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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 485 $ 341
Accounts receivable (less reserve:)    
Customer 681 666
Other 100 46
Unbilled revenues 543 480
Fuel, materials and supplies 320 356
Prepayments 66 63
Price risk management assets 49 63
Regulatory assets 34 39
Other current assets 50 52
Total Current Assets 2,294 2,067
Property, Plant and Equipment    
Regulated utility plant 38,228 34,674
Less: accumulated depreciation - regulated utility plant 6,785 6,013
Regulated utility plant, net 31,443 28,661
Non-regulated property, plant and equipment 384 413
Less: accumulated depreciation - non-regulated property, plant and equipment 110 134
Non-regulated property, plant and equipment, net 274 279
Construction work in progress 1,375 1,134
Property, Plant and Equipment, net 33,092 30,074
Other Noncurrent Assets    
Regulatory assets 1,504 1,918
Goodwill 3,258 3,060
Other intangibles 697 700
Pension benefit asset 284 9
Price risk management assets 215 336
Other noncurrent assets 135 151
Total Other Noncurrent Assets 6,093 6,174
Total Assets 41,479 38,315
Current Liabilities    
Short-term debt 1,080 923
Long-term debt due within one year 348 518
Accounts payable 924 820
Taxes 105 101
Interest 282 270
Dividends 273 259
Customer deposits 292 276
Regulatory liabilities 95 101
Other current liabilities 624 569
Total Current Liabilities 4,023 3,837
Long-term Debt [Abstract]    
Long-term Debt 19,847 17,808
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 2,462 3,889
Investment tax credits 129 132
Accrued pension obligations 800 1,001
Asset retirement obligations 312 428
Regulatory liabilities 2,704 899
Other deferred credits and noncurrent liabilities 441 422
Total Deferred Credits and Other Noncurrent Liabilities 6,848 6,771
Commitments and Contingent Liabilities
Equity    
Common stock [1] 7 7
Additional paid-in capital 10,305 9,841
Earnings reinvested 3,871 3,829
Accumulated other comprehensive loss (3,422) (3,778)
Total Equity 10,761 9,899
Total Liabilities and Equity 41,479 38,315
PPL Electric Utilities Corp [Member]    
Current Assets    
Cash and cash equivalents 49 13
Accounts receivable (less reserve:)    
Customer 279 272
Other 71 21
Unbilled revenues 127 114
Fuel, materials and supplies 34 32
Prepayments 6 9
Regulatory assets 16 19
Other current assets 6 8
Total Current Assets 588 488
Property, Plant and Equipment    
Regulated utility plant 10,785 9,654
Less: accumulated depreciation - regulated utility plant 2,778 2,714
Regulated utility plant, net 8,007 6,940
Construction work in progress 508 641
Property, Plant and Equipment, net 8,515 7,581
Other Noncurrent Assets    
Regulatory assets 709 1,094
Other intangibles 259 251
Other noncurrent assets 11 12
Total Other Noncurrent Assets 979 1,357
Total Assets 10,082 9,426
Current Liabilities    
Short-term debt 0 295
Long-term debt due within one year 0 224
Accounts payable 386 367
Accounts payable to affiliates 31 42
Taxes 8 12
Interest 36 34
Regulatory liabilities 86 83
Other current liabilities 98 101
Total Current Liabilities 645 1,158
Long-term Debt [Abstract]    
Long-term Debt 3,298 2,607
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,154 1,899
Accrued pension obligations 246 281
Regulatory liabilities 668 0
Other deferred credits and noncurrent liabilities 79 90
Total Deferred Credits and Other Noncurrent Liabilities 2,147 2,270
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 2,729 2,154
Earnings reinvested 899 873
Total Equity 3,992 3,391
Total Liabilities and Equity 10,082 9,426
LG And E And KU Energy LLC [Member]    
Current Assets    
Cash and cash equivalents 30 13
Accounts receivable (less reserve:)    
Customer 246 235
Other 44 17
Unbilled revenues 203 170
Fuel, materials and supplies 254 297
Prepayments 25 24
Regulatory assets 18 20
Other current assets 8 4
Total Current Assets 828 780
Property, Plant and Equipment    
Regulated utility plant 13,187 12,746
Less: accumulated depreciation - regulated utility plant 1,785 1,465
Regulated utility plant, net 11,402 11,281
Construction work in progress 627 317
Property, Plant and Equipment, net 12,029 11,598
Other Noncurrent Assets    
Regulatory assets 795 824
Goodwill 996 996
Other intangibles 86 95
Other noncurrent assets 68 78
Total Other Noncurrent Assets 1,945 1,993
Total Assets 14,802 14,371
Current Liabilities    
Short-term debt 244 185
Long-term debt due within one year 98 194
Notes payable with affiliates 225 163
Accounts payable 338 251
Accounts payable to affiliates 7 6
Taxes 66 39
Interest 32 32
Asset Retirement Obligations 85 60
Price risk management liabilities 4 4
Customer deposits 58 56
Regulatory liabilities 9 18
Other current liabilities 161 119
Total Current Liabilities 1,327 1,127
Long-term Debt [Abstract]    
Long-term debt 4,661 4,471
Long-term debt to affiliate 400 400
Long-term Debt 5,061 4,871
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 866 1,735
Investment tax credits 129 132
Price risk management liabilities 22 27
Accrued pension obligations 365 350
Asset retirement obligations 271 373
Regulatory liabilities 2,036 899
Other deferred credits and noncurrent liabilities 162 190
Total Deferred Credits and Other Noncurrent Liabilities 3,851 3,706
Commitments and Contingent Liabilities
Equity    
Accumulated other comprehensive loss (88) (70)
Member's Equity 4,563 4,667
Total Liabilities and Equity 14,802 14,371
Louisville Gas And Electric Co [Member]    
Current Assets    
Cash and cash equivalents 15 5
Accounts receivable (less reserve:)    
Customer 116 109
Other 13 11
Accounts receivable from affiliates 24 28
Unbilled revenues 91 75
Fuel, materials and supplies 131 143
Prepayments 11 12
Regulatory assets 12 9
Other current assets 3 1
Total Current Assets 416 393
Property, Plant and Equipment    
Regulated utility plant 5,587 5,357
Less: accumulated depreciation - regulated utility plant 614 498
Regulated utility plant, net 4,973 4,859
Construction work in progress 305 133
Property, Plant and Equipment, net 5,278 4,992
Other Noncurrent Assets    
Regulatory assets 411 450
Goodwill 389 389
Other intangibles 53 59
Other noncurrent assets 12 17
Total Other Noncurrent Assets 865 915
Total Assets 6,559 6,300
Current Liabilities    
Short-term debt 199 169
Long-term debt due within one year 98 194
Accounts payable 179 148
Accounts payable to affiliates 23 26
Taxes 25 40
Interest 11 11
Asset Retirement Obligations 24 41
Price risk management liabilities 4 4
Customer deposits 27 27
Regulatory liabilities 3 5
Other current liabilities 52 36
Total Current Liabilities 645 701
Long-term Debt [Abstract]    
Long-term Debt 1,611 1,423
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 572 974
Investment tax credits 35 36
Price risk management liabilities 22 27
Accrued pension obligations 45 53
Asset retirement obligations 97 104
Regulatory liabilities 919 419
Other deferred credits and noncurrent liabilities 86 87
Total Deferred Credits and Other Noncurrent Liabilities 1,776 1,700
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,712 1,682
Earnings reinvested 391 370
Total Equity 2,527 2,476
Total Liabilities and Equity 6,559 6,300
Kentucky Utilities Co [Member]    
Current Assets    
Cash and cash equivalents 15 7
Accounts receivable (less reserve:)    
Customer 130 126
Other 30 5
Unbilled revenues 112 95
Fuel, materials and supplies 123 154
Prepayments 14 12
Regulatory assets 6 11
Other current assets 5 3
Total Current Assets 435 413
Property, Plant and Equipment    
Regulated utility plant 7,592 7,382
Less: accumulated depreciation - regulated utility plant 1,170 965
Regulated utility plant, net 6,422 6,417
Construction work in progress 321 181
Property, Plant and Equipment, net 6,743 6,598
Other Noncurrent Assets    
Regulatory assets 384 374
Goodwill 607 607
Other intangibles 33 36
Other noncurrent assets 52 57
Total Other Noncurrent Assets 1,076 1,074
Total Assets 8,254 8,085
Current Liabilities    
Short-term debt 45 16
Long-term debt due within one year 0 0
Accounts payable 137 78
Accounts payable to affiliates 53 56
Taxes 19 45
Interest 16 16
Asset Retirement Obligations 61 19
Customer deposits 31 29
Regulatory liabilities 6 13
Other current liabilities 46 36
Total Current Liabilities 414 308
Long-term Debt [Abstract]    
Long-term Debt 2,328 2,327
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 691 1,170
Investment tax credits 94 96
Accrued pension obligations 36 62
Asset retirement obligations 174 269
Regulatory liabilities 1,117 480
Other deferred credits and noncurrent liabilities 43 50
Total Deferred Credits and Other Noncurrent Liabilities 2,155 2,127
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,616 2,616
Earnings reinvested 433 400
Accumulated other comprehensive loss 0 (1)
Total Equity 3,357 3,323
Total Liabilities and Equity $ 8,254 $ 8,085
[1] 1,560,000 shares authorized; 693,398 and 679,731 shares issued and outstanding at December 31, 2017 and December 31, 2016.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at December 31, 2017 and December 31, 2016
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at December 31, 2017 and December 31, 2016.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at December 31, 2017 and December 31, 2016.