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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
Assets, Current [Abstract]    
Cash and cash equivalents $ 7,629 $ 442
Accounts receivable (less reserve:)    
Customer 569 603
Other 89 86
Unbilled revenues 247 301
Fuel, materials and supplies 265 302
Prepayments 119 53
Regulatory Assets, Current 69 99
Other current assets 100 130
Current assets held for sale 0 18,983
Total Current Assets 9,018 20,900
Property, Plant and Equipment    
Regulated utility plant 29,757 29,040
Less:  accumulated depreciation - regulated utility plant 6,314 6,008
Regulated utility plant, net 23,443 23,032
Non-regulated property, plant and equipment 246 237
Less:  accumulated depreciation - non-regulated property, plant and equipment 40 37
Non-regulated property, plant and equipment, net 206 200
Construction work in progress 1,296 1,268
Property, Plant and Equipment, net 24,945 24,500
Other Noncurrent Assets    
Regulatory assets 1,281 1,262
Goodwill 716 716
Other intangibles 347 351
Pension benefit asset 67 24
Other noncurrent assets 385 363
Total Other Noncurrent Assets 2,796 2,716
Total Assets 36,759 48,116
Current Liabilities    
Short-term debt 0 1,168
Long-term debt due within one year 2,200 1,074
Accounts payable 683 745
Taxes 261 69
Interest 96 113
Dividends 320 319
Regulatory liabilities 198 79
Other current liabilities 414 465
Current liabilities held for sale 0 11,023
Liabilities, Current, Total 4,172 15,055
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 11,095 13,615
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,079 2,536
Investment tax credits 120 122
Accrued pension obligations 189 189
Asset retirement obligations 140 132
Regulatory liabilities 2,468 2,530
Other deferred credits and noncurrent liabilities 544 564
Total Deferred Credits and Other Noncurrent Liabilities 6,540 6,073
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,281 12,270
Earnings reinvested 2,854 5,315
Accumulated other comprehensive loss (191) (4,220)
Total Equity 14,952 13,373
Total Liabilities and Equity 36,759 48,116
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 58 40
Accounts receivable (less reserve:)    
Customer 304 311
Other 67 17
Accounts receivable from affiliates 10 10
Notes receivable from affiliate 1,075 0
Notes receivable from affiliate 1,075 0
Unbilled revenues 86 121
Fuel, materials and supplies 61 59
Prepayments 65 9
Regulatory Assets, Current 45 40
Other current assets 14 13
Total Current Assets 1,785 620
Property, Plant and Equipment    
Regulated utility plant 13,860 13,514
Less:  accumulated depreciation - regulated utility plant 3,392 3,297
Regulated utility plant, net 10,468 10,217
Construction work in progress 577 592
Property, Plant and Equipment, net 11,045 10,809
Other Noncurrent Assets    
Regulatory assets 522 541
Other intangibles 269 268
Pension benefit asset 40 12
Other noncurrent assets 123 74
Total Other Noncurrent Assets 954 895
Total Assets 13,784 12,324
Current Liabilities    
Long-term debt due within one year 400 400
Accounts payable 352 428
Accounts payable to affiliates 36 39
Taxes 8 17
Interest 39 39
Regulatory liabilities 138 68
Other current liabilities 105 105
Liabilities, Current, Total 1,078 1,096
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 4,485 3,836
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,646 1,559
Accrued pension obligations 8 8
Regulatory liabilities 568 578
Other deferred credits and noncurrent liabilities 117 123
Total Deferred Credits and Other Noncurrent Liabilities 2,339 2,268
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,503 3,753
Earnings reinvested 1,015 1,007
Total Equity 5,882 5,124
Total Liabilities and Equity 13,784 12,324
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 4 7
Accounts receivable (less reserve:)    
Customer 112 127
Other 40 35
Accounts receivable from affiliates 16 16
Unbilled revenues 66 79
Fuel, materials and supplies 94 119
Prepayments 17 14
Regulatory Assets, Current 21 23
Other current assets 1 1
Total Current Assets 371 421
Property, Plant and Equipment    
Regulated utility plant 6,907 6,735
Less:  accumulated depreciation - regulated utility plant 1,102 1,020
Regulated utility plant, net 5,805 5,715
Construction work in progress 307 320
Property, Plant and Equipment, net 6,112 6,035
Other Noncurrent Assets    
Regulatory assets 354 351
Goodwill 389 389
Other intangibles 33 35
Other noncurrent assets 121 114
Total Other Noncurrent Assets 897 889
Total Assets 7,380 7,345
Current Liabilities    
Short-term debt 0 262
Long-term debt due within one year 28 292
Notes Payable, Related Parties, Current 282 0
Accounts payable 144 153
Accounts payable to affiliates 21 31
Taxes 25 32
Price risk management liabilities current 2 2
Interest 15 15
Current Customer Deposits 31 32
Regulatory liabilities 41 0
Asset Retirement Obligation, Current 9 10
Other current liabilities 39 50
Liabilities, Current, Total 637 879
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 1,978 1,715
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 729 716
Investment tax credits 32 33
Asset retirement obligations 51 57
Regulatory liabilities 840 882
Price risk management liabilities 18 21
Other deferred credits and noncurrent liabilities 92 94
Total Deferred Credits and Other Noncurrent Liabilities 1,762 1,803
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,967 1,923
Earnings reinvested 612 601
Total Equity 3,003 2,948
Total Liabilities and Equity 7,380 7,345
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 7 22
Accounts receivable (less reserve:)    
Customer 148 156
Other 31 30
Accounts receivable from affiliates 0 1
Unbilled revenues 89 97
Fuel, materials and supplies 111 123
Prepayments 17 15
Regulatory Assets, Current 3 36
Other current assets 0 1
Total Current Assets 406 481
Property, Plant and Equipment    
Regulated utility plant 9,006 8,808
Less:  accumulated depreciation - regulated utility plant 1,820 1,690
Regulated utility plant, net 7,186 7,118
Construction work in progress 362 321
Property, Plant and Equipment, net 7,548 7,439
Other Noncurrent Assets    
Regulatory assets 405 370
Goodwill 607 607
Other intangibles 24 26
Other noncurrent assets 158 149
Total Other Noncurrent Assets 1,194 1,152
Total Assets 9,148 9,072
Current Liabilities    
Short-term debt 0 203
Long-term debt due within one year 0 132
Notes Payable, Related Parties, Current 226 0
Accounts payable 105 121
Accounts payable to affiliates 39 43
Taxes 22 29
Interest 18 19
Current Customer Deposits 32 32
Regulatory liabilities 19 11
Asset Retirement Obligation, Current 23 40
Other current liabilities 45 59
Liabilities, Current, Total 529 689
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,618 2,486
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 846 835
Investment tax credits 87 88
Asset retirement obligations 89 75
Regulatory liabilities 1,060 1,070
Other deferred credits and noncurrent liabilities 46 47
Total Deferred Credits and Other Noncurrent Liabilities 2,128 2,115
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,917 2,857
Earnings reinvested 648 617
Total Equity 3,873 3,782
Total Liabilities and Equity $ 9,148 $ 9,072
[1] 1,560,000 shares authorized; 769,564 and 768,907 shares issued and outstanding at June 30, 2021 and December 31, 2020.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at June 30, 2021 and December 31, 2020.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at June 30, 2021 and December 31, 2020.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at June 30, 2021 and December 31, 2020.