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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues        
Operating Revenues $ 1,823 $ 1,696 $ 4,238 $ 3,478
Operation        
Fuel 167 229 368 441
Energy purchases 340 305 1,074 657
Other operation and maintenance 609 560 1,168 993
Depreciation 313 289 626 560
Taxes, other than income 89 70 199 130
Total Operating Expenses 1,518 1,453 3,435 2,781
Operating Income 305 243 803 697
Other Income (Expense) - net 5 26 35 26
Interest Expense 165 118 329 225
Income Taxes 33 32 112 106
Net Income (Loss) $ 112 $ 119 $ 397 $ 392
Net Income:        
Diluted (in dollars per share) $ 0.15 $ 0.16 $ 0.54 $ 0.53
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 737,075 735,977 736,953 735,741
Diluted (in shares) 738,177 736,769 737,938 736,478
Income from Continuing Operations Before Income Taxes $ 145 $ 151 $ 509 $ 498
Income (Loss) from Continuing Operations After Income Taxes, Basic $ 0.15 $ 0.16 $ 0.54 $ 0.53
Income (Loss) from Continuing Operations after income taxes, Diluted $ 0.15 $ 0.16 $ 0.54 $ 0.53
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 667 $ 676 $ 1,558 $ 1,451
Operation        
Energy purchases 204 218 562 474
Other operation and maintenance 141 128 303 288
Depreciation 99 99 198 197
Taxes, other than income 30 32 74 69
Total Operating Expenses 474 477 1,137 1,028
Operating Income 193 199 421 423
Other Income (Expense) - net 9 7 21 13
Interest Expense 54 40 111 79
Income Taxes 38 44 83 94
Net Income (Loss) [1] 110 124 248 267
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 148 168 331 361
PPL Electric Utilities Corp [Member] | Related Party        
Operation        
Interest Income from affiliate 0 2 0 4
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Operating Revenues 355 410 829 903
Operation        
Fuel 68 90 147 171
Energy purchases 22 43 106 134
Energy purchases from affiliate 2 7 3 9
Other operation and maintenance 93 103 184 203
Depreciation 76 75 151 149
Taxes, other than income 12 12 24 24
Total Operating Expenses 273 330 615 690
Operating Income 82 80 214 213
Other Income (Expense) - net 0 4 2 3
Interest Expense 26 21 51 41
Income Taxes 11 9 34 28
Net Income (Loss) [2] 45 54 131 147
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 56 63 165 175
Louisville Gas And Electric Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 8 11 21 23
Louisville Gas And Electric Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 347 399 808 880
Kentucky Utilities Co [Member]        
Operating Revenues        
Operating Revenues 435 491 934 1,016
Operation        
Fuel 99 139 221 270
Energy purchases 6 7 12 12
Energy purchases from affiliate 8 11 21 23
Other operation and maintenance 117 120 226 233
Depreciation 98 98 196 193
Taxes, other than income 12 11 22 22
Total Operating Expenses 340 386 698 753
Operating Income 95 105 236 263
Other Income (Expense) - net 3 4 5 4
Income Taxes 13 15 35 39
Net Income (Loss) [3] 51 66 139 173
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 64 81 174 212
Kentucky Utilities Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 2 7 3 9
Operation        
Interest Expense 1 0 1 0
Kentucky Utilities Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 433 484 931 1,007
Operation        
Interest Expense $ 33 $ 28 $ 66 $ 55
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.