XML 137 R74.htm IDEA: XBRL DOCUMENT v3.22.4
Financing Activities - Long-term Debt (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Sep. 30, 2022
Sep. 16, 2022
Aug. 31, 2022
Jul. 29, 2022
Debt Instrument [Line Items]              
Principal outstanding $ 13,353 $ 11,251          
Unamortized premium and (discount), net (32) (34)          
Unamortized debt issuance costs (78) (77)          
Total Long-term Debt 13,243 11,140          
Less current portion of Long-term debt 354 474          
Long-term Debt 12,889 10,666          
Aggregate maturities of long-term debt (Details) [Abstract]              
2022 354            
2023 1,501            
2024 551            
2025 904            
2026 303            
Thereafter 9,740            
Loss on Extinguishment of Debt $ 0 (395) $ 0        
Senior Unsecured Notes [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 3.95%            
Principal outstanding $ 3,066 1,566          
Senior Secured Notes - First Mortgage Bonds [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 4.06%            
Principal outstanding $ 8,957 9,205          
Junior Subordinated Notes [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 7.39%            
Principal outstanding $ 480 480          
Term Loan Credit Facility [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 5.21%            
Principal outstanding $ 850 0          
First Mortgage Bonds [Member] | Tax Exempt Revenue Bonds [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate amount of tax-exempt revenue bonds in a term rate mode 782            
PPL Capital Funding [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 1,450            
PPL Electric [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 900            
PPL Electric [Member] | Term Loan Credit Facility [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 250       $ 250    
Interest rate on outstanding borrowing         3.77%    
PPL Electric [Member] | LCIDA Pollution Control Revenue Refunding Bonds 2016 Series B | Remarketed [Member]              
Long-term Debt (Numeric) [Abstract]              
Principal amount           $ 108  
Stated interest rate           2.63%  
PPL Electric [Member] | LCIDA Pollution Control Revenue Refunding Bonds 2016 Series A | Remarketed [Member]              
Long-term Debt (Numeric) [Abstract]              
Principal amount       $ 116      
Stated interest rate       3.00%      
PPL Electric [Member] | Senior Secured Notes - First Mortgage Bonds [Member] | Currently Able To Be Called              
Debt Instrument [Line Items]              
Principal outstanding 250            
PPL Electric [Member] | Senior Secured Notes - First Mortgage Bonds [Member] | Mortgage Indenture [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate carrying value of property subject to lien 11,800 11,300          
LGE [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 800            
LGE [Member] | Term Loan Credit Facility [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 300           $ 300
Interest rate on outstanding borrowing             3.23%
LGE [Member] | First Mortgage Bonds [Member] | 2010 Mortgage Indenture [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate carrying value of property subject to lien $ 5,800 5,700          
LGE [Member] | First Mortgage Bonds [Member] | Tax Exempt Revenue Bonds [Member]              
Long-term Debt (Numeric) [Abstract]              
Minimum length of time to convert interest rate mode 1 year            
Aggregate amount of tax-exempt revenue bonds in a variable rate mode $ 66            
KU [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 700            
KU [Member] | Term Loan Credit Facility [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity 300           $ 300
Interest rate on outstanding borrowing             3.23%
KU [Member] | First Mortgage Bonds [Member] | 2010 Mortgage Indenture [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate carrying value of property subject to lien $ 7,100 6,900          
KU [Member] | First Mortgage Bonds [Member] | Tax Exempt Revenue Bonds [Member]              
Long-term Debt (Numeric) [Abstract]              
Minimum length of time to convert interest rate mode 1 year            
Aggregate amount of tax-exempt revenue bonds in a variable rate mode $ 33            
PPL Electric Utilities Corp [Member]              
Debt Instrument [Line Items]              
Principal outstanding 4,539 4,539          
Unamortized discount (22) (22)          
Unamortized debt issuance costs (31) (33)          
Total Long-term Debt 4,486 4,484          
Less current portion of Long-term debt 340 474          
Long-term Debt 4,146 4,010          
Aggregate maturities of long-term debt (Details) [Abstract]              
2022 340            
2023 900            
2024 0            
2025 0            
2026 108            
Thereafter 3,191            
Capacity 900            
PPL Electric Utilities Corp [Member] | Term Loan Credit Facility [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity $ 250       $ 250    
Interest rate on outstanding borrowing         3.77%    
PPL Electric Utilities Corp [Member] | LCIDA Pollution Control Revenue Refunding Bonds 2016 Series B | Remarketed [Member]              
Long-term Debt (Numeric) [Abstract]              
Principal amount           $ 108  
Stated interest rate           2.63%  
PPL Electric Utilities Corp [Member] | LCIDA Pollution Control Revenue Refunding Bonds 2016 Series A | Remarketed [Member]              
Long-term Debt (Numeric) [Abstract]              
Principal amount       $ 116      
Stated interest rate       3.00%      
PPL Electric Utilities Corp [Member] | Senior Secured Notes - First Mortgage Bonds [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 4.26%            
Principal outstanding $ 4,289 4,539          
PPL Electric Utilities Corp [Member] | Senior Secured Notes - First Mortgage Bonds [Member] | Currently Able To Be Called              
Debt Instrument [Line Items]              
Principal outstanding 250            
PPL Electric Utilities Corp [Member] | Senior Secured Notes - First Mortgage Bonds [Member] | Mortgage Indenture [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate carrying value of property subject to lien $ 11,800 11,300          
PPL Electric Utilities Corp [Member] | Term Loan Credit Facility [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 5.17%            
Principal outstanding $ 250 0          
Louisville Gas And Electric Co [Member]              
Debt Instrument [Line Items]              
Principal outstanding 2,324 2,024          
Unamortized discount (4) (4)          
Unamortized debt issuance costs (13) (14)          
Total Long-term Debt 2,307 2,006          
Less current portion of Long-term debt 0 0          
Long-term Debt 2,307 2,006          
Aggregate maturities of long-term debt (Details) [Abstract]              
2022 0            
2023 300            
2024 300            
2025 90            
2026 195            
Thereafter 1,439            
Capacity 800            
Louisville Gas And Electric Co [Member] | Term Loan Credit Facility [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity $ 300           $ 300
Interest rate on outstanding borrowing             3.23%
Louisville Gas And Electric Co [Member] | Term Loan Credit Facility [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 5.22%            
Principal outstanding $ 300 0          
Louisville Gas And Electric Co [Member] | First Mortgage Bonds [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 3.70%            
Principal outstanding $ 2,024 2,024          
Louisville Gas And Electric Co [Member] | First Mortgage Bonds [Member] | 2010 Mortgage Indenture [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate carrying value of property subject to lien $ 5,800 5,700          
Louisville Gas And Electric Co [Member] | First Mortgage Bonds [Member] | Tax Exempt Revenue Bonds [Member]              
Long-term Debt (Numeric) [Abstract]              
Minimum length of time to convert interest rate mode 1 year            
Aggregate amount of tax-exempt revenue bonds in a term rate mode $ 473            
Aggregate amount of tax-exempt revenue bonds in a variable rate mode 66            
Kentucky Utilities Co [Member]              
Debt Instrument [Line Items]              
Principal outstanding 2,942 2,642          
Debt Instrument, Unamortized Premium 5 5          
Unamortized discount (9) (9)          
Unamortized debt issuance costs (18) (20)          
Total Long-term Debt 2,920 2,618          
Less current portion of Long-term debt 13 0          
Long-term Debt 2,907 2,618          
Aggregate maturities of long-term debt (Details) [Abstract]              
2022 13            
2023 300            
2024 250            
2025 164            
2026 0            
Thereafter 2,215            
Capacity 700            
Kentucky Utilities Co [Member] | Term Loan Credit Facility [Member]              
Aggregate maturities of long-term debt (Details) [Abstract]              
Capacity $ 300           $ 300
Interest rate on outstanding borrowing             3.23%
Kentucky Utilities Co [Member] | Term Loan Credit Facility [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 5.22%            
Principal outstanding $ 300 0          
Kentucky Utilities Co [Member] | First Mortgage Bonds [Member]              
Debt Instrument [Line Items]              
Weighted-Average Rate 4.00%            
Principal outstanding $ 2,642 2,642          
Kentucky Utilities Co [Member] | First Mortgage Bonds [Member] | 2010 Mortgage Indenture [Member]              
Long-term Debt (Numeric) [Abstract]              
Aggregate carrying value of property subject to lien $ 7,100 $ 6,900          
Kentucky Utilities Co [Member] | First Mortgage Bonds [Member] | Tax Exempt Revenue Bonds [Member]              
Long-term Debt (Numeric) [Abstract]              
Minimum length of time to convert interest rate mode 1 year            
Aggregate amount of tax-exempt revenue bonds in a term rate mode $ 309            
Aggregate amount of tax-exempt revenue bonds in a variable rate mode $ 33