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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Revenues      
Operating Revenues $ 7,902 $ 5,783 $ 5,474
Operation      
Fuel 931 710 632
Energy purchases 1,686 752 634
Other operation and maintenance 2,398 1,608 1,420
Depreciation 1,181 1,082 1,022
Taxes, other than income 332 207 180
Total Operating Expenses 6,528 4,359 3,888
Operating Income 1,374 1,424 1,586
Other Income (Expense) - net 54 15 2
Interest Expense 513 918 634
Income from Continuing Operations Before Income Taxes 915 521 954
Income Taxes 201 503 314
Income from Continuing Operations After Income Taxes 714 18 640
Income (Loss) from Discontinued Operations (net of income taxes) 42 (1,498) 829
Net income (Loss) $ 756 $ (1,480) $ 1,469
Earnings per Share of Common Stock [Abstract]      
Income from Continuing Operations After Income Taxes, Per Basic Share $ 0.97 $ 0.03 $ 0.83
Income (Loss) from Discontinued Operation ( net of income taxes), Per Basic Shares 0.06 (1.96) 1.08
Net Income (Loss) Available to PPL Common , Per Basic shares 1.03 (1.93) 1.91
Income from Continuing Operations After Income Taxes, Per Diluted Share 0.96 0.03 0.83
Net Income (Loss) Available to PPL Common Shareowners, Per Diluted Shares 1.02 (1.93) 1.91
Income (Loss) from Discontinued Operations (net of income taxes), Per Diluted Shares $ 0.06 $ (1.96) $ 1.08
Weighted-Average Shares of Common Stock Outstanding (in thousands)      
Basic 736,027 762,902 768,590
Diluted 736,902 764,819 769,384
PPL Electric Utilities Corp [Member]      
Operating Revenues      
Operating Revenues $ 3,030 $ 2,402 $ 2,331
Operation      
Energy purchases 1,048 566 491
Other operation and maintenance 605 557 513
Depreciation 393 424 403
Taxes, other than income 149 120 107
Total Operating Expenses 2,195 1,667 1,514
Operating Income 835 735 817
Interest Income from Affiliate 5 5 2
Other Income (Expense) - net 30 21 18
Interest Expense 171 162 173
Income from Continuing Operations Before Income Taxes 699 599 664
Income Taxes 174 154 167
Net income (Loss) [1] 525 445 497
Louisville Gas And Electric Co [Member]      
Operating Revenues      
Retail and wholesale 1,762 1,545 1,435
Electric revenue from affiliates 36 24 21
Operating Revenues 1,798 1,569 1,456
Operation      
Fuel 346 265 246
Energy purchases 245 167 125
Energy purchases from affiliate 25 23 19
Other operation and maintenance 416 400 373
Depreciation 298 279 259
Taxes, other than income 48 46 40
Total Operating Expenses 1,378 1,180 1,062
Operating Income 420 389 394
Other Income (Expense) - net 4 (5) (1)
Interest Expense 89 81 87
Income from Continuing Operations Before Income Taxes 335 303 306
Income Taxes 63 54 62
Net income (Loss) [2] 272 249 244
Kentucky Utilities Co [Member]      
Operating Revenues      
Retail and wholesale 2,049 1,803 1,671
Electric revenue from affiliates 25 23 19
Operating Revenues 2,074 1,826 1,690
Operation      
Fuel 585 445 386
Energy purchases 28 19 18
Energy purchases from affiliate 36 24 21
Other operation and maintenance 487 463 429
Depreciation 386 366 346
Taxes, other than income 45 41 37
Total Operating Expenses 1,567 1,358 1,237
Operating Income 507 468 453
Other Income (Expense) - net 8 4 3
Interest Expense 117 109 113
Income from Continuing Operations Before Income Taxes 398 363 343
Income Taxes 76 67 63
Net income (Loss) [3] $ 322 $ 296 $ 280
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.