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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Revenues        
Operating Revenues $ 1,872 $ 1,845 $ 5,846 $ 5,521
Operation        
Fuel 206 202 609 576
Energy purchases 149 143 538 494
Other operation and maintenance 479 438 1,453 1,340
Depreciation 275 257 817 745
Taxes, other than income 77 69 234 214
Total Operating Expenses 1,186 1,109 3,651 3,369
Operating Income 686 736 2,195 2,152
Other Income (Expense) - net 106 (35) 297 (112)
Interest Expense 244 230 718 669
Income Before Income Taxes 548 471 1,774 1,371
Income Taxes 103 116 362 321
Net Income $ 445 $ 355 $ 1,412 $ 1,050
Net Income:        
Basic (in dollars per share) $ 0.63 $ 0.52 $ 2.02 $ 1.53
Diluted (in dollars per share) 0.62 0.51 2.01 1.53
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.41 $ 0.395 $ 1.23 $ 1.185
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 703,730 686,563 699,117 683,783
Diluted (in shares) 710,517 688,746 702,305 686,081
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 548 $ 547 $ 1,704 $ 1,620
Operation        
Energy purchases 127 121 403 374
Other operation and maintenance 127 133 419 435
Depreciation 89 77 262 228
Taxes, other than income 27 27 81 79
Total Operating Expenses 370 358 1,165 1,116
Operating Income 178 189 539 504
Other Income (Expense) - net 5 4 18 8
Interest Income from Affiliate 4 2 5 3
Interest Expense 41 36 117 105
Income Before Income Taxes 146 159 445 410
Income Taxes 35 64 111 159
Net Income [1] 111 95 334 251
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 802 818 2,417 2,350
Operation        
Fuel 206 202 609 576
Energy purchases 22 22 135 120
Other operation and maintenance 216 197 632 594
Depreciation 119 114 354 324
Taxes, other than income 18 17 53 49
Total Operating Expenses 581 552 1,783 1,663
Operating Income 221 266 634 687
Other Income (Expense) - net 0 (1) (2) (9)
Interest Expense 52 49 154 148
Interest Expense with Affiliate 7 5 18 13
Income Before Income Taxes 162 211 460 517
Income Taxes 32 79 102 195
Net Income 130 132 358 322
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 357 361 1,095 1,055
Electric revenue from affiliate 5 2 21 23
Operating Revenues 362 363 1,116 1,078
Operation        
Fuel 83 76 234 225
Energy purchases 17 18 121 107
Energy purchases from affiliate 2 3 10 8
Other operation and maintenance 95 87 277 258
Depreciation 49 47 146 136
Taxes, other than income 9 8 27 25
Total Operating Expenses 255 239 815 759
Operating Income 107 124 301 319
Other Income (Expense) - net (3) (3) (5) (6)
Interest Expense 20 17 57 53
Income Before Income Taxes 84 104 239 260
Income Taxes 18 39 51 99
Net Income [1] 66 65 188 161
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 445 457 1,322 1,295
Electric revenue from affiliate 2 3 10 8
Operating Revenues 447 460 1,332 1,303
Operation        
Fuel 123 126 375 351
Energy purchases 5 4 14 13
Energy purchases from affiliate 5 2 21 23
Other operation and maintenance 114 104 331 312
Depreciation 70 67 208 188
Taxes, other than income 9 9 26 24
Total Operating Expenses 326 312 975 911
Operating Income 121 148 357 392
Other Income (Expense) - net 1 0 1 (4)
Interest Expense 24 24 74 72
Income Before Income Taxes 98 124 284 316
Income Taxes 21 47 59 120
Net Income [2] $ 77 $ 77 $ 225 $ 196
[1] Net income equals comprehensive income.
[2] Net income approximates comprehensive income.