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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Revenues    
Operating Revenues $ 2,054 $ 2,079
Operation    
Fuel 163 194
Energy purchases 201 250
Other operation and maintenance 476 490
Depreciation 317 284
Taxes, other than income 80 80
Total Operating Expenses 1,237 1,298
Operating Income 817 781
Other Income (Expense) - net 125 52
Interest Expense 248 241
Income Before Income Taxes 694 592
Income Taxes 140 126
Net Income $ 554 $ 466
Net Income:    
Basic (in dollars per share) $ 0.72 $ 0.65
Diluted (in dollars per share) $ 0.72 $ 0.64
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 767,948 721,023
Diluted (in shares) 768,738 729,953
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues $ 608 $ 645
Operation    
Energy purchases 144 171
Other operation and maintenance 137 150
Depreciation 98 95
Taxes, other than income 30 31
Total Operating Expenses 409 447
Operating Income 199 198
Other Income (Expense) - net 3 5
Interest Income from Affiliate 1 2
Interest Expense 44 42
Income Before Income Taxes 159 163
Income Taxes 41 42
Net Income [1] 118 121
LG And E And KU Energy LLC [Member]    
Operating Revenues    
Operating Revenues 825 845
Operation    
Fuel 163 194
Energy purchases 57 79
Other operation and maintenance 204 214
Depreciation 149 123
Taxes, other than income 18 18
Total Operating Expenses 591 628
Operating Income 234 217
Interest Expense 58 54
Interest Expense with Affiliate 7 7
Income Before Income Taxes 169 156
Income Taxes 34 32
Net Income [2] 135 124
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Retail and wholesale 393 397
Electric revenue from affiliate 14 13
Operating Revenues 407 410
Operation    
Fuel 74 78
Energy purchases 52 74
Energy purchases from affiliate 0 2
Other operation and maintenance 92 94
Depreciation 64 51
Taxes, other than income 10 9
Total Operating Expenses 292 308
Operating Income 115 102
Other Income (Expense) - net (1) 0
Interest Expense 22 21
Income Before Income Taxes 92 81
Income Taxes 19 17
Net Income [3] 73 64
Kentucky Utilities Co [Member]    
Operating Revenues    
Retail and wholesale 432 448
Electric revenue from affiliate 0 2
Operating Revenues 432 450
Operation    
Fuel 89 116
Energy purchases 5 5
Energy purchases from affiliate 14 13
Other operation and maintenance 104 108
Depreciation 84 72
Taxes, other than income 9 9
Total Operating Expenses 305 323
Operating Income 127 127
Other Income (Expense) - net 1 2
Interest Expense 28 26
Income Before Income Taxes 100 103
Income Taxes 20 22
Net Income [4] $ 80 $ 81
[1]
Net income equals comprehensive income.

[2]
Net income approximates comprehensive income.

[3]
Net income equals comprehensive income.
[4]
Net income equals comprehensive income.