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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 $ 13,723 $ 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) $ 0.425                                    
Balance at beginning of period - shares at Dec. 31, 2021   735,112 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued [1]   123                                  
Common stock issued $ 12   12                                
Stock Issued During Period, Value, Treasury Stock Reissued 27         $ 27                          
Stock Issued During Period, Shares, Treasury Stock Reissued           922                          
Stock-based compensation (2)   (2)                                
Net income (loss) 392     392       267 [5]     267 147 [6]     147 173 [7]     173
Capital contributions from parent                       10   10   60   60  
Dividends and dividend equivalents [8] (315)     (315)                              
Dividends declared               (165)     (165) (136)     (136) (159)     (159)
Other comprehensive income 33       33                            
Balance at end of period - shares at Jun. 30, 2022   736,157 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Contributions from parent               0       10       60      
Return of Capital to Parent               (65)   (65)                  
Preferred stock 3                                    
Total Equity $ 13,865 $ 8 12,299 2,697 (152) $ (987) 0 5,767 $ 364 4,214 1,189 3,097 $ 424 1,997 676 3,945 $ 308 2,957 680
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.225                                    
Balance at beginning of period - shares at Mar. 31, 2022   735,765             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock issued $ 8   8                                
Stock Issued During Period, Value, Treasury Stock Reissued 11         $ 11                          
Stock Issued During Period, Shares, Treasury Stock Reissued           392                          
Stock-based compensation 6   6                                
Net income (loss) 119     119       124 [5]     124 54 [6]     54 66 [7]     66
Capital contributions from parent                       10   10   60   60  
Dividends and dividend equivalents (167)     (167)                              
Dividends declared               (93)     (93) (61)     (61) (69)     (69)
Other comprehensive income 28       28                            
Balance at end of period - shares at Jun. 30, 2022   736,157 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Return of Capital to Parent               (25)   (25)                  
Preferred stock 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
Total Equity $ 13,918 $ 8 12,317 2,681 (124) (967) 3 $ 5,751 $ 364 4,084 1,303 $ 3,166 $ 424 2,087 655 $ 4,038 $ 308 3,041 689
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.480                                    
Balance at beginning of period - shares at Dec. 31, 2022 736,487 736,487 [1]           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at beginning of period at Dec. 31, 2022 $ 13,915                                    
Stock Issued During Period, Value, Treasury Stock Reissued 21   3     $ 18                          
Stock Issued During Period, Shares, Treasury Stock Reissued           599                          
Stock-based compensation (4)   (4)                                
Net income (loss) 397     397       $ 248 [5]     248 $ 131 [6]     131 $ 139 [7]     139
Capital contributions from parent               200   200       20       54  
Dividends and dividend equivalents [8] (357)     (357)                              
Dividends declared               $ (163)     (163) $ (86)     (86) $ (92)     (92)
Other comprehensive income $ (13)       (13)                            
Balance at end of period - shares at Jun. 30, 2023 737,086 737,086           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Jun. 30, 2023 $ 13,959                                    
Contributions from parent               $ 200       $ 20       $ 54      
Return of Capital to Parent               (25)   (25)       (120)       (54)  
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests             (3)                        
Total Equity $ 14,036 $ 8 12,310 2,788 (123) $ (950) 3 6,015 $ 364 4,284 1,367 3,101 $ 424 1,967 710 4,037 $ 308 2,987 742
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.240                                    
Balance at beginning of period - shares at Mar. 31, 2023   737,067             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 2   1     $ 1                          
Treasury stock acquired           19                          
Stock-based compensation 5   5                                
Net income (loss) 112     112       110 [5]     110 45 [6]     45 51 [7]     51
Capital contributions from parent                       20   20   54   54  
Dividends and dividend equivalents (179)     (179)                              
Dividends declared               $ (89)     (89) $ (55)     (55) $ (57)     (57)
Other comprehensive income $ (14)       (14)                            
Balance at end of period - shares at Jun. 30, 2023 737,086 737,086           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Jun. 30, 2023 $ 13,959                                    
Return of Capital to Parent               $ (25)   (25)                  
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests             (3)                        
Total Equity $ 13,959 $ 8 $ 12,316 $ 2,721 $ (137) $ (949) $ 0 $ 6,011 $ 364 $ 4,259 $ 1,388 $ 3,111 $ 424 $ 1,987 $ 700 $ 4,085 $ 308 $ 3,041 $ 736
[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 $0.240 and $0.480 for the three and six months ended June 30, 2023 and $0.225 and $0.425 for the three and six months ended June 30, 2022.