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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Assets, Current [Abstract]    
Cash and cash equivalents $ 4,249 $ 3,571
Accounts receivable (less reserve:)    
Customer 625 583
Other 44 58
Unbilled revenues 279 307
Fuel, materials and supplies 280 322
Prepayments 135 60
Regulatory Assets, Current 58 64
Other current assets 101 106
Total Current Assets 5,713 5,007
Property, Plant and Equipment    
Regulated utility plant 30,679 30,477
Less:  accumulated depreciation - regulated utility plant 6,599 6,488
Regulated utility plant, net 24,080 23,989
Non-regulated property, plant and equipment 278 266
Less:  accumulated depreciation - non-regulated property, plant and equipment 41 41
Non-regulated property, plant and equipment, net 237 225
Construction work in progress 1,328 1,256
Property, Plant and Equipment, net 25,645 25,470
Other Noncurrent Assets    
Regulatory assets 1,219 1,236
Goodwill 716 716
Other intangibles 340 343
Other noncurrent assets 474 451
Assets, Noncurrent 2,749 2,746
Total Assets 34,107 33,223
Current Liabilities    
Short-term debt 985 69
Long-term debt due within one year 474 474
Accounts payable 686 679
Taxes 92 96
Interest 138 81
Dividends 147 305
Regulatory liabilities 122 182
Other current liabilities 389 437
Liabilities, Current, Total 3,033 2,323
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 10,668 10,666
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,211 3,151
Investment tax credits 124 119
Accrued pension obligations 183 183
Asset retirement obligations 151 157
Regulatory liabilities 2,417 2,422
Other deferred credits and noncurrent liabilities 455 479
Total Deferred Credits and Other Noncurrent Liabilities 6,541 6,511
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,299 12,303
Treasury Stock (987) (1,003)
Earnings reinvested 2,697 2,572
Accumulated other comprehensive loss (152) (157)
Total Equity 13,865 13,723
Total Liabilities and Equity 34,107 33,223
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 46 21
Accounts receivable (less reserve:)    
Customer 333 305
Other 27 22
Accounts receivable from affiliates 9 11
Notes receivable from affiliate 296 499
Notes receivable from affiliate 296 499
Unbilled revenues 115 129
Fuel, materials and supplies 64 61
Prepayments 85 13
Regulatory Assets, Current 13 22
Other current assets 28 21
Total Current Assets 1,016 1,104
Property, Plant and Equipment    
Regulated utility plant 14,177 14,082
Less:  accumulated depreciation - regulated utility plant 3,396 3,386
Regulated utility plant, net 10,781 10,696
Construction work in progress 641 581
Property, Plant and Equipment, net 11,422 11,277
Other Noncurrent Assets    
Regulatory assets 475 488
Other intangibles 270 270
Pension benefit asset 67 50
Other noncurrent assets 124 113
Assets, Noncurrent 936 921
Total Assets 13,374 13,302
Current Liabilities    
Long-term debt due within one year 474 474
Accounts payable 411 367
Accounts payable to affiliates 82 56
Taxes 16 31
Interest 45 35
Regulatory liabilities 101 153
Other current liabilities 108 108
Liabilities, Current, Total 1,237 1,224
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 4,011 4,010
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,716 1,668
Regulatory liabilities 555 559
Other deferred credits and noncurrent liabilities 88 105
Total Deferred Credits and Other Noncurrent Liabilities 2,359 2,332
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,214 4,254
Earnings reinvested 1,189 1,118
Total Equity 5,767 5,736
Total Liabilities and Equity 13,374 13,302
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 9 9
Accounts receivable (less reserve:)    
Customer 133 130
Other 12 25
Accounts receivable from affiliates 29 31
Notes receivable from affiliate 4 0
Notes receivable from affiliate 4 0
Unbilled revenues 70 80
Fuel, materials and supplies 95 137
Prepayments 14 14
Regulatory Assets, Current 31 33
Other current assets 0 2
Total Current Assets 397 461
Property, Plant and Equipment    
Regulated utility plant 7,245 7,192
Less:  accumulated depreciation - regulated utility plant 1,208 1,172
Regulated utility plant, net 6,037 6,020
Construction work in progress 226 242
Property, Plant and Equipment, net 6,263 6,262
Other Noncurrent Assets    
Regulatory assets 329 337
Goodwill 389 389
Other intangibles 28 30
Other noncurrent assets 118 113
Assets, Noncurrent 864 869
Total Assets 7,524 7,592
Current Liabilities    
Short-term debt 353 69
Notes Payable, Related Parties, Current 0 324
Accounts payable 127 163
Accounts payable to affiliates 21 31
Taxes 34 34
Price risk management liabilities current 1 1
Interest 32 15
Current Customer Deposits 32 32
Regulatory liabilities 14 21
Asset Retirement Obligation, Current 10 10
Other current liabilities 30 37
Liabilities, Current, Total 654 737
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,006 2,006
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 756 751
Investment tax credits 32 32
Asset retirement obligations 69 74
Regulatory liabilities 820 818
Price risk management liabilities 13 17
Other deferred credits and noncurrent liabilities 77 78
Total Deferred Credits and Other Noncurrent Liabilities 1,767 1,770
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,997 1,997
Earnings reinvested 676 658
Total Equity 3,097 3,079
Total Liabilities and Equity 7,524 7,592
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 8 13
Accounts receivable (less reserve:)    
Customer 154 144
Other 6 12
Unbilled revenues 87 91
Fuel, materials and supplies 121 124
Prepayments 15 15
Regulatory Assets, Current 14 9
Other current assets 0 2
Total Current Assets 405 410
Property, Plant and Equipment    
Regulated utility plant 9,272 9,219
Less:  accumulated depreciation - regulated utility plant 1,995 1,929
Regulated utility plant, net 7,277 7,290
Construction work in progress 409 378
Property, Plant and Equipment, net 7,686 7,668
Other Noncurrent Assets    
Regulatory assets 415 411
Goodwill 607 607
Other intangibles 22 23
Other noncurrent assets 158 153
Assets, Noncurrent 1,202 1,194
Total Assets 9,293 9,272
Current Liabilities    
Short-term debt 285 0
Notes Payable, Related Parties, Current 4 294
Accounts payable 91 108
Accounts payable to affiliates 52 64
Taxes 39 19
Interest 44 18
Current Customer Deposits 33 32
Regulatory liabilities 7 8
Asset Retirement Obligation, Current 20 22
Other current liabilities 42 47
Liabilities, Current, Total 617 612
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,619 2,618
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 870 865
Investment tax credits 86 87
Asset retirement obligations 82 83
Regulatory liabilities 1,042 1,045
Other deferred credits and noncurrent liabilities 32 34
Total Deferred Credits and Other Noncurrent Liabilities 2,112 2,114
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,957 2,957
Earnings reinvested 680 663
Total Equity 3,945 3,928
Total Liabilities and Equity $ 9,293 $ 9,272
[1] 1,560,000 shares authorized, 770,013 shares issued and 735,765 shares outstanding at March 31, 2022. 1,560,000 shares authorized, 769,890 shares issued and 735,112 shares outstanding at December 31, 2021.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at March 31, 2022 and December 31, 2021.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at March 31, 2022 and December 31, 2021.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at March 31, 2022 and December 31, 2021.