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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenues        
Operating Revenues $ 1,933 $ 1,872 $ 5,815 $ 5,846
Operation        
Fuel 194 206 556 609
Energy purchases 150 149 538 538
Other operation and maintenance 480 479 1,452 1,453
Depreciation 306 275 890 817
Taxes, other than income 77 77 232 234
Total Operating Expenses 1,207 1,186 3,668 3,651
Operating Income 726 686 2,147 2,195
Other Income (Expense) - net 126 106 309 297
Interest Expense 259 244 746 718
Income Before Income Taxes 593 548 1,710 1,774
Income Taxes 118 103 328 362
Net Income $ 475 $ 445 $ 1,382 $ 1,412
Net Income:        
Basic (in dollars per share) $ 0.66 $ 0.63 $ 1.91 $ 2.02
Diluted (in dollars per share) $ 0.65 $ 0.62 $ 1.89 $ 2.01
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 722,259 703,730 721,693 699,117
Diluted (in shares) 731,151 710,517 730,677 702,305
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 590 $ 548 $ 1,756 $ 1,704
Operation        
Energy purchases 132 127 413 403
Other operation and maintenance 137 127 417 419
Depreciation 99 89 290 262
Taxes, other than income 29 27 84 81
Total Operating Expenses 397 370 1,204 1,165
Operating Income 193 178 552 539
Other Income (Expense) - net 7 5 18 18
Interest Income from Affiliate 1 4 3 5
Interest Expense 43 41 126 117
Income Before Income Taxes 158 146 447 445
Income Taxes 40 35 114 111
Net Income [1] 118 111 333 334
LG And E And KU Energy LLC [Member]        
Operating Revenues        
Operating Revenues 844 802 2,421 2,417
Operation        
Fuel 194 206 556 609
Energy purchases 19 22 125 135
Other operation and maintenance 205 216 627 632
Depreciation 144 119 402 354
Taxes, other than income 19 18 55 53
Total Operating Expenses 581 581 1,765 1,783
Operating Income 263 221 656 634
Other Income (Expense) - net 2 0 2 (2)
Interest Expense 57 52 169 154
Interest Expense with Affiliate 7 7 23 18
Income Before Income Taxes 201 162 466 460
Income Taxes 43 32 78 102
Net Income [2] 158 130 388 358
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Retail and wholesale 380 357 1,105 1,095
Electric revenue from affiliate 2 5 21 21
Operating Revenues 382 362 1,126 1,116
Operation        
Fuel 79 83 226 234
Energy purchases 14 17 110 121
Energy purchases from affiliate 2 2 6 10
Other operation and maintenance 92 95 282 277
Depreciation 61 49 168 146
Taxes, other than income 10 9 29 27
Total Operating Expenses 258 255 821 815
Operating Income 124 107 305 301
Other Income (Expense) - net 0 (3) (1) (5)
Interest Expense 22 20 65 57
Income Before Income Taxes 102 84 239 239
Income Taxes 22 18 51 51
Net Income 80 [1] 66 [1] 188 [3] 188 [3]
Kentucky Utilities Co [Member]        
Operating Revenues        
Retail and wholesale 464 445 1,316 1,322
Electric revenue from affiliate 2 2 6 10
Operating Revenues 466 447 1,322 1,332
Operation        
Fuel 115 123 330 375
Energy purchases 5 5 15 14
Energy purchases from affiliate 2 5 21 21
Other operation and maintenance 107 114 320 331
Depreciation 83 70 233 208
Taxes, other than income 9 9 26 26
Total Operating Expenses 321 326 945 975
Operating Income 145 121 377 357
Other Income (Expense) - net 4 1 4 1
Interest Expense 28 24 82 74
Income Before Income Taxes 121 98 299 284
Income Taxes 26 21 62 59
Net Income [4] $ 95 $ 77 $ 237 $ 225
[1]
Net income equals comprehensive income.

[2]
Net income approximates comprehensive income.

[3]
Net income equals comprehensive income.
[4]
Net income equals comprehensive income.