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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues      
Operating Revenues $ 7,785 $ 7,447 $ 7,517
Operation      
Fuel 799 759 791
Energy purchases 745 685 706
Other operation and maintenance 1,983 1,802 1,857
Depreciation 1,094 1,008 926
Taxes, other than income 312 292 301
Total Operating Expenses 4,933 4,546 4,581
Operating Income 2,852 2,901 2,936
Other Income (Expense) - net 396 (88) 502
Interest Expense 963 901 888
Income Before Income Taxes 2,285 1,912 2,550
Income Taxes 458 784 648
Net income $ 1,827 $ 1,128 $ 1,902
Net Income Available to PPL Common Shareowners      
Basic (in dollars per share) $ 2.59 $ 1.64 $ 2.80
Diluted (in dollars per share) $ 2.58 $ 1.64 $ 2.79
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 704,439 685,240 677,592
Diluted 708,619 687,334 680,446
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 2,277 $ 2,195 $ 2,156
Operation      
Energy purchases 544 507 535
Other operation and maintenance 578 572 602
Depreciation 352 309 253
Taxes, other than income 109 107 105
Total Operating Expenses 1,583 1,495 1,495
Operating Income 694 700 661
Other Income (Expense) - net 23 12 20
Interest Income from Affiliate 8 5 0
Interest Expense 159 142 129
Income Before Income Taxes 566 575 552
Income Taxes 136 213 212
Net income [1] 430 362 340
LG And E And KU Energy LLC [Member]      
Operating Revenues      
Operating Revenues 3,214 3,156 3,141
Operation      
Fuel 799 759 791
Energy purchases 201 178 171
Other operation and maintenance 848 801 798
Depreciation 475 439 404
Taxes, other than income 70 65 62
Total Operating Expenses 2,393 2,242 2,226
Operating Income 821 914 915
Other Income (Expense) - net (16) (8) (15)
Interest Expense 206 197 197
Interest Expense with Affiliates 25 18 17
Income Before Income Taxes 574 691 686
Income Taxes 129 375 257
Net income 445 316 429
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,467 1,422 1,406
Electric revenue from affiliates 29 31 24
Operating Revenues 1,496 1,453 1,430
Operation      
Fuel 308 292 301
Energy purchases 183 160 153
Energy purchases from affiliate 13 10 14
Other operation and maintenance 376 350 350
Depreciation 195 183 170
Taxes, other than income 36 33 32
Total Operating Expenses 1,111 1,028 1,020
Operating Income 385 425 410
Other Income (Expense) - net (12) (10) (10)
Interest Expense 76 71 71
Income Before Income Taxes 297 344 329
Income Taxes 64 131 126
Net income [2] 233 213 203
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 1,747 1,734 1,735
Electric revenue from affiliates 13 10 14
Operating Revenues 1,760 1,744 1,749
Operation      
Fuel 491 467 490
Energy purchases 18 18 18
Energy purchases from affiliate 29 31 24
Other operation and maintenance 441 423 422
Depreciation 279 255 234
Taxes, other than income 34 32 30
Total Operating Expenses 1,292 1,226 1,218
Operating Income 468 518 531
Other Income (Expense) - net (6) (4) (7)
Interest Expense 100 96 96
Income Before Income Taxes 362 418 428
Income Taxes 76 159 163
Net income [3] $ 286 $ 259 $ 265
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income approximates comprehensive income.