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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating Revenues    
Operating Revenues $ 2,126 $ 1,951
Operation    
Fuel 214 191
Energy purchases 241 215
Other operation and maintenance 468 470
Depreciation 269 242
Taxes, other than income 83 75
Total Operating Expenses 1,275 1,193
Operating Income 851 758
Other Income (Expense) - net (43) (9)
Interest Expense 239 217
Income Before Income Taxes 569 532
Income Taxes 117 129
Net Income $ 452 $ 403
Net Income:    
Basic (in dollars per share) $ 0.65 $ 0.59
Diluted (in dollars per share) 0.65 0.59
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.41 $ 0.395
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 694,514 680,882
Diluted (in shares) 695,322 683,084
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues $ 639 $ 573
Operation    
Energy purchases 161 146
Other operation and maintenance 133 163
Depreciation 85 75
Taxes, other than income 32 29
Total Operating Expenses 411 413
Operating Income 228 160
Other Income (Expense) - net 6 0
Interest Expense 37 33
Income Before Income Taxes 197 127
Income Taxes 49 48
Net Income [1] 148 79
LG And E And KU Energy LLC [Member]    
Operating Revenues    
Operating Revenues 872 809
Operation    
Fuel 214 191
Energy purchases 80 69
Other operation and maintenance 205 205
Depreciation 117 105
Taxes, other than income 17 16
Total Operating Expenses 633 586
Operating Income 239 223
Other Income (Expense) - net (3) (4)
Interest Expense 50 49
Interest Expense with Affiliate 5 4
Income Before Income Taxes 181 166
Income Taxes 39 63
Net Income [2] 142 103
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 407 374
Electric revenue from affiliate 12 17
Operating Revenues 419 391
Operation    
Fuel 79 80
Energy purchases 76 64
Energy purchases from affiliate 6 2
Other operation and maintenance 89 85
Depreciation 48 44
Taxes, other than income 9 8
Total Operating Expenses 307 283
Operating Income 112 108
Other Income (Expense) - net (1) (4)
Interest Expense 18 17
Income Before Income Taxes 93 87
Income Taxes 21 33
Net Income [1] 72 54
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 465 435
Electric revenue from affiliate 6 2
Operating Revenues 471 437
Operation    
Fuel 135 111
Energy purchases 4 5
Energy purchases from affiliate 12 17
Other operation and maintenance 105 108
Depreciation 68 60
Taxes, other than income 8 8
Total Operating Expenses 332 309
Operating Income 139 128
Other Income (Expense) - net (3) (2)
Interest Expense 25 24
Income Before Income Taxes 111 102
Income Taxes 24 39
Net Income [2] $ 87 $ 63
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.