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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating Revenues    
Operating Revenues $ 1,951 $ 2,011
Operation    
Fuel 191 197
Energy purchases 215 233
Other operation and maintenance 432 450
Depreciation 242 229
Taxes, other than income 75 79
Total Operating Expenses 1,155 1,188
Operating Income 796 823
Other Income (Expense) - net (47) 61
Interest Expense 217 224
Income Before Income Taxes 532 660
Income Taxes 129 179
Net Income $ 403 $ 481
Net Income:    
Basic (in dollars per share) $ 0.59 $ 0.71
Diluted (in dollars per share) 0.59 0.71
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.3950 $ 0.38
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 680,882 675,441
Diluted (in shares) 683,084 678,817
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues $ 573 $ 585
Operation    
Energy purchases 146 167
Other operation and maintenance 164 150
Depreciation 75 59
Taxes, other than income 29 29
Total Operating Expenses 414 405
Operating Income 159 180
Other Income (Expense) - net 1 3
Interest Expense 33 33
Income Before Income Taxes 127 150
Income Taxes 48 56
Net Income [1] 79 94
LG And E And KU Energy LLC [Member]    
Operating Revenues    
Operating Revenues 809 826
Operation    
Fuel 191 198
Energy purchases 69 66
Other operation and maintenance 207 202
Depreciation 105 99
Taxes, other than income 16 15
Total Operating Expenses 588 580
Operating Income 221 246
Other Income (Expense) - net (2) (1)
Interest Expense 49 49
Interest Expense with Affiliate 4 4
Income Before Income Taxes 166 192
Income Taxes 63 72
Net Income [2] 103 120
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 374 375
Electric revenue from affiliate 17 11
Operating Revenues 391 386
Operation    
Fuel 80 78
Energy purchases 64 62
Energy purchases from affiliate 2 2
Other operation and maintenance 87 87
Depreciation 44 41
Taxes, other than income 8 8
Total Operating Expenses 285 278
Operating Income 106 108
Other Income (Expense) - net (2) 0
Interest Expense 17 17
Income Before Income Taxes 87 91
Income Taxes 33 35
Net Income [1] 54 56
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 435 451
Electric revenue from affiliate 2 2
Operating Revenues 437 453
Operation    
Fuel 111 120
Energy purchases 5 4
Energy purchases from affiliate 17 11
Other operation and maintenance 109 106
Depreciation 60 58
Taxes, other than income 8 7
Total Operating Expenses 310 306
Operating Income 127 147
Other Income (Expense) - net (1) (2)
Interest Expense 24 24
Income Before Income Taxes 102 121
Income Taxes 39 46
Net Income [2] $ 63 $ 75
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.