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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Revenues      
Operating Revenues $ 7,607 $ 7,769 $ 7,785
Operation      
Fuel 632 709 799
Energy purchases 634 723 745
Other operation and maintenance 1,944 1,985 1,983
Depreciation 1,287 1,199 1,094
Taxes, other than income 307 313 312
Total Operating Expenses 4,804 4,929 4,933
Operating Income 2,803 2,840 2,852
Other Income (Expense) - net 169 309 396
Interest Expense 1,001 994 963
Income Before Income Taxes 1,971 2,155 2,285
Income Taxes 502 409 458
Net income $ 1,469 $ 1,746 $ 1,827
Net Income Available to PPL Common Shareowners      
Basic (in dollars per share) $ 1.91 $ 2.39 $ 2.59
Diluted (in dollars per share) $ 1.91 $ 2.37 $ 2.58
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 768,590 728,512 704,439
Diluted 769,384 736,754 708,619
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 2,331 $ 2,358 $ 2,277
Operation      
Energy purchases 491 549 544
Other operation and maintenance 513 566 578
Depreciation 403 386 352
Taxes, other than income 107 112 109
Total Operating Expenses 1,514 1,613 1,583
Operating Income 817 745 694
Other Income (Expense) - net 18 25 23
Interest Income from Affiliate 2 6 8
Interest Expense 173 170 159
Income Before Income Taxes 664 606 566
Income Taxes 167 149 136
Net income [1] 497 457 430
LG And E And KU Energy LLC [Member]      
Operating Revenues      
Operating Revenues 3,106 3,206 3,214
Operation      
Fuel 632 709 799
Energy purchases 143 174 201
Other operation and maintenance 834 861 848
Depreciation 606 547 475
Taxes, other than income 77 74 70
Total Operating Expenses 2,292 2,365 2,393
Operating Income 814 841 821
Other Income (Expense) - net 2 (13) (16)
Interest Expense 223 226 206
Interest Expense with Affiliates 37 31 25
Income Before Income Taxes 556 571 574
Income Taxes 106 103 129
Net income 450 468 445
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,435 1,473 1,467
Electric revenue from affiliates 21 27 29
Operating Revenues 1,456 1,500 1,496
Operation      
Fuel 246 289 308
Energy purchases 125 154 183
Energy purchases from affiliate 19 7 13
Other operation and maintenance 373 387 376
Depreciation 259 231 195
Taxes, other than income 40 39 36
Total Operating Expenses 1,062 1,107 1,111
Operating Income 394 393 385
Other Income (Expense) - net (1) (11) (12)
Interest Expense 87 87 76
Income Before Income Taxes 306 295 297
Income Taxes 62 63 64
Net income [2] 244 232 233
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 1,671 1,733 1,747
Electric revenue from affiliates 19 7 13
Operating Revenues 1,690 1,740 1,760
Operation      
Fuel 386 420 491
Energy purchases 18 20 18
Energy purchases from affiliate 21 27 29
Other operation and maintenance 429 438 441
Depreciation 346 315 279
Taxes, other than income 37 35 34
Total Operating Expenses 1,237 1,255 1,292
Operating Income 453 485 468
Other Income (Expense) - net 3 (4) (6)
Interest Expense 113 109 100
Income Before Income Taxes 343 372 362
Income Taxes 63 79 76
Net income [3] $ 280 $ 293 $ 286
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.