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Acquisitions, Development and Divestitures (Tables)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Acquisitions, Development and Divestitures [Line Items]    
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The table below shows the allocation of the purchase price to the assets acquired and liabilities assumed that were recorded in PPL’s Consolidated Balance Sheet as of the Acquisition date.
Final Purchase Price Allocation
Assets
Current Assets
Cash and Cash Equivalents$154 
Accounts Receivable (a)195 
Unbilled Revenues54 
Price Risk Management Assets99 
Regulatory Assets75 
Other Current Assets65 
Total Current Assets642 
Noncurrent Assets
Property, Plant and Equipment, net3,992 
Regulatory Assets393 
Goodwill1,585 
Other Noncurrent Assets164 
Total Noncurrent Assets6,134 
Total Assets$6,776 
Liabilities
Current Liabilities
Long-Term Debt Due Within One Year$14 
Accounts Payable180 
Taxes Accrued44 
Regulatory Liabilities239 
Other Current Liabilities198 
Total Current Liabilities675 
Noncurrent Liabilities
Long-Term Debt1,496 
Regulatory Liabilities643 
Other Deferred Credits and Noncurrent Liabilities142 
Noncurrent Liabilities2,281 
Total Purchase Price (Balance Sheet Net Assets)$3,820 

(a)Amounts represent fair value as of May 25, 2022. The gross contractual amount is $255 million. Cash flows not expected to be collected as of May 25, 2022 were $60 million.
  
Business Acquisition, Pro Forma Information  
The actual RIE Operating Revenues and Net income attributable to PPL included in PPL's Statement of Income for the period ended December 31, 2022, and PPL's unaudited pro forma 2022 Operating Revenues and Net Income (Loss) attributable to PPL, including RIE, as if the Acquisition had occurred prior to January 1, 2022 are as follows.
Operating RevenuesNet Income (Loss)
Actual RIE results included from May 25, 2022 - December 31, 2022 (a)$1,038 $(44)
PPL Pro Forma for the year ended 2022
8,667 790 

(a)Net Income (Loss) includes expenses of $98 million (pre-tax) related to commitments made as a condition of the Acquisition.
Narragansett Electric    
Acquisitions, Development and Divestitures [Line Items]    
Schedule of Fair Value Consideration Paid for Business Acquisition The fair value of the consideration paid for Narragansett Electric was as follows (in billions):
Aggregate enterprise consideration$5.3 
Less: fair value of assumed long-term debt outstanding1.5 
Total cash consideration$3.8