Income Taxes (Tables)

3 Months Ended

Mar. 31, 2022

Income Taxes [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of income tax expense (benefit) for the periods ended March 31 are as follows.

(PPL)
	Three Months
	2022		2021
Federal income tax on Income from Continuing Operations Before Income Taxes at statutory tax rate - 21%	$	73	$	55
Increase (decrease) due to:
State income taxes, net of federal income tax benefit	21		12
Valuation allowance adjustments	3		8
Amortization of investment tax credit including deferred taxes on basis adjustment	(3)		(1)
Depreciation and other items not normalized	(3)		(2)
Amortization of excess deferred federal and state income taxes	(18)		(12)
Other	1		(1)
Total increase (decrease)	1		4
Total income tax expense (benefit)	$	74	$	59

PPL Electric Utilities Corp [Member]

Income Taxes [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of income tax expense (benefit) for the periods ended March 31 are as follows.

(PPL Electric)
	Three Months
	2022		2021
Federal income tax on Income Before Income Taxes at statutory tax rate - 21%	$	41	$	32
Increase (decrease) due to:
State income taxes, net of federal income tax benefit	16		12
Depreciation and other items not normalized	(3)		(2)
Amortization of excess deferred federal income taxes	(3)		(3)
Other	(1)		(2)
Total increase (decrease)	9		5
Total income tax expense (benefit)	$	50	$	37

Louisville Gas And Electric Co [Member]

Income Taxes [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of income tax expense (benefit) for the periods ended March 31 are as follows.

(LG&E)
	Three Months
	2022		2021
Federal income tax on Income Before Income Taxes at statutory tax rate - 21%	$	24	$	20
Increase (decrease) due to:
State income taxes, net of federal income tax benefit	4		4
Amortization of excess deferred federal and state income taxes	(7)		(3)
Other	(2)		(2)
Total increase (decrease)	(5)		(1)
Total income tax expense (benefit)	$	19	$	19

Kentucky Utilities Co [Member]

Income Taxes [Line Items]

Schedule of Effective Income Tax Rate Reconciliation

Reconciliations of income tax expense (benefit) for the periods ended March 31 are as follows.

(KU)
	Three Months
	2022		2021
Federal income tax on Income Before Income Taxes at statutory tax rate - 21%	$	28	$	22
Increase (decrease) due to:
State income taxes, net of federal income tax benefit	5		4
Amortization of excess deferred federal and state income taxes	(6)		(4)
Other	(3)		(1)
Total increase (decrease)	(4)		(1)
Total income tax expense (benefit)	$	24	$	21