v3.26.1
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 $ 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 [1]           66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued [1]   386                                
Common stock issued $ 0   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 [6]     161 203 [7]     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) [8]     (405) [8]     (207)     (207) (111)     (111) (128)     (128)
Other comprehensive income (loss) (6)       (6)                          
Balance at end of period - shares at Jun. 30, 2025   739,306 [1]           66,368 [2]       21,294 [3]       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 [1]   186                                
Common stock issued $ 0                                
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     56 78 [7]     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 [1]           66,368 [2]       21,294 [3]       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
Total Equity $ 14,881 $ 8 12,443 3,207 (202) (575) $ 7,338 $ 364 5,038 1,936 $ 3,606 $ 424 2,208 974 $ 4,609 $ 308 3,217 1,084
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.5700                                  
Balance at beginning of period - shares at Dec. 31, 2025 751,041 751,041 [1]         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Common stock shares issued   357                                
Common stock issued $ 13   13                              
Stock Issued During Period, Value, Treasury Stock Reissued 28   0     $ 28                        
Stock Issued During Period, Shares, Treasury Stock Reissued           971                        
Purchase contracts (108)   (108)                              
APIC, Share-Based Payment Arrangement, Recognition and Exercise (17)   (17)                              
Net income (loss) 682     682     $ 316 [5]     316 $ 192 [6]     192 $ 223 [7]     223
Contributions from parent             530       145       148      
Capital contributions from parent             530   530   145   145   148   148  
Payments of Capital Distribution                     (58)   (58)          
Dividends and dividend equivalents (431) [8]     (431) [8]     $ (221)     (221) $ (130)     (130) $ (150)     (150)
Other comprehensive income (loss) $ (3)       (3)                          
Balance at end of period - shares at Jun. 30, 2026 752,369 752,369         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Total Equity $ 15,019 $ 8 12,316 3,443 (200) $ (548) $ 7,420 $ 364 5,038 2,018 $ 3,637 $ 424 2,150 1,063 $ 4,767 $ 308 3,287 1,172
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2850                                  
Balance at beginning of period - shares at Mar. 31, 2026   752,178           66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued   172                                
Common stock issued $ 6   6                              
Stock Issued During Period, Value, Treasury Stock Reissued                                  
Stock Issued During Period, Value, Treasury Stock Reissued 1         $ 1                        
Stock Issued During Period, Shares, Treasury Stock Reissued           19                        
Stock-based compensation 9   9                              
Net income (loss) 230     230     132 [5]     132 60 [6]     60 79 [7]     79
Capital contributions from parent             530   530   145   145   78   78  
Dividends and dividend equivalents (215)     (215)                            
Dividends declared             $ (119)     (119) $ (87)     (87) $ (94)     (94)
Other comprehensive income (loss) $ (5)       (5)                          
Balance at end of period - shares at Jun. 30, 2026 752,369 752,369         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Total Equity $ 15,045 $ 8 $ 12,331 $ 3,458 $ (205) $ (547) $ 7,963 $ 364 $ 5,568 $ 2,031 $ 3,755 $ 424 $ 2,295 $ 1,036 $ 4,830 $ 308 $ 3,365 $ 1,157
[1] Shares in thousands. Each share entitles the holder to one vote on any question presented at any shareowners' meeting.
(b)Dividends declared per share of common stock were $0.2850 and $0.5700 for the three and six months ended June 30, 2026 and $0.2725 and $0.5450 for the three and six months ended June 30, 2025.
[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] Net income equals comprehensive income.
[8]