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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Operating Revenues $ 1,881 $ 1,823 $ 4,185 $ 4,238 CloseClose
Operation        
Fuel 181 167 390 368
Energy purchases 275 340 795 1,074
Other operation and maintenance 623 609 1,249 1,168
Depreciation 319 313 635 626
Taxes, other than income 93 89 181 199
Total Operating Expenses 1,491 1,518 3,250 3,435 CloseClose
Operating Income 390 305 935 803 CloseClose
Other Income (Expense) - net 32 5 54 35 CloseCloseCloseCloseCloseClose
Interest Expense 182 165 361 329 CloseCloseCloseClose
Total Other Income Expenses -150.0 0.0 -160.0 -307.0 0.0 Close
Total Other Income Expenses -214.0 0.0 -170.0 -415.0 0.0 Close Close
Total Other Income Expenses 214.0 0.0 170.0 415.0 0.0 Close Close
Total Other Income Expenses 214.0 0.0 170.0 415.0 0.0 Close Close
Income Taxes 50 33 131 112 CloseClose
Income from continuing operations after income taxes     497  
Net Income (Loss) $ 190 $ 112 $ 497 $ 397 Close
Net Income:        
Diluted (in dollars per share) $ 0.26 $ 0.15 $ 0.67 $ 0.54
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 737,748 737,075 737,630 736,953
Diluted (in shares) 739,563 738,177 739,191 737,938
Income from Continuing Operations Before Income Taxes $ 240 $ 145 $ 628 $ 509 CloseClose
Income (Loss) from Continuing Operations After Income Taxes, Basic $ 0.26 $ 0.15 $ 0.67 $ 0.54
Income (Loss) from Continuing Operations after income taxes, Diluted $ 0.26 $ 0.15 $ 0.67 $ 0.54
Rhode Island Regulated        
Operating Revenues        
Operating Revenues $ 389 $ 377 $ 938 $ 942
Operation        
Net Income (Loss) 12 10 76 64
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues 673 667 1,443 1,558
Operation        
Energy purchases 153 204 367 562
Other operation and maintenance 154 141 335 303
Depreciation 100 99 199 198
Taxes, other than income 30 30 66 74
Total Operating Expenses 437 474 967 1,137
Operating Income 236 193 476 421
Other Income (Expense) - net 11 9 20 21
Interest Expense 61 54 123 111
Income Taxes 46 38 94 83 Close
Net Income (Loss) [1] 150 110 299 248 Close
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 196 148 393 331
PPL Electric Utilities Corp [Member] | Related Party        
Operation        
Interest Income from affiliate 10 0 20 0
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Operating Revenues 366 355 842 829
Operation        
Fuel 67 68 153 147
Energy purchases 15 22 86 106
Energy purchases from affiliate 7 2 8 3
Other operation and maintenance 87 93 175 184
Depreciation 77 76 153 151
Taxes, other than income 12 12 25 24
Total Operating Expenses 265 273 600 615
Operating Income 101 82 242 214
Other Income (Expense) - net 4 0 6 2
Interest Expense 26 26 52 51
Income Taxes 17 11 41 34
Net Income (Loss) 62 [2] 45 155 [2] 131
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 79 56 196 165
Louisville Gas And Electric Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 3 8 19 21
Louisville Gas And Electric Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 363 347 823 808
Kentucky Utilities Co [Member]        
Operating Revenues        
Operating Revenues 464 435 989 934
Operation        
Fuel 115 99 238 221
Energy purchases 6 6 12 12
Energy purchases from affiliate 3 8 19 21
Other operation and maintenance 101 117 203 226
Depreciation 101 98 200 196
Taxes, other than income 12 12 24 22
Total Operating Expenses 338 340 696 698
Operating Income 126 95 293 236
Other Income (Expense) - net 4 3 6 5
Interest Expense     67 66
Income Taxes 19 13 46 35
Net Income (Loss) [3] 77 51 185 139
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 96 64 231 174
Kentucky Utilities Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 7 2 8 3
Operation        
Interest Expense 1 1 1 1
Kentucky Utilities Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 457 433 $ 981 $ 931
Operation        
Interest Expense $ 33 $ 33    
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.