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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock, Common
Noncontrolling Interest
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]
Total Equity $ 13,373 $ 8 $ 12,270 $ 5,315 $ (4,220) $ 0 $ 0 $ 5,124 $ 364 $ 3,753 $ 1,007 $ 2,948 $ 424 $ 1,923 $ 601 $ 3,782 $ 308 $ 2,857 $ 617
Dividends Declared Per Share of Common Stock (in dollars per share) $ 1.245                                    
Balance at beginning of period - shares at Dec. 31, 2020   768,907 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued [1]   816                                  
Common stock issued $ 24   24                                
Stock Issued During Period, Value, Treasury Stock Reissued (282)         $ (282)                          
Stock Issued During Period, Shares, Treasury Stock Reissued           (9,614)                          
Stock-based compensation (4)   (4)                                
Net income (loss) (1,614)     (1,614)       335 [5]     335 202 [6]     202 241 [7]     241
Capital contributions from parent               1,075   1,075   44   44   60   60  
Dividends and dividend equivalents [8] (958)     (958)                              
Dividends declared               (251)     (251) (139)     (139) (186)     (186)
Other comprehensive income 4,037       4,037                            
Balance at end of period - shares at Sep. 30, 2021   760,109 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Contributions from parent               1,075       44       60      
Return of Capital to Parent               (500)   (500)                  
Total Equity $ 14,952 $ 8 12,281 2,854 (191) $ 0 0 5,882 $ 364 4,503 1,015 3,003 $ 424 1,967 612 3,873 $ 308 2,917 648
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.415                                    
Balance at beginning of period - shares at Jun. 30, 2021   769,564             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued   159                                  
Common stock issued $ 4   4                                
Stock Issued During Period, Value, Treasury Stock Reissued (282)         $ (282)                          
Stock Issued During Period, Shares, Treasury Stock Reissued           (9,614)                          
Stock-based compensation 5   5                                
Net income (loss) 207     207       126 [5]     126 82 [6]     82 99 [7]     99
Capital contributions from parent               325   325                  
Dividends and dividend equivalents (318)     (318)                              
Dividends declared               (50)     (50) (30)     (30) (75)     (75)
Other comprehensive income 8       8                            
Balance at end of period - shares at Sep. 30, 2021   760,109 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Return of Capital to Parent               (500)   (500)                  
Total Equity 14,576 $ 8 12,290 2,743 (183) $ (282) 0 5,783 $ 364 4,328 1,091 3,055 $ 424 1,967 664 3,897 $ 308 2,917 672
Total Equity $ 13,723 $ 8 12,303 2,572 (157) (1,003) 0 $ 5,736 $ 364 4,254 1,118 $ 3,079 $ 424 1,997 658 $ 3,928 $ 308 2,957 663
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.650                                    
Balance at beginning of period - shares at Dec. 31, 2021 735,112 735,112 [1]           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at beginning of period at Dec. 31, 2021 $ 13,723                                    
Common stock shares issued   123                                  
Common stock issued 12   12                                
Stock Issued During Period, Value, Treasury Stock Reissued 31         $ 31                          
Stock Issued During Period, Shares, Treasury Stock Reissued           1,076                          
Stock-based compensation 2   2                                
Net income (loss) 566     566       $ 410 [5]     410 $ 224 [6]     224 $ 268 [7]     268
Capital contributions from parent                       10   10   60   60  
Dividends and dividend equivalents [8] (480)     (480)                              
Dividends declared               $ (246)     (246) $ (224)     (224) $ (234)     (234)
Other comprehensive income $ 27       27                            
Balance at end of period - shares at Sep. 30, 2022 736,311 736,311           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Sep. 30, 2022 $ 13,881                                    
Contributions from parent               $ 0       $ 10       $ 60      
Return of Capital to Parent               (130)   (130)                  
Preferred stock 3           3                        
Total Equity $ 13,873 $ 8 12,313 2,649 (124) $ (976) 3 5,773 $ 364 4,189 1,220 3,100 $ 424 2,007 669 4,002 $ 308 3,017 677
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.225                                    
Balance at beginning of period - shares at Jun. 30, 2022   736,157             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued                                    
Common stock issued $ 0   0                                
Stock Issued During Period, Value, Treasury Stock Reissued 4         $ 4                          
Treasury stock acquired           154                          
Stock-based compensation 4   4                                
Net income (loss) 174     174       143 [5]     143 77 [6]     77 95 [7]     95
Dividends and dividend equivalents (165)     (165)                              
Dividends declared               $ (81)     (81) $ (88)     (88) $ (75)     (75)
Other comprehensive income $ (6)       (6)                            
Balance at end of period - shares at Sep. 30, 2022 736,311 736,311           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Sep. 30, 2022 $ 13,881                                    
Return of Capital to Parent               $ (65)   (65)                  
Total Equity $ 13,884 $ 8 $ 12,317 $ 2,658 $ (130) $ (972) $ 3 $ 5,770 $ 364 $ 4,124 $ 1,282 $ 3,089 $ 424 $ 2,007 $ 658 $ 4,022 $ 308 $ 3,017 $ 697
[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 Energy Holdings.
[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 $0.225 and $0.650 for the three and nine months ended September 30, 2022 and $0.415 and $1.245 for the three and nine months ended September 30, 2021.