v3.26.3
Segment and Related Information (Tables)
 9 Months Ended
Sep. 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 September 30, 2026:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$1,048 $918 $530 $2,496 
Reconciliation of revenue
Corporate and Other revenues1 
Total consolidated revenues$2,497 
Less:
Fuel246 — — 246 
Energy purchases21 274 191 486 
Other operation and maintenance215 188 209 612 
Depreciation201 112 51 364 
Taxes, other than income29 42 46 117 
Other (income) expense - net(17)(13)10 (20)
Interest (income) from affiliate— (5)(5)(10)
Interest expense72 73 29 174 
Income taxes57 56 (3)110 
Segment net income$224 $191 $2 $417 
Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss(50)
Net Income$367 

(a)See Note 3 for additional information on Operating Revenues.
The table below provides information about PPL's segments and includes a reconciliation to consolidated net income for the nine months ended September 30, 2026:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$3,144 $2,633 $1,605 $7,382 
Reconciliation of revenue
Corporate and Other revenues— 
Total consolidated revenues$7,382 
Less:
Fuel715 — — 715 
Energy purchases173 818 602 1,593 
Other operation and maintenance622 536 594 1,752 
Depreciation595 330 148 1,073 
Taxes, other than income84 126 132 342 
Other (income) expense - net(41)(39)(8)(88)
Interest (income) from affiliate— (7)(5)(12)
Interest expense215 213 85 513 
Interest expense with affiliate— — 7 7 
Income taxes156 149 2 307 
Segment net income$625 $507 $48 $1,180 
Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss(131)
Net Income$1,049 

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

Other information for the segments and reconciliation to PPL's Consolidated results for the nine months ended September 30, 2026 are as follows:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal SegmentsCorporate and OtherConsolidated Total
Other Segment Disclosures
Amortization (a)$40 $40 $2 $82 $13 $95 
Deferred income taxes and investment tax credits (b)5 71 62 138 69 207 
Expenditures for long lived assets1,550 1,314 626 3,490 58 3,548 

(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 September 30, 2025:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$944 $786 $509 $2,239 
Reconciliation of revenue
Corporate and Other revenues— 
Total consolidated revenues$2,239 
Less:
Fuel231 — — 231 
Energy purchases23 224 173 420 
Other operation and maintenance201 160 196 557 
Depreciation180 105 45 330 
Taxes, other than income26 38 38 102 
Other (income) expense - net(17)(14)(2)(33)
Interest (income) from affiliate— (2)— (2)
Interest expense68 67 28 163 
Income taxes47 49 4 100 
Segment net income$185 $159 $27 $371 
Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss(53)
Net Income$318 

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

The table below provides information about PPL's segments and includes a reconciliation to consolidated net income for the nine months ended September 30, 2025:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal
Operating Revenues from external customers (a)$2,841 $2,298 $1,629 $6,768 
Reconciliation of revenue
Corporate and Other revenues— 
Total consolidated revenues$6,768 
Less:
Fuel657 — — 657 
Energy Purchases149 622 598 1,369 
Other operation and maintenance601 481 610 1,692 
Depreciation535 307 131 973 
Taxes, other than income77 111 127 315 
Other (income) expense - net(35)(36)(5)(76)
Interest (income) from affiliate— (4)(3)(7)
Interest expense191 189 78 458 
Income taxes132 146 13 291 
Segment net income$534 $482 $80 $1,096 
Reconciliation of segment profit or loss to consolidated net income
Corporate and Other net loss(181)
Net Income$915 

(a)See Note 3 for additional information on Operating Revenues.
Other information for the segments and reconciliation to PPL's Consolidated results for the nine months ended September 30, 2025 are as follows:
Kentucky RegulatedPennsylvania RegulatedRhode Island RegulatedTotal SegmentsCorporate and OtherConsolidated Total
Other Segment Disclosures
Amortization (a)$28 $34 $1 $63 $10 $73 
Deferred income taxes and investment tax credits (b)21 63 38 122 55 177 
Expenditures for long lived assets1,243 1,082 539 2,864 4 2,868 

(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:
September 30,
2026		December 31,
2025
Total Assets
Kentucky Regulated$20,019 $19,060 
Pennsylvania Regulated18,182 16,886 
Rhode Island Regulated8,122 7,510 
Corporate and Other (a)1,023 1,788 
Total $47,346 $45,244 

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