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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenues        
Operating Revenues $ 1,512 $ 1,400 $ 4,298 $ 4,103
Operation        
Fuel 195 177 531 478
Energy purchases 167 136 524 470
Other operation and maintenance 393 346 1,164 1,054
Depreciation 274 257 810 762
Taxes, other than income 52 47 153 131
Total Operating Expenses 1,081 963 3,182 2,895
Operating Income 431 437 1,116 1,208
Other Income (Expense) - net 12 6 25 11
Interest Expense 183 161 810 479
Income Taxes 51 165 455 266
Income (Loss) from continuing operations after income taxes 209 117 (124) 474
Income (Loss) from Discontinued Operations (net of income taxes) (2) 164 (1,490) 705
Net Income (Loss) $ 207 $ 281 $ (1,614) $ 1,179
Net Income:        
Income (Loss) from Continuing Operations After Income Taxes $ 0.27 $ 0.15 $ (0.16) $ 0.62
Income (loss) from Discontinued Operations (net of income taxes) 0 0.22 (1.94) 0.91
Net Income (Loss) Available to PPL Common Shareowners $ 0.27 $ 0.37 $ (2.10) $ 1.53
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 767,733 768,786 768,781 768,502
Diluted (in shares) 769,849 769,660 768,781 769,270
Income from Continuing Operations Before Income Taxes $ 260 $ 282 $ 331 $ 740
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues 627 586 1,769 1,748
Operation        
Energy purchases 143 118 402 373
Other operation and maintenance 147 122 400 388
Depreciation 105 102 322 301
Taxes, other than income 30 30 88 78
Total Operating Expenses 425 372 1,212 1,140
Operating Income 202 214 557 608
Other Income (Expense) - net 6 7 16 15
Interest Income from Affiliate 2 1 2 2
Interest Expense 39 44 124 130
Income Taxes 45 44 116 125
Net Income (Loss) [1] 126 134 335 370
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 171 178 451 495
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 393 362 1,147 1,075
Electric revenue from affiliate 2 1 18 17
Operating Revenues 395 363 1,165 1,092
Operation        
Fuel 70 64 203 188
Energy purchases 19 13 108 83
Energy purchases from affiliate 8 8 16 16
Other operation and maintenance 97 93 290 277
Depreciation 72 64 206 193
Taxes, other than income 12 11 34 30
Total Operating Expenses 278 253 857 787
Operating Income 117 110 308 305
Other Income (Expense) - net 2 (1) 3 (1)
Interest Expense 20 22 61 66
Income Taxes 17 16 48 47
Net Income (Loss) [2] 82 71 202 191
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 99 87 250 238
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 486 444 1,358 1,256
Electric revenue from affiliate 8 8 16 16
Operating Revenues 494 452 1,374 1,272
Operation        
Fuel 125 113 328 290
Energy purchases 5 5 14 14
Energy purchases from affiliate 2 1 18 17
Other operation and maintenance 110 105 336 316
Depreciation 94 88 273 258
Taxes, other than income 10 10 31 27
Total Operating Expenses 346 322 1,000 922
Operating Income 148 130 374 350
Other Income (Expense) - net 1 1 5 2
Interest Expense 27 28 81 85
Income Taxes 23 19 57 50
Net Income (Loss) [3] 99 84 241 217
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes $ 122 $ 103 $ 298 $ 267
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.