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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 331 $ 356
Accounts receivable (less reserve:)    
Customer 950 896
Other 271 150
Unbilled revenues 428 552
Fuel, materials and supplies 505 443
Prepayments 103 92
Regulatory assets 293 258
Other current assets 51 77
Total Current Assets 2,932 2,824
Property, Plant and Equipment    
Regulated utility plant 38,608 36,961
Less: accumulated depreciation - regulated utility plant 9,156 8,352
Regulated utility plant, net 29,452 28,609
Non-regulated property, plant and equipment 72 92
Less: accumulated depreciation - non-regulated property, plant and equipment 23 46
Non-regulated property, plant and equipment, net 49 46
Construction work in progress 1,917 1,583
Property, Plant and Equipment, net 31,418 30,238
Other Noncurrent Assets    
Regulatory assets 1,874 1,819
Goodwill 2,247 2,248
Other intangibles 306 313
Other noncurrent assets 459 395
Total Other Noncurrent Assets 4,886 4,775
Total Assets 39,236 37,837
Current Liabilities    
Short-term debt 992 985
Long-term debt due within one year 1 354
Accounts payable 1,104 1,201
Taxes 130 124
Interest 124 97
Dividends 173 166
Regulatory liabilities 225 238
Other current liabilities 591 624
Total Current Liabilities 3,340 3,789
Long-term Debt [Abstract]    
Long-term Debt 14,611 12,889
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,105 3,007
Investment tax credits 114 117
Accrued pension obligations 275 206
Asset retirement obligations 133 138
Regulatory liabilities 3,340 3,412
Other deferred credits and noncurrent liabilities 385 361
Total Deferred Credits and Other Noncurrent Liabilities 7,352 7,241
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,326 12,317
Earnings reinvested 2,710 2,681
Accumulated other comprehensive loss (163) (124)
Total Shareowners' Common Equity 13,933 13,915
Noncontrolling interests 0 3
Total Equity 13,933 13,918
Total Liabilities and Equity $ 39,236 $ 37,837
Common stock par value $ 0.01 $ 0.01
Treasury Stock $ (948) $ (967)
PPL Electric Utilities Corp [Member]    
Current Assets    
Cash and cash equivalents 51 25
Accounts receivable (less reserve:)    
Other 8 12
Unbilled revenues 149 224
Fuel, materials and supplies 99 69
Prepayments 44 34
Regulatory assets 57 13
Other current assets 17 22
Total Current Assets 869 759
Property, Plant and Equipment    
Regulated utility plant 15,575 14,794
Less: accumulated depreciation - regulated utility plant 3,822 3,544
Regulated utility plant, net 11,753 11,250
Construction work in progress 680 593
Property, Plant and Equipment, net 12,433 11,843
Other Noncurrent Assets    
Regulatory assets 598 568
Other intangibles 269 269
Other noncurrent assets 125 126
Total Other Noncurrent Assets 992 963
Total Assets 14,294 13,565
Current Liabilities    
Short-term debt 509 145
Long-term debt due within one year 0 340
Taxes 51 36
Interest 43 35
Regulatory liabilities 91 85
Other current liabilities 100 86
Total Current Liabilities 1,292 1,223
Long-term Debt [Abstract]    
Long-term Debt 4,567 4,146
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,573 1,514
Regulatory liabilities 836 820
Other deferred credits and noncurrent liabilities 123 111
Total Deferred Credits and Other Noncurrent Liabilities 2,532 2,445
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,040 4,084
Earnings reinvested 1,499 1,303
Total Shareowners' Common Equity 5,903 5,751
Total Liabilities and Equity $ 14,294 $ 13,565
Common stock no par value $ 0 $ 0
PPL Electric Utilities Corp [Member] | Related Party    
Accounts receivable (less reserve:)    
Customer $ 10 $ 3
Current Liabilities    
Accounts payable 44 16
PPL Electric Utilities Corp [Member] | Nonrelated Party    
Accounts receivable (less reserve:)    
Customer 434 357
Current Liabilities    
Accounts payable 454 480
Louisville Gas And Electric Co [Member]    
Current Assets    
Cash and cash equivalents 18 93
Accounts receivable (less reserve:)    
Other 17 13
Unbilled revenues 88 112
Fuel, materials and supplies 143 166
Prepayments 11 13
Regulatory assets 7 23
Other current assets 0 2
Total Current Assets 429 616
Property, Plant and Equipment    
Regulated utility plant 7,669 7,429
Less: accumulated depreciation - regulated utility plant 1,549 1,355
Regulated utility plant, net 6,120 6,074
Construction work in progress 312 268
Property, Plant and Equipment, net 6,432 6,342
Other Noncurrent Assets    
Regulatory assets 395 373
Goodwill 389 389
Other intangibles 18 24
Other noncurrent assets 90 66
Total Other Noncurrent Assets 892 852
Total Assets 7,753 7,810
Current Liabilities    
Short-term debt 0 179
Long-term debt due within one year 0 0
Taxes 41 41
Interest 21 15
Asset Retirement Obligations 13 13
Price risk management liabilities 1 1
Customer deposits 34 32
Regulatory liabilities 16 7
Other current liabilities 47 46
Total Current Liabilities 337 559
Long-term Debt [Abstract]    
Long-term Debt 2,469 2,307
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 776 771
Investment tax credits 31 31
Price risk management liabilities 6 6
Asset retirement obligations 72 73
Regulatory liabilities 827 833
Other deferred credits and noncurrent liabilities 63 64
Total Deferred Credits and Other Noncurrent Liabilities 1,775 1,778
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,993 2,087
Earnings reinvested 755 655
Total Shareowners' Common Equity 3,172 3,166
Total Liabilities and Equity $ 7,753 $ 7,810
Common stock no par value $ 0 $ 0
Louisville Gas And Electric Co [Member] | Related Party    
Accounts receivable (less reserve:)    
Customer $ 29 $ 37
Current Liabilities    
Accounts payable 49 60
Louisville Gas And Electric Co [Member] | Nonrelated Party    
Accounts receivable (less reserve:)    
Customer 116 157
Current Liabilities    
Accounts payable 115 165
Kentucky Utilities Co [Member]    
Current Assets    
Cash and cash equivalents 14 21
Accounts receivable (less reserve:)    
Customer 143 158
Other 12 13
Unbilled revenues 97 114
Fuel, materials and supplies 185 167
Prepayments 13 14
Regulatory assets 3 32
Other current assets 1 1
Total Current Assets 468 520
Property, Plant and Equipment    
Regulated utility plant 9,896 9,515
Less: accumulated depreciation - regulated utility plant 2,476 2,201
Regulated utility plant, net 7,420 7,314
Construction work in progress 604 522
Property, Plant and Equipment, net 8,024 7,836
Other Noncurrent Assets    
Regulatory assets 439 442
Goodwill 607 607
Other intangibles 19 21
Other noncurrent assets 157 116
Total Other Noncurrent Assets 1,222 1,186
Total Assets 9,714 9,542
Current Liabilities    
Short-term debt 93 101
Long-term debt due within one year 0 13
Taxes 32 26
Interest 24 19
Asset Retirement Obligations 13 26
Customer deposits 35 33
Regulatory liabilities 1 6
Other current liabilities 52 51
Total Current Liabilities 402 499
Long-term Debt [Abstract]    
Long-term Debt 3,064 2,907
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 912 896
Investment tax credits 83 85
Asset retirement obligations 53 56
Regulatory liabilities 1,018 1,029
Other deferred credits and noncurrent liabilities 30 32
Total Deferred Credits and Other Noncurrent Liabilities 2,096 2,098
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 3,033 3,041
Earnings reinvested 811 689
Total Shareowners' Common Equity 4,152 4,038
Total Liabilities and Equity $ 9,714 $ 9,542
Common stock no par value $ 0 $ 0
Kentucky Utilities Co [Member] | Related Party    
Current Liabilities    
Accounts payable $ 72 $ 101
Kentucky Utilities Co [Member] | Nonrelated Party    
Current Liabilities    
Accounts payable $ 80 $ 123
[1] 1,560,000 shares authorized; 770,013 shares issued and 737,130 shares outstanding at December 31, 2023. 1,560,000 shares authorized; 770,013 shares issued and 736,487 shares outstanding at December 31, 2022.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at December 31, 2023 and December 31, 2022
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at December 31, 2023 and December 31, 2022.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at December 31, 2023 and December 31, 2022.