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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) $ 0.650                                    
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 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     224 268 [6]     268
Capital contributions from parent                       10   10   60   60  
Dividends and dividend equivalents [7] (480)     (480)                              
Dividends declared               (246)     (246) (224)     (224) (234)     (234)
Other comprehensive income (loss) 27       27                            
Balance at end of period - shares at Sep. 30, 2022   736,311 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Contributions from parent               0       10       60      
Return of Capital to Parent               (130)   (130)                  
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
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]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 4         $ 4                          
Stock Issued During Period, Shares, Treasury Stock Reissued           154                          
Stock-based compensation 4   4                                
Net income (loss) 174     174       143 [5]     143 77 [8]     77 95 [6]     95
Dividends and dividend equivalents (165)     (165)                              
Dividends declared               (81)     (81) (88)     (88) (75)     (75)
Other comprehensive income (loss) (6)       (6)                            
Balance at end of period - shares at Sep. 30, 2022   736,311 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
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
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) $ 0.720                                    
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 22   3     $ 19                          
Stock Issued During Period, Shares, Treasury Stock Reissued           637                          
Stock-based compensation (1)   (1)                                
Net income (loss) 627     627       $ 384 [5]     384 $ 210 [8]     210 $ 240 [6]     240
Capital contributions from parent               200   200       20       54  
Dividends and dividend equivalents [7] (533)     (533)                              
Dividends declared               $ (235)     (235) $ (115)     (115) $ (125)     (125)
Other comprehensive income (loss) $ (18)       (18)                            
Balance at end of period - shares at Sep. 30, 2023 737,124 737,124           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Sep. 30, 2023 $ 14,012                                    
Contributions from parent               $ 200       $ 20       $ 54      
Return of Capital to Parent               (75)   (75)       (161)       (84)  
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
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.240                                    
Balance at beginning of period - shares at Jun. 30, 2023   737,086             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 1   0     $ 1                          
Treasury stock acquired           38                          
Stock-based compensation 3   3                                
Net income (loss) 230     230       136 [5]     136 79 [8]     79 101 [6]     101
Dividends and dividend equivalents (176)     (176)                              
Dividends declared               $ (72)     (72) $ (29)     (29) $ (33)     (33)
Other comprehensive income (loss) $ (5)       (5)                            
Balance at end of period - shares at Sep. 30, 2023 737,124 737,124           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Balance at end of period at Sep. 30, 2023 $ 14,012                                    
Return of Capital to Parent               $ (50)   (50)       (41)       (30)  
Total Equity $ 14,012 $ 8 $ 12,319 $ 2,775 $ (142) $ (948) $ 0 $ 6,025 $ 364 $ 4,209 $ 1,452 $ 3,120 $ 424 $ 1,946 $ 750 $ 4,123 $ 308 $ 3,011 $ 804
[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] Dividends declared per share of common stock were $0.240 and $0.720 for the three and nine months ended September 30, 2023 and $0.225 and $0.650 for the three and nine months ended September 30, 2022.
[8] Net income equals comprehensive income.