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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current Assets    
Cash and cash equivalents $ 621 $ 485
Accounts receivable (less reserve:)    
Customer 663 681
Other 107 100
Unbilled revenues 496 543
Fuel, materials and supplies 303 320
Prepayments 70 66
Price risk management assets 109 49
Regulatory assets 36 34
Other current assets 63 50
Total Current Assets 2,432 2,294
Property, Plant and Equipment    
Regulated utility plant 39,734 38,228
Less: accumulated depreciation - regulated utility plant 7,310 6,785
Regulated utility plant, net 32,424 31,443
Non-regulated property, plant and equipment 355 384
Less: accumulated depreciation - non-regulated property, plant and equipment 101 110
Non-regulated property, plant and equipment, net 254 274
Construction work in progress 1,780 1,375
Property, Plant and Equipment, net 34,458 33,092
Other Noncurrent Assets    
Regulatory assets 1,673 1,504
Goodwill 3,162 3,258
Other intangibles 716 697
Pension benefit asset 535 284
Price risk management assets 228 215
Other noncurrent assets 192 135
Total Other Noncurrent Assets 6,506 6,093
Total Assets 43,396 41,479
Current Liabilities    
Short-term debt 1,430 1,080
Long-term debt due within one year 530 348
Accounts payable 989 924
Taxes 110 105
Interest 278 282
Dividends 296 273
Customer deposits 257 292
Regulatory liabilities 122 95
Other current liabilities 551 624
Total Current Liabilities 4,563 4,023
Long-term Debt [Abstract]    
Long-term Debt 20,069 19,847
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 2,796 2,462
Investment tax credits 126 129
Accrued pension obligations 771 800
Asset retirement obligations 264 312
Regulatory liabilities 2,714 2,704
Other deferred credits and noncurrent liabilities 436 441
Total Deferred Credits and Other Noncurrent Liabilities 7,107 6,848
Equity    
Common stock [1] 7 7
Additional paid-in capital 11,021 10,305
Earnings reinvested 4,593 3,871
Accumulated other comprehensive loss (3,964) (3,422)
Total Equity 11,657 10,761
Total Liabilities and Equity 43,396 41,479
PPL Electric Utilities Corp [Member]    
Current Assets    
Cash and cash equivalents 267 49
Accounts receivable (less reserve:)    
Customer 264 279
Other 38 71
Accounts receivable from affiliates 11 0
Unbilled revenues 120 127
Fuel, materials and supplies 25 34
Prepayments 5 6
Regulatory assets 11 16
Other current assets 9 6
Total Current Assets 750 588
Property, Plant and Equipment    
Regulated utility plant 11,637 10,785
Less: accumulated depreciation - regulated utility plant 2,856 2,778
Regulated utility plant, net 8,781 8,007
Construction work in progress 586 508
Property, Plant and Equipment, net 9,367 8,515
Other Noncurrent Assets    
Regulatory assets 824 709
Other intangibles 260 259
Other noncurrent assets 42 11
Total Other Noncurrent Assets 1,126 979
Total Assets 11,243 10,082
Current Liabilities    
Long-term debt due within one year 0 0
Accounts payable 418 386
Accounts payable to affiliates 25 31
Taxes 12 8
Interest 37 36
Regulatory liabilities 74 86
Other current liabilities 101 98
Total Current Liabilities 667 645
Long-term Debt [Abstract]    
Long-term Debt 3,694 3,298
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,320 1,154
Accrued pension obligations 282 246
Regulatory liabilities 675 668
Other deferred credits and noncurrent liabilities 144 79
Total Deferred Credits and Other Noncurrent Liabilities 2,421 2,147
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 3,158 2,729
Earnings reinvested 939 899
Total Equity 4,461 3,992
Total Liabilities and Equity 11,243 10,082
LG And E And KU Energy LLC [Member]    
Current Assets    
Cash and cash equivalents 24 30
Accounts receivable (less reserve:)    
Customer 239 246
Other 63 44
Unbilled revenues 169 203
Fuel, materials and supplies 248 254
Prepayments 25 25
Regulatory assets 25 18
Other current assets 0 8
Total Current Assets 793 828
Property, Plant and Equipment    
Regulated utility plant 13,721 13,187
Less: accumulated depreciation - regulated utility plant 2,125 1,785
Regulated utility plant, net 11,596 11,402
Construction work in progress 1,018 627
Property, Plant and Equipment, net 12,614 12,029
Other Noncurrent Assets    
Regulatory assets 849 795
Goodwill 996 996
Other intangibles 78 86
Other noncurrent assets 82 68
Total Other Noncurrent Assets 2,005 1,945
Total Assets 15,412 14,802
Current Liabilities    
Short-term debt 514 244
Long-term debt due within one year 530 98
Notes payable with affiliates 113 225
Accounts payable 366 338
Accounts payable to affiliates 9 7
Taxes 63 66
Interest 32 32
Asset Retirement Obligations 82 85
Price risk management liabilities 4 4
Customer deposits 61 58
Regulatory liabilities 48 9
Other current liabilities 126 161
Total Current Liabilities 1,948 1,327
Long-term Debt [Abstract]    
Long-term debt 4,322 4,661
Long-term debt to affiliate 650 400
Long-term Debt 4,972 5,061
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 956 866
Investment tax credits 126 129
Price risk management liabilities 16 22
Accrued pension obligations 282 365
Asset retirement obligations 214 271
Regulatory liabilities 2,039 2,036
Other deferred credits and noncurrent liabilities 136 162
Total Deferred Credits and Other Noncurrent Liabilities 3,769 3,851
Commitments and Contingent Liabilities
Equity    
Accumulated other comprehensive loss (89) (88)
Member's Equity 4,723 4,563
Total Liabilities and Equity 15,412 14,802
Louisville Gas And Electric Co [Member]    
Current Assets    
Cash and cash equivalents 10 15
Accounts receivable (less reserve:)    
Customer 110 116
Other 30 13
Accounts receivable from affiliates 24 24
Unbilled revenues 77 91
Fuel, materials and supplies 127 131
Prepayments 12 11
Regulatory assets 21 12
Other current assets 0 3
Total Current Assets 411 416
Property, Plant and Equipment    
Regulated utility plant 5,816 5,587
Less: accumulated depreciation - regulated utility plant 741 614
Regulated utility plant, net 5,075 4,973
Construction work in progress 514 305
Property, Plant and Equipment, net 5,589 5,278
Other Noncurrent Assets    
Regulatory assets 431 411
Goodwill 389 389
Other intangibles 47 53
Other noncurrent assets 16 12
Total Other Noncurrent Assets 883 865
Total Assets 6,883 6,559
Current Liabilities    
Short-term debt 279 199
Long-term debt due within one year 434 98
Accounts payable 172 179
Accounts payable to affiliates 26 23
Taxes 26 25
Interest 11 11
Asset Retirement Obligations 23 24
Price risk management liabilities 4 4
Customer deposits 29 27
Regulatory liabilities 17 3
Other current liabilities 39 52
Total Current Liabilities 1,060 645
Long-term Debt [Abstract]    
Long-term Debt 1,375 1,611
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 628 572
Investment tax credits 34 35
Price risk management liabilities 16 22
Accrued pension obligations 11 45
Asset retirement obligations 80 97
Regulatory liabilities 915 919
Other deferred credits and noncurrent liabilities 77 86
Total Deferred Credits and Other Noncurrent Liabilities 1,761 1,776
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,795 1,712
Earnings reinvested 468 391
Total Equity 2,687 2,527
Total Liabilities and Equity 6,883 6,559
Kentucky Utilities Co [Member]    
Current Assets    
Cash and cash equivalents 14 15
Accounts receivable (less reserve:)    
Customer 129 130
Other 34 30
Unbilled revenues 92 112
Fuel, materials and supplies 121 123
Prepayments 11 14
Regulatory assets 4 6
Other current assets 0 5
Total Current Assets 405 435
Property, Plant and Equipment    
Regulated utility plant 7,895 7,592
Less: accumulated depreciation - regulated utility plant 1,382 1,170
Regulated utility plant, net 6,513 6,422
Construction work in progress 503 321
Property, Plant and Equipment, net 7,016 6,743
Other Noncurrent Assets    
Regulatory assets 418 384
Goodwill 607 607
Other intangibles 31 33
Other noncurrent assets 63 52
Total Other Noncurrent Assets 1,119 1,076
Total Assets 8,540 8,254
Current Liabilities    
Short-term debt 235 45
Long-term debt due within one year 96 0
Accounts payable 171 137
Accounts payable to affiliates 53 53
Taxes 24 19
Interest 16 16
Asset Retirement Obligations 59 61
Customer deposits 32 31
Regulatory liabilities 31 6
Other current liabilities 35 46
Total Current Liabilities 752 414
Long-term Debt [Abstract]    
Long-term Debt 2,225 2,328
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 735 691
Investment tax credits 92 94
Accrued pension obligations 1 36
Asset retirement obligations 134 174
Regulatory liabilities 1,124 1,117
Other deferred credits and noncurrent liabilities 35 43
Total Deferred Credits and Other Noncurrent Liabilities 2,121 2,155
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,661 2,616
Earnings reinvested 473 433
Total Equity 3,442 3,357
Total Liabilities and Equity $ 8,540 $ 8,254
[1] 1,560,000 shares authorized; 720,323 and 693,398 shares issued and outstanding at December 31, 2018 and December 31, 2017.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at December 31, 2018 and December 31, 2017
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at December 31, 2018 and December 31, 2017.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at December 31, 2018 and December 31, 2017.