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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Operating Revenues $ 2,066 $ 2,043 $ 6,251 $ 6,281 CloseClose
Operation        
Fuel 207 199 597 567
Energy purchases 338 356 1,133 1,430
Other operation and maintenance 681 637 1,930 1,805
Depreciation 322 314 957 940
Taxes, other than income 90 100 271 299
Total Operating Expenses 1,638 1,606 4,888 5,041 CloseClose
Operating Income 428 437 1,363 1,240 CloseClose
Other Income (Expense) - net 32 16 86 51 CloseCloseCloseCloseCloseClose
Interest Expense 188 165 549 494 CloseCloseCloseClose
Total Other Income Expenses -156.0 0.0 -149.0 -463.0 0.0 Close
Total Other Income Expenses -220.0 0.0 -181.0 -635.0 0.0 Close Close
Total Other Income Expenses 220.0 0.0 181.0 635.0 0.0 Close Close
Total Other Income Expenses 220.0 0.0 181.0 635.0 0.0 Close Close
Income Taxes 58 58 189 170 CloseClose
Income from continuing operations after income taxes     711  
Net Income (Loss) $ 214 $ 230 $ 711 $ 627 Close
Net Income:        
Diluted (in dollars per share) $ 0.29 $ 0.31 $ 0.96 $ 0.85
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 737,773 737,107 737,678 737,005
Diluted (in shares) 739,965 738,184 739,450 738,021
Income from Continuing Operations Before Income Taxes $ 272 $ 288 $ 900 $ 797 CloseClose
Income (Loss) from Continuing Operations After Income Taxes, Basic $ 0.29 $ 0.31 $ 0.96 $ 0.85
Income (Loss) from Continuing Operations after income taxes, Diluted $ 0.29 $ 0.31 $ 0.96 $ 0.85
Rhode Island Regulated        
Operating Revenues        
Operating Revenues $ 455 $ 413 $ 1,393 $ 1,355
Operation        
Net Income (Loss) 14 6 90 70
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues 716 737 2,159 2,295
Operation        
Energy purchases 177 226 544 788
Other operation and maintenance 176 151 511 454
Depreciation 101 99 300 297
Taxes, other than income 32 36 98 110
Total Operating Expenses 486 512 1,453 1,649
Operating Income 230 225 706 646
Other Income (Expense) - net 13 8 33 29
Interest Expense 61 54 184 165
Income Taxes 47 43 141 126 Close
Net Income (Loss) [1] 142 136 441 384 Close
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 189 179 582 510
PPL Electric Utilities Corp [Member] | Related Party        
Operation        
Interest Income from affiliate 7 0 27 0
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Operating Revenues 397 398 1,239 1,227
Operation        
Fuel 75 70 228 217
Energy purchases 19 17 105 123
Energy purchases from affiliate 11 8 19 11
Other operation and maintenance 84 91 259 275
Depreciation 76 76 229 227
Taxes, other than income 13 12 38 36
Total Operating Expenses 278 274 878 889
Operating Income 119 124 361 338
Other Income (Expense) - net 3 0 9 2
Interest Expense 26 25 78 76
Income Taxes 20 21 61 55
Net Income (Loss) 77 [2] 79 232 [2] 210
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 97 100 293 265
Louisville Gas And Electric Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 1 2 20 23
Operation        
Interest Income from affiliate 1 1 1 1
Louisville Gas And Electric Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 396 396 1,219 1,204
Kentucky Utilities Co [Member]        
Operating Revenues        
Operating Revenues 509 505 1,498 1,439
Operation        
Fuel 131 129 369 350
Energy purchases 7 6 19 18
Energy purchases from affiliate 1 2 20 23
Other operation and maintenance 103 101 306 327
Depreciation 102 98 302 294
Taxes, other than income 12 12 36 34
Total Operating Expenses 356 348 1,052 1,046
Operating Income 153 157 446 393
Other Income (Expense) - net 4 1 10 6
Interest Expense     102 99
Income Taxes 24 24 70 59
Net Income (Loss) [3] 98 101 283 240
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 122 125 353 299
Kentucky Utilities Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 11 8 19 11
Operation        
Interest Expense 0 0 1 1
Kentucky Utilities Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 498 497 $ 1,479 $ 1,428
Operation        
Interest Expense $ 35 $ 33    
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.