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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Revenues      
Operating Revenues $ 7,517 $ 7,669 $ 7,852
Operation      
Fuel 791 863 965
Energy purchases 706 855 924
Other operation and maintenance 1,745 1,938 1,856
Depreciation 926 883 923
Taxes, other than income 301 299 317
Total Operating Expenses 4,469 4,838 4,985
Operating Income 3,048 2,831 2,867
Other Income (Expense) - net 390 108 105
Interest Expense 888 871 843
Income Before Income Taxes 2,550 2,068 2,129
Income Taxes 648 465 692
Income from continuing operations (net of income taxes) 1,902 1,603 1,437
Income (Loss) from Discontinued Operations (net of income taxes) 0 (921) 300
Net income $ 1,902 $ 682 $ 1,737
Income from Continuing Operations After Income Taxes Available to PPL Common Shareholders      
Basic (in dollars per share) $ 2.80 $ 2.38 $ 2.19
Diluted (in dollars per share) 2.79 2.37 2.16
Net Income Available to PPL Common Shareowners      
Basic (in dollars per share) 2.80 1.01 2.64
Diluted (in dollars per share) 2.79 1.01 2.61
Dividends Declared Per Share of Common Stock $ 1.52 $ 1.50 $ 1.49
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 677,592 669,814 653,504
Diluted 680,446 672,586 665,973
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 2,156 $ 2,124 $ 2,044
Operation      
Energy purchases 535 657 587
Energy purchases from affiliate 0 14 84
Other operation and maintenance 599 607 543
Depreciation 253 214 185
Taxes, other than income 105 94 107
Total Operating Expenses 1,492 1,586 1,506
Operating Income 664 538 538
Other Income (Expense) - net 17 8 7
Interest Expense 129 130 122
Income Before Income Taxes 552 416 423
Income Taxes 212 164 160
Net income [1] 340 252 263
LG And E And KU Energy LLC [Member]      
Operating Revenues      
Operating Revenues 3,141 3,115 3,168
Operation      
Fuel 791 863 965
Energy purchases 171 184 253
Other operation and maintenance 804 837 815
Depreciation 404 382 354
Taxes, other than income 62 57 52
Total Operating Expenses 2,232 2,323 2,439
Operating Income 909 792 729
Other Income (Expense) - net (9) (8) (9)
Interest Expense 197 178 167
Interest Expense with Affiliates 17 3 0
Income Before Income Taxes 686 603 553
Income Taxes 257 239 209
Net income 429 364 344
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,406 1,407 1,445
Electric revenue from affiliates 24 37 88
Operating Revenues 1,430 1,444 1,533
Operation      
Fuel 301 329 404
Energy purchases 153 166 230
Energy purchases from affiliate 14 20 14
Other operation and maintenance 355 377 379
Depreciation 170 162 157
Taxes, other than income 32 28 25
Total Operating Expenses 1,025 1,082 1,209
Operating Income 405 362 324
Other Income (Expense) - net (5) (6) (3)
Interest Expense 71 57 49
Income Before Income Taxes 329 299 272
Income Taxes 126 114 103
Net income [2] 203 185 169
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 1,735 1,708 1,723
Electric revenue from affiliates 14 20 14
Operating Revenues 1,749 1,728 1,737
Operation      
Fuel 490 534 561
Energy purchases 18 18 23
Energy purchases from affiliate 24 37 88
Other operation and maintenance 424 435 408
Depreciation 234 220 197
Taxes, other than income 30 29 27
Total Operating Expenses 1,220 1,273 1,304
Operating Income 529 455 433
Other Income (Expense) - net (5) 1 (1)
Interest Expense 96 82 77
Income Before Income Taxes 428 374 355
Income Taxes 163 140 135
Net income [3] $ 265 $ 234 $ 220
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income approximates comprehensive income.