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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating Revenues      
Operating Revenues $ 8,312 $ 7,902 $ 5,783
Operation      
Fuel 733 931 710
Energy purchases 1,841 1,686 752
Other operation and maintenance 2,462 2,398 1,608
Depreciation 1,254 1,181 1,082
Taxes, other than income 392 332 207
Total Operating Expenses 6,682 6,528 4,359
Operating Income 1,630 1,374 1,424
Other Income (Expense) - net (40) 54 15
Interest Expense 666 513 918
Income from Continuing Operations Before Income Taxes 924 915 521
Income Taxes 184 201 503
Income from Continuing Operations After Income Taxes 740 714 18
Income (Loss) from Discontinued Operations (net of income taxes) 0 42 (1,498)
Net income (Loss) $ 740 $ 756 $ (1,480)
Earnings per Share of Common Stock [Abstract]      
Income from Continuing Operations After Income Taxes, Per Basic Share $ 1.00 $ 0.97 $ 0.03
Income (Loss) from Discontinued Operation ( net of income taxes), Per Basic Shares 0 0.06 (1.96)
Net Income (Loss) Available to PPL Common , Per Basic shares 1.00 1.03 (1.93)
Income from Continuing Operations After Income Taxes, Per Diluted Share 1.00 0.96 0.03
Net Income (Loss) Available to PPL Common Shareowners, Per Diluted Shares 1.00 1.02 (1.93)
Income (Loss) from Discontinued Operations (net of income taxes), Per Diluted Shares $ 0 $ 0.06 $ (1.96)
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 737,036 736,027 762,902
Diluted 738,166 736,902 764,819
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 3,008 $ 3,030 $ 2,402
Operation      
Energy purchases 992 1,048 566
Other operation and maintenance 605 605 557
Depreciation 397 393 424
Taxes, other than income 143 149 120
Total Operating Expenses 2,137 2,195 1,667
Operating Income 871 835 735
Other Income (Expense) - net 39 30 21
Interest Expense 223 171 162
Income from Continuing Operations Before Income Taxes 687 699 599
Income Taxes 168 174 154
Net income (Loss) [1] 519 525 445
PPL Electric Utilities Corp [Member] | Related Party      
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Interest income 0 5 5
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Operating Revenues 1,613 1,798 1,569
Operation      
Fuel 286 346 265
Energy purchases 168 245 167
Energy purchases from affiliate 12 25 23
Other operation and maintenance 364 416 400
Depreciation 302 298 279
Taxes, other than income 48 48 46
Total Operating Expenses 1,180 1,378 1,180
Operating Income 433 420 389
Other Income (Expense) - net 3 4 (5)
Interest Expense 102 89 81
Income from Continuing Operations Before Income Taxes 335 335 303
Income Taxes 69 63 54
Net income (Loss) [2] 266 272 249
Louisville Gas And Electric Co [Member] | Nonrelated Party      
Operating Revenues      
Retail and wholesale 1,580 1,762 1,545
Louisville Gas And Electric Co [Member] | Related Party      
Operating Revenues      
Retail and wholesale 33 36 24
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Interest income 1 0 0
Kentucky Utilities Co [Member]      
Operating Revenues      
Operating Revenues 1,884 2,074 1,826
Operation      
Fuel 447 585 445
Energy purchases 24 28 19
Energy purchases from affiliate 33 36 24
Other operation and maintenance 427 487 463
Depreciation 392 386 366
Taxes, other than income 45 45 41
Total Operating Expenses 1,368 1,567 1,358
Operating Income 516 507 468
Other Income (Expense) - net 8 8 4
Income from Continuing Operations Before Income Taxes 389 398 363
Income Taxes 77 76 67
Net income (Loss) [3] 312 322 296
Kentucky Utilities Co [Member] | Nonrelated Party      
Operating Revenues      
Retail and wholesale 1,872 2,049 1,803
Operation      
Interest Expense 134 117 109
Kentucky Utilities Co [Member] | Related Party      
Operating Revenues      
Retail and wholesale 12 25 23
Operation      
Interest Expense $ 1 $ 0 $ 0
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.