v3.26.1
Segment and Related Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Related Information
The table below provides information about PPL's segments and includes a reconciliation of segment net income to consolidated net income for the three months ended June 30, 2026:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$888 $744 $479 $2,111 
Reconciliation of revenue
Corporate and Other revenues— 
Total consolidated revenues$2,111 
Less:
Fuel195 — — 195 
Energy purchases25 213 164 402 
Other operation and maintenance214 158 194 566 
Depreciation202 110 49 361 
Taxes, other than income29 36 40 105 
Other (income) expense - net(13)(14)(9)(36)
Interest (income) from affiliate— (1)— (1)
Interest expense71 73 30 174 
Income taxes34 37 1 72 
Segment net income$131 $132 $10 $273 
Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss(43)
Net Income$230 

(a)See Note 3 for additional information on Operating Revenues.
The table below provides information about PPL's segments and includes the reconciliation to consolidated net income for the six months ended June 30, 2026:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$2,095 $1,715 $1,075 $4,885 
Reconciliation of revenue
Corporate and Other revenues— 
Total consolidated revenues$4,885 
Less:
Fuel469 — — 469 
Energy purchases151 544 411 1,106 
Other operation and maintenance407 348 385 1,140 
Depreciation394 218 97 709 
Taxes, other than income56 84 86 226 
Other (income) expense - net(24)(26)(19)(69)
Interest (income) from affiliate— (2)— (2)
Interest expense142 140 63 345 
Income taxes99 93 6 198 
Segment net income$401 $316 $46 $763 
Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss(81)
Net Income$682 

(a)See Note 3 for additional information on Operating Revenues.

Other information for the segments and reconciliation to PPL's Consolidated results for the six months ended June 30, 2026 are as follows:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal SegmentsCorporate and OtherConsolidated Total
Other Segment Disclosures
Amortization (a)$27 $29 $1 $57 $8 $65 
Deferred income taxes and investment tax credits (b)7 41 46 94 43 137 
Expenditures for long lived assets1,052 801 435 2,288 58 2,346 

(a)Represents non-cash expense items that include amortization of right-of-use assets, regulatory assets and liabilities, debt discounts and premiums and debt issuance costs.
(b)Represents a non-cash expense item that is also included in "Income Taxes."
The table below provides information about PPL's segments and includes a reconciliation of segment net income to consolidated net income for the three months ended June 30, 2025:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$837 $693 $494 $2,024 
Reconciliation of revenue
Corporate and Other revenues1 
Total consolidated revenues$2,025 
Less:
Fuel192 — — 192 
Energy purchases30 169 190 389 
Other operation and maintenance200 159 214 573 
Depreciation179 100 44 323 
Taxes, other than income26 32 42 100 
Other (income) expense - net(10)(11)4 (17)
Interest (income) from affiliate— — (1)(1)
Interest expense62 62 27 151 
Income taxes32 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 

(a)See Note 3 for additional information on Operating Revenues.

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 RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$1,896 $1,512 $1,120 $4,528 
Reconciliation of revenue
Corporate and Other revenues1 
Total consolidated revenues$4,529 
Less:
Fuel426 — — 426 
Energy Purchases126 398 425 949 
Other operation and maintenance400 321 414 1,135 
Depreciation355 202 86 643 
Taxes, other than income51 73 89 213 
Other (income) expense - net(18)(22)(3)(43)
Interest (income) from affiliate— (2)(3)(5)
Interest expense122 122 50 294 
Income taxes85 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 

(a)See Note 3 for additional information on Operating Revenues.
Other information for the segments and reconciliation to PPL's Consolidated results for the six months ended June 30, 2025 are as follows:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal SegmentsCorporate and OtherConsolidated 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 assets689 697 336 1,722 1 1,723 

(a)Represents non-cash expense items that include amortization of right-of-use assets, regulatory assets and liabilities, debt discounts and premiums and debt issuance costs.
(b)Represents a non-cash expense item that is also included in "Income Taxes."

The following provides Balance Sheet data for the segments and reconciliation to PPL's consolidated Balance Sheets as of:
June 30,
2026		December 31,
2025
Total Assets
Kentucky Regulated$19,604 $19,060 
Pennsylvania Regulated18,043 16,886 
Rhode Island Regulated8,075 7,510 
Corporate and Other (a)579 1,788 
Total $46,301 $45,244 

(a)Primarily consists of unallocated items, including cash, PP&E, goodwill and the elimination of inter-segment transactions.