v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities    
Net income (loss) $ 1,049 $ 915
Income from continuing operations (net of income taxes) 1,049  
Depreciation 1,079 977
Amortization 95 73
Defined benefit plans - (income) expense (6) (44)
Deferred income taxes and investment tax credits 207 177
Stock-based compensation expense 39 37
Other (28) 18
Change in current assets and current liabilities    
Accounts receivable (39) (72)
Accounts payable (168) (159)
Unbilled revenues 185 130
Fuel, materials and supplies (60) 3
Prepayments (30) (9)
Taxes payable (57) 29
Regulatory assets and liabilities, net (57) 73
Accrued interest 61 80
Other 22 (31)
Other operating activities    
Defined benefit plans - funding (10) (9)
Other assets (162) (116)
Other liabilities 18 67
Net cash provided by operating activities 2,056 2,081
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (3,530) (2,868)
Other investing activities (86) 8
Net cash used in investing activities (3,616) (2,860)
Cash Flows from Financing Activities    
Issuance of long-term debt 2,046 1,895
Retirement of long-term debt (718) 0
Payment of common stock dividends (630) (593)
Net increase (decrease) in short-term debt 223 292
Other financing activities (14) (11)
Debt Issuance Costs (37) (24)
Net cash provided by financing activities 870 1,559
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (690) 780
Cash and Cash Equivalents at Beginning of Period 1,071  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,086 339
Cash and Cash Equivalents at End of Period 393  
Cash, Cash Equivalents and Restricted Cash at End of Period 396 1,119
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 692 486
AFUDC - equity component (82) (58)
PPL Electric Utilities Corp [Member]    
Cash Flows from Operating Activities    
Net income (loss) [1] 507 482
Depreciation 330 307
Amortization 40 34
Defined benefit plans - (income) expense (6) (21)
Deferred income taxes and investment tax credits 71 63
Other 2 3
Change in current assets and current liabilities    
Accounts receivable (116) (108)
Accounts payable (107) (71)
Unbilled revenues 95 43
Fuel, materials and supplies (43) (24)
Prepayments (10) 5
Taxes payable (37) (1)
Regulatory assets and liabilities, net (13) 57
Accrued interest 23 23
Other 26 (2)
Other operating activities    
Other assets (69) (51)
Other liabilities 0 3
Net cash provided by operating activities 663 719
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (1,296) (1,082)
Expenditures for intangible assets (18) (7)
Notes receivable from affiliates (26) (287)
Other investing activities 42 14
Net cash used in investing activities (1,298) (1,362)
Cash Flows from Financing Activities    
Issuance of long-term debt 496 496
Payment of common stock dividends to parent (307) (298)
Contributions from parent 530 540
Return of capital to parent (99) (100)
Debt Issuance Costs (6) (6)
Net cash provided by financing activities 614 632
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (21) (11)
Cash and Cash Equivalents at Beginning of Period 30  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 30 24
Cash and Cash Equivalents at End of Period 9  
Cash, Cash Equivalents and Restricted Cash at End of Period 9 13
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 406 237
AFUDC - equity component (30) (23)
Louisville Gas And Electric Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [2] 296 244
Depreciation 257 228
Amortization 16 17
Other (12) 7
Change in current assets and current liabilities    
Accounts receivable (13) 16
Accounts receivable from affiliates 21 9
Accounts payable (37) 18
Increase (Decrease) in Accounts Payable, Related Parties (5) 6
Unbilled revenues 13 17
Fuel, materials and supplies (3) 15
Taxes payable (17) 0
Regulatory assets and liabilities, net (25) (16)
Accrued interest 10 28
Other (9) (19)
Other operating activities    
Expenditures for asset retirement obligations (8) (8)
Other assets (33) (21)
Other liabilities 16 8
Net cash provided by operating activities 449 538
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (749) (561)
Notes receivable from affiliates 36 0
Net cash used in investing activities (713) (561)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 700
Retirement of long-term debt (50) 0
Increase Decrease In Notes Payable To Affiliates 2 (43)
Payment of common stock dividends to parent (169) (148)
Net increase (decrease) in short-term debt 220 (25)
Contributions from parent 164 101
Return of capital to parent (58) (55)
Debt Issuance Costs 0 (8)
Net cash provided by financing activities 109 522
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (155) 499
Cash and Cash Equivalents at Beginning of Period 162  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 169 24
Cash and Cash Equivalents at End of Period 13  
Cash, Cash Equivalents and Restricted Cash at End of Period 14 523
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 103 68
AFUDC - equity component (18) (11)
Kentucky Utilities Co [Member]    
Cash Flows from Operating Activities    
Net income (loss) [3] 345 312
Depreciation 338 305
Amortization 23 13
Deferred income taxes and investment tax credits (1) 11
Other (14) 6
Change in current assets and current liabilities    
Accounts receivable (18) 3
Accounts payable 13 (4)
Increase (Decrease) in Accounts Payable, Related Parties (12) 19
Unbilled revenues (1) 12
Fuel, materials and supplies (16) (3)
Taxes payable (19) 3
Regulatory assets and liabilities, net 4 3
Accrued interest 18 37
Other (15) (19)
Other operating activities    
Expenditures for asset retirement obligations (11) (7)
Other assets (33) (28)
Other liabilities 2 (2)
Net cash provided by operating activities 582 647
Cash Flows from Investing Activities    
Expenditures for property, plant and equipment (800) (681)
Other investing activities 7 0
Net cash used in investing activities (793) (681)
Cash Flows from Financing Activities    
Issuance of long-term debt 0 700
Retirement of long-term debt (18) 0
Increase Decrease In Notes Payable To Affiliates (36) (73)
Payment of common stock dividends to parent (202) (179)
Net increase (decrease) in short-term debt 319 (140)
Contributions from parent 155 91
Return of capital to parent 0 (37)
Debt Issuance Costs 0 (8)
Net cash provided by financing activities 218 354
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 7 320
Cash and Cash Equivalents at Beginning of Period 10  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 17 29
Cash and Cash Equivalents at End of Period 23  
Cash, Cash Equivalents and Restricted Cash at End of Period 24 349
Supplemental Disclosures of Cash Flow Information    
Accrued expenditures for property, plant and equipment at September 30, 110 84
AFUDC - equity component $ (21) $ (14)
[1] Net income equals comprehensive income.
[2] Net income equals comprehensive income.
[3] Net income equals comprehensive income.