504 608,983
Diluted 672,586 665,973 663,073
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 2,124 $ 2,044 $ 1,870
Operation      
Energy purchases 657 587 588
Energy purchases from affiliates 14 84 51
Other operation and maintenance 607 543 531
Depreciation 214 185 178
Taxes, other than income 94 107 103
Total Operating Expenses 1,586 1,506 1,451
Operating Income 538 538 419
Other Income (Expense) - net 8 7 6
Interest Expense 130 122 108
Income Before Income Taxes 416 423 317
Income Taxes 164 160 108
Net Income [1] 252 263 209
LG And E And KU Energy LLC [Member]      
Operating Revenues      
Operating Revenues 3,115 3,168 2,976
Operation      
Fuel 863 965 896
Energy purchases 184 253 217
Other operation and maintenance 837 815 778
Depreciation 382 354 334
Taxes, other than income 57 52 48
Total Operating Expenses 2,323 2,439 2,273
Operating Income 792 729 703
Other Income (Expense) - net (8) (9) (7)
Interest Expense 178 167 144
Interest Expense with Affiliates 3 0 1
Income Before Income Taxes 603 553 551
Income Taxes 239 209 206
Income from Continuing Operations After Income Taxes 364 344 345
Income (Loss) from Discontinued Operations (net of income taxes) 0 0 2
Net Income 364 344 347
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,407 1,445 1,351
Electric revenue from affiliates 37 88 59
Operating Revenues 1,444 1,533 1,410
Operation      
Fuel 329 404 367
Energy purchases 166 230 195
Energy purchases from affiliates 20 14 10
Other operation and maintenance 377 379 373
Depreciation 162 157 148
Taxes, other than income 28 25 24
Total Operating Expenses 1,082 1,209 1,117
Operating Income 362 324 293
Other Income (Expense) - net (6) (3) (2)
Interest Expense 57 49 34
Income Before Income Taxes 299 272 257
Income Taxes 114 103 94
Net Income [2] 185 169 163
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 1,708 1,723 1,625
Electric revenue from affiliates 20 14 10
Operating Revenues 1,728 1,737 1,635
Operation      
Fuel 534 561 529
Energy purchases 18 23 22
Energy purchases from affiliates 37 88 59
Other operation and maintenance 435 408 382
Depreciation 220 197 186
Taxes, other than income 29 27 24
Total Operating Expenses 1,273 1,304 1,202
Operating Income 455 433 433
Other Income (Expense) - net 1 (1) (3)
Interest Expense 82 77 70
Income Before Income Taxes 374 355 360
Income Taxes 140 135 132
Net Income [1] $ 234 $ 220 $ 228
[1] Net income approximates comprehensive income.
[2] Net income equals comprehensive income.