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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues        
Operating Revenues $ 1,288 $ 1,263 $ 2,786 $ 2,703
Operation        
Fuel 159 138 336 301
Energy purchases 137 133 357 334
Other operation and maintenance 404 353 771 708
Depreciation 269 255 536 505
Taxes, other than income 49 37 101 84
Total Operating Expenses 1,018 916 2,101 1,932
Operating Income 270 347 685 771
Other Income (Expense) - net 13 10 13 5
Interest Expense 474 164 627 318
Income from Continuing Operations Before Income Taxes (191) 193 71 458
Income Taxes 345 40 404 101
Income from continuing operations after income taxes (536) 153 (333) 357
Income (Loss) from Discontinued Operations (net of income taxes) 555 191 (1,488) 541
Net Income (Loss) $ 19 $ 344 $ (1,821) $ 898
Net Income:        
Income (Loss) from Continuing Operations After Income Taxes $ (0.69) $ 0.20 $ (0.44) $ 0.47
Income (loss) from Discontinued Operations (net of income taxes) 0.72 0.25 (1.93) 0.70
Net Income (Loss) Available to PPL Common Shareowners $ 0.03 $ 0.45 $ (2.37) $ 1.17
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 769,466 768,768 769,313 768,358
Diluted (in shares) 769,466 769,408 769,313 769,073
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 537 $ 554 $ 1,142 $ 1,162
Operation        
Energy purchases 110 111 259 255
Other operation and maintenance 125 129 253 266
Depreciation 109 101 217 199
Taxes, other than income 26 18 58 48
Total Operating Expenses 370 359 787 768
Operating Income 167 195 355 394
Other Income (Expense) - net 5 5 10 8
Interest Income from Affiliate 0 0 0 1
Interest Expense 42 42 85 86
Income from Continuing Operations Before Income Taxes 130 158 280 317
Income Taxes 34 40 71 81
Net Income (Loss) [1] 96 118 209 236
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 333 320 754 713
Electric revenue from affiliate 9 2 16 16
Operating Revenues 342 322 770 729
Operation        
Fuel 66 50 133 124
Energy purchases 23 18 89 70
Energy purchases from affiliate 3 8 8 8
Other operation and maintenance 97 92 193 184
Depreciation 68 65 134 129
Taxes, other than income 11 9 22 19
Total Operating Expenses 268 242 579 534
Operating Income 74 80 191 195
Other Income (Expense) - net 3 1 1 0
Interest Expense 20 22 41 44
Income from Continuing Operations Before Income Taxes 57 59 151 151
Income Taxes 12 12 31 31
Net Income (Loss) [2] 45 47 120 120
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 408 380 872 812
Electric revenue from affiliate 3 8 8 8
Operating Revenues 411 388 880 820
Operation        
Fuel 93 88 203 177
Energy purchases 4 4 9 9
Energy purchases from affiliate 9 2 16 16
Other operation and maintenance 111 107 226 211
Depreciation 90 86 179 170
Taxes, other than income 11 8 21 17
Total Operating Expenses 318 295 654 600
Operating Income 93 93 226 220
Other Income (Expense) - net 3 0 4 1
Interest Expense 27 29 54 57
Income from Continuing Operations Before Income Taxes 69 64 176 164
Income Taxes 13 11 34 31
Net Income (Loss) [3] $ 56 $ 53 $ 142 $ 133
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.