XML 73 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2024
Summary of Significant Accounting Policies [Line Items]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash from the Balance Sheet to Cash Flow
Capitalized Interest Table Text Block Capitalized interest, including the debt component of AFUDC, for the years ended December 31 is as follows:
202420232022
PPL$20 $12 $
PPL Electric
LG&E— 
KU— 
Weighted-average Rates of Depreciation
Following are the weighted-average annual rates of depreciation, for regulated utility plant, for the years ended December 31:
202420232022
PPL3.20 %3.26 %3.21 %
PPL Electric2.52 %2.62 %2.75 %
LG&E4.02 %4.00 %4.16 %
KU3.86 %3.95 %4.01 %
Schedule of Utility Inventory
"Fuel, materials and supplies" on the Balance Sheets consisted of the following at December 31:
 2024
 PPLPPL ElectricLG&EKU
Fuel$153 $— $64 $89 
Natural gas stored underground49 — 29 — 
Materials and supplies309 104 64 84 
Total$511 $104 $157 $173 

 2023
 PPLPPL ElectricLG&EKU
Fuel$144 $— $50 $94 
Natural gas stored underground58 — 34 — 
Materials and supplies303 99 59 91 
Total$505 $99 $143 $185 
Schedule of Valuation and Qualifying Accounts Disclosure
The changes in the allowance for doubtful accounts are included in the following table. Amounts relate to financing receivables, except as noted.
Additions
Balance at
Beginning of Period
Charged to IncomeDeductions (a)Balance at
End of Period
PPL   
2024$130 $109 $85 $154 (c)
202395 87 52 130 (c)
202269 78 52 95 (c)
PPL Electric
   
2024$50 $56 $65 $41 (b)
202333 52 35 50 (b)
202235 27 29 33 (b)
LG&E   
2024$$$$
2023
2022
Additions
Balance at
Beginning of Period
Charged to IncomeDeductions (a)Balance at
End of Period
KU   
2024$$$$
2023
2022

(a)Primarily related to uncollectible accounts written off.
(b)Includes $2 million, $3 million and $3 million related to other accounts receivable at December 31, 2024, 2023 and 2022.
(c)Includes $39 million, $41 million and $36 million related to other accounts receivable at December 31, 2024, 2023 and 2022.
PPL Electric Utilities Corp [Member]  
Summary of Significant Accounting Policies [Line Items]  
Capitalized Interest Table Text Block Capitalized interest, including the debt component of AFUDC, for the years ended December 31 is as follows:
202420232022
PPL$20 $12 $
PPL Electric
LG&E— 
KU— 
Intercompany tax receivables (payables)
At December 31, the following intercompany tax receivables (payables) were recorded:
20242023
PPL Electric$(2)$(21)
LG&E(2)(5)
KU(5)(3)
Louisville Gas And Electric Co [Member]  
Summary of Significant Accounting Policies [Line Items]  
Intercompany tax receivables (payables)
At December 31, the following intercompany tax receivables (payables) were recorded:
20242023
PPL Electric$(2)$(21)
LG&E(2)(5)
KU(5)(3)
Kentucky Utilities Co [Member]  
Summary of Significant Accounting Policies [Line Items]  
Intercompany tax receivables (payables)
At December 31, the following intercompany tax receivables (payables) were recorded:
20242023
PPL Electric$(2)$(21)
LG&E(2)(5)
KU(5)(3)