PPL Corp

PPL 10-Q · Q2 2025

PPL Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Regulated Operating Revenue (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 465 457 +1.8%
Kentucky Utilities Co [Member] · Related Party 7 7 0.0%
Louisville Gas And Electric Co [Member] · Nonrelated Party 373 363 +2.8%
Louisville Gas And Electric Co [Member] · Related Party 5 3 +66.7%
Revenue 2,025 1,881 +7.7%
Show Business Segments breakouts
Corporate 1
Kentucky Regulated [Member] 837 819 +2.2%
Pennsylvania Regulated [Member] 693 673 +3.0%
Rhode Island Regulated 494 389 +27.0%
Total Segments 2,024 1,881 +7.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 472 464 +1.7%
Louisville Gas And Electric Co [Member] 378 366 +3.3%
PPL Electric Utilities Corp [Member] 693 673 +3.0%
Fuel Costs 192 181 +6.1%
Show Business Segments breakouts
Kentucky Regulated [Member] 192 181 +6.1%
Total Segments 192 181 +6.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 117 115 +1.7%
Louisville Gas And Electric Co [Member] 75 67 +11.9%
Purchased Power And Gas 388 275 +41.1%
Show Business Segments breakouts
Kentucky Regulated [Member] 30 22 +36.4%
Pennsylvania Regulated [Member] 169 153 +10.5%
Rhode Island Regulated 190 100 +90.0%
Rhode Island Regulated · Net metering 55 53 +3.8%
Total Segments 389 275 +41.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7 6 +16.7%
Louisville Gas And Electric Co [Member] 23 15 +53.3%
PPL Electric Utilities Corp [Member] 169 153 +10.5%
Utilities Operating Expense Purchased Power From Related Parties (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 5 3 +66.7%
Louisville Gas And Electric Co [Member] 7 7 0.0%
Utilities Operating Expense Maintenance Operations And Other Costs And Expenses 614 623 -1.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 102 101 +1.0%
Louisville Gas And Electric Co [Member] 91 87 +4.6%
PPL Electric Utilities Corp [Member] 159 154 +3.2%
Depreciation 324 319 +1.6%
Show Business Segments breakouts
Kentucky Regulated [Member] 179 177 +1.1%
Pennsylvania Regulated [Member] 100 100 0.0%
Rhode Island Regulated 44 40 +10.0%
Total Segments 323 317 +1.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 101 101 0.0%
Louisville Gas And Electric Co [Member] 77 77 0.0%
PPL Electric Utilities Corp [Member] 100 100 0.0%
Utilities Operating Expense Taxes 101 93 +8.6%
Show Business Segments breakouts
Kentucky Regulated [Member] 26 24 +8.3%
Pennsylvania Regulated [Member] 32 30 +6.7%
Rhode Island Regulated 42 39 +7.7%
Total Segments 100 93 +7.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 13 12 +8.3%
Louisville Gas And Electric Co [Member] 13 12 +8.3%
PPL Electric Utilities Corp [Member] 32 30 +6.7%
Utilities Operating Expense 1,619 1,491 +8.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 345 338 +2.1%
Louisville Gas And Electric Co [Member] 286 265 +7.9%
PPL Electric Utilities Corp [Member] 460 437 +5.3%
Operating Income 406 390 +4.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 127 126 +0.8%
Louisville Gas And Electric Co [Member] 92 101 -8.9%
PPL Electric Utilities Corp [Member] 233 236 -1.3%
Other Non-Operating Income (Expense) 23 32 -28.1%
Show Business Segments breakouts
Kentucky Regulated [Member] 10 9 +11.1%
Pennsylvania Regulated [Member] 11 11 0.0%
Rhode Island Regulated -4 6 -166.7%
Total Segments 17 26 -34.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 5 4 +25.0%
Louisville Gas And Electric Co [Member] 5 4 +25.0%
PPL Electric Utilities Corp [Member] 11 11 0.0%
Interest Income Other (Q)
Show Business Segments breakouts
Rhode Island Regulated · Related Party 1
Total Segments · Related Party 1 10 -90.0%
Interest Expense 199 182 +9.3%
Show Business Segments breakouts
Kentucky Regulated [Member] 62 61 +1.6%
Pennsylvania Regulated [Member] 62 61 +1.6%
Rhode Island Regulated 27 23 +17.4%
Total Segments 151 145 +4.1%
Show Derivative Risk breakouts
Interest Rate Swap · Accumulated Gain Loss Net Cash Flow Hedge Parent 1 1 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 35 33 +6.1%
Louisville Gas And Electric Co [Member] 27 26 +3.8%
PPL Electric Utilities Corp [Member] 62 61 +1.6%
Income Tax Expense (Benefit) 47 50 -6.0%
Show Business Segments breakouts
Corporate -19,000,000 -31,000,000 +38.7%
Kentucky Regulated [Member] 32 34 -5.9%
Pennsylvania Regulated [Member] 43 46 -6.5%
Rhode Island Regulated -9 1 -1000.0%
Total Segments 66 81 -18.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 19 19 0.0%
Louisville Gas And Electric Co [Member] 14 17 -17.6%
PPL Electric Utilities Corp [Member] 43 46 -6.5%
Show Accumulated Other Comprehensive Income Components [Axis] breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -1 -1 0.0%
Net Income 183 190 -3.7%
Show Business Segments breakouts
Corporate -65 -106 +38.7%
Kentucky Regulated [Member] 126 134 -6.0%
Pennsylvania Regulated [Member] 139 150 -7.3%
Rhode Island Regulated -17 12 -241.7%
Total Segments 248 296 -16.2%
Show Equity Components breakouts
Retained Earnings 183 190 -3.7%
Retained Earnings · Kentucky Utilities Co [Member] 78 77 +1.3%
Retained Earnings · Louisville Gas And Electric Co [Member] 56 62 -9.7%
Retained Earnings · PPL Electric Utilities Corp [Member] 139 150 -7.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 78 77 +1.3%
Louisville Gas And Electric Co [Member] 56 62 -9.7%
PPL Electric Utilities Corp [Member] 139 150 -7.3%
EPS (Diluted) 0.25 0.26 -3.8%
Wtd Avg Shares (Basic) 739,276 737,748 +0.2%
Wtd Avg Shares (Diluted) 742,541 739,563 +0.4%
Income Before Taxes 230 240 -4.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 97 96 +1.0%
Louisville Gas And Electric Co [Member] 70 79 -11.4%
PPL Electric Utilities Corp [Member] 182 196 -7.1%
Income Loss From Continuing Operations Per Basic Share 0.25 0.26 -3.8%
Income Loss From Continuing Operations Per Diluted Share 0.25 0.26 -3.8%
Revenue -2,040 -1,874 -8.9%
Show Business Segments breakouts
Kentucky Regulated [Member] -833 -821 -1.5%
Kentucky Regulated [Member] · Commercial [Member] -247 -245 -0.8%
Kentucky Regulated [Member] · Industrial [Member] -158 -157 -0.6%
Kentucky Regulated [Member] · Other [Member] -71 -75 +5.3%
Kentucky Regulated [Member] · Residential [Member] -328 -326 -0.6%
Kentucky Regulated [Member] · Wholesale - municipal [Member] -5 -5 0.0%
Kentucky Regulated [Member] · Wholesale - other [Member] -24 -13 -84.6%
Pennsylvania Regulated [Member] -700 -662 -5.7%
Pennsylvania Regulated [Member] · Commercial [Member] -106 -101 -5.0%
Pennsylvania Regulated [Member] · Industrial [Member] -13 -10 -30.0%
Pennsylvania Regulated [Member] · Other [Member] -13 -15 +13.3%
Pennsylvania Regulated [Member] · Residential [Member] -345 -332 -3.9%
Pennsylvania Regulated [Member] · Transmission [Member] -223 -204 -9.3%
Rhode Island Regulated -507 -391 -29.7%
Rhode Island Regulated · Commercial [Member] -160 -42 -281.0%
Rhode Island Regulated · Commercial [Member] -104
Rhode Island Regulated · Industrial [Member] -20 -3 -566.7%
Rhode Island Regulated · Industrial [Member] -20
Rhode Island Regulated · Other [Member] -62 -162 +61.7%
Rhode Island Regulated · Residential [Member] -214 -139 -54.0%
Rhode Island Regulated · Residential [Member] -113
Rhode Island Regulated · Transmission [Member] -51 -45 -13.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -469 -464 -1.1%
Kentucky Utilities Co [Member] · Commercial [Member] -125 -124 -0.8%
Kentucky Utilities Co [Member] · Industrial [Member] -110 -111 +0.9%
Kentucky Utilities Co [Member] · Other [Member] -43 -43 0.0%
Kentucky Utilities Co [Member] · Residential [Member] -161 -163 +1.2%
Kentucky Utilities Co [Member] · Wholesale - municipal [Member] -5 -5 0.0%
Kentucky Utilities Co [Member] · Wholesale - other [Member] -25 -18 -38.9%
Louisville Gas And Electric Co [Member] -376 -367 -2.5%
Louisville Gas And Electric Co [Member] · Commercial [Member] -122 -121 -0.8%
Louisville Gas And Electric Co [Member] · Industrial [Member] -48 -46 -4.3%
Louisville Gas And Electric Co [Member] · Other [Member] -28 -31 +9.7%
Louisville Gas And Electric Co [Member] · Residential [Member] -167 -163 -2.5%
Louisville Gas And Electric Co [Member] · Wholesale - other [Member] -11 -6 -83.3%
PPL Electric Utilities Corp [Member] -700 -662 -5.7%
PPL Electric Utilities Corp [Member] · Commercial [Member] -106 -101 -5.0%
PPL Electric Utilities Corp [Member] · Industrial [Member] -13 -10 -30.0%
PPL Electric Utilities Corp [Member] · Other [Member] -13 -15 +13.3%
PPL Electric Utilities Corp [Member] · Residential [Member] -345 -332 -3.9%
PPL Electric Utilities Corp [Member] · Transmission [Member] -223 -204 -9.3%
Show Major Customers breakouts
Commercial [Member] -513 -388 -32.2%
Industrial [Member] -191 -170 -12.4%
Other [Member] -146 -252 +42.1%
Residential [Member] -887 -797 -11.3%
Transmission [Member] -274 -249 -10.0%
Wholesale - municipal [Member] -5 -5 0.0%
Wholesale - other [Member] -24 -13 -84.6%
Comprehensive Income 177 191 -7.3%
EPS (Basic) 0.25 0.26 -3.8%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (Q)
Show Derivative Risk breakouts
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Accumulated Defined Benefit Plans Adjustment -1 2 -150.0%
Show Accumulated Other Comprehensive Income Components [Axis] breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -1 2 -150.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -1 -1 0.0%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 1

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 294 282 +4.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 11 11 0.0%
Louisville Gas And Electric Co [Member] 10 8 +25.0%
PPL Electric Utilities Corp [Member] 15 13 +15.4%
Accounts Receivable 998 933 +7.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 153 157 -2.5%
Louisville Gas And Electric Co [Member] · Nonrelated Party 119 118 +0.8%
Louisville Gas And Electric Co [Member] · Related Party 28 39 -28.2%
PPL Electric Utilities Corp [Member] · Nonrelated Party 403 413 -2.4%
PPL Electric Utilities Corp [Member] · Related Party 10 8 +25.0%
Nontrade Receivables Current 122 109 +11.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 27 13 +107.7%
Louisville Gas And Electric Co [Member] 25 22 +13.6%
PPL Electric Utilities Corp [Member] 28 9 +211.1%
Unbilled Contracts Receivable 418 357 +17.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 106 107 -0.9%
Louisville Gas And Electric Co [Member] 84 82 +2.4%
PPL Electric Utilities Corp [Member] 138 112 +23.2%
Notes Receivable Net (Q)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] · Related Party 10
Inventory 504 502 +0.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 181 171 +5.8%
Louisville Gas And Electric Co [Member] 142 141 +0.7%
PPL Electric Utilities Corp [Member] 116 110 +5.5%
Prepaid Expense Current 192 211 -9.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 16 17 -5.9%
Louisville Gas And Electric Co [Member] 13 15 -13.3%
PPL Electric Utilities Corp [Member] 112 132 -15.2%
Regulatory Assets Current 303 335 -9.6%
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 26 6 +333.3%
Louisville Gas And Electric Co [Member] · Asset Recoverable Gas Costs 20
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 6 2 +200.0%
PPL Electric Utilities Corp [Member] 92 104 -11.5%
PPL Electric Utilities Corp [Member] · Distribution System Improvement Charge 9 8 +12.5%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 8
PPL Electric Utilities Corp [Member] · Storm Damage costs[Member] 45 38 +18.4%
PPL Electric Utilities Corp [Member] · Tax Cuts and Jobs Act (over/under) 30 5 +500.0%
Show Regulatory Asset breakouts
Asset Recoverable Gas Costs 20
Distribution System Improvement Charge 9 8 +12.5%
ISR deferral 6
Other Regulatory Assets Liabilities 21 32 -34.4%
Rate adjustment mechanism 99 133 -25.6%
Renewable Energy Program 21 14 +50.0%
Storm Damage costs[Member] 45 38 +18.4%
Tax Cuts and Jobs Act (over/under) 30 5 +500.0%
Transmission Service Charge [Member] 52 50 +4.0%
Other Assets Current 92 69 +33.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 20 7 +185.7%
Louisville Gas And Electric Co [Member] 10 3 +233.3%
PPL Electric Utilities Corp [Member] 33 27 +22.2%
Total Current Assets 2,923 2,798 +4.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 514 484 +6.2%
Louisville Gas And Electric Co [Member] 467 434 +7.6%
PPL Electric Utilities Corp [Member] 947 1,430 -33.8%
Non-Current Assets
Property, Plant & Equipment 34,356 32,173 +6.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8,565 8,163 +4.9%
Louisville Gas And Electric Co [Member] 6,722 6,528 +3.0%
PPL Electric Utilities Corp [Member] 13,874 12,806 +8.3%
Regulatory Assets Noncurrent 2,055
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 462
Kentucky Utilities Co [Member] · Advance metering Infrastructure 17
Kentucky Utilities Co [Member] · Asset Retirement Obligation Costs 199
Kentucky Utilities Co [Member] · Gas line Inspections 2
Kentucky Utilities Co [Member] · Kentucky Public Service Commission [Member] 7
Kentucky Utilities Co [Member] · Loss On Reacquired Debt 6
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 10
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 150
Kentucky Utilities Co [Member] · Plant outage costs [Member] 21
Kentucky Utilities Co [Member] · Storm Costs 37
Kentucky Utilities Co [Member] · Terminated Interest Rate Swaps [Member] 20
Louisville Gas And Electric Co [Member] 488
Louisville Gas And Electric Co [Member] · Advance metering Infrastructure 18
Louisville Gas And Electric Co [Member] · Asset Retirement Obligation Costs 76
Louisville Gas And Electric Co [Member] · Gas line Inspections 22
Louisville Gas And Electric Co [Member] · Kentucky Public Service Commission [Member] 2
Louisville Gas And Electric Co [Member] · Loss On Reacquired Debt 9
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 5
Louisville Gas And Electric Co [Member] · Pension And Other Postretirement Plans Costs 219
Louisville Gas And Electric Co [Member] · Plant outage costs [Member] 6
Louisville Gas And Electric Co [Member] · Retired asset recovery 80
Louisville Gas And Electric Co [Member] · Storm Costs 24
Louisville Gas And Electric Co [Member] · Terminated Interest Rate Swaps [Member] 29
PPL Electric Utilities Corp [Member] 692
PPL Electric Utilities Corp [Member] · Loss On Reacquired Debt 3
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 8
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 471
PPL Electric Utilities Corp [Member] · Removal Costs 168
PPL Electric Utilities Corp [Member] · Storm Costs 42
Show By Company [Axis] breakouts
KU [Member] · Kentucky Public Service Commission [Member] 7
LGE [Member] · Kentucky Public Service Commission [Member] 2
Show Regulatory Asset breakouts
Advance metering Infrastructure 35
Asset Retirement Obligation Costs 275
Environmental Restoration Costs 96
Gas line Inspections 24
Loss On Reacquired Debt 19
Net metering 159
Other Regulatory Assets Liabilities 50
Pension And Other Postretirement Plans Costs 959
Plant outage costs [Member] 27
Removal Costs 168
Retired asset recovery 80
Storm Costs 114
Terminated Interest Rate Swaps [Member] 49
Goodwill 2,247 2,247 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 607 607 0.0%
Louisville Gas And Electric Co [Member] 389 389 0.0%
Intangible Assets Net Excluding Goodwill 312 314 -0.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 27 29 -6.9%
Louisville Gas And Electric Co [Member] 9 15 -40.0%
PPL Electric Utilities Corp [Member] 276 269 +2.6%
Other Non-Current Assets 470 418 +12.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 156 152 +2.6%
Louisville Gas And Electric Co [Member] 121 92 +31.5%
PPL Electric Utilities Corp [Member] 103 117 -12.0%
Assets Noncurrent 5,084 4,868 +4.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,252 1,224 +2.3%
Louisville Gas And Electric Co [Member] 1,007 883 +14.0%
PPL Electric Utilities Corp [Member] 1,071 993 +7.9%
Total Assets 42,363 39,839 +6.3%
Show Business Segments breakouts
Corporate 1,270 676 +87.9%
Kentucky Regulated [Member] 18,076 17,251 +4.8%
Pennsylvania Regulated [Member] 15,892 15,229 +4.4%
Rhode Island Regulated 7,125 6,683 +6.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,331 9,871 +4.7%
Louisville Gas And Electric Co [Member] 8,196 7,845 +4.5%
PPL Electric Utilities Corp [Member] 15,892 15,229 +4.4%
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 41,171 39,656 +3.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,513 10,321 +1.9%
Louisville Gas And Electric Co [Member] 7,904 7,780 +1.6%
PPL Electric Utilities Corp [Member] 16,767 15,938 +5.2%
Public Utilities Property Plant And Equipment Accumulated Depreciation 9,950 9,482 +4.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,798 2,607 +7.3%
Louisville Gas And Electric Co [Member] 1,753 1,635 +7.2%
PPL Electric Utilities Corp [Member] 4,033 3,933 +2.5%
Public Utilities Property Plant And Equipment Net 31,221 30,174 +3.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7,715 7,714 0.0%
Louisville Gas And Electric Co [Member] 6,151 6,145 +0.1%
PPL Electric Utilities Corp [Member] 12,734 12,005 +6.1%
Property Plant And Equipment Other 80 71 +12.7%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 33 26 +26.9%
Property Plant And Equipment Net Nonregulated 47 45 +4.4%
Current Liabilities
Short Term Borrowings 1,286 389 +230.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 275 100 +175.0%
Louisville Gas And Electric Co [Member] 158 10 +1480.0%
PPL Electric Utilities Corp [Member] 384
Current Portion of Long-Term Debt 1,219 1 +121800.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 268
Louisville Gas And Electric Co [Member] 300
Notes Payable (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 46 13 +253.8%
Accounts Payable 1,135 980 +15.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 117 75 +56.0%
Kentucky Utilities Co [Member] · Related Party 105 94 +11.7%
Louisville Gas And Electric Co [Member] · Nonrelated Party 164 148 +10.8%
Louisville Gas And Electric Co [Member] · Related Party 71 58 +22.4%
PPL Electric Utilities Corp [Member] · Nonrelated Party 498 462 +7.8%
PPL Electric Utilities Corp [Member] · Related Party 68 34 +100.0%
Taxes Payable Current 143 109 +31.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 28 26 +7.7%
Louisville Gas And Electric Co [Member] 28 27 +3.7%
Interest Payable Current 152 145 +4.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 23 23 0.0%
Louisville Gas And Electric Co [Member] 20 20 0.0%
PPL Electric Utilities Corp [Member] 55 58 -5.2%
Dividends Payable Current 197 186 +5.9%
Current Customer Deposits (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 39 38 +2.6%
Louisville Gas And Electric Co [Member] 37 35 +5.7%
Regulatory Liability Current 273 226 +20.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 23 12 +91.7%
Kentucky Utilities Co [Member] · Demand Side Management [Member] 14 6 +133.3%
Kentucky Utilities Co [Member] · Environmental Cost Recovery [Member] 2
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 7
Louisville Gas And Electric Co [Member] 15 5 +200.0%
Louisville Gas And Electric Co [Member] · Demand Side Management [Member] 10 4 +150.0%
Louisville Gas And Electric Co [Member] · Environmental Cost Recovery [Member] 4
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 1 1 0.0%
PPL Electric Utilities Corp [Member] 62 86 -27.9%
PPL Electric Utilities Corp [Member] · Generation Supply Charge [Member] 44 72 -38.9%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 8
PPL Electric Utilities Corp [Member] · Transmission Formula Rate [Member] 10 7 +42.9%
Show Regulatory Liability breakouts
Deferred revenue 21
Demand Side Management [Member] 24 10 +140.0%
Energy efficiency charge 27 25 +8.0%
Environmental Cost Recovery [Member] 6
Generation Supply Charge [Member] 44 72 -38.9%
Other Regulatory Assets Liabilities 26 18 +44.4%
Rate adjustment mechanism 64 79 -19.0%
Revenue decoupling mechanism 42
Transmission Formula Rate [Member] 19 9 +111.1%
Asset Retirement Obligation Current (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7 14 -50.0%
Louisville Gas And Electric Co [Member] 6 11 -45.5%
Other Liabilities Current 573 479 +19.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 57 55 +3.6%
Louisville Gas And Electric Co [Member] 53 44 +20.5%
PPL Electric Utilities Corp [Member] 117 88 +33.0%
Total Current Liabilities 4,978 2,515 +97.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 988 450 +119.6%
Louisville Gas And Electric Co [Member] 852 377 +126.0%
PPL Electric Utilities Corp [Member] 1,184 738 +60.4%
Commercial Paper (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Commercial Paper 275 100 +175.0%
Louisville Gas And Electric Co [Member] · Commercial Paper 158 10 +1480.0%
PPL Electric Utilities Corp [Member] · Commercial Paper 385
Show By Company [Axis] breakouts
KU [Member] · Commercial Paper 275 100 +175.0%
LGE [Member] · Commercial Paper 158 10 +1480.0%
PPL Capital Funding [Member] · Commercial Paper 470 280 +67.9%
PPL Capital Funding [Member] · Syndicated Credit Facility [Member] 470 280 +67.9%
PPL Electric [Member] · Commercial Paper 385
Show Short Term Debt Type breakouts
Commercial Paper 1,288 390 +230.3%
Non-Current Liabilities
Long-Term Debt 15,292 15,756 -2.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,799 3,065 -8.7%
Louisville Gas And Electric Co [Member] 2,172 2,470 -12.1%
PPL Electric Utilities Corp [Member] 5,215 5,212 +0.1%
Deferred Tax Liabilities 3,501 3,263 +7.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 943 919 +2.6%
Louisville Gas And Electric Co [Member] 815 787 +3.6%
PPL Electric Utilities Corp [Member] 1,792 1,643 +9.1%
Deferred Investment Tax Credit 110 112 -1.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 80 82 -2.4%
Louisville Gas And Electric Co [Member] 29 30 -3.3%
Defined Benefit Pension Plan Liabilities Noncurrent 294 234 +25.6%
Asset Retirement Obligations Noncurrent 141 137 +2.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 55 55 0.0%
Louisville Gas And Electric Co [Member] 76 74 +2.7%
Regulatory Liability Noncurrent 3,335 3,350 -0.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,003 1,013 -1.0%
Kentucky Utilities Co [Member] · Net deferred taxes [Member] 484 510 -5.1%
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 17 4 +325.0%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 66 62 +6.5%
Kentucky Utilities Co [Member] · Removal Costs 410 405 +1.2%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swaps [Member] 26 28 -7.1%
Louisville Gas And Electric Co [Member] 813 822 -1.1%
Louisville Gas And Electric Co [Member] · Net deferred taxes [Member] 428 450 -4.9%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 11 2 +450.0%
Louisville Gas And Electric Co [Member] · Pension And Other Postretirement Plans Costs 24 20 +20.0%
Louisville Gas And Electric Co [Member] · Removal Costs 324 312 +3.8%
Louisville Gas And Electric Co [Member] · Terminated Interest Rate Swaps [Member] 26 28 -7.1%
PPL Electric Utilities Corp [Member] 831 840 -1.1%
PPL Electric Utilities Corp [Member] · Net deferred taxes [Member] 721 753 -4.2%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 110 87 +26.4%
Show Regulatory Liability breakouts
Energy efficiency charge 30 20 +50.0%
Net deferred taxes [Member] 1,851 1,940 -4.6%
Other Regulatory Assets Liabilities 57 36 +58.3%
Pension And Other Postretirement Plans Costs 307 267 +15.0%
Removal Costs 1,038 1,017 +2.1%
Terminated Interest Rate Swaps [Member] 52 56 -7.1%
Price Risk Management Liabilities (Q)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 5
Other Non-Current Liabilities 426 407 +4.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 35 33 +6.1%
Louisville Gas And Electric Co [Member] 67 65 +3.1%
PPL Electric Utilities Corp [Member] 124 98 +26.5%
Liabilities Other Than Longterm Debt Noncurrent 7,807 7,503 +4.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,116 2,102 +0.7%
Louisville Gas And Electric Co [Member] 1,805 1,782 +1.3%
PPL Electric Utilities Corp [Member] 2,747 2,581 +6.4%
Stockholders' Equity
Common Stock 8 8 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 308 308 0.0%
Louisville Gas And Electric Co [Member] 424 424 0.0%
PPL Electric Utilities Corp [Member] 364 364 0.0%
Additional Paid In Capital Common Stock 12,343 12,321 +0.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,110 3,067 +1.4%
Louisville Gas And Electric Co [Member] 2,028 1,979 +2.5%
PPL Electric Utilities Corp [Member] 4,568 4,720 -3.2%
Treasury Stock Common Value -902 -930 +3.0%
Retained Earnings 3,027 2,826 +7.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,010 879 +14.9%
Louisville Gas And Electric Co [Member] 915 813 +12.5%
PPL Electric Utilities Corp [Member] 1,814 1,614 +12.4%
Accumulated Other Comprehensive Income -190 -160 -18.8%
Show Accumulated Other Comprehensive Income Components [Axis] breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit -3 -4 +25.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss -202 -167 -21.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent 11 7 +57.1%
Equity Investees' OCI 4 4 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 14,286 14,065 +1.6%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -190 -160 -18.8%
Additional Paid In Capital 12,343 12,321 +0.2%
Additional Paid In Capital · Kentucky Utilities Co [Member] 3,110 3,067 +1.4%
Additional Paid In Capital · Louisville Gas And Electric Co [Member] 2,028 1,979 +2.5%
Additional Paid In Capital · PPL Electric Utilities Corp [Member] 4,568 4,720 -3.2%
Common Stock 8 8 0.0%
Common Stock · Kentucky Utilities Co [Member] 308 308 0.0%
Common Stock · Louisville Gas And Electric Co [Member] 424 424 0.0%
Common Stock · PPL Electric Utilities Corp [Member] 364 364 0.0%
Retained Earnings 3,027 2,826 +7.1%
Retained Earnings · Kentucky Utilities Co [Member] 1,010 879 +14.9%
Retained Earnings · Louisville Gas And Electric Co [Member] 915 813 +12.5%
Retained Earnings · PPL Electric Utilities Corp [Member] 1,814 1,614 +12.4%
Treasury Stock Common -902 -930 +3.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4,428 4,254 +4.1%
Louisville Gas And Electric Co [Member] 3,367 3,216 +4.7%
PPL Electric Utilities Corp [Member] 6,746 6,698 +0.7%
Total Liabilities & Equity 42,363 39,839 +6.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,331 9,871 +4.7%
Louisville Gas And Electric Co [Member] 8,196 7,845 +4.5%
PPL Electric Utilities Corp [Member] 15,892 15,229 +4.4%
Construction In Progress Gross 3,088 1,954 +58.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 850 449 +89.3%
Louisville Gas And Electric Co [Member] 571 383 +49.1%
PPL Electric Utilities Corp [Member] 1,140 801 +42.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Adjustment For Amortization 49 47 +4.3%
Show Business Segments breakouts
Corporate 6 4 +50.0%
Kentucky Regulated [Member] 22 18 +22.2%
Pennsylvania Regulated [Member] 21 25 -16.0%
Total Segments 43 43 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8 9 -11.1%
Louisville Gas And Electric Co [Member] 11 8 +37.5%
PPL Electric Utilities Corp [Member] 21 25 -16.0%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -30 -35 +14.3%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -15 -19 +21.1%
Deferred Income Taxes And Tax Credits 104 114 -8.8%
Show Business Segments breakouts
Corporate 27 17 +58.8%
Kentucky Regulated [Member] 11 1 +1000.0%
Pennsylvania Regulated [Member] 48 60 -20.0%
Rhode Island Regulated 18 36 -50.0%
Total Segments 77 97 -20.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4 -7 +157.1%
Louisville Gas And Electric Co [Member] 1 2 -50.0%
PPL Electric Utilities Corp [Member] 48 60 -20.0%
Other Non-Cash Items 3 10 -70.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -5 -5 0.0%
Louisville Gas And Electric Co [Member] -3 -2 -50.0%
PPL Electric Utilities Corp [Member] -13 -9 -44.4%
Increase Decrease In Receivables -91 162 -156.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3 -19 +115.8%
Louisville Gas And Electric Co [Member] 19 -10 +290.0%
PPL Electric Utilities Corp [Member] -83 12 -791.7%
Increase Decrease In Accounts Receivable Related Parties (YTD)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 12 -10 +220.0%
Increase Decrease In Accounts Payable Trade -167 -167 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -5 -24 +79.2%
Louisville Gas And Electric Co [Member] -8 11 -172.7%
PPL Electric Utilities Corp [Member] -83 -33 -151.5%
Increase Decrease In Accounts Payable Related Parties (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 6 23 -73.9%
Louisville Gas And Electric Co [Member] 7 9 -22.2%
Net Change Unbilled Revenues 63 74 -14.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -4 -10 +60.0%
Louisville Gas And Electric Co [Member] 3 6 -50.0%
PPL Electric Utilities Corp [Member] 17 40 -57.5%
Change in Inventory 13 4 +225.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -7 15 -146.7%
Louisville Gas And Electric Co [Member] 15 2 +650.0%
PPL Electric Utilities Corp [Member] -10 -11 +9.1%
Increase Decrease In Prepaid Expense -56 -107 +47.7%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -38 -88 +56.8%
Increase Decrease In Accrued Taxes Payable 40 -21 +290.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -9 -6 -50.0%
Louisville Gas And Electric Co [Member] -12 -14 +14.3%
PPL Electric Utilities Corp [Member] -1 -41 +97.6%
Increase Decrease In Regulatory Assets And Liabilities 64 -74 +186.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2 13 -84.6%
Louisville Gas And Electric Co [Member] -17 -10 -70.0%
PPL Electric Utilities Corp [Member] 46 -52 +188.5%
Increase Decrease In Interest Payable Net -5 21 -123.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -1 -1 0.0%
Louisville Gas And Electric Co [Member] -1 -1 0.0%
Increase Decrease In Other Operating Capital Net -52 -57 +8.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -23 -7 -228.6%
Louisville Gas And Electric Co [Member] -12 -11 -9.1%
Pension And Other Postretirement Benefit Contributions -7 -7 0.0%
Asset Retirement Obligation Cash Paid To Settle (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -4 -4 0.0%
Louisville Gas And Electric Co [Member] -4 -6 +33.3%
Increase Decrease In Other Noncurrent Assets -77 -60 -28.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -18 1 -1900.0%
Louisville Gas And Electric Co [Member] -43 -7 -514.3%
PPL Electric Utilities Corp [Member] -26 -19 -36.8%
Change in Other Liabilities 21 12 +75.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -2 -11 +81.8%
Louisville Gas And Electric Co [Member] -1 -2 +50.0%
PPL Electric Utilities Corp [Member] -6 -4 -50.0%
Net Cash from Operations 1,115 1,048 +6.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 351 352 -0.3%
Louisville Gas And Electric Co [Member] 279 273 +2.2%
PPL Electric Utilities Corp [Member] 382 353 +8.2%
Investing Activities
Capital Expenditures -1,723 -1,266 -36.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -391 -296 -32.1%
Louisville Gas And Electric Co [Member] -296 -207 -43.0%
PPL Electric Utilities Corp [Member] -697 -519 -34.3%
Payments To Acquire Intangible Assets (YTD)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -4 -2 -100.0%
Proceeds From Payments For Long Term Loans For Related Parties (YTD)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] -10
PPL Electric Utilities Corp [Member] 222 -502 +144.2%
Other Investing Activities 10 5 +100.0%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 12 3 +300.0%
Net Cash from Investing -1,713 -1,261 -35.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -391 -296 -32.1%
Louisville Gas And Electric Co [Member] -306 -207 -47.8%
PPL Electric Utilities Corp [Member] -467 -1,020 +54.2%
Financing Activities
Increase Decrease In Notes Payable To Affiliates (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -27 13 -307.7%
Louisville Gas And Electric Co [Member] -43 19 -326.3%
Payments Of Dividends Common Stock -392 -367 -6.8%
Cash Dividends Paid To Parent Company (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -128 -117 -9.4%
Louisville Gas And Electric Co [Member] -111 -97 -14.4%
PPL Electric Utilities Corp [Member] -207 -184 -12.5%
Proceeds From Repayments Of Short Term Debt (YTD)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 384 -509 +175.4%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 983 -603 +263.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 135 7 +1828.6%
Louisville Gas And Electric Co [Member] 133 10 +1230.0%
Proceeds From Contributions From Parent (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 91 84 +8.3%
Louisville Gas And Electric Co [Member] 101 37 +173.0%
Repayment Of Capital To Parent (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -37 -50 +26.0%
Louisville Gas And Electric Co [Member] -55 -51 -7.8%
PPL Electric Utilities Corp [Member] -100
Proceeds From Payments For Other Financing Activities -14 -23 +39.1%
Debt Issuance Costs (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -1
Louisville Gas And Electric Co [Member] -1
PPL Electric Utilities Corp [Member] -1 -7 +85.7%
Net Cash from Financing 577 155 +272.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 33 -63 +152.4%
Louisville Gas And Electric Co [Member] 24 -82 +129.3%
PPL Electric Utilities Corp [Member] 76 629 -87.9%
Supplemental
Unpaid Capital Expenditures 450 288 +56.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 100 62 +61.3%
Louisville Gas And Electric Co [Member] 74 55 +34.5%
PPL Electric Utilities Corp [Member] 201 161 +24.8%
Other Cash Flow
Net Change in Cash -21 -58 +63.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -7 -7 0.0%
Louisville Gas And Electric Co [Member] -3 -16 +81.2%
PPL Electric Utilities Corp [Member] -9 -38 +76.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 318 324 -1.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 22 31 -29.0%
Louisville Gas And Electric Co [Member] 21 28 -25.0%
PPL Electric Utilities Corp [Member] 15 13 +15.4%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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