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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues        
Operating Revenues $ 1,889 $ 1,878 $ 5,685 $ 5,889
Operation        
Fuel 227 228 607 695
Energy purchases 151 177 531 676
Other operation and maintenance 417 482 1,292 1,405
Depreciation 232 226 692 658
Taxes, other than income 76 79 229 241
Total Operating Expenses 1,103 1,192 3,351 3,675
Operating Income 786 686 2,334 2,214
Other Income (Expense) - net 49 75 284 61
Interest Expense 223 221 671 645
Income Before Income Taxes 612 540 1,947 1,630
Income Taxes 139 144 510 432
Income from Continuing Operations After Income Taxes 473 396 1,437 1,198
Income (Loss) from Discontinued Operations (net of income taxes) 0 (3) 0 (915)
Net Income $ 473 $ 393 $ 1,437 $ 283
Income from Continuing Operations After Income Taxes:        
Basic (in dollars per share) $ 0.70 $ 0.59 $ 2.12 $ 1.78
Diluted (in dollars per share) 0.69 0.59 2.11 1.78
Net Income:        
Basic (in dollars per share) 0.70 0.58 2.12 0.42
Diluted (in dollars per share) 0.69 0.58 2.11 0.42
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.38 $ 0.3775 $ 1.14 $ 1.1225
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 678,114 670,763 676,905 668,731
Diluted (in shares) 680,348 673,702 679,969 671,254
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 539 $ 519 $ 1,619 $ 1,625
Operation        
Energy purchases 129 154 414 519
Energy purchases from affiliate 0 0 0 14
Other operation and maintenance 144 162 431 435
Depreciation 64 55 185 158
Taxes, other than income 26 27 79 87
Total Operating Expenses 363 398 1,109 1,213
Operating Income 176 121 510 412
Other Income (Expense) - net 4 1 12 5
Interest Expense 32 32 97 96
Income Before Income Taxes 148 90 425 321
Income Taxes 58 35 162 130
Net Income [1] 90 55 263 191
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 835 801 2,382 2,414
Operation        
Fuel 227 228 607 695
Energy purchases 24 23 118 143
Other operation and maintenance 197 202 603 625
Depreciation 102 97 301 286
Taxes, other than income 16 14 46 43
Total Operating Expenses 566 564 1,675 1,792
Operating Income 269 237 707 622
Other Income (Expense) - net (3) (1) (9) (3)
Interest Expense 50 43 147 127
Interest Expense with Affiliate 4 0 12 1
Income Before Income Taxes 212 193 539 491
Income Taxes 79 73 202 194
Net Income 133 120 337 297
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 366 349 1,058 1,089
Electric revenue from affiliate 2 2 19 32
Operating Revenues 368 351 1,077 1,121
Operation        
Fuel 86 82 233 267
Energy purchases 19 18 104 129
Energy purchases from affiliate 5 9 10 17
Other operation and maintenance 85 87 264 286
Depreciation 43 40 126 122
Taxes, other than income 9 7 24 21
Total Operating Expenses 247 243 761 842
Operating Income 121 108 316 279
Other Income (Expense) - net (1) (1) (6) (3)
Interest Expense 18 13 53 39
Income Before Income Taxes 102 94 257 237
Income Taxes 39 36 98 91
Net Income [1] 63 58 159 146
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 469 452 1,324 1,325
Electric revenue from affiliate 5 9 10 17
Operating Revenues 474 461 1,334 1,342
Operation        
Fuel 141 146 374 428
Energy purchases 5 5 14 14
Energy purchases from affiliate 2 2 19 32
Other operation and maintenance 107 108 320 321
Depreciation 59 57 175 164
Taxes, other than income 7 7 22 22
Total Operating Expenses 321 325 924 981
Operating Income 153 136 410 361
Other Income (Expense) - net (3) 0 (4) 1
Interest Expense 24 20 71 58
Income Before Income Taxes 126 116 335 304
Income Taxes 48 44 128 115
Net Income [2] $ 78 $ 72 $ 207 $ 189
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.