XML 176 R2.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenues        
Operating Revenues $ 2,239 $ 2,066 $ 6,768 $ 6,251
Operation        
Fuel 231 207 657 597
Energy purchases 422 338 1,369 1,133
Other operation and maintenance 586 681 1,798 1,930
Depreciation 331 322 977 957
Taxes, other than income 100 90 314 271
Total Operating Expenses 1,670 1,638 5,115 4,888
Operating Income 569 428 1,653 1,363
Other Income (Expense) - net 39 32 90 86
Interest Expense 210 188 599 549
Income Taxes 80 58 229 189
Income from continuing operations after income taxes     915  
Net Income (Loss) $ 318 $ 214 $ 915 $ 711
Net Income:        
Diluted (in dollars per share) $ 0.43 $ 0.29 $ 1.23 $ 0.96
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Basic (in shares) 739,525 737,773 739,167 737,678
Diluted (in shares) 744,290 739,965 742,747 739,450
Income from Continuing Operations Before Income Taxes $ 398 $ 272 $ 1,144 $ 900
Income (Loss) from Continuing Operations After Income Taxes, Basic $ 0.43 $ 0.29 $ 1.24 $ 0.96
Income (Loss) from Continuing Operations after income taxes, Diluted $ 0.43 $ 0.29 $ 1.23 $ 0.96
PPL Electric Utilities Corp [Member]        
Operating Revenues        
Operating Revenues $ 786 $ 716 $ 2,298 $ 2,159
Operation        
Energy purchases 224 177 622 544
Other operation and maintenance 160 176 481 511
Depreciation 105 101 307 300
Taxes, other than income 38 32 111 98
Total Operating Expenses 527 486 1,521 1,453
Operating Income 259 230 777 706
Other Income (Expense) - net 14 13 36 33
Interest Expense 67 61 189 184
Income Taxes 49 47 146 141
Net Income (Loss) [1] 159 142 482 441
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 208 189 628 582
PPL Electric Utilities Corp [Member] | Related Party        
Operation        
Interest Income from affiliate 2 7 4 27
Louisville Gas And Electric Co [Member]        
Operating Revenues        
Operating Revenues 427 397 1,310 1,239
Operation        
Fuel 97 75 254 228
Energy purchases 17 19 128 105
Energy purchases from affiliate 6 11 18 19
Other operation and maintenance 91 84 271 259
Depreciation 77 76 228 229
Taxes, other than income 13 13 39 38
Total Operating Expenses 301 278 938 878
Operating Income 126 119 372 361
Other Income (Expense) - net 8 3 16 9
Interest Expense 30 26 83 78
Income Taxes 21 20 61 61
Net Income (Loss) 83 [2] 77 244 [2] 232
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 104 97 305 293
Louisville Gas And Electric Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 7 1 17 20
Operation        
Interest Income from affiliate 0 1 0 1
Louisville Gas And Electric Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 420 396 1,293 1,219
Kentucky Utilities Co [Member]        
Operating Revenues        
Operating Revenues 530 509 1,566 1,498
Operation        
Fuel 135 131 404 369
Energy purchases 6 7 20 19
Energy purchases from affiliate 7 1 17 20
Other operation and maintenance 101 103 303 306
Depreciation 102 102 305 302
Taxes, other than income 13 12 38 36
Total Operating Expenses 364 356 1,087 1,052
Operating Income 166 153 479 446
Other Income (Expense) - net 9 4 19 10
Interest Expense     108 102
Income Taxes 28 24 78 70
Net Income (Loss) [3] 109 98 312 283
Weighted-Average Shares of Common Stock Outstanding (in thousands)        
Income from Continuing Operations Before Income Taxes 137 122 390 353
Kentucky Utilities Co [Member] | Related Party        
Operating Revenues        
Retail and wholesale 6 11 18 19
Operation        
Interest Expense 0 0 0 1
Kentucky Utilities Co [Member] | Nonrelated Party        
Operating Revenues        
Retail and wholesale 524 498 $ 1,548 $ 1,479
Operation        
Interest Expense $ 38 $ 35    
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.