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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
Assets, Current [Abstract]    
Cash and cash equivalents $ 4,767 $ 442
Accounts receivable (less reserve:)    
Customer 578 603
Other 73 86
Unbilled revenues 233 301
Fuel, materials and supplies 304 302
Prepayments 90 53
Regulatory Assets, Current 60 99
Other current assets 92 130
Current assets held for sale 0 18,983
Total Current Assets 6,137 20,900
Property, Plant and Equipment    
Regulated utility plant 30,056 29,040
Less:  accumulated depreciation - regulated utility plant 6,434 6,008
Regulated utility plant, net 23,622 23,032
Non-regulated property, plant and equipment 269 237
Less:  accumulated depreciation - non-regulated property, plant and equipment 41 37
Non-regulated property, plant and equipment, net 228 200
Construction work in progress 1,356 1,268
Property, Plant and Equipment, net 25,206 24,500
Other Noncurrent Assets    
Regulatory assets 1,286 1,262
Goodwill 716 716
Other intangibles 344 351
Other noncurrent assets 482 387
Assets, Noncurrent 2,828 2,716
Total Assets 34,171 48,116
Current Liabilities    
Short-term debt 0 1,168
Long-term debt due within one year 474 1,074
Accounts payable 635 745
Taxes 144 69
Interest 138 113
Dividends 318 319
Regulatory liabilities 187 79
Other current liabilities 447 465
Current liabilities held for sale 0 11,023
Liabilities, Current, Total 2,343 15,055
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 10,665 13,615
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,108 2,536
Investment tax credits 120 122
Accrued pension obligations 195 189
Asset retirement obligations 160 132
Regulatory liabilities 2,452 2,530
Other deferred credits and noncurrent liabilities 552 564
Total Deferred Credits and Other Noncurrent Liabilities 6,587 6,073
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,290 12,270
Treasury Stock (282) 0
Earnings reinvested 2,743 5,315
Accumulated other comprehensive loss (183) (4,220)
Total Equity 14,576 13,373
Total Liabilities and Equity 34,171 48,116
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 59 40
Accounts receivable (less reserve:)    
Customer 295 311
Other 27 17
Accounts receivable from affiliates 11 10
Notes receivable from affiliate 575 0
Notes receivable from affiliate 575 0
Unbilled revenues 84 121
Fuel, materials and supplies 59 59
Prepayments 41 9
Regulatory Assets, Current 32 40
Other current assets 16 13
Total Current Assets 1,199 620
Property, Plant and Equipment    
Regulated utility plant 13,927 13,514
Less:  accumulated depreciation - regulated utility plant 3,387 3,297
Regulated utility plant, net 10,540 10,217
Construction work in progress 629 592
Property, Plant and Equipment, net 11,169 10,809
Other Noncurrent Assets    
Regulatory assets 510 541
Other intangibles 269 268
Pension benefit asset 49 12
Other noncurrent assets 124 74
Assets, Noncurrent 952 895
Total Assets 13,320 12,324
Current Liabilities    
Long-term debt due within one year 474 400
Accounts payable 351 428
Accounts payable to affiliates 44 39
Taxes 16 17
Interest 45 39
Regulatory liabilities 146 68
Other current liabilities 103 105
Liabilities, Current, Total 1,179 1,096
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 4,009 3,836
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,656 1,559
Accrued pension obligations 8 8
Regulatory liabilities 565 578
Other deferred credits and noncurrent liabilities 120 123
Total Deferred Credits and Other Noncurrent Liabilities 2,349 2,268
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,328 3,753
Earnings reinvested 1,091 1,007
Total Equity 5,783 5,124
Total Liabilities and Equity 13,320 12,324
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 5 7
Accounts receivable (less reserve:)    
Customer 121 127
Other 35 35
Accounts receivable from affiliates 19 16
Unbilled revenues 60 79
Fuel, materials and supplies 126 119
Prepayments 16 14
Regulatory Assets, Current 24 23
Other current assets 0 1
Total Current Assets 406 421
Property, Plant and Equipment    
Regulated utility plant 7,053 6,735
Less:  accumulated depreciation - regulated utility plant 1,155 1,020
Regulated utility plant, net 5,898 5,715
Construction work in progress 290 320
Property, Plant and Equipment, net 6,188 6,035
Other Noncurrent Assets    
Regulatory assets 362 351
Goodwill 389 389
Other intangibles 31 35
Other noncurrent assets 115 114
Assets, Noncurrent 897 889
Total Assets 7,491 7,345
Current Liabilities    
Short-term debt 0 262
Long-term debt due within one year 0 292
Notes Payable, Related Parties, Current 284 0
Accounts payable 148 153
Accounts payable to affiliates 22 31
Taxes 37 32
Price risk management liabilities current 2 2
Interest 32 15
Current Customer Deposits 31 32
Regulatory liabilities 30 0
Asset Retirement Obligation, Current 12 10
Other current liabilities 48 50
Liabilities, Current, Total 646 879
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,006 1,715
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 737 716
Investment tax credits 32 33
Asset retirement obligations 77 57
Regulatory liabilities 830 882
Price risk management liabilities 17 21
Other deferred credits and noncurrent liabilities 91 94
Total Deferred Credits and Other Noncurrent Liabilities 1,784 1,803
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,967 1,923
Earnings reinvested 664 601
Total Equity 3,055 2,948
Total Liabilities and Equity 7,491 7,345
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 8 22
Accounts receivable (less reserve:)    
Customer 158 156
Other 7 30
Accounts receivable from affiliates 0 1
Unbilled revenues 80 97
Fuel, materials and supplies 120 123
Prepayments 18 15
Regulatory Assets, Current 4 36
Other current assets 0 1
Total Current Assets 395 481
Property, Plant and Equipment    
Regulated utility plant 9,093 8,808
Less:  accumulated depreciation - regulated utility plant 1,892 1,690
Regulated utility plant, net 7,201 7,118
Construction work in progress 393 321
Property, Plant and Equipment, net 7,594 7,439
Other Noncurrent Assets    
Regulatory assets 414 370
Goodwill 607 607
Other intangibles 23 26
Other noncurrent assets 155 149
Assets, Noncurrent 1,199 1,152
Total Assets 9,188 9,072
Current Liabilities    
Short-term debt 0 203
Long-term debt due within one year 0 132
Notes Payable, Related Parties, Current 208 0
Accounts payable 92 121
Accounts payable to affiliates 44 43
Taxes 38 29
Interest 44 19
Current Customer Deposits 32 32
Regulatory liabilities 11 11
Asset Retirement Obligation, Current 29 40
Other current liabilities 48 59
Liabilities, Current, Total 546 689
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,618 2,486
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 856 835
Investment tax credits 87 88
Asset retirement obligations 83 75
Regulatory liabilities 1,057 1,070
Other deferred credits and noncurrent liabilities 44 47
Total Deferred Credits and Other Noncurrent Liabilities 2,127 2,115
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,917 2,857
Earnings reinvested 672 617
Total Equity 3,897 3,782
Total Liabilities and Equity $ 9,188 $ 9,072
[1] 1,560,000 shares authorized, 769,723 shares issued and 760,109 shares outstanding at September 30, 2021. 1,560,000 shares authorized; 768,907 shares issued and outstanding at December 31, 2020.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at September 30, 2021 and December 31, 2020.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at September 30, 2021 and December 31, 2020.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at September 30, 2021 and December 31, 2020.