The table below provides information about PPL’s segments and includes the reconciliation to consolidated net income for the three months ended June 30, 2025:


	Kentucky Regulated		Pennsylvania Regulated		Rhode Island Regulated		Total
Operating Revenues from external customers (a)	$	837	$	693	$	494	$	2,024
Reconciliation of revenue
Corporate and Other revenues							1
Total consolidated revenues							$	2,025

Less:
Fuel	192		—		—		192
Energy Purchases	30		169		190		389
Other operation and maintenance	200		159		214		573
Depreciation	179		100		44		323
Taxes, other than income	26		32		42		100
Other (income) expense - net	(10)		(11)		4		(17)
Interest (income) from affiliate	—		—		(1)		(1)
Interest expense	62		62		27		151
Income taxes	32		43		(9)		66
Segment net income	$	126	$	139	$	(17)	$	248

Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss							(65)
Net Income							$	183

The table below provides information about PPL’s segments and includes the reconciliation to consolidated net income for the six months ended June 30, 2025:


	Kentucky Regulated		Pennsylvania Regulated		Rhode Island Regulated		Total
Operating Revenues from external customers (a)	$	1,896	$	1,512	$	1,120	$	4,528
Reconciliation of revenue
Corporate and Other revenues							1
Total consolidated revenues							$	4,529

Less:
Fuel	426		—		—		426
Energy Purchases	126		398		425		949
Other operation and maintenance	400		321		414		1,135
Depreciation	355		202		86		643
Taxes, other than income	51		73		89		213
Other (income) expense - net	(18)		(22)		(3)		(43)
Interest (income) from affiliate	—		(2)		(3)		(5)
Interest expense	122		122		50		294
Income taxes	85		97		9		191
Segment net income	$	349	$	323	$	53	$	725

Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss							(128)
Net Income							$	597


	Kentucky Regulated		Pennsylvania Regulated		Rhode Island Regulated		Total Segments		Corporate and Other		Consolidated Total
Other Segment Disclosures
Amortization (a)	$	22	$	21	$	—	$	43	$	6	$	49
Deferred income taxes and investment tax credits (b)	11		48		18		77		27		104
Expenditures for long lived assets	689		697		336		1,722		1		1,723

(a)Represents non-cash expense items that include amortization of operating lease right-of-use assets, regulatory assets and liabilities, debt discounts and premiums and debt issuance costs.

The table below provides information about PPL’s segments and includes the reconciliation to consolidated net income for the three months ended June 30, 2024:


	Kentucky Regulated		Pennsylvania Regulated		Rhode Island Regulated		Total
Operating Revenues from external customers (a)	$	819	$	673	$	389	$	1,881
Reconciliation of revenue
Corporate and Other revenues							—
Total consolidated revenues							$	1,881

Less:
Fuel	181		—		—		181
Energy Purchases	22		153		100		275
Other operation and maintenance	195		154		180		529
Depreciation	177		100		40		317
Taxes, other than income	24		30		39		93
Other (income) expense - net	(9)		(11)		(6)		(26)
Interest (income) from affiliate	—		(10)		—		(10)
Interest expense	61		61		23		145
Income taxes	34		46		1		81
Segment net income	$	134	$	150	$	12	$	296

Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss							(106)
Net Income							$	190

The table below provides information about PPL’s segments and includes the reconciliation to consolidated net income for the six months ended June 30, 2024:


	Kentucky Regulated		Pennsylvania Regulated		Rhode Island Regulated		Total
Operating Revenues from external customers (a)	$	1,803	$	1,443	$	938	$	4,184
Reconciliation of revenue
Corporate and Other revenues							1
Total consolidated revenues							$	4,185

Less:
Fuel	390		—		—		390
Energy Purchases	99		367		329		795
Other operation and maintenance	397		335		336		1,068
Depreciation	353		199		81		633
Taxes, other than income	49		66		66		181
Other (income) expense - net	(12)		(20)		(13)		(45)
Interest (income) from affiliate	—		(20)		—		(20)
Interest expense	121		123		47		291
Income taxes	82		94		16		192
Segment net income	$	324	$	299	$	76	$	699

Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss							(202)
Net Income							$	497


	Kentucky Regulated		Pennsylvania Regulated		Rhode Island Regulated		Total Segments		Corporate and Other		Consolidated Total
Other Segment Disclosures
Amortization (a)	$	18	$	25	$	—	$	43	$	4	$	47
Deferred income taxes and investment tax credits (b)	1		60		36		97		17		114
Expenditures for long lived assets	506		519		241		1,266		—		1,266

(a)Represents non-cash expense items that include amortization of operating lease right-of-use assets, regulatory assets and liabilities, debt discounts and premiums and debt issuance costs.


	June 30, 2025		December 31, 2024
Total Assets
Kentucky Regulated	$	18,076	$	17,626
Pennsylvania Regulated	15,892		15,475
Rhode Island Regulated	7,125		7,055
Corporate and Other (a)	1,270		913
Total	$	42,363	$	41,069