CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions |
Mar. 31, 2017 |
Dec. 31, 2016 |
Assets |
|
|
|
Cash and cash equivalents |
|
$ 409
|
$ 341
|
Accounts receivable (less reserve:) |
|
|
|
Customer |
|
702
|
666
|
Other |
|
58
|
46
|
Unbilled revenues |
|
427
|
480
|
Fuel, materials and supplies |
|
312
|
356
|
Prepayments |
|
173
|
63
|
Price risk management assets |
|
95
|
63
|
Regulatory assets |
|
36
|
39
|
Other current assets |
|
51
|
52
|
Total Current Assets |
|
2,227
|
2,067
|
Property, Plant and Equipment |
|
|
|
Regulated utility plant |
|
35,229
|
34,674
|
Less: accumulated depreciation - regulated utility plant |
|
6,197
|
6,013
|
Regulated utility plant, net |
|
29,032
|
28,661
|
Non-regulated property, plant and equipment |
|
413
|
413
|
Less: accumulated depreciation - non-regulated property, plant and equipment |
|
137
|
134
|
Non-regulated property, plant and equipment, net |
|
276
|
279
|
Construction work in progress |
|
1,099
|
1,134
|
Property, Plant and Equipment, net |
|
30,407
|
30,074
|
Other Noncurrent Assets |
|
|
|
Regulatory assets |
|
1,908
|
1,918
|
Goodwill |
|
3,050
|
3,060
|
Other intangibles |
|
644
|
700
|
Pension benefit asset |
|
363
|
9
|
Price risk management assets |
|
284
|
336
|
Other noncurrent assets |
|
151
|
151
|
Total Other Noncurrent Assets |
|
6,400
|
6,174
|
Total Assets |
|
39,034
|
38,315
|
Current Liabilities |
|
|
|
Short-term debt |
|
1,666
|
923
|
Long-term debt due within one year |
|
417
|
518
|
Accounts payable |
|
700
|
820
|
Taxes |
|
80
|
101
|
Interest |
|
299
|
270
|
Dividends |
|
270
|
259
|
Customer deposits |
|
277
|
276
|
Regulatory liabilities |
|
82
|
101
|
Other current liabilities |
|
465
|
569
|
Total Current Liabilities |
|
4,256
|
3,837
|
Long-term Debt |
|
|
|
Long-term Debt |
|
17,958
|
17,808
|
Deferred Credits and Other Noncurrent Liabilities |
|
|
|
Deferred income taxes |
|
4,055
|
3,889
|
Investment tax credits |
|
132
|
132
|
Accrued pension obligations |
|
776
|
1,001
|
Asset retirement obligations |
|
429
|
428
|
Regulatory liabilities |
|
897
|
899
|
Other deferred credits and noncurrent liabilities |
|
422
|
422
|
Total Deferred Credits and Other Noncurrent Liabilities |
|
6,711
|
6,771
|
Commitments and Contingent Liabilities |
|
|
|
Equity |
|
|
|
Common stock |
[1] |
7
|
7
|
Additional paid-in capital |
|
9,917
|
9,841
|
Earnings reinvested |
|
3,962
|
3,829
|
Accumulated other comprehensive loss |
|
(3,777)
|
(3,778)
|
Total Equity |
|
10,109
|
9,899
|
Total Liabilities and Equity |
|
39,034
|
38,315
|
PPL Electric Utilities Corp [Member] |
|
|
|
Assets |
|
|
|
Cash and cash equivalents |
|
20
|
13
|
Accounts receivable (less reserve:) |
|
|
|
Customer |
|
304
|
272
|
Other |
|
16
|
21
|
Unbilled revenues |
|
102
|
114
|
Fuel, materials and supplies |
|
31
|
32
|
Prepayments |
|
84
|
9
|
Regulatory assets |
|
13
|
19
|
Other current assets |
|
6
|
8
|
Total Current Assets |
|
576
|
488
|
Property, Plant and Equipment |
|
|
|
Regulated utility plant |
|
9,987
|
9,654
|
Less: accumulated depreciation - regulated utility plant |
|
2,767
|
2,714
|
Regulated utility plant, net |
|
7,220
|
6,940
|
Construction work in progress |
|
557
|
641
|
Property, Plant and Equipment, net |
|
7,777
|
7,581
|
Other Noncurrent Assets |
|
|
|
Regulatory assets |
|
1,080
|
1,094
|
Other intangibles |
|
252
|
251
|
Other noncurrent assets |
|
14
|
12
|
Total Other Noncurrent Assets |
|
1,346
|
1,357
|
Total Assets |
|
9,699
|
9,426
|
Current Liabilities |
|
|
|
Short-term debt |
|
499
|
295
|
Long-term debt due within one year |
|
224
|
224
|
Accounts payable |
|
329
|
367
|
Accounts payable to affiliates |
|
58
|
42
|
Taxes |
|
12
|
12
|
Interest |
|
31
|
34
|
Regulatory liabilities |
|
66
|
83
|
Other current liabilities |
|
88
|
101
|
Total Current Liabilities |
|
1,307
|
1,158
|
Long-term Debt |
|
|
|
Long-term Debt |
|
2,608
|
2,607
|
Deferred Credits and Other Noncurrent Liabilities |
|
|
|
Deferred income taxes |
|
1,942
|
1,899
|
Accrued pension obligations |
|
258
|
281
|
Regulatory liabilities |
|
0
|
0
|
Other deferred credits and noncurrent liabilities |
|
90
|
90
|
Total Deferred Credits and Other Noncurrent Liabilities |
|
2,290
|
2,270
|
Commitments and Contingent Liabilities |
|
|
|
Equity |
|
|
|
Common stock |
[2] |
364
|
364
|
Additional paid-in capital |
|
2,254
|
2,154
|
Earnings reinvested |
|
876
|
873
|
Total Equity |
|
3,494
|
3,391
|
Total Liabilities and Equity |
|
9,699
|
9,426
|
LG And E And KU Energy LLC [Member] |
|
|
|
Assets |
|
|
|
Cash and cash equivalents |
|
15
|
13
|
Accounts receivable (less reserve:) |
|
|
|
Customer |
|
215
|
235
|
Other |
|
24
|
17
|
Unbilled revenues |
|
148
|
170
|
Fuel, materials and supplies |
|
256
|
297
|
Prepayments |
|
25
|
24
|
Regulatory assets |
|
23
|
20
|
Other current assets |
|
7
|
4
|
Total Current Assets |
|
713
|
780
|
Property, Plant and Equipment |
|
|
|
Regulated utility plant |
|
12,810
|
12,746
|
Less: accumulated depreciation - regulated utility plant |
|
1,550
|
1,465
|
Regulated utility plant, net |
|
11,260
|
11,281
|
Construction work in progress |
|
376
|
317
|
Property, Plant and Equipment, net |
|
11,636
|
11,598
|
Other Noncurrent Assets |
|
|
|
Regulatory assets |
|
828
|
824
|
Goodwill |
|
996
|
996
|
Other intangibles |
|
93
|
95
|
Other noncurrent assets |
|
78
|
78
|
Total Other Noncurrent Assets |
|
1,995
|
1,993
|
Total Assets |
|
14,344
|
14,371
|
Current Liabilities |
|
|
|
Short-term debt |
|
243
|
185
|
Long-term debt due within one year |
|
94
|
194
|
Notes payable with affiliate |
|
82
|
163
|
Accounts payable |
|
204
|
251
|
Accounts payable to affiliates |
|
13
|
6
|
Taxes |
|
37
|
39
|
Price risk management liabilities |
|
4
|
4
|
Interest |
|
74
|
32
|
Customer deposits |
|
56
|
56
|
Regulatory liabilities |
|
16
|
18
|
Asset retirement obligations |
|
58
|
60
|
Other current liabilities |
|
88
|
119
|
Total Current Liabilities |
|
969
|
1,127
|
Long-term Debt |
|
|
|
Long-term debt |
|
4,572
|
4,471
|
Long-term debt to affiliate |
|
400
|
400
|
Long-term Debt |
|
4,972
|
4,871
|
Deferred Credits and Other Noncurrent Liabilities |
|
|
|
Deferred income taxes |
|
1,786
|
1,735
|
Investment tax credits |
|
131
|
132
|
Accrued pension obligations |
|
332
|
350
|
Asset retirement obligations |
|
374
|
373
|
Regulatory liabilities |
|
897
|
899
|
Price risk management liabilities |
|
25
|
27
|
Other deferred credits and noncurrent liabilities |
|
188
|
190
|
Total Deferred Credits and Other Noncurrent Liabilities |
|
3,733
|
3,706
|
Commitments and Contingent Liabilities |
|
|
|
Equity |
|
|
|
Member's Equity |
|
4,670
|
4,667
|
Total Liabilities and Equity |
|
14,344
|
14,371
|
Louisville Gas And Electric Co [Member] |
|
|
|
Assets |
|
|
|
Cash and cash equivalents |
|
4
|
5
|
Accounts receivable (less reserve:) |
|
|
|
Customer |
|
97
|
109
|
Other |
|
10
|
11
|
Accounts receivable from affiliates |
|
27
|
28
|
Unbilled revenues |
|
66
|
75
|
Fuel, materials and supplies |
|
110
|
143
|
Prepayments |
|
12
|
12
|
Regulatory assets |
|
12
|
9
|
Other current assets |
|
2
|
1
|
Total Current Assets |
|
340
|
393
|
Property, Plant and Equipment |
|
|
|
Regulated utility plant |
|
5,396
|
5,357
|
Less: accumulated depreciation - regulated utility plant |
|
534
|
498
|
Regulated utility plant, net |
|
4,862
|
4,859
|
Construction work in progress |
|
156
|
133
|
Property, Plant and Equipment, net |
|
5,018
|
4,992
|
Other Noncurrent Assets |
|
|
|
Regulatory assets |
|
448
|
450
|
Goodwill |
|
389
|
389
|
Other intangibles |
|
57
|
59
|
Other noncurrent assets |
|
16
|
17
|
Total Other Noncurrent Assets |
|
910
|
915
|
Total Assets |
|
6,268
|
6,300
|
Current Liabilities |
|
|
|
Short-term debt |
|
207
|
169
|
Long-term debt due within one year |
|
94
|
194
|
Accounts payable |
|
115
|
148
|
Accounts payable to affiliates |
|
22
|
26
|
Taxes |
|
12
|
40
|
Price risk management liabilities |
|
4
|
4
|
Interest |
|
24
|
11
|
Customer deposits |
|
27
|
27
|
Regulatory liabilities |
|
5
|
5
|
Asset retirement obligations |
|
29
|
41
|
Other current liabilities |
|
27
|
36
|
Total Current Liabilities |
|
566
|
701
|
Long-term Debt |
|
|
|
Long-term Debt |
|
1,524
|
1,423
|
Deferred Credits and Other Noncurrent Liabilities |
|
|
|
Deferred income taxes |
|
1,006
|
974
|
Investment tax credits |
|
36
|
36
|
Accrued pension obligations |
|
50
|
53
|
Asset retirement obligations |
|
114
|
104
|
Regulatory liabilities |
|
419
|
419
|
Price risk management liabilities |
|
25
|
27
|
Other deferred credits and noncurrent liabilities |
|
85
|
87
|
Total Deferred Credits and Other Noncurrent Liabilities |
|
1,735
|
1,700
|
Commitments and Contingent Liabilities |
|
|
|
Equity |
|
|
|
Common stock |
[3] |
424
|
424
|
Additional paid-in capital |
|
1,682
|
1,682
|
Earnings reinvested |
|
337
|
370
|
Total Equity |
|
2,443
|
2,476
|
Total Liabilities and Equity |
|
6,268
|
6,300
|
Kentucky Utilities Co [Member] |
|
|
|
Assets |
|
|
|
Cash and cash equivalents |
|
7
|
7
|
Accounts receivable (less reserve:) |
|
|
|
Customer |
|
118
|
126
|
Other |
|
13
|
5
|
Unbilled revenues |
|
82
|
95
|
Fuel, materials and supplies |
|
146
|
154
|
Prepayments |
|
12
|
12
|
Regulatory assets |
|
11
|
11
|
Other current assets |
|
5
|
3
|
Total Current Assets |
|
394
|
413
|
Property, Plant and Equipment |
|
|
|
Regulated utility plant |
|
7,405
|
7,382
|
Less: accumulated depreciation - regulated utility plant |
|
1,014
|
965
|
Regulated utility plant, net |
|
6,391
|
6,417
|
Construction work in progress |
|
219
|
181
|
Property, Plant and Equipment, net |
|
6,610
|
6,598
|
Other Noncurrent Assets |
|
|
|
Regulatory assets |
|
380
|
374
|
Goodwill |
|
607
|
607
|
Other intangibles |
|
36
|
36
|
Other noncurrent assets |
|
59
|
57
|
Total Other Noncurrent Assets |
|
1,082
|
1,074
|
Total Assets |
|
8,086
|
8,085
|
Current Liabilities |
|
|
|
Short-term debt |
|
36
|
16
|
Accounts payable |
|
76
|
78
|
Accounts payable to affiliates |
|
50
|
56
|
Taxes |
|
11
|
45
|
Interest |
|
38
|
16
|
Customer deposits |
|
29
|
29
|
Regulatory liabilities |
|
11
|
13
|
Asset retirement obligations |
|
29
|
19
|
Other current liabilities |
|
27
|
36
|
Total Current Liabilities |
|
307
|
308
|
Long-term Debt |
|
|
|
Long-term Debt |
|
2,327
|
2,327
|
Deferred Credits and Other Noncurrent Liabilities |
|
|
|
Deferred income taxes |
|
1,208
|
1,170
|
Investment tax credits |
|
95
|
96
|
Accrued pension obligations |
|
44
|
62
|
Asset retirement obligations |
|
260
|
269
|
Regulatory liabilities |
|
478
|
480
|
Other deferred credits and noncurrent liabilities |
|
50
|
50
|
Total Deferred Credits and Other Noncurrent Liabilities |
|
2,135
|
2,127
|
Commitments and Contingent Liabilities |
|
|
|
Equity |
|
|
|
Common stock |
[4] |
308
|
308
|
Additional paid-in capital |
|
2,616
|
2,616
|
Earnings reinvested |
|
393
|
400
|
Accumulated other comprehensive loss |
|
0
|
(1)
|
Total Equity |
|
3,317
|
3,323
|
Total Liabilities and Equity |
|
$ 8,086
|
$ 8,085
|
|
|