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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Assets, Current [Abstract]    
Cash and cash equivalents $ 421 $ 442
Accounts receivable (less reserve:)    
Customer 634 603
Other 77 86
Unbilled revenues 225 301
Fuel, materials and supplies 260 302
Prepayments 132 53
Regulatory assets 121 99
Other current assets 32 31
Current assets held for sale 18,425 18,983
Total Current Assets 20,327 20,900
Property, Plant and Equipment    
Regulated utility plant 29,354 29,040
Less:  accumulated depreciation - regulated utility plant 6,156 6,008
Regulated utility plant, net 23,198 23,032
Non-regulated property, plant and equipment 245 237
Less:  accumulated depreciation - non-regulated property, plant and equipment 38 37
Non-regulated property, plant and equipment, net 207 200
Construction work in progress 1,292 1,268
Property, Plant and Equipment, net 24,697 24,500
Other Noncurrent Assets    
Regulatory assets 1,233 1,262
Goodwill 716 716
Other intangibles 348 351
Pension benefit asset 67 24
Other noncurrent assets 393 363
Total Other Noncurrent Assets 2,757 2,716
Total Assets 47,781 48,116
Current Liabilities    
Short-term debt 1,547 1,168
Long-term debt due within one year 976 1,074
Accounts payable 660 745
Taxes 45 69
Interest 182 113
Dividends 320 319
Regulatory liabilities 130 79
Other current liabilities 387 465
Current liabilities held for sale 11,376 11,023
Total Current Liabilities 15,623 15,055
Long-term Debt    
Long-term Debt 13,715 13,615
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,370 2,536
Investment tax credits 121 122
Accrued pension obligations 183 189
Asset retirement obligations 130 132
Regulatory liabilities 2,526 2,530
Other deferred credits and noncurrent liabilities 559 564
Total Deferred Credits and Other Noncurrent Liabilities 6,889 6,073
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,273 12,270
Earnings reinvested 3,155 5,315
Accumulated other comprehensive loss (3,882) (4,220)
Total Equity 11,554 13,373
Total Liabilities and Equity 47,781 48,116
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 29 40
Accounts receivable (less reserve:)    
Customer 346 311
Other 19 17
Accounts receivable from affiliates 10 10
Unbilled revenues 84 121
Fuel, materials and supplies 59 59
Prepayments 87 9
Regulatory assets 47 40
Other current assets 15 13
Total Current Assets 696 620
Property, Plant and Equipment    
Regulated utility plant 13,680 13,514
Less:  accumulated depreciation - regulated utility plant 3,348 3,297
Regulated utility plant, net 10,332 10,217
Construction work in progress 588 592
Property, Plant and Equipment, net 10,920 10,809
Other Noncurrent Assets    
Regulatory assets 525 541
Other intangibles 268 268
Pension benefit asset 42 12
Other noncurrent assets 103 74
Total Other Noncurrent Assets 938 895
Total Assets 12,554 12,324
Current Liabilities    
Short-term debt 205 0
Long-term debt due within one year 400 400
Accounts payable 375 428
Accounts payable to affiliates 71 39
Taxes 10 17
Interest 45 39
Regulatory liabilities 114 68
Other current liabilities 94 105
Total Current Liabilities 1,314 1,096
Long-term Debt    
Long-term Debt 3,837 3,836
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,579 1,559
Accrued pension obligations 8 8
Regulatory liabilities 573 578
Other deferred credits and noncurrent liabilities 121 123
Total Deferred Credits and Other Noncurrent Liabilities 2,281 2,268
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 3,753 3,753
Earnings reinvested 1,005 1,007
Total Equity 5,122 5,124
Total Liabilities and Equity 12,554 12,324
LG And E And KU Energy LLC [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 16 29
Accounts receivable (less reserve:)    
Customer 282 283
Other 52 69
Unbilled revenues 137 176
Fuel, materials and supplies 200 242
Prepayments 27 30
Regulatory assets 74 59
Other current assets 1 4
Total Current Assets 789 892
Property, Plant and Equipment    
Regulated utility plant 15,706 15,557
Less:  accumulated depreciation - regulated utility plant 2,816 2,717
Regulated utility plant, net 12,890 12,840
Construction work in progress 669 640
Property, Plant and Equipment, net 13,559 13,480
Other Noncurrent Assets    
Regulatory assets 708 721
Goodwill 996 996
Other intangibles 59 61
Other noncurrent assets 127 127
Total Other Noncurrent Assets 1,890 1,905
Total Assets 16,238 16,277
Current Liabilities    
Short-term debt 400 465
Long-term debt due within one year 476 674
Notes payable with affiliates 227 251
Accounts payable 261 294
Accounts payable to affiliates 25 16
Taxes 53 71
Price risk management liabilities 1 2
Interest 82 37
Current Customer Deposits 64 64
Regulatory liabilities 16 11
Asset retirement obligations 41 50
Other current liabilities 108 162
Total Current Liabilities 1,754 2,097
Long-term Debt    
Long-term debt 4,399 4,200
Long-term debt to affiliate 1,200 1,200
Long-term Debt 5,599 5,400
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,208 1,175
Investment tax credits 121 121
Accrued pension obligations 106 112
Asset retirement obligations 130 132
Regulatory liabilities 1,953 1,952
Price risk management liabilities 16 21
Other deferred credits and noncurrent liabilities 148 151
Total Deferred Credits and Other Noncurrent Liabilities 3,682 3,664
Commitments and Contingent Liabilities
Equity    
Member's Equity 5,203 5,116
Total Liabilities and Equity 16,238 16,277
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 7 7
Accounts receivable (less reserve:)    
Customer 129 127
Other 25 35
Accounts receivable from affiliates 19 16
Unbilled revenues 60 79
Fuel, materials and supplies 91 119
Prepayments 13 14
Regulatory assets 36 23
Other current assets 1 1
Total Current Assets 381 421
Property, Plant and Equipment    
Regulated utility plant 6,805 6,735
Less:  accumulated depreciation - regulated utility plant 1,056 1,020
Regulated utility plant, net 5,749 5,715
Construction work in progress 319 320
Property, Plant and Equipment, net 6,068 6,035
Other Noncurrent Assets    
Regulatory assets 339 351
Goodwill 389 389
Other intangibles 34 35
Other noncurrent assets 117 114
Total Other Noncurrent Assets 879 889
Total Assets 7,328 7,345
Current Liabilities    
Short-term debt 252 262
Long-term debt due within one year 94 292
Accounts payable 137 153
Accounts payable to affiliates 27 31
Taxes 36 32
Price risk management liabilities 1 2
Interest 33 15
Current Customer Deposits 31 32
Regulatory liabilities 3 0
Asset retirement obligations 14 10
Other current liabilities 33 50
Total Current Liabilities 661 879
Long-term Debt    
Long-term Debt 1,913 1,715
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 719 716
Investment tax credits 33 33
Asset retirement obligations 48 57
Regulatory liabilities 881 882
Price risk management liabilities 16 21
Other deferred credits and noncurrent liabilities 94 94
Total Deferred Credits and Other Noncurrent Liabilities 1,791 1,803
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,923 1,923
Earnings reinvested 616 601
Total Equity 2,963 2,948
Total Liabilities and Equity 7,328 7,345
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 8 22
Accounts receivable (less reserve:)    
Customer 153 156
Other 25 30
Accounts receivable from affiliates 0 1
Unbilled revenues 77 97
Fuel, materials and supplies 109 123
Prepayments 13 15
Regulatory assets 38 36
Other current assets 0 1
Total Current Assets 423 481
Property, Plant and Equipment    
Regulated utility plant 8,886 8,808
Less:  accumulated depreciation - regulated utility plant 1,753 1,690
Regulated utility plant, net 7,133 7,118
Construction work in progress 350 321
Property, Plant and Equipment, net 7,483 7,439
Other Noncurrent Assets    
Regulatory assets 369 370
Goodwill 607 607
Other intangibles 25 26
Other noncurrent assets 153 149
Total Other Noncurrent Assets 1,154 1,152
Total Assets 9,060 9,072
Current Liabilities    
Short-term debt 148 203
Long-term debt due within one year 132 132
Accounts payable 109 121
Accounts payable to affiliates 46 43
Taxes 42 29
Interest 44 19
Current Customer Deposits 33 32
Regulatory liabilities 13 11
Asset retirement obligations 27 40
Other current liabilities 40 59
Total Current Liabilities 634 689
Long-term Debt    
Long-term Debt 2,486 2,486
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 839 835
Investment tax credits 88 88
Asset retirement obligations 82 75
Regulatory liabilities 1,072 1,070
Other deferred credits and noncurrent liabilities 47 47
Total Deferred Credits and Other Noncurrent Liabilities 2,128 2,115
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 2,857 2,857
Earnings reinvested 647 617
Total Equity 3,812 3,782
Total Liabilities and Equity $ 9,060 $ 9,072
[1] 1,560,000 shares authorized; 769,427 and 768,907 shares issued and outstanding at March 31, 2021 and December 31, 2020.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at March 31, 2021 and December 31, 2020.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at March 31, 2021 and December 31, 2020.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at March 31, 2021 and December 31, 2020.