v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Earnings Reinvested [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury Stock, Common
PPL Electric Utilities Corp [Member]
PPL Electric Utilities Corp [Member]
Common Stock [Member]
PPL Electric Utilities Corp [Member]
Additional Paid-in Capital [Member]
PPL Electric Utilities Corp [Member]
Earnings Reinvested [Member]
Louisville Gas And Electric Co [Member]
Louisville Gas And Electric Co [Member]
Common Stock [Member]
Louisville Gas And Electric Co [Member]
Additional Paid-in Capital [Member]
Louisville Gas And Electric Co [Member]
Earnings Reinvested [Member]
Kentucky Utilities Co [Member]
Kentucky Utilities Co [Member]
Common Stock [Member]
Kentucky Utilities Co [Member]
Additional Paid-in Capital [Member]
Kentucky Utilities Co [Member]
Earnings Reinvested [Member]
Total Equity $ 13,933 $ 8 $ 12,326 $ 2,710 $ (163) $ (948) $ 5,903 $ 364 $ 4,040 $ 1,499 $ 3,172 $ 424 $ 1,993 $ 755 $ 4,152 $ 308 $ 3,033 $ 811
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.5150                                  
Balance at beginning of period - shares at Dec. 31, 2023   737,130 [1]           66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 18         $ 18                        
Stock Issued During Period, Shares, Treasury Stock Reissued           632                        
APIC, Share-Based Payment Arrangement, Recognition and Exercise (5)   (5)                              
Net income (loss) 497     497     299 [5]     299 155     155 185 [6]     185
Contributions from parent             680   680   37       84      
Capital contributions from parent                     37   37   84   84  
Payments of Capital Distribution                     (51)   (51)   (50)   (50)  
Dividends and dividend equivalents (381) [7]     (381) [7]     (184)     (184) (97)     (97) (117)     (117)
Other comprehensive income (loss) 3       3                          
Balance at end of period - shares at Jun. 30, 2024   737,762 [1]           66,368 [2]       21,294 [3]       37,818 [4]    
Total Equity $ 14,058 $ 8 12,314 2,828 (161) $ (931) 6,639 $ 364 4,715 1,560 3,177 $ 424 1,942 811 4,163 $ 308 2,983 872
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2575                                  
Balance at beginning of period - shares at Mar. 31, 2024   737,736           66,368 [2]       21,294 [3]       37,818 [4]    
Stock Issued During Period, Value, Treasury Stock Reissued $ 1         $ 1                        
Stock Issued During Period, Shares, Treasury Stock Reissued           26                        
Stock-based compensation 7   7                              
Net income (loss) 190     190     150 [5]     150 62     62 77 [6]     77
Capital contributions from parent             5   5   37   37   84   84  
Dividends and dividend equivalents (192)     (192)                            
Dividends declared             (96)     (96) (60)     (60) (70)     (70)
Other comprehensive income (loss) 1       1                          
Balance at end of period - shares at Jun. 30, 2024   737,762 [1]           66,368 [2]       21,294 [3]       37,818 [4]    
Total Equity 14,065 $ 8 12,321 2,826 (160) $ (930) 6,698 $ 364 4,720 1,614 3,216 $ 424 1,979 813 4,254 $ 308 3,067 879
Total Equity $ 14,077 $ 8 12,346 2,835 (184) (928) $ 6,730 $ 364 4,668 1,698 $ 3,271 $ 424 1,982 865 $ 4,299 $ 308 3,056 935
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.5450                                  
Balance at beginning of period - shares at Dec. 31, 2024 738,033 738,033 [1]         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Common stock shares issued   386                                
Common stock issued $ 0                                  
Stock Issued During Period, Value, Treasury Stock Reissued 33   7     $ 26                        
Stock Issued During Period, Shares, Treasury Stock Reissued           887                        
APIC, Share-Based Payment Arrangement, Recognition and Exercise (10)   (10)                              
Net income (loss) 597     597     $ 323 [5]     323 $ 161 [8]     161 $ 203 [6]     203
Contributions from parent             0       101       91      
Capital contributions from parent                     101   101   91   91  
Payments of Capital Distribution                     (55)   (55)   (37)   (37)  
Dividends and dividend equivalents (405) [7]     (405) [7]     $ (207)     (207) $ (111)     (111) $ (128)     (128)
Other comprehensive income (loss) $ (6)       (6)                          
Balance at end of period - shares at Jun. 30, 2025 739,306 739,306         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Return of Capital to Parent             $ (100)   (100)                  
Total Equity $ 14,297 $ 8 12,330 3,047 (184) $ (904) 6,826 $ 364 4,668 1,794 $ 3,278 $ 424 1,927 927 $ 4,341 $ 308 3,019 1,014
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2725                                  
Balance at beginning of period - shares at Mar. 31, 2025   739,066           66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued   186                                
Common stock issued $ 0                                  
Stock Issued During Period, Value, Treasury Stock Reissued     7                              
Stock Issued During Period, Value, Treasury Stock Reissued 9         $ 2                        
Stock Issued During Period, Shares, Treasury Stock Reissued           54                        
Stock-based compensation 6   6                              
Net income (loss) 183     183     139 [5]     139 56 [8]     56 78 [6]     78
Capital contributions from parent                     101   101   91   91  
Dividends and dividend equivalents (203)     (203)                            
Dividends declared             $ (119)     (119) $ (68)     (68) $ (82)     (82)
Other comprehensive income (loss) $ (6)       (6)                          
Balance at end of period - shares at Jun. 30, 2025 739,306 739,306         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Return of Capital to Parent             $ (100)   (100)                  
Total Equity $ 14,286 $ 8 $ 12,343 $ 3,027 $ (190) $ (902) $ 6,746 $ 364 $ 4,568 $ 1,814 $ 3,367 $ 424 $ 2,028 $ 915 $ 4,428 $ 308 $ 3,110 $ 1,010
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
[2] Shares in thousands. All common shares of PPL Electric stock are owned by PPL Energy Holdings.
[3] Shares in thousands. All common shares of LG&E stock are owned by LKE.
[4] Shares in thousands. All common shares of KU stock are owned by LKE.
[5] Net income equals comprehensive income.
[6] Net income equals comprehensive income.
[7] Dividends declared per share of common stock were $0.2725 and $0.5450 for the three and six months ended June 30, 2025 and $0.2575 and $0.5150 for the three and six months ended June 30, 2024.
[8] Net income equals comprehensive income.