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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Revenues    
Operating Revenues $ 2,011 $ 2,230
Operation    
Fuel 197 253
Energy purchases 233 329
Other operation and maintenance 450 456
Depreciation 229 216
Taxes, other than income 79 86
Total Operating Expenses 1,188 1,340
Operating Income 823 890
Other Income (Expense) - net 61 88
Interest Expense 224 209
Income Before Income Taxes 660 769
Income Taxes 179 217
Income from Continuing Operations After Income Taxes 481 552
Income (Loss) from Discontinued Operations (net of income taxes) 0 95
Net Income $ 481 $ 647
Income from Continuing Operations After Income Taxes:    
Basic (in dollars per share) $ 0.71 $ 0.83
Diluted (in dollars per share) 0.71 0.82
Net Income:    
Basic (in dollars per share) 0.71 0.97
Diluted (in dollars per share) 0.71 0.96
Dividends Declared Per Share of Common Stock $ 0.38 $ 0.3725
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic 675,441 666,974
Diluted 678,817 668,732
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues $ 585 $ 630
Operation    
Energy purchases 167 227
Energy purchases from affiliates 0 9
Other operation and maintenance 150 133
Depreciation 59 51
Taxes, other than income 29 35
Total Operating Expenses 405 455
Operating Income 180 175
Other Income (Expense) - net 3 2
Interest Expense 33 31
Income Before Income Taxes 150 146
Income Taxes 56 59
Net Income [1] 94 87
LG And E And KU Energy LLC [Member]    
Operating Revenues    
Operating Revenues 826 899
Operation    
Fuel 198 253
Energy purchases 66 92
Other operation and maintenance 202 209
Depreciation 99 95
Taxes, other than income 15 14
Total Operating Expenses 580 663
Operating Income 246 236
Other Income (Expense) - net (1) (1)
Interest Expense 49 42
Interest Expense with Affiliates 4 0
Income Before Income Taxes 192 193
Income Taxes 72 76
Net Income [2] 120 117
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 375 417
Electric revenue from affiliates 11 22
Operating Revenues 386 439
Operation    
Fuel 78 103
Energy purchases 62 88
Energy purchases from affiliates 2 3
Other operation and maintenance 87 96
Depreciation 41 42
Taxes, other than income 8 7
Total Operating Expenses 278 339
Operating Income 108 100
Other Income (Expense) - net 0 (1)
Interest Expense 17 13
Income Before Income Taxes 91 86
Income Taxes 35 33
Net Income [1] 56 53
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 451 482
Electric revenue from affiliates 2 3
Operating Revenues 453 485
Operation    
Fuel 120 150
Energy purchases 4 4
Energy purchases from affiliates 11 22
Other operation and maintenance 106 104
Depreciation 58 53
Taxes, other than income 7 7
Total Operating Expenses 306 340
Operating Income 147 145
Other Income (Expense) - net (2) (1)
Interest Expense 24 19
Income Before Income Taxes 121 125
Income Taxes 46 47
Net Income [2] $ 75 $ 78
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.