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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Earnings Reinvested [Member]
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Loss [Member]
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.830                                    
Balance at beginning of period - shares at Dec. 31, 2019     767,233,000 [1]           66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Dec. 31, 2019 $ 12,991   $ 8 $ 12,214 $ 5,127   $ (4,358) $ 4,832 $ 364 $ 3,558 $ 910 $ 2,762 $ 424 $ 1,820 $ 518 $ 3,574 $ 308 $ 2,729 $ 537
Common stock shares issued [1]     1,550,000                                
Common stock issued 47     47                              
Stock-based compensation (6)     (6)                              
Net income (loss) 898       898     236 [5]     236 120 [6]     120 133 [7]     133
Capital contributions from parent               255   255   53   53   37   37  
Dividends and dividend equivalents [8] (640)       (640)                            
Dividends declared on common stock               (246)     (246) (76)     (76) (89)     (89)
Other comprehensive income (loss) (244)           (244)                        
Balance at end of period - shares at Jun. 30, 2020     768,783,000 [1]           66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at end of period at Jun. 30, 2020 $ 13,044   $ 8 12,255 5,383   (4,602) 4,817 $ 364 3,553 900 2,859 $ 424 1,873 562 3,655 $ 308 2,766 581
Contributions from parent               255       53       37      
Return of Capital to Parent               (260)   (260)                  
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.830                                    
Balance at beginning of period - shares at Mar. 31, 2020     768,266,000           66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Mar. 31, 2020 $ 13,241   $ 8 12,239 5,360   (4,366) 4,785 $ 364 3,558 863 2,831 $ 424 1,845 562 3,654 $ 308 2,766 580
Common stock shares issued     517,000                                
Common stock issued 13     13                              
Stock-based compensation 3     3                              
Net income (loss) 344       344     118 [5]     118 47 [6]     47 53 [7]     53
Capital contributions from parent               255   255   28   28          
Dividends and dividend equivalents (321)       (321)                            
Dividends declared on common stock               (81)     (81) (47)     (47) (52)     (52)
Other comprehensive income (loss) (236)           (236)                        
Balance at end of period - shares at Jun. 30, 2020     768,783,000 [1]           66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at end of period at Jun. 30, 2020 $ 13,044   $ 8 12,255 5,383   (4,602) 4,817 $ 364 3,553 900 $ 2,859 $ 424 1,873 562 $ 3,655 $ 308 2,766 581
Return of Capital to Parent               $ (260)   (260)                  
Cumulative Effect of New Accounting Principle in Period of Adoption   $ (2)       $ (2)                          
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                    
Balance at beginning of period - shares at Dec. 31, 2020 768,907,000   768,907,000 [1]         66,368,000 66,368,000 [2]     21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at beginning of period at Dec. 31, 2020 $ 13,373   $ 8 12,270 5,315   (4,220) $ 5,124 $ 364 3,753 1,007 $ 2,948 $ 424 1,923 601 $ 3,782 $ 308 2,857 617
Common stock shares issued 0   657,000                                
Common stock issued $ 20     20                              
Stock-based compensation (9)     (9)                              
Net income (loss) (1,821)       (1,821)     209 [5]     209 120 [6]     120 142 [7]     142
Capital contributions from parent               750   750   44   44   60   60  
Dividends and dividend equivalents [8] (640)       (640)                            
Dividends declared on common stock               $ (201)     (201) $ (109)     (109) $ (111)     (111)
Other comprehensive income (loss) $ 4,029           4,029                        
Balance at end of period - shares at Jun. 30, 2021 769,564,000   769,564,000         66,368,000 66,368,000 [2]     21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at end of period at Jun. 30, 2021 $ 14,952   $ 8 12,281 2,854   (191) $ 5,882 $ 364 4,503 1,015 $ 3,003 $ 424 1,967 612 $ 3,873 $ 308 2,917 648
Contributions from parent               750       44       60      
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                    
Balance at beginning of period - shares at Mar. 31, 2021     769,427,000           66,368,000 [2]       21,294,000 [3]       37,818,000 [4]    
Balance at beginning of period at Mar. 31, 2021 $ 11,554   $ 8 12,273 3,155   (3,882) 5,122 $ 364 3,753 1,005 2,963 $ 424 1,923 616 3,812 $ 308 2,857 647
Common stock shares issued     137,000                                
Common stock issued 4     4                              
Stock-based compensation 4     4                              
Net income (loss) 19       19     96 [5]     96 45 [6]     45 56 [7]     56
Capital contributions from parent               750   750   44   44   60   60  
Dividends and dividend equivalents (320)       (320)                            
Dividends declared on common stock               $ (86)     (86) $ (49)     (49) $ (55)     (55)
Other comprehensive income (loss) $ 3,691           3,691                        
Balance at end of period - shares at Jun. 30, 2021 769,564,000   769,564,000         66,368,000 66,368,000 [2]     21,294,000 21,294,000 [3]     37,818,000 37,818,000 [4]    
Balance at end of period at Jun. 30, 2021 $ 14,952   $ 8 $ 12,281 $ 2,854   $ (191) $ 5,882 $ 364 $ 4,503 $ 1,015 $ 3,003 $ 424 $ 1,967 $ 612 $ 3,873 $ 308 $ 2,917 $ 648
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Net income equals comprehensive income.
[6] Net income equals comprehensive income.
[7] Net income equals comprehensive income.
[8] Dividends declared per share of common stock were $0.415 and $0.830 for the three and six months ended June 30, 2021 and June 30, 2020.