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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Operating Revenues $ 2,043 $ 2,134 $ 6,281 $ 5,612
Operation        
Fuel 199 267 567 708
Energy purchases 356 436 1,430 1,093
Other operation and maintenance 637 678 1,805 1,671
Depreciation 314 312 940 872
Taxes, other than income 100 100 299 230
Total Operating Expenses 1,606 1,793 5,041 4,574
Operating Income 437 341 1,240 1,038
Other Income (Expense) - net 16 10 51 36
Interest Expense 165 136 494 361
Income Taxes 58 41 170 147
Net Income (Loss) $ 230 $ 174 $ 627 $ 566
Net Income:        
Diluted (in dollars per share) $ 0.31 $ 0.24 $ 0.85 $ 0.77
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 737,107 736,247 737,005 735,912
Diluted (in shares) 738,184 737,074 738,021 736,679
Income from Continuing Operations Before Income Taxes $ 288 $ 215 $ 797 $ 713
Income (Loss) from Continuing Operations After Income Taxes, Basic $ 0.31 $ 0.24 $ 0.85 $ 0.77
Income (Loss) from Continuing Operations after income taxes, Diluted $ 0.31 $ 0.24 $ 0.85 $ 0.77
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 737 $ 766 $ 2,295 $ 2,217
Operation        
Energy purchases 226 285 788 759
Other operation and maintenance 151 127 454 415
Depreciation 99 99 297 296
Taxes, other than income 36 39 110 108
Total Operating Expenses 512 550 1,649 1,578
Operating Income 225 216 646 639
Other Income (Expense) - net 8 6 29 19
Interest Expense 54 43 165 122
Income Taxes 43 37 126 131
Net Income (Loss) [1] 136 143 384 410
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 179 180 510 541
PPL Electric Utilities Corp [Member] | Related Party        
Operation        
Interest Income from affiliate 0 1 0 5
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Operating Revenues 398 436 1,227 1,339
Operation        
Fuel 70 94 217 265
Energy purchases 17 28 123 162
Energy purchases from affiliate 8 9 11 18
Other operation and maintenance 91 98 275 301
Depreciation 76 74 227 223
Taxes, other than income 12 12 36 36
Total Operating Expenses 274 315 889 1,005
Operating Income 124 121 338 334
Other Income (Expense) - net 0 0 2 3
Interest Expense 25 23 76 64
Income Taxes 21 21 55 49
Net Income (Loss) 79 [2] 77 [2] 210 [2] 224
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 100 98 265 273
Louisville Gas And Electric Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 2 3 23 26
Operation        
Interest Income from affiliate 1 0 1 0
Louisville Gas And Electric Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 396 433 1,204 1,313
Kentucky Utilities Co [Member]        
Operating Revenues        
Operating Revenues 505 553 1,439 1,569
Operation        
Fuel 129 174 350 444
Energy purchases 6 6 18 18
Energy purchases from affiliate 2 3 23 26
Other operation and maintenance 101 115 327 348
Depreciation 98 96 294 289
Taxes, other than income 12 11 34 33
Total Operating Expenses 348 405 1,046 1,158
Operating Income 157 148 393 411
Other Income (Expense) - net 1 2 6 6
Income Taxes 24 24 59 63
Net Income (Loss) [3] 101 95 240 268
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 125 119 299 331
Kentucky Utilities Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 8 9 11 18
Operation        
Interest Expense 0 0 1 0
Kentucky Utilities Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 497 544 1,428 1,551
Operation        
Interest Expense $ 33 $ 31 $ 99 $ 86
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.