v3.26.3
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) $ 0.8175                                  
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]   583                                
Common stock issued $ 0   0                              
Stock Issued During Period, Value, Treasury Stock Reissued 40   13     $ 27                        
Stock Issued During Period, Shares, Treasury Stock Reissued           929                        
APIC, Share-Based Payment Arrangement, Recognition and Exercise (3)   (3)                              
Net income (loss) 915     915     482 [5]     482 244 [6]     244 312 [7]     312
Contributions from parent             540   540   101       91      
Capital contributions from parent                     101   101   91   91  
Payments of Capital Distribution                     (55)   (55)   (37)   (37)  
Dividends and dividend equivalents (607) [8]     (607) [8]     (298)     (298) (148)     (148) (179)     (179)
Other comprehensive income (loss) (9)       (9)                          
Balance at end of period - shares at Sep. 30, 2025   739,545 [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
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2725                                  
Balance at beginning of period - shares at Jun. 30, 2025   739,306           66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued [1]   197                                
Common stock issued $ 0   0                              
Stock Issued During Period, Value, Treasury Stock Reissued     6                              
Stock Issued During Period, Value, Treasury Stock Reissued 7         $ 1                        
Stock Issued During Period, Shares, Treasury Stock Reissued           42                        
Stock-based compensation 7   7                              
Net income (loss) 318     318     159 [5]     159 83     83 109 [7]     109
Capital contributions from parent             540   540                  
Dividends and dividend equivalents (202)     (202)                            
Dividends declared             (91)     (91) (37)     (37) (51)     (51)
Other comprehensive income (loss) (3)       (3)                          
Balance at end of period - shares at Sep. 30, 2025   739,545 [1]           66,368 [2]       21,294 [3]       37,818 [4]    
Total Equity 14,413 $ 8 12,356 3,143 (193) $ (901) 7,354 $ 364 5,108 1,882 3,413 $ 424 2,028 961 4,486 $ 308 3,110 1,068
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) $ 0.8550                                  
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   537                                
Common stock issued $ 20   20                              
Stock Issued During Period, Value, Treasury Stock Reissued 28   0     $ 28                        
Stock Issued During Period, Shares, Treasury Stock Reissued           980                        
Purchase contracts (108)   (108)                              
APIC, Share-Based Payment Arrangement, Recognition and Exercise (8)   (8)                              
Net income (loss) 1,049     1,049     $ 507 [5]     507 $ 296 [6]     296 $ 345 [7]     345
Contributions from parent             530       164       155      
Capital contributions from parent             530   530   164   164   155   155  
Payments of Capital Distribution                     (58)   (58)          
Dividends and dividend equivalents (646) [8]     (646) [8]     $ (307)     (307) $ (169)     (169) $ (202)     (202)
Other comprehensive income (loss) $ (7)       (7)                          
Balance at end of period - shares at Sep. 30, 2026 752,558 752,558         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Return of Capital to Parent             $ (99)   (99)                  
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
Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.2850                                  
Balance at beginning of period - shares at Jun. 30, 2026   752,369           66,368 [2]       21,294 [3]       37,818 [4]    
Common stock shares issued   180                                
Common stock issued $ 7   7                              
Stock Issued During Period, Value, Treasury Stock Reissued     0                              
Stock Issued During Period, Value, Treasury Stock Reissued 0         $ 0                        
Stock Issued During Period, Shares, Treasury Stock Reissued           9                        
Stock-based compensation 9   9                              
Net income (loss) 367     367     191 [5]     191 104 [6]     104 122 [7]     122
Capital contributions from parent                     19   19   7   7  
Dividends and dividend equivalents (215)     (215)                            
Dividends declared             $ (86)     (86) $ (39)     (39) $ (52)     (52)
Other comprehensive income (loss) $ (4)       (4)                          
Balance at end of period - shares at Sep. 30, 2026 752,558 752,558         66,368 66,368 [2]     21,294 21,294 [3]     37,818 37,818 [4]    
Return of Capital to Parent             $ (99)   (99)                  
Total Equity $ 15,209 $ 8 $ 12,347 $ 3,610 $ (209) $ (547) $ 7,969 $ 364 $ 5,469 $ 2,136 $ 3,839 $ 424 $ 2,314 $ 1,101 $ 4,907 $ 308 $ 3,372 $ 1,227
[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 $0.8550 for the three and nine months ended September 30, 2026 and $0.2725 and $0.8175 for the three and nine months ended September 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]