v3.25.2
Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contracts with Customers [Line Items]  
Reconciliation of Revenue from Contracts with Customers [Table Text Block] The following tables reconcile "Operating Revenues" included in each Registrant's Statement of Income with revenues generated from contracts with customers for the periods ended June 30.
2025 Three Months
PPL PPL ElectricLG&EKU
Operating Revenues (a)(b)$2,025 $693 $378 $472 
   Revenues derived from:
Alternative revenue programs (c)20 11 (1)(3)
Other (d)(5)(4)(1)— 
Revenues from Contracts with Customers$2,040 $700 $376 $469 
2024 Three Months
PPLPPL ElectricLG&EKU
Operating Revenues (a)(b)$1,881 $673 $366 $464 
   Revenues derived from:
Alternative revenue programs (c)(3)(8)2 1 
Other (d)(4)(3)(1)(1)
Revenues from Contracts with Customers$1,874 $662 $367 $464 
2025 Six Months
PPLPPL ElectricLG&EKU
Operating Revenues (a)(b)$4,529 $1,512 $883 $1,036 
   Revenues derived from:
Alternative revenue programs (c)70 9 1 1 
Other (d)(13)(9)(2)(2)
Revenues from Contracts with Customers$4,586 $1,512 $882 $1,035 
2024 Six Months
PPLPPL ElectricLG&EKU
Operating Revenues (a)(b)$4,185 $1,443 $842 $989 
   Revenues derived from:
Alternative revenue programs (c)5 (11)4 6 
Other (d)(12)(8)(2)(2)
Revenues from Contracts with Customers$4,178 $1,424 $844 $993 

(a)PPL includes $494 million and $1,120 million for the three and six months ended June 30, 2025 and $389 million and $938 million for the three and six months ended June 30, 2024 of revenues from external customers reported by the Rhode Island Regulated segment. PPL Electric represents revenues from external customers reported by the Pennsylvania Regulated segment and LG&E and KU, net of intercompany power sales and transmission revenues, represent revenues from external customers reported by the Kentucky Regulated segment. See Note 2 for additional information.
(b)PPL's transition services agreement associated with the RIE acquisition ended in the third quarter of 2024. In conjunction with the completion of the agreement, PPL conformed the presentation of RIE's and the Rhode Island Regulated segment’s net metering charges with the presentation of the other segments, resulting in an increase in Operating Revenues and a corresponding increase in Energy purchases beginning in the fourth quarter of 2024. For the three and six months ended June 30, 2025, net metering of $55 million and $96 million was included in Energy purchases on PPL's Statement of Income. For the three and six months ended June 30, 2024, $53 million and $85 million of net metering was presented as a reduction of Operating Revenues on PPL's Statement of Income.
(c)This line item shows the over/under collection of rate mechanisms deemed alternative revenue programs with over-collections of revenue shown as positive amounts in the table above and under-collections shown as negative amounts.
(d)Represents additional revenues outside the scope of revenues from contracts with customers, such as lease and other miscellaneous revenues.
Disaggregation of Revenue [Table Text Block]
The following tables show revenues from contracts with customers disaggregated by customer class for the periods ended June 30.
Three Months
ResidentialCommercialIndustrialOther (a)Wholesale - municipalityWholesale - other (b)TransmissionRevenues from Contracts with Customers
PPL
2025
PA Regulated$345 $106 $13 $13 $— $— $223 $700 
KY Regulated328 247 158 71 5 24 — 833 
RI Regulated (c)214 160 20 62 — — 51 507 
Total PPL$887 $513 $191 $146 $5 $24 $274 $2,040 
2024
PA Regulated$332 $101 $10 $15 $— $— $204 $662 
KY Regulated326 245 157 75 5 13 — 821 
RI Regulated (c)139 42 3 162 — — 45 391 
Total PPL$797 $388 $170 $252 $5 $13 $249 $1,874 
PPL Electric
2025$345 $106 $13 $13 $— $— $223 $700 
2024$332 $101 $10 $15 $— $— $204 $662 
LG&E
2025$167 $122 $48 $28 $— $11 $— $376 
2024$163 $121 $46 $31 $— $6 $— $367 
KU
2025$161 $125 $110 $43 $5 $25 $— $469 
2024$163 $124 $111 $43 $5 $18 $— $464 
Six Months
ResidentialCommercialIndustrialOther (a)Wholesale - municipalityWholesale - other (b)TransmissionRevenues from Contracts with Customers
PPL
2025
PA Regulated$802 $212 $26 $26 $— $— $446 $1,512 
KY Regulated815 527 312 167 12 62 — 1,895 
RI Regulated (c)655 357 38 28 — — 101 1,179 
Total PPL$2,272 $1,096 $376 $221 $12 $62 $547 $4,586 
2024
PA Regulated$758 $207 $22 $28 $— $— $409 $1,424 
KY Regulated769 512 318 172 11 28 — 1,810 
RI Regulated (c)400 120 8 324 — — 92 944 
Total PPL$1,927 $839 $348 $524 $11 $28 $501 $4,178 
PPL Electric
2025$802 $212 $26 $26 $— $— $446 $1,512 
2024$758 $207 $22 $28 $— $— $409 $1,424 
LG&E
2025$406 $269 $94 $82 $— $31 $— $882 
2024$381 $259 $93 $83 $— $28 $— $844 
KU
2025$409 $258 $218 $85 $12 $53 $— $1,035 
2024$388 $253 $225 $89 $11 $27 $— $993 
(a)Primarily includes revenues from pole attachments, street lighting, other public authorities and other non-core businesses, and for the Rhode Island Regulated Segment certain regulatory deferral mechanisms which could result in a reduction in revenues from over collections. For the periods ended June 30, 2024, the Rhode Island Regulated segment primarily includes open access tariff revenues, which are calculated on combined customer classes.
(b)Includes wholesale power and transmission revenues. LG&E and KU amounts include intercompany power sales and transmission revenues, which are eliminated upon consolidation at the Kentucky Regulated segment.
(c)PPL's transition services agreement associated with the RIE acquisition ended in the third quarter of 2024. In conjunction with the completion of the agreement, PPL disaggregated the 2024 revenues of the Rhode Island Regulated segment in a manner consistent with that of its other segments. This resulted in certain customer revenues for the Rhode Island Regulated segment, which were previously presented in the "Other" category, being presented in the "Residential", "Commercial" or "Industrial" customer classes beginning in the fourth quarter of 2024. Applying the previous methodology to 2025 revenues would result in $113 million of Residential, $104 million of Commercial and $20 million of Industrial for the three months ended June 30, 2025 and $268 million of Residential, $193 million of Commercial and $38 million of Industrial for the six months ended June 30, 2025 for the Rhode Island Regulated segment being presented as "Other".
Credit Loss Recognized from Contracts with Customers [Table Text Block]
The following table shows the accounts receivable and unbilled revenues balances that were impaired for the periods ended June 30.
Three MonthsSix Months
2025202420252024
PPL (a)$14 $2 $42 $43 
PPL Electric (a)2 (4)9 24 
LG&E— — 2 1 
KU1 — 2 1 
(a)2024 includes amounts impaired related to PPL Electric's billing issues. See Note 6 in PPL's 2024 Form 10-K for additional information.