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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating Revenues        
Operating Revenues $ 1,785 $ 1,781 $ 3,796 $ 4,011
Operation        
Fuel 183 214 380 467
Energy purchases 147 170 380 499
Other operation and maintenance 425 467 875 923
Depreciation 231 216 460 432
Taxes, other than income 74 76 153 162
Total Operating Expenses 1,060 1,143 2,248 2,483
Operating Income 725 638 1,548 1,528
Other Income (Expense) - net 174 (102) 235 (14)
Interest Expense 224 215 448 424
Income Before Income Taxes 675 321 1,335 1,090
Income Taxes 192 71 371 288
Income from Continuing Operations After Income Taxes 483 250 964 802
Income (Loss) from Discontinued Operations (net of income taxes) 0 (1,007) 0 (912)
Net Income (Loss) $ 483 $ (757) $ 964 $ (110)
Income from Continuing Operations After Income Taxes:        
Basic (in dollars per share) $ 0.71 $ 0.37 $ 1.42 $ 1.20
Diluted (in dollars per share) 0.71 0.37 1.41 1.19
Net Income (Loss):        
Basic (in dollars per share) 0.71 (1.13) 1.42 (0.17)
Diluted (in dollars per share) 0.71 (1.13) 1.41 (0.17)
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.38 $ 0.3725 $ 0.76 $ 0.7450
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 677,145 668,415 676,293 667,698
Diluted (in shares) 680,729 671,286 679,773 670,013
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 495 $ 476 $ 1,080 $ 1,106
Operation        
Energy purchases 118 138 285 365
Energy purchases from affiliate 0 5 0 14
Other operation and maintenance 137 140 287 273
Depreciation 62 52 121 103
Taxes, other than income 24 25 53 60
Total Operating Expenses 341 360 746 815
Operating Income 154 116 334 291
Other Income (Expense) - net 5 2 8 4
Interest Expense 32 33 65 64
Income Before Income Taxes 127 85 277 231
Income Taxes 48 36 104 95
Net Income (Loss) [1] 79 49 173 136
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 721 714 1,547 1,613
Operation        
Fuel 182 214 380 467
Energy purchases 28 28 94 120
Other operation and maintenance 204 214 406 423
Depreciation 100 94 199 189
Taxes, other than income 15 15 30 29
Total Operating Expenses 529 565 1,109 1,228
Operating Income 192 149 438 385
Other Income (Expense) - net (5) (1) (6) (2)
Interest Expense 48 42 97 84
Interest Expense with Affiliate 4 1 8 1
Income Before Income Taxes 135 105 327 298
Income Taxes 51 45 123 121
Net Income (Loss) [1] 84 60 204 177
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 317 323 692 740
Electric revenue from affiliate 6 8 17 30
Operating Revenues 323 331 709 770
Operation        
Fuel 69 82 147 185
Energy purchases 23 23 85 111
Energy purchases from affiliate 3 5 5 8
Other operation and maintenance 92 103 179 199
Depreciation 42 40 83 82
Taxes, other than income 7 7 15 14
Total Operating Expenses 236 260 514 599
Operating Income 87 71 195 171
Other Income (Expense) - net (5) (1) (5) (2)
Interest Expense 18 13 35 26
Income Before Income Taxes 64 57 155 143
Income Taxes 24 22 59 55
Net Income (Loss) [1] 40 35 96 88
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 404 391 855 873
Electric revenue from affiliate 3 5 5 8
Operating Revenues 407 396 860 881
Operation        
Fuel 113 132 233 282
Energy purchases 5 5 9 9
Energy purchases from affiliate 6 8 17 30
Other operation and maintenance 107 109 213 213
Depreciation 58 54 116 107
Taxes, other than income 8 8 15 15
Total Operating Expenses 297 316 603 656
Operating Income 110 80 257 225
Other Income (Expense) - net 1 2 (1) 1
Interest Expense 23 19 47 38
Income Before Income Taxes 88 63 209 188
Income Taxes 34 24 80 71
Net Income (Loss) [2] $ 54 $ 39 $ 129 $ 117
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.