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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 815 $ 621
Accounts receivable (less reserve:)    
Customer 687 663
Other 105 107
Unbilled revenues 504 496
Fuel, materials and supplies 332 303
Prepayments 79 70
Price risk management assets 147 109
Regulatory assets 67 36
Other current assets 98 63
Total Current Assets 2,767 2,432
Property, Plant and Equipment    
Regulated utility plant 42,709 39,734
Less: accumulated depreciation - regulated utility plant 8,055 7,310
Regulated utility plant, net 34,654 32,424
Non-regulated property, plant and equipment 357 355
Less: accumulated depreciation - non-regulated property, plant and equipment 109 101
Non-regulated property, plant and equipment, net 248 254
Construction work in progress 1,580 1,780
Property, Plant and Equipment, net 36,482 34,458
Other Noncurrent Assets    
Regulatory assets 1,492 1,673
Goodwill 3,198 3,162
Other intangibles 742 716
Pension benefit asset 464 535
Price risk management assets 149 228
Other noncurrent assets 386 192
Total Other Noncurrent Assets 6,431 6,506
Total Assets 45,680 43,396
Current Liabilities    
Short-term debt 1,151 1,430
Long-term debt due within one year 1,172 530
Accounts payable 956 989
Taxes 99 110
Interest 294 278
Dividends 317 296
Customer deposits 261 257
Regulatory liabilities 115 122
Other current liabilities 535 551
Total Current Liabilities 4,900 4,563
Long-term Debt [Abstract]    
Long-term Debt 20,721 20,069
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,088 2,796
Investment tax credits 124 126
Accrued pension obligations 587 771
Asset retirement obligations 212 264
Regulatory liabilities 2,572 2,714
Other deferred credits and noncurrent liabilities 485 436
Total Deferred Credits and Other Noncurrent Liabilities 7,068 7,107
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 7
Additional paid-in capital 12,214 11,021
Earnings reinvested 5,127 4,593
Accumulated other comprehensive loss (4,358) (3,964)
Total Equity 12,991 11,657
Total Liabilities and Equity 45,680 43,396
PPL Electric Utilities Corp [Member]    
Current Assets    
Cash and cash equivalents 262 267
Accounts receivable (less reserve:)    
Customer 258 264
Other 22 38
Accounts receivable from affiliates 11 11
Unbilled revenues 134 120
Fuel, materials and supplies 33 25
Prepayments 6 5
Regulatory assets 26 11
Other current assets 9 9
Total Current Assets 761 750
Property, Plant and Equipment    
Regulated utility plant 12,589 11,637
Less: accumulated depreciation - regulated utility plant 3,078 2,856
Regulated utility plant, net 9,511 8,781
Construction work in progress 597 586
Property, Plant and Equipment, net 10,108 9,367
Other Noncurrent Assets    
Regulatory assets 726 824
Other intangibles 263 260
Other noncurrent assets 43 42
Total Other Noncurrent Assets 1,032 1,126
Total Assets 11,901 11,243
Current Liabilities    
Long-term debt due within one year 0 0
Accounts payable 438 418
Accounts payable to affiliates 32 25
Taxes 13 12
Interest 41 37
Regulatory liabilities 96 74
Other current liabilities 93 101
Total Current Liabilities 713 667
Long-term Debt [Abstract]    
Long-term Debt 3,985 3,694
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,447 1,320
Accrued pension obligations 179 282
Regulatory liabilities 599 675
Other deferred credits and noncurrent liabilities 146 144
Total Deferred Credits and Other Noncurrent Liabilities 2,371 2,421
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 3,558 3,158
Earnings reinvested 910 939
Total Equity 4,832 4,461
Total Liabilities and Equity 11,901 11,243
LG And E And KU Energy LLC [Member]    
Current Assets    
Cash and cash equivalents 27 24
Accounts receivable (less reserve:)    
Customer 260 239
Other 71 63
Unbilled revenues 164 169
Fuel, materials and supplies 250 248
Prepayments 30 25
Regulatory assets 41 25
Other current assets 2 0
Total Current Assets 845 793
Property, Plant and Equipment    
Regulated utility plant 14,646 13,721
Less: accumulated depreciation - regulated utility plant 2,356 2,125
Regulated utility plant, net 12,290 11,596
Construction work in progress 794 1,018
Property, Plant and Equipment, net 13,084 12,614
Other Noncurrent Assets    
Regulatory assets 766 849
Goodwill 996 996
Other intangibles 69 78
Other noncurrent assets 171 82
Total Other Noncurrent Assets 2,002 2,005
Total Assets 15,931 15,412
Current Liabilities    
Short-term debt 388 514
Long-term debt due within one year 975 530
Notes payable with affiliates 150 113
Accounts payable 316 366
Accounts payable to affiliates 11 9
Taxes 58 63
Interest 40 32
Asset Retirement Obligations 70 82
Price risk management liabilities 4 4
Customer deposits 62 61
Regulatory liabilities 19 48
Other current liabilities 153 126
Total Current Liabilities 2,246 1,948
Long-term Debt [Abstract]    
Long-term debt 4,377 4,322
Long-term debt to affiliate 650 650
Long-term Debt 5,027 4,972
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,069 956
Investment tax credits 124 126
Price risk management liabilities 17 16
Accrued pension obligations 233 282
Asset retirement obligations 145 214
Regulatory liabilities 1,973 2,039
Other deferred credits and noncurrent liabilities 155 136
Total Deferred Credits and Other Noncurrent Liabilities 3,716 3,769
Commitments and Contingent Liabilities
Equity    
Accumulated other comprehensive loss (93) (89)
Member's Equity 4,942 4,723
Total Liabilities and Equity 15,931 15,412
Louisville Gas And Electric Co [Member]    
Current Assets    
Cash and cash equivalents 15 10
Accounts receivable (less reserve:)    
Customer 121 110
Other 41 30
Accounts receivable from affiliates 18 24
Unbilled revenues 76 77
Fuel, materials and supplies 122 127
Prepayments 14 12
Regulatory assets 25 21
Other current assets 1 0
Total Current Assets 433 411
Property, Plant and Equipment    
Regulated utility plant 6,372 5,816
Less: accumulated depreciation - regulated utility plant 846 741
Regulated utility plant, net 5,526 5,075
Construction work in progress 297 514
Property, Plant and Equipment, net 5,823 5,589
Other Noncurrent Assets    
Regulatory assets 380 431
Goodwill 389 389
Other intangibles 41 47
Other noncurrent assets 67 16
Total Other Noncurrent Assets 877 883
Total Assets 7,133 6,883
Current Liabilities    
Short-term debt 238 279
Long-term debt due within one year 0 434
Accounts payable 172 172
Accounts payable to affiliates 31 26
Taxes 33 26
Interest 15 11
Asset Retirement Obligations 24 23
Price risk management liabilities 4 4
Customer deposits 31 29
Regulatory liabilities 2 17
Other current liabilities 47 39
Total Current Liabilities 597 1,060
Long-term Debt [Abstract]    
Long-term Debt 2,005 1,375
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 697 628
Investment tax credits 34 34
Price risk management liabilities 17 16
Asset retirement obligations 49 80
Regulatory liabilities 883 915
Other deferred credits and noncurrent liabilities 89 88
Total Deferred Credits and Other Noncurrent Liabilities 1,769 1,761
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,820 1,795
Earnings reinvested 518 468
Total Equity 2,762 2,687
Total Liabilities and Equity 7,133 6,883
Kentucky Utilities Co [Member]    
Current Assets    
Cash and cash equivalents 12 14
Accounts receivable (less reserve:)    
Customer 139 129
Other 27 34
Unbilled revenues 88 92
Fuel, materials and supplies 128 121
Prepayments 14 11
Regulatory assets 16 4
Other current assets 1 0
Total Current Assets 425 405
Property, Plant and Equipment    
Regulated utility plant 8,262 7,895
Less: accumulated depreciation - regulated utility plant 1,507 1,382
Regulated utility plant, net 6,755 6,513
Construction work in progress 496 503
Property, Plant and Equipment, net 7,251 7,016
Other Noncurrent Assets    
Regulatory assets 386 418
Goodwill 607 607
Other intangibles 28 31
Other noncurrent assets 128 63
Total Other Noncurrent Assets 1,149 1,119
Total Assets 8,825 8,540
Current Liabilities    
Short-term debt 150 235
Long-term debt due within one year 500 96
Accounts payable 121 171
Accounts payable to affiliates 52 53
Taxes 26 24
Interest 20 16
Asset Retirement Obligations 46 59
Customer deposits 31 32
Regulatory liabilities 17 31
Other current liabilities 51 35
Total Current Liabilities 1,014 752
Long-term Debt [Abstract]    
Long-term Debt 2,123 2,225
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 792 735
Investment tax credits 90 92
Asset retirement obligations 96 134
Regulatory liabilities 1,090 1,124
Other deferred credits and noncurrent liabilities 46 36
Total Deferred Credits and Other Noncurrent Liabilities 2,114 2,121
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,729 2,661
Earnings reinvested 537 473
Total Equity 3,574 3,442
Total Liabilities and Equity $ 8,825 $ 8,540
[1]
1,560,000 shares authorized; 767,233 and 720,323 shares issued and outstanding at December 31, 2019 and December 31, 2018.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at December 31, 2019 and December 31, 2018
[3]
75,000 shares authorized; 21,294 shares issued and outstanding at December 31, 2019 and December 31, 2018.
[4]
80,000 shares authorized; 37,818 shares issued and outstanding at December 31, 2019 and December 31, 2018.