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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock, Common
Noncontrolling Interest
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Total Equity $ 13,918 $ 8 $ 12,317 $ 2,681 $ (124) $ (967) $ 3 $ 5,751 $ 364 $ 4,084 $ 1,303 $ 3,166 $ 424 $ 2,087 $ 655 $ 4,038 $ 308 $ 3,041 $ 689
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.7200                                    
Balance at beginning of period - shares at Dec. 31, 2022   736,487 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 22   3     $ 19                          
Stock Issued During Period, Shares, Treasury Stock Reissued           637                          
Stock-based compensation (1)   (1)                                
Net income (loss) 627     627       384 [5]     384 210     210 240 [6]     240
Capital contributions from parent               200   200   20   20   54   54  
Dividends and dividend equivalents (533) [7]     (533) [7]             (235)       (115)       (125)
Dividends declared               (235)       (115)       (125)      
Other comprehensive income (loss) (18)       (18)                            
Balance at end of period - shares at Sep. 30, 2023   737,124 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Return of Capital to Parent               (75)   (75)   (161)   (161)   (84)   (84)  
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests (3)                                    
Total Equity $ 13,959 $ 8 12,316 2,721 (137) $ (949) 0 6,011 $ 364 4,259 1,388 3,111 $ 424 1,987 700 4,085 $ 308 3,041 736
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2400                                    
Balance at beginning of period - shares at Jun. 30, 2023   737,086             66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 1         $ 1                          
Stock Issued During Period, Shares, Treasury Stock Reissued           38                          
Stock-based compensation 3   3                                
Net income (loss) 230     230       136 [5]     136 79     79 101 [6]     101
Dividends and dividend equivalents (176)     (176)                              
Dividends declared               (72)     (72) (29)     (29) (33)     (33)
Other comprehensive income (loss) (5)       (5)                            
Balance at end of period - shares at Sep. 30, 2023   737,124 [1]             66,368 [2]       21,294 [3]       37,818 [4]    
Return of Capital to Parent               (50)   (50)   (41)   (41)   (30)   (30)  
Total Equity 14,012 $ 8 12,319 2,775 (142) $ (948) 0 6,025 $ 364 4,209 1,452 3,120 $ 424 1,946 750 4,123 $ 308 3,011 804
Total Equity $ 13,933 $ 8 12,326 2,710 (163) (948) 0 $ 5,903 $ 364 4,040 1,499 $ 3,172 $ 424 1,993 755 $ 4,152 $ 308 3,033 811
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.7725                                    
Balance at beginning of period - shares at Dec. 31, 2023 737,130 737,130 [1]           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Common stock shares issued   2                                  
Common stock issued $ 0                                    
Stock Issued During Period, Value, Treasury Stock Reissued 19         $ 19                          
Stock Issued During Period, Shares, Treasury Stock Reissued           646                          
Stock-based compensation 2   2                                
Net income (loss) 711     711       $ 441 [5]     441 $ 232 [8]     232 $ 283 [6]     283
Capital contributions from parent               685   685   37   37   84   84  
Dividends and dividend equivalents (573) [7]     (573) [7]             (283)       (138)       (167)
Dividends declared               $ (283)       $ (138)       $ (167)      
Other comprehensive income (loss) $ 0                                    
Balance at end of period - shares at Sep. 30, 2024 737,778 737,778           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Return of Capital to Parent                       $ (76)   (76)   $ (103)   (103)  
Total Equity $ 14,065 $ 8 12,321 2,826 (160) $ (930) 0 $ 6,698 $ 364 4,720 1,614 3,216 $ 424 1,979 813 4,254 $ 308 3,067 879
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2575                                    
Balance at beginning of period - shares at Jun. 30, 2024   737,762             66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued   2                                  
Common stock issued $ 0                                    
Stock Issued During Period, Value, Treasury Stock Reissued 1         $ 1                          
Stock Issued During Period, Shares, Treasury Stock Reissued           14                          
Stock-based compensation 7   7                                
Net income (loss) 214     214       142 [5]     142 77 [8]     77 98 [6]     98
Capital contributions from parent               5   5                  
Dividends and dividend equivalents (192)     (192)                              
Dividends declared               $ (99)     (99) $ (41)     (41) $ (50)     (50)
Other comprehensive income (loss) $ (3)       (3)                            
Balance at end of period - shares at Sep. 30, 2024 737,778 737,778           66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Return of Capital to Parent                       $ (25)   (25)   $ (53)   (53)  
Total Equity $ 14,092 $ 8 $ 12,328 $ 2,848 $ (163) $ (929) $ 0 $ 6,746 $ 364 $ 4,725 $ 1,657 $ 3,227 $ 424 $ 1,954 $ 849 $ 4,249 $ 308 $ 3,014 $ 927
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL Energy Holdings.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Net income equals comprehensive income.
[6] Net income equals comprehensive income.
[7] Dividends declared per share of common stock were $0.2575 and $0.7725 for the three and nine months ended September 30, 2024 and $0.2400 and $0.7200 for the three and nine months ended September 30, 2023.
[8] Net income equals comprehensive income.