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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Assets, Current [Abstract]    
Cash and cash equivalents $ 282 $ 331
Accounts receivable (less reserve:)    
Customer 933 950
Other 109 271
Unbilled revenues 357 428
Fuel, materials and supplies 502 505
Prepayments 211 103
Regulatory Assets, Current 335 293
Other current assets 69 51
Total Current Assets 2,798 2,932
Property, Plant and Equipment    
Regulated utility plant 39,656 38,608
Less:  accumulated depreciation - regulated utility plant 9,482 9,156
Regulated utility plant, net 30,174 29,452
Non-regulated property, plant and equipment 71 72
Less:  accumulated depreciation - non-regulated property, plant and equipment 26 23
Non-regulated property, plant and equipment, net 45 49
Construction work in progress 1,954 1,917
Property, Plant and Equipment, net 32,173 31,418
Other Noncurrent Assets    
Regulatory assets 1,889 1,874
Goodwill 2,247 2,247
Other intangibles 314 306
Other noncurrent assets 418 459
Assets, Noncurrent 4,868 4,886
Total Assets 39,839 39,236
Current Liabilities    
Short-term debt 389 992
Long-term debt due within one year 1 1
Accounts payable 980 1,104
Taxes 109 130
Interest 145 124
Dividends 186 173
Regulatory liabilities 226 225
Other current liabilities 479 591
Liabilities, Current, Total 2,515 3,340
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 15,756 14,611
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 3,263 3,105
Investment tax credits 112 114
Accrued pension obligations 234 275
Asset retirement obligations 137 133
Regulatory liabilities 3,350 3,340
Other deferred credits and noncurrent liabilities 407 385
Total Deferred Credits and Other Noncurrent Liabilities 7,503 7,352
Commitments and Contingent Liabilities
Equity    
Common stock [1] 8 8
Additional paid-in capital 12,321 12,326
Treasury Stock (930) (948)
Earnings reinvested 2,826 2,710
Accumulated other comprehensive loss (160) (163)
Total Equity 14,065 13,933
Total Liabilities and Equity 39,839 39,236
PPL Electric Utilities Corp [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 13 51
Accounts receivable (less reserve:)    
Other 9 8
Unbilled revenues 112 149
Notes Receivable from affiliates 502 0
Fuel, materials and supplies 110 99
Prepayments 132 44
Regulatory Assets, Current 104 57
Other current assets 27 17
Total Current Assets 1,430 869
Property, Plant and Equipment    
Regulated utility plant 15,938 15,575
Less:  accumulated depreciation - regulated utility plant 3,933 3,822
Regulated utility plant, net 12,005 11,753
Construction work in progress 801 680
Property, Plant and Equipment, net 12,806 12,433
Other Noncurrent Assets    
Regulatory assets 607 598
Other intangibles 269 269
Other noncurrent assets 117 125
Assets, Noncurrent 993 992
Total Assets 15,229 14,294
Current Liabilities    
Short-term debt 0 509
Taxes 10 51
Interest 58 43
Regulatory liabilities 86 91
Other current liabilities 88 100
Liabilities, Current, Total 738 1,292
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 5,212 4,567
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 1,643 1,573
Regulatory liabilities 840 836
Other deferred credits and noncurrent liabilities 98 123
Total Deferred Credits and Other Noncurrent Liabilities 2,581 2,532
Commitments and Contingent Liabilities
Equity    
Common stock [2] 364 364
Additional paid-in capital 4,720 4,040
Earnings reinvested 1,614 1,499
Total Equity 6,698 5,903
Total Liabilities and Equity $ 15,229 $ 14,294
Financing Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] CEP Reserves, Inc CEP Reserves, Inc
PPL Electric Utilities Corp [Member] | Related Party    
Accounts receivable (less reserve:)    
Customer $ 8 $ 10
Notes Receivable from affiliates 502 0
Current Liabilities    
Accounts payable 34 44
PPL Electric Utilities Corp [Member] | Nonrelated Party    
Accounts receivable (less reserve:)    
Customer 413 434
Current Liabilities    
Accounts payable 462 454
Louisville Gas And Electric Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 8 18
Accounts receivable (less reserve:)    
Other 22 17
Unbilled revenues 82 88
Fuel, materials and supplies 141 143
Prepayments 15 11
Regulatory Assets, Current 6 7
Other current assets 3 0
Total Current Assets 434 429
Property, Plant and Equipment    
Regulated utility plant 7,780 7,669
Less:  accumulated depreciation - regulated utility plant 1,635 1,549
Regulated utility plant, net 6,145 6,120
Construction work in progress 383 312
Property, Plant and Equipment, net 6,528 6,432
Other Noncurrent Assets    
Regulatory assets 387 395
Goodwill 389 389
Other intangibles 15 18
Other noncurrent assets 92 90
Assets, Noncurrent 883 892
Total Assets 7,845 7,753
Current Liabilities    
Short-term debt $ 10 $ 0
Notes Payable, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Notes Payable to affiliates $ 19 $ 0
Taxes 27 41
Price risk management liabilities current 0 1
Interest 20 21
Current Customer Deposits 35 34
Regulatory liabilities 5 16
Asset Retirement Obligation, Current 11 13
Other current liabilities 44 47
Liabilities, Current, Total 377 337
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 2,470 2,469
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 787 776
Investment tax credits 30 31
Asset retirement obligations 74 72
Regulatory liabilities 822 827
Price risk management liabilities 4 6
Other deferred credits and noncurrent liabilities 65 63
Total Deferred Credits and Other Noncurrent Liabilities 1,782 1,775
Commitments and Contingent Liabilities
Equity    
Common stock [3] 424 424
Additional paid-in capital 1,979 1,993
Earnings reinvested 813 755
Total Equity 3,216 3,172
Total Liabilities and Equity 7,845 7,753
Louisville Gas And Electric Co [Member] | Related Party    
Accounts receivable (less reserve:)    
Customer 39 29
Current Liabilities    
Accounts payable 58 49
Louisville Gas And Electric Co [Member] | Nonrelated Party    
Accounts receivable (less reserve:)    
Customer 118 116
Current Liabilities    
Accounts payable 148 115
Kentucky Utilities Co [Member]    
Assets, Current [Abstract]    
Cash and cash equivalents 11 14
Accounts receivable (less reserve:)    
Customer 157 143
Other 13 12
Unbilled revenues 107 97
Fuel, materials and supplies 171 185
Prepayments 17 13
Regulatory Assets, Current 1 3
Other current assets 7 1
Total Current Assets 484 468
Property, Plant and Equipment    
Regulated utility plant 10,321 9,896
Less:  accumulated depreciation - regulated utility plant 2,607 2,476
Regulated utility plant, net 7,714 7,420
Construction work in progress 449 604
Property, Plant and Equipment, net 8,163 8,024
Other Noncurrent Assets    
Regulatory assets 436 439
Goodwill 607 607
Other intangibles 29 19
Other noncurrent assets 152 157
Assets, Noncurrent 1,224 1,222
Total Assets 9,871 9,714
Current Liabilities    
Short-term debt $ 100 $ 93
Notes Payable, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Notes Payable to affiliates $ 13 $ 0
Taxes 26 32
Interest 23 24
Current Customer Deposits 38 35
Regulatory liabilities 12 1
Asset Retirement Obligation, Current 14 13
Other current liabilities 55 52
Liabilities, Current, Total 450 402
Long-term Debt, Unclassified [Abstract]    
Long-term Debt 3,065 3,064
Deferred Credits and Other Noncurrent Liabilities    
Deferred income taxes 919 912
Investment tax credits 82 83
Asset retirement obligations 55 53
Regulatory liabilities 1,013 1,018
Other deferred credits and noncurrent liabilities 33 30
Total Deferred Credits and Other Noncurrent Liabilities 2,102 2,096
Commitments and Contingent Liabilities
Equity    
Common stock [4] 308 308
Additional paid-in capital 3,067 3,033
Earnings reinvested 879 811
Total Equity 4,254 4,152
Total Liabilities and Equity 9,871 9,714
Kentucky Utilities Co [Member] | Related Party    
Current Liabilities    
Accounts payable 94 72
Kentucky Utilities Co [Member] | Nonrelated Party    
Current Liabilities    
Accounts payable $ 75 $ 80
[1] 1,560,000 shares authorized, 770,013 shares issued and 737,762 shares outstanding at June 30, 2024. 1,560,000 shares authorized, 770,013 shares issued and 737,130 shares outstanding at December 31, 2023.
[2] 170,000 shares authorized; 66,368 shares issued and outstanding at June 30, 2024 and December 31, 2023.
[3] 75,000 shares authorized; 21,294 shares issued and outstanding at June 30, 2024 and December 31, 2023.
[4] 80,000 shares authorized; 37,818 shares issued and outstanding at June 30, 2024 and December 31, 2023.