Segment and Related Information

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment and Related Information

2. Segment and Related Information

(PPL)

PPL is organized into three segments: Kentucky Regulated, Pennsylvania Regulated and Rhode Island Regulated. PPL's segments are determined by geographic location.

The Kentucky Regulated segment includes the regulated electricity generation, transmission and distribution operations conducted by LG&E and KU, as well as LG&E's regulated distribution and sale of natural gas.

The Pennsylvania Regulated segment includes the regulated electricity transmission and distribution operations of PPL Electric.

The Rhode Island Regulated segment includes the regulated electricity transmission and distribution and natural gas distribution operations of RIE.

"Corporate and Other" primarily includes corporate level financing costs, certain unallocated costs and certain non-recoverable costs incurred in conjunction with the acquisition of Narragansett Electric. "Corporate and Other" is presented to reconcile segment information to PPL's consolidated results.

Income Statement data for the segments and reconciliation to PPL's consolidated results for the periods ended September 30 are as follows:

	Three Months				Nine Months
	2024		2023		2024		2023
Operating Revenues from external customers
Kentucky Regulated	$	895	$	893	$	2,698	$	2,631
Pennsylvania Regulated	716		737		2,159		2,295
Rhode Island Regulated	455		413		1,393		1,355
Corporate and Other	—		—		1		—
Total	$	2,066	$	2,043	$	6,251	$	6,281
Net Income (Loss)
Kentucky Regulated	$	169	$	175	$	493	$	432
Pennsylvania Regulated	142		136		441		384
Rhode Island Regulated	14		6		90		70
Corporate and Other	(111)		(87)		(313)		(259)
Total	$	214	$	230	$	711	$	627

The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated Balance Sheets as of:

	September 30, 2024		December 31, 2023
Assets
Kentucky Regulated	$	17,356	$	17,029
Pennsylvania Regulated	15,328		14,294
Rhode Island Regulated	6,953		6,515
Corporate and Other (a)	835		1,398
Total	$	40,472	$	39,236

(a)Primarily consists of unallocated items, including cash, PP&E, goodwill and the elimination of inter-segment transactions.

(PPL Electric, LG&E and KU)

PPL Electric has two operating segments, distribution and transmission, which are aggregated into a single reportable segment. Each of LG&E and KU operate as a single operating and reportable segment.