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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues    
Operating Revenues $ 2,415 $ 1,782
Operation    
Fuel 201 212
Energy purchases 734 352
Other operation and maintenance 559 433
Depreciation 313 271
Taxes, other than income 110 60
Total Operating Expenses 1,917 1,328
Operating Income 498 454
Other Income (Expense) - net 30 0
Interest Expense 164 107
Income Taxes 79 74
Net Income (Loss) $ 285 $ 273
Net Income:    
Diluted (in dollars per share) $ 0.39 $ 0.37
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Basic (in shares) 736,829 735,503
Diluted (in shares) 737,698 736,184
Income from Continuing Operations Before Income Taxes $ 364 $ 347
PPL Electric Utilities Corp [Member]    
Operating Revenues    
Operating Revenues 891 775
Operation    
Energy purchases 358 256
Other operation and maintenance 162 160
Depreciation 99 98
Taxes, other than income 44 37
Total Operating Expenses 663 551
Operating Income 228 224
Other Income (Expense) - net 12 6
Interest Expense 57 39
Income Taxes 45 50
Net Income (Loss) [1] 138 143
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 183 193
PPL Electric Utilities Corp [Member] | Related Party    
Operation    
Interest Income from affiliate 0 2
Louisville Gas And Electric Co [Member]    
Operating Revenues    
Operating Revenues 474 493
Operation    
Fuel 79 81
Energy purchases 84 91
Energy purchases from affiliate 1 2
Other operation and maintenance 91 100
Depreciation 75 74
Taxes, other than income 12 12
Total Operating Expenses 342 360
Operating Income 132 133
Other Income (Expense) - net 2 (1)
Interest Expense 25 20
Income Taxes 23 19
Net Income (Loss) [2] 86 93
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 109 112
Louisville Gas And Electric Co [Member] | Related Party    
Operating Revenues    
Retail and wholesale 13 12
Louisville Gas And Electric Co [Member] | Nonrelated Party    
Operating Revenues    
Retail and wholesale 461 481
Kentucky Utilities Co [Member]    
Operating Revenues    
Operating Revenues 499 525
Operation    
Fuel 122 131
Energy purchases 6 5
Energy purchases from affiliate 13 12
Other operation and maintenance 109 113
Depreciation 98 95
Taxes, other than income 10 11
Total Operating Expenses 358 367
Operating Income 141 158
Other Income (Expense) - net 2 0
Interest Expense 33 27
Income Taxes 22 24
Net Income (Loss) [3] 88 107
Weighted-Average Shares of Common Stock Outstanding (in thousands)    
Income from Continuing Operations Before Income Taxes 110 131
Kentucky Utilities Co [Member] | Related Party    
Operating Revenues    
Retail and wholesale 1 2
Kentucky Utilities Co [Member] | Nonrelated Party    
Operating Revenues    
Retail and wholesale $ 498 $ 523
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.