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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Dec. 31, 2016
Assets    
Cash and cash equivalents $ 676 $ 341
Accounts receivable (less reserve:)    
Customer 617 666
Other 96 46
Unbilled revenues 405 480
Fuel, materials and supplies 323 356
Prepayments 101 63
Price risk management assets 57 63
Regulatory assets 34 39
Other current assets 56 52
Total Current Assets 2,331 2,067
Property, Plant and Equipment    
Regulated utility plant 36,678 34,674
Less: accumulated depreciation - regulated utility plant 6,624 6,013
Regulated utility plant, net 30,054 28,661
Non-regulated property, plant and equipment 422 413
Less: accumulated depreciation - non-regulated property, plant and equipment 154 134
Non-regulated property, plant and equipment, net 268 279
Construction work in progress 1,494 1,134
Property, Plant and Equipment, net 31,816 30,074
Other Noncurrent Assets    
Regulatory assets 1,869 1,918
Goodwill 3,134 3,060
Other intangibles 666 700
Pension benefit asset 532 9
Price risk management assets 267 336
Other noncurrent assets 143 151
Total Other Noncurrent Assets 6,611 6,174
Total Assets 40,758 38,315
Current Liabilities    
Short-term debt 1,211 923
Long-term debt due within one year 448 518
Accounts payable 838 820
Taxes 110 101
Interest 322 270
Dividends 272 259
Customer deposits 291 276
Regulatory liabilities 87 101
Other current liabilities 570 569
Total Current Liabilities 4,149 3,837
Long-term Debt    
Long-term Debt 19,110 17,808
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 4,224 3,889
Investment tax credits 130 132
Accrued pension obligations 796 1,001
Asset retirement obligations 312 428
Regulatory liabilities 873 899
Other deferred credits and noncurrent liabilities 472 422
Total Deferred Credits and Other Noncurrent Liabilities 6,807 6,771
Commitments and Contingent Liabilities
Equity    
Common stock [1] 7 7
Additional paid-in capital 10,122 9,841
Earnings reinvested 4,066 3,829
Accumulated other comprehensive loss (3,503) (3,778)
Total Equity 10,692 9,899
Total Liabilities and Equity 40,758 38,315
PPL Electric Utilities Corp [Member]    
Assets    
Cash and cash equivalents 243 13
Accounts receivable (less reserve:)    
Customer 275 272
Other 10 21
Accounts receivable from affiliates 1 0
Notes receivable from affiliate 2 0
Unbilled revenues 84 114
Fuel, materials and supplies 31 32
Prepayments 40 9
Regulatory assets 14 19
Other current assets 11 8
Total Current Assets 711 488
Property, Plant and Equipment    
Regulated utility plant 10,449 9,654
Less: accumulated depreciation - regulated utility plant 2,880 2,714
Regulated utility plant, net 7,569 6,940
Construction work in progress 699 641
Property, Plant and Equipment, net 8,268 7,581
Other Noncurrent Assets    
Regulatory assets 1,073 1,094
Other intangibles 256 251
Other noncurrent assets 15 12
Total Other Noncurrent Assets 1,344 1,357
Total Assets 10,323 9,426
Current Liabilities    
Short-term debt 0 295
Long-term debt due within one year 0 224
Accounts payable 397 367
Accounts payable to affiliates 38 42
Taxes 22 12
Interest 38 34
Regulatory liabilities 72 83
Other current liabilities 90 101
Total Current Liabilities 657 1,158
Long-term Debt    
Long-term Debt 3,298 2,607
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 2,036 1,899
Accrued pension obligations 257 281
Regulatory liabilities 0 0
Other deferred credits and noncurrent liabilities 89 90
Total Deferred Credits and Other Noncurrent Liabilities 2,382 2,270
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 2,729 2,154
Earnings reinvested 893 873
Total Equity 3,986 3,391
Total Liabilities and Equity 10,323 9,426
LG And E And KU Energy LLC [Member]    
Assets    
Cash and cash equivalents 40 13
Accounts receivable (less reserve:)    
Customer 215 235
Other 43 17
Accounts receivable from affiliates 1 0
Unbilled revenues 151 170
Fuel, materials and supplies 264 297
Prepayments 27 24
Regulatory assets 20 20
Other current assets 8 4
Total Current Assets 769 780
Property, Plant and Equipment    
Regulated utility plant 12,906 12,746
Less: accumulated depreciation - regulated utility plant 1,685 1,465
Regulated utility plant, net 11,221 11,281
Construction work in progress 574 317
Property, Plant and Equipment, net 11,795 11,598
Other Noncurrent Assets    
Regulatory assets 796 824
Goodwill 996 996
Other intangibles 88 95
Other noncurrent assets 71 78
Total Other Noncurrent Assets 1,951 1,993
Total Assets 14,515 14,371
Current Liabilities    
Short-term debt 190 185
Long-term debt due within one year 98 194
Notes payable with affiliate 159 163
Accounts payable 283 251
Accounts payable to affiliates 8 6
Taxes 52 39
Price risk management liabilities 5 4
Interest 73 32
Customer deposits 57 56
Regulatory liabilities 15 18
Asset retirement obligations 94 60
Other current liabilities 125 119
Total Current Liabilities 1,159 1,127
Long-term Debt    
Long-term debt 4,570 4,471
Long-term debt to affiliate 400 400
Long-term Debt 4,970 4,871
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,909 1,735
Investment tax credits 130 132
Accrued pension obligations 345 350
Asset retirement obligations 261 373
Regulatory liabilities 873 899
Price risk management liabilities 24 27
Other deferred credits and noncurrent liabilities 178 190
Total Deferred Credits and Other Noncurrent Liabilities 3,720 3,706
Commitments and Contingent Liabilities
Equity    
Accumulated other comprehensive loss (77) (70)
Member's Equity 4,666 4,667
Total Liabilities and Equity 14,515 14,371
Louisville Gas And Electric Co [Member]    
Assets    
Cash and cash equivalents 9 5
Accounts receivable (less reserve:)    
Customer 96 109
Other 14 11
Accounts receivable from affiliates 22 28
Unbilled revenues 64 75
Fuel, materials and supplies 137 143
Prepayments 15 12
Regulatory assets 11 9
Other current assets 2 1
Total Current Assets 370 393
Property, Plant and Equipment    
Regulated utility plant 5,447 5,357
Less: accumulated depreciation - regulated utility plant 575 498
Regulated utility plant, net 4,872 4,859
Construction work in progress 279 133
Property, Plant and Equipment, net 5,151 4,992
Other Noncurrent Assets    
Regulatory assets 413 450
Goodwill 389 389
Other intangibles 54 59
Other noncurrent assets 13 17
Total Other Noncurrent Assets 869 915
Total Assets 6,390 6,300
Current Liabilities    
Short-term debt 190 169
Long-term debt due within one year 98 194
Notes payable with affiliate 10 0
Accounts payable 166 148
Accounts payable to affiliates 17 26
Taxes 25 40
Price risk management liabilities 5 4
Interest 23 11
Customer deposits 27 27
Regulatory liabilities 5 5
Asset retirement obligations 33 41
Other current liabilities 46 36
Total Current Liabilities 645 701
Long-term Debt    
Long-term Debt 1,521 1,423
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,073 974
Investment tax credits 36 36
Accrued pension obligations 47 53
Asset retirement obligations 85 104
Regulatory liabilities 388 419
Price risk management liabilities 24 27
Other deferred credits and noncurrent liabilities 84 87
Total Deferred Credits and Other Noncurrent Liabilities 1,737 1,700
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,682 1,682
Earnings reinvested 381 370
Total Equity 2,487 2,476
Total Liabilities and Equity 6,390 6,300
Kentucky Utilities Co [Member]    
Assets    
Cash and cash equivalents 31 7
Accounts receivable (less reserve:)    
Customer 119 126
Other 28 5
Accounts receivable from affiliates 1 0
Notes receivable from affiliate 10 0
Unbilled revenues 87 95
Fuel, materials and supplies 127 154
Prepayments 14 12
Regulatory assets 9 11
Other current assets 6 3
Total Current Assets 432 413
Property, Plant and Equipment    
Regulated utility plant 7,452 7,382
Less: accumulated depreciation - regulated utility plant 1,110 965
Regulated utility plant, net 6,342 6,417
Construction work in progress 293 181
Property, Plant and Equipment, net 6,635 6,598
Other Noncurrent Assets    
Regulatory assets 383 374
Goodwill 607 607
Other intangibles 34 36
Other noncurrent assets 55 57
Total Other Noncurrent Assets 1,079 1,074
Total Assets 8,146 8,085
Current Liabilities    
Short-term debt 0 16
Accounts payable 105 78
Accounts payable to affiliates 42 56
Taxes 24 45
Interest 38 16
Customer deposits 30 29
Regulatory liabilities 10 13
Asset retirement obligations 61 19
Other current liabilities 35 36
Total Current Liabilities 345 308
Long-term Debt    
Long-term Debt 2,328 2,327
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,289 1,170
Investment tax credits 94 96
Accrued pension obligations 37 62
Asset retirement obligations 176 269
Regulatory liabilities 485 480
Other deferred credits and noncurrent liabilities 43 50
Total Deferred Credits and Other Noncurrent Liabilities 2,124 2,127
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,616 2,616
Earnings reinvested 425 400
Accumulated other comprehensive loss 0 (1)
Total Equity 3,349 3,323
Total Liabilities and Equity $ 8,146 $ 8,085
[1] 1,560,000 shares authorized; 688,133 and 679,731 shares issued and outstanding at September 30, 2017 and December 31, 2016.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at September 30, 2017 and December 31, 2016.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at September 30, 2017 and December 31, 2016.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at September 30, 2017 and December 31, 2016.