PPL Corp

PPL 10-Q · Q3 2025

PPL Q3 2025 request

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Income Statement

Income Statement
Metric Q3 2025 Q3 2024 YoY
Regulated Operating Revenue (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 524 498 +5.2%
Kentucky Utilities Co [Member] · Related Party 6 11 -45.5%
Louisville Gas And Electric Co [Member] · Nonrelated Party 420 396 +6.1%
Louisville Gas And Electric Co [Member] · Related Party 7 1 +600.0%
Revenue 2,239 2,066 +8.4%
Show Business Segments breakouts
Kentucky Regulated [Member] 944 895 +5.5%
Pennsylvania Regulated [Member] 786 716 +9.8%
Rhode Island Regulated 509 455 +11.9%
Total Segments 2,239 2,066 +8.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 530 509 +4.1%
Louisville Gas And Electric Co [Member] 427 397 +7.6%
PPL Electric Utilities Corp [Member] 786 716 +9.8%
Fuel Costs 231 207 +11.6%
Show Business Segments breakouts
Kentucky Regulated [Member] 231 207 +11.6%
Total Segments 231 207 +11.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 135 131 +3.1%
Louisville Gas And Electric Co [Member] 97 75 +29.3%
Purchased Power And Gas 422 338 +24.9%
Show Business Segments breakouts
Kentucky Regulated [Member] 23 25 -8.0%
Pennsylvania Regulated [Member] 224 177 +26.6%
Rhode Island Regulated 173 135 +28.1%
Rhode Island Regulated · Net metering 34 25 +36.0%
Total Segments 420 337 +24.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 6 7 -14.3%
Louisville Gas And Electric Co [Member] 17 19 -10.5%
PPL Electric Utilities Corp [Member] 224 177 +26.6%
Utilities Operating Expense Purchased Power From Related Parties (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7 1 +600.0%
Louisville Gas And Electric Co [Member] 6 11 -45.5%
Utilities Operating Expense Maintenance Operations And Other Costs And Expenses 586 681 -14.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 101 103 -1.9%
Louisville Gas And Electric Co [Member] 91 84 +8.3%
PPL Electric Utilities Corp [Member] 160 176 -9.1%
Depreciation 331 322 +2.8%
Show Business Segments breakouts
Kentucky Regulated [Member] 180 178 +1.1%
Pennsylvania Regulated [Member] 105 101 +4.0%
Rhode Island Regulated 45 42 +7.1%
Total Segments 330 321 +2.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 102 102 0.0%
Louisville Gas And Electric Co [Member] 77 76 +1.3%
PPL Electric Utilities Corp [Member] 105 101 +4.0%
Utilities Operating Expense Taxes 100 90 +11.1%
Show Business Segments breakouts
Kentucky Regulated [Member] 26 25 +4.0%
Pennsylvania Regulated [Member] 38 32 +18.8%
Rhode Island Regulated 38 33 +15.2%
Total Segments 102 90 +13.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 13 12 +8.3%
Louisville Gas And Electric Co [Member] 13 13 0.0%
PPL Electric Utilities Corp [Member] 38 32 +18.8%
Utilities Operating Expense 1,670 1,638 +2.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 364 356 +2.2%
Louisville Gas And Electric Co [Member] 301 278 +8.3%
PPL Electric Utilities Corp [Member] 527 486 +8.4%
Operating Income 569 428 +32.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 166 153 +8.5%
Louisville Gas And Electric Co [Member] 126 119 +5.9%
PPL Electric Utilities Corp [Member] 259 230 +12.6%
Other Non-Operating Income (Expense) 39 32 +21.9%
Show Business Segments breakouts
Kentucky Regulated [Member] 17 8 +112.5%
Pennsylvania Regulated [Member] 14 13 +7.7%
Rhode Island Regulated 2 7 -71.4%
Total Segments 33 28 +17.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 9 4 +125.0%
Louisville Gas And Electric Co [Member] 8 3 +166.7%
PPL Electric Utilities Corp [Member] 14 13 +7.7%
Interest Income Other (Q)
Show Business Segments breakouts
Pennsylvania Regulated [Member] · Related Party 2 7 -71.4%
Total Segments · Related Party 2 7 -71.4%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] · Related Party 2 7 -71.4%
Interest Expense 210 188 +11.7%
Show Business Segments breakouts
Kentucky Regulated [Member] 68 60 +13.3%
Pennsylvania Regulated [Member] 67 61 +9.8%
Rhode Island Regulated 28 25 +12.0%
Total Segments 163 146 +11.6%
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 38 35 +8.6%
Louisville Gas And Electric Co [Member] 30 26 +15.4%
PPL Electric Utilities Corp [Member] 67 61 +9.8%
Income Tax Expense (Benefit) 80 58 +37.9%
Show Business Segments breakouts
Corporate -22,000,000 -34,000,000 +35.3%
Kentucky Regulated [Member] 47 43 +9.3%
Pennsylvania Regulated [Member] 49 47 +4.3%
Rhode Island Regulated 4 2 +100.0%
Total Segments 100 92 +8.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 28 24 +16.7%
Louisville Gas And Electric Co [Member] 21 20 +5.0%
PPL Electric Utilities Corp [Member] 49 47 +4.3%
Net Income 318 214 +48.6%
Show Business Segments breakouts
Corporate -53 -111 +52.3%
Kentucky Regulated [Member] 185 169 +9.5%
Pennsylvania Regulated [Member] 159 142 +12.0%
Rhode Island Regulated 27 14 +92.9%
Total Segments 371 325 +14.2%
Show Equity Components breakouts
Retained Earnings 318 214 +48.6%
Retained Earnings · Kentucky Utilities Co [Member] 109 98 +11.2%
Retained Earnings · Louisville Gas And Electric Co [Member] 83 77 +7.8%
Retained Earnings · PPL Electric Utilities Corp [Member] 159 142 +12.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 109 98 +11.2%
Louisville Gas And Electric Co [Member] 83 77 +7.8%
PPL Electric Utilities Corp [Member] 159 142 +12.0%
EPS (Diluted) 0.43 0.29 +48.3%
Wtd Avg Shares (Basic) 739,525 737,773 +0.2%
Wtd Avg Shares (Diluted) 744,290 739,965 +0.6%
Income Before Taxes 398 272 +46.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 137 122 +12.3%
Louisville Gas And Electric Co [Member] 104 97 +7.2%
PPL Electric Utilities Corp [Member] 208 189 +10.1%
Income Loss From Continuing Operations Per Basic Share 0.43 0.29 +48.3%
Income Loss From Continuing Operations Per Diluted Share 0.43 0.29 +48.3%
Revenue -2,237 -2,077 -7.7%
Show Business Segments breakouts
Kentucky Regulated [Member] -941 -910 -3.4%
Kentucky Regulated [Member] · Commercial [Member] -278 -268 -3.7%
Kentucky Regulated [Member] · Industrial [Member] -162 -161 -0.6%
Kentucky Regulated [Member] · Other [Member] -74 -76 +2.6%
Kentucky Regulated [Member] · Residential [Member] -394 -378 -4.2%
Kentucky Regulated [Member] · Wholesale - municipal [Member] -7 -7 0.0%
Kentucky Regulated [Member] · Wholesale - other [Member] -26 -20 -30.0%
Pennsylvania Regulated [Member] -782 -709 -10.3%
Pennsylvania Regulated [Member] · Commercial [Member] -119 -111 -7.2%
Pennsylvania Regulated [Member] · Industrial [Member] -16 -12 -33.3%
Pennsylvania Regulated [Member] · Other [Member] -15 -15 0.0%
Pennsylvania Regulated [Member] · Residential [Member] -403 -367 -9.8%
Pennsylvania Regulated [Member] · Transmission [Member] -229 -204 -12.3%
Rhode Island Regulated -514 -458 -12.2%
Rhode Island Regulated · Commercial [Member] -158 -38 -315.8%
Rhode Island Regulated · Commercial [Member] -122
Rhode Island Regulated · Industrial [Member] -23 -5 -360.0%
Rhode Island Regulated · Industrial [Member] -23
Rhode Island Regulated · Other [Member] -9 -251 +96.4%
Rhode Island Regulated · Residential [Member] -258 -112 -130.4%
Rhode Island Regulated · Residential [Member] -153
Rhode Island Regulated · Transmission [Member] -66 -52 -26.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -531 -515 -3.1%
Kentucky Utilities Co [Member] · Commercial [Member] -141 -136 -3.7%
Kentucky Utilities Co [Member] · Industrial [Member] -113 -113 0.0%
Kentucky Utilities Co [Member] · Other [Member] -46 -45 -2.2%
Kentucky Utilities Co [Member] · Residential [Member] -199 -188 -5.9%
Kentucky Utilities Co [Member] · Wholesale - municipal [Member] -7 -7 0.0%
Kentucky Utilities Co [Member] · Wholesale - other [Member] -25 -26 +3.8%
Louisville Gas And Electric Co [Member] -424 -407 -4.2%
Louisville Gas And Electric Co [Member] · Commercial [Member] -137 -132 -3.8%
Louisville Gas And Electric Co [Member] · Industrial [Member] -49 -48 -2.1%
Louisville Gas And Electric Co [Member] · Other [Member] -29 -31 +6.5%
Louisville Gas And Electric Co [Member] · Residential [Member] -195 -190 -2.6%
Louisville Gas And Electric Co [Member] · Wholesale - other [Member] -14 -6 -133.3%
PPL Electric Utilities Corp [Member] -782 -709 -10.3%
PPL Electric Utilities Corp [Member] · Commercial [Member] -119 -111 -7.2%
PPL Electric Utilities Corp [Member] · Industrial [Member] -16 -12 -33.3%
PPL Electric Utilities Corp [Member] · Other [Member] -15 -15 0.0%
PPL Electric Utilities Corp [Member] · Residential [Member] -403 -367 -9.8%
PPL Electric Utilities Corp [Member] · Transmission [Member] -229 -204 -12.3%
Show Major Customers breakouts
Commercial [Member] -555 -417 -33.1%
Industrial [Member] -201 -178 -12.9%
Other [Member] -98 -342 +71.3%
Residential [Member] -1,055 -857 -23.1%
Transmission [Member] -295 -256 -15.2%
Wholesale - municipal [Member] -7 -7 0.0%
Wholesale - other [Member] -26 -20 -30.0%
Comprehensive Income 315 211 +49.3%
EPS (Basic) 0.43 0.29 +48.3%
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 1 0.0%
Show Accumulated Other Comprehensive Income Components [Axis] breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 1 1 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -1 -1 0.0%

Balance Sheet

Balance Sheet
Metric Q3 2025 Q3 2024 YoY
Current Assets
Cash & Cash Equivalents 1,102 542 +103.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 341 16 +2031.2%
Louisville Gas And Electric Co [Member] 515 10 +5050.0%
PPL Electric Utilities Corp [Member] 13 35 -62.9%
Accounts Receivable 1,002 939 +6.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 155 161 -3.7%
Louisville Gas And Electric Co [Member] · Nonrelated Party 124 122 +1.6%
Louisville Gas And Electric Co [Member] · Related Party 31 29 +6.9%
PPL Electric Utilities Corp [Member] · Nonrelated Party 418 360 +16.1%
PPL Electric Utilities Corp [Member] · Related Party 6 15 -60.0%
Nontrade Receivables Current 101 61 +65.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 31 13 +138.5%
Louisville Gas And Electric Co [Member] 28 24 +16.7%
PPL Electric Utilities Corp [Member] 45 8 +462.5%
Unbilled Contracts Receivable 355 319 +11.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 90 88 +2.3%
Louisville Gas And Electric Co [Member] 70 67 +4.5%
PPL Electric Utilities Corp [Member] 116 99 +17.2%
Notes Receivable Net (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 509 418 +21.8%
PPL Electric Utilities Corp [Member] · Related Party 509 418 +21.8%
Inventory 517 517 0.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 177 168 +5.4%
Louisville Gas And Electric Co [Member] 142 145 -2.1%
PPL Electric Utilities Corp [Member] 132 115 +14.8%
Prepaid Expense Current 145 179 -19.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 14 16 -12.5%
Louisville Gas And Electric Co [Member] 12 14 -14.3%
PPL Electric Utilities Corp [Member] 69 108 -36.1%
Regulatory Assets Current 312 342 -8.8%
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 24 5 +380.0%
Louisville Gas And Electric Co [Member] · Asset Recoverable Gas Costs 15
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 9 1 +800.0%
PPL Electric Utilities Corp [Member] 90 117 -23.1%
PPL Electric Utilities Corp [Member] · Distribution System Improvement Charge 9 8 +12.5%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 8 1 +700.0%
PPL Electric Utilities Corp [Member] · Storm Damage costs[Member] 35 51 -31.4%
PPL Electric Utilities Corp [Member] · Tax Cuts and Jobs Act (over/under) 38 9 +322.2%
Show Regulatory Asset breakouts
Asset Recoverable Gas Costs 15
Distribution System Improvement Charge 9 8 +12.5%
ISR deferral 7
Other Regulatory Assets Liabilities 18 32 -43.8%
Rate adjustment mechanism 100 118 -15.3%
Renewable Energy Program 27 15 +80.0%
Storm Damage costs[Member] 35 51 -31.4%
Tax Cuts and Jobs Act (over/under) 38 9 +322.2%
Transmission Service Charge [Member] 63 56 +12.5%
Other Assets Current 98 75 +30.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 19 10 +90.0%
Louisville Gas And Electric Co [Member] 9 7 +28.6%
PPL Electric Utilities Corp [Member] 40 29 +37.9%
Total Current Assets 3,632 2,974 +22.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 827 475 +74.1%
Louisville Gas And Electric Co [Member] 955 423 +125.8%
PPL Electric Utilities Corp [Member] 1,438 1,304 +10.3%
Non-Current Assets
Property, Plant & Equipment 35,153 32,627 +7.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8,745 8,230 +6.3%
Louisville Gas And Electric Co [Member] 6,858 6,566 +4.4%
PPL Electric Utilities Corp [Member] 14,178 13,022 +8.9%
Regulatory Assets Noncurrent 2,058 1,894 +8.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 458 438 +4.6%
Kentucky Utilities Co [Member] · Advance metering Infrastructure 18 12 +50.0%
Kentucky Utilities Co [Member] · Asset Retirement Obligation Costs 196 209 -6.2%
Kentucky Utilities Co [Member] · Gas line Inspections 2 2 0.0%
Kentucky Utilities Co [Member] · Kentucky Public Service Commission [Member] 7
Kentucky Utilities Co [Member] · Loss On Reacquired Debt 6 6 0.0%
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 11 7 +57.1%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 148 132 +12.1%
Kentucky Utilities Co [Member] · Plant outage costs [Member] 19 25 -24.0%
Kentucky Utilities Co [Member] · Storm Costs 38 23 +65.2%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swaps [Member] 20 22 -9.1%
Louisville Gas And Electric Co [Member] 485 389 +24.7%
Louisville Gas And Electric Co [Member] · Advance metering Infrastructure 19 12 +58.3%
Louisville Gas And Electric Co [Member] · Asset Retirement Obligation Costs 76 75 +1.3%
Louisville Gas And Electric Co [Member] · Gas line Inspections 22 22 0.0%
Louisville Gas And Electric Co [Member] · Kentucky Public Service Commission [Member] 2
Louisville Gas And Electric Co [Member] · Loss On Reacquired Debt 8 9 -11.1%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 9
Louisville Gas And Electric Co [Member] · Pension And Other Postretirement Plans Costs 216 205 +5.4%
Louisville Gas And Electric Co [Member] · Plant outage costs [Member] 5 8 -37.5%
Louisville Gas And Electric Co [Member] · Retired asset recovery 78
Louisville Gas And Electric Co [Member] · Storm Costs 24 19 +26.3%
Louisville Gas And Electric Co [Member] · Terminated Interest Rate Swaps [Member] 28 32 -12.5%
PPL Electric Utilities Corp [Member] 703 622 +13.0%
PPL Electric Utilities Corp [Member] · Loss On Reacquired Debt 3 3 0.0%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 12 1 +1100.0%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 479 428 +11.9%
PPL Electric Utilities Corp [Member] · Removal Costs 168 173 -2.9%
PPL Electric Utilities Corp [Member] · Storm Costs 41 17 +141.2%
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 37 24 +54.2%
Asset Retirement Obligation Costs 272 284 -4.2%
Environmental Restoration Costs 96 97 -1.0%
Gas line Inspections 24 24 0.0%
Loss On Reacquired Debt 19 20 -5.0%
Net metering 160 140 +14.3%
Other Regulatory Assets Liabilities 57 44 +29.5%
Pension And Other Postretirement Plans Costs 964 882 +9.3%
Plant outage costs [Member] 24 32 -25.0%
Removal Costs 168 173 -2.9%
Retired asset recovery 78
Storm Costs 111 108 +2.8%
Terminated Interest Rate Swaps [Member] 48 54 -11.1%
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] 26 29 -10.3%
Louisville Gas And Electric Co [Member] 8 14 -42.9%
PPL Electric Utilities Corp [Member] 277 272 +1.8%
Other Non-Current Assets 537 416 +29.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 170 160 +6.2%
Louisville Gas And Electric Co [Member] 153 97 +57.7%
PPL Electric Utilities Corp [Member] 106 108 -1.9%
Assets Noncurrent 5,154 4,871 +5.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,261 1,234 +2.2%
Louisville Gas And Electric Co [Member] 1,035 889 +16.4%
PPL Electric Utilities Corp [Member] 1,086 1,002 +8.4%
Total Assets 43,939 40,472 +8.6%
Show Business Segments breakouts
Corporate 756 835 -9.5%
Kentucky Regulated [Member] 19,234 17,356 +10.8%
Pennsylvania Regulated [Member] 16,702 15,328 +9.0%
Rhode Island Regulated 7,247 6,953 +4.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,833 9,939 +9.0%
Louisville Gas And Electric Co [Member] 8,848 7,878 +12.3%
PPL Electric Utilities Corp [Member] 16,702 15,328 +9.0%
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 41,776 40,097 +4.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,614 10,369 +2.4%
Louisville Gas And Electric Co [Member] 7,950 7,826 +1.6%
PPL Electric Utilities Corp [Member] 17,100 16,193 +5.6%
Public Utilities Property Plant And Equipment Accumulated Depreciation 10,182 9,647 +5.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,873 2,647 +8.5%
Louisville Gas And Electric Co [Member] 1,805 1,683 +7.2%
PPL Electric Utilities Corp [Member] 4,106 3,994 +2.8%
Public Utilities Property Plant And Equipment Net 31,594 30,450 +3.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7,741 7,722 +0.2%
Louisville Gas And Electric Co [Member] 6,145 6,143 0.0%
PPL Electric Utilities Corp [Member] 12,994 12,199 +6.5%
Property Plant And Equipment Other 81 76 +6.6%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 35 28 +25.0%
Property Plant And Equipment Net Nonregulated 46 48 -4.2%
Current Liabilities
Short Term Borrowings 595
Current Portion of Long-Term Debt 1,455 1 +145400.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 414
Louisville Gas And Electric Co [Member] 390
Accounts Payable 1,188 920 +29.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 108 85 +27.1%
Kentucky Utilities Co [Member] · Related Party 118 78 +51.3%
Louisville Gas And Electric Co [Member] · Nonrelated Party 189 127 +48.8%
Louisville Gas And Electric Co [Member] · Related Party 70 46 +52.2%
PPL Electric Utilities Corp [Member] · Nonrelated Party 529 442 +19.7%
PPL Electric Utilities Corp [Member] · Related Party 69 35 +97.1%
Taxes Payable Current 132 122 +8.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 40 39 +2.6%
Louisville Gas And Electric Co [Member] 41 40 +2.5%
Interest Payable Current 237 228 +3.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 61 55 +10.9%
Louisville Gas And Electric Co [Member] 49 43 +14.0%
PPL Electric Utilities Corp [Member] 78 75 +4.0%
Dividends Payable Current 197 186 +5.9%
Current Customer Deposits (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 40 39 +2.6%
Louisville Gas And Electric Co [Member] 36 35 +2.9%
PPL Electric Utilities Corp [Member] 63
Regulatory Liability Current 291 246 +18.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 24 26 -7.7%
Kentucky Utilities Co [Member] · Demand Side Management [Member] 15 8 +87.5%
Kentucky Utilities Co [Member] · Environmental Cost Recovery [Member] 3 6 -50.0%
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 6 1 +500.0%
Louisville Gas And Electric Co [Member] 14 18 -22.2%
Louisville Gas And Electric Co [Member] · Demand Side Management [Member] 9 7 +28.6%
Louisville Gas And Electric Co [Member] · Environmental Cost Recovery [Member] 4 8 -50.0%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 1 1 0.0%
PPL Electric Utilities Corp [Member] 71 69 +2.9%
PPL Electric Utilities Corp [Member] · Generation Supply Charge [Member] 45 59 -23.7%
PPL Electric Utilities Corp [Member] · Other Regulatory Assets Liabilities 17
PPL Electric Utilities Corp [Member] · Transmission Formula Rate [Member] 9 3 +200.0%
Show Regulatory Liability breakouts
Demand Side Management [Member] 24 15 +60.0%
Energy efficiency charge 25 25 0.0%
Environmental Cost Recovery [Member] 7 14 -50.0%
Generation Supply Charge [Member] 45 59 -23.7%
Other Regulatory Assets Liabilities 49 20 +145.0%
Rate adjustment mechanism 71 87 -18.4%
Revenue decoupling mechanism 40
Transmission Formula Rate [Member] 30 6 +400.0%
Asset Retirement Obligation Current (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4 10 -60.0%
Louisville Gas And Electric Co [Member] 4 11 -63.6%
Other Liabilities Current 596 603 -1.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 53 59 -10.2%
Louisville Gas And Electric Co [Member] 46 38 +21.1%
PPL Electric Utilities Corp [Member] 62 113 -45.1%
Total Current Liabilities 4,691 2,306 +103.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 862 519 +66.1%
Louisville Gas And Electric Co [Member] 839 393 +113.5%
PPL Electric Utilities Corp [Member] 872 749 +16.4%
Commercial Paper (Q)
Show By Company [Axis] breakouts
PPL Capital Funding [Member] · Commercial Paper 445
PPL Capital Funding [Member] · Syndicated Credit Facility [Member] 445
Rhode Island Energy · Commercial Paper 151
Rhode Island Energy · Syndicated Credit Facility [Member] 151
Show Short Term Debt Type breakouts
Commercial Paper 596
Non-Current Liabilities
Long-Term Debt 16,936 16,499 +2.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,346 3,065 +9.2%
Louisville Gas And Electric Co [Member] 2,775 2,470 +12.3%
PPL Electric Utilities Corp [Member] 5,707 5,213 +9.5%
Deferred Tax Liabilities 3,575 3,305 +8.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 958 921 +4.0%
Louisville Gas And Electric Co [Member] 822 794 +3.5%
PPL Electric Utilities Corp [Member] 1,815 1,677 +8.2%
Deferred Investment Tax Credit 109 112 -2.7%
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 284 218 +30.3%
Asset Retirement Obligations Noncurrent 141 139 +1.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 58 56 +3.6%
Louisville Gas And Electric Co [Member] 75 73 +2.7%
Regulatory Liability Noncurrent 3,322 3,371 -1.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 999 1,014 -1.5%
Kentucky Utilities Co [Member] · Net deferred taxes [Member] 476 503 -5.4%
Kentucky Utilities Co [Member] · Other Regulatory Assets Liabilities 19 6 +216.7%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 67 63 +6.3%
Kentucky Utilities Co [Member] · Removal Costs 411 411 0.0%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swaps [Member] 26 27 -3.7%
Louisville Gas And Electric Co [Member] 812 821 -1.1%
Louisville Gas And Electric Co [Member] · Net deferred taxes [Member] 422 445 -5.2%
Louisville Gas And Electric Co [Member] · Other Regulatory Assets Liabilities 12 3 +300.0%
Louisville Gas And Electric Co [Member] · Pension And Other Postretirement Plans Costs 24 21 +14.3%
Louisville Gas And Electric Co [Member] · Removal Costs 328 316 +3.8%
Louisville Gas And Electric Co [Member] · Terminated Interest Rate Swaps [Member] 26 28 -7.1%
PPL Electric Utilities Corp [Member] 827 844 -2.0%
PPL Electric Utilities Corp [Member] · Net deferred taxes [Member] 713 750 -4.9%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 114 94 +21.3%
Show Regulatory Liability breakouts
Energy efficiency charge 29 32 -9.4%
Net deferred taxes [Member] 1,825 1,923 -5.1%
Other Regulatory Assets Liabilities 69 36 +91.7%
Pension And Other Postretirement Plans Costs 310 280 +10.7%
Removal Costs 1,037 1,033 +0.4%
Terminated Interest Rate Swaps [Member] 52 55 -5.5%
Price Risk Management Liabilities (Q)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 5
Other Non-Current Liabilities 468 430 +8.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 44 33 +33.3%
Louisville Gas And Electric Co [Member] 78 64 +21.9%
PPL Electric Utilities Corp [Member] 127 99 +28.3%
Liabilities Other Than Longterm Debt Noncurrent 7,899 7,575 +4.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,139 2,106 +1.6%
Louisville Gas And Electric Co [Member] 1,821 1,788 +1.8%
PPL Electric Utilities Corp [Member] 2,769 2,620 +5.7%
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 12,356 12,328 +0.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,110 3,014 +3.2%
Louisville Gas And Electric Co [Member] 2,028 1,954 +3.8%
PPL Electric Utilities Corp [Member] 5,108 4,725 +8.1%
Treasury Stock Common Value -901 -929 +3.0%
Retained Earnings 3,143 2,848 +10.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,068 927 +15.2%
Louisville Gas And Electric Co [Member] 961 849 +13.2%
PPL Electric Utilities Corp [Member] 1,882 1,657 +13.6%
Accumulated Other Comprehensive Income -193 -163 -18.4%
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 -206 -172 -19.8%
Accumulated Gain Loss Net Cash Flow Hedge Parent 12 9 +33.3%
Equity Investees' OCI 4 4 0.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 14,413 14,092 +2.3%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -193 -163 -18.4%
Additional Paid In Capital 12,356 12,328 +0.2%
Additional Paid In Capital · Kentucky Utilities Co [Member] 3,110 3,014 +3.2%
Additional Paid In Capital · Louisville Gas And Electric Co [Member] 2,028 1,954 +3.8%
Additional Paid In Capital · PPL Electric Utilities Corp [Member] 5,108 4,725 +8.1%
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 3,143 2,848 +10.4%
Retained Earnings · Kentucky Utilities Co [Member] 1,068 927 +15.2%
Retained Earnings · Louisville Gas And Electric Co [Member] 961 849 +13.2%
Retained Earnings · PPL Electric Utilities Corp [Member] 1,882 1,657 +13.6%
Treasury Stock Common -901 -929 +3.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4,486 4,249 +5.6%
Louisville Gas And Electric Co [Member] 3,413 3,227 +5.8%
PPL Electric Utilities Corp [Member] 7,354 6,746 +9.0%
Total Liabilities & Equity 43,939 40,472 +8.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,833 9,939 +9.0%
Louisville Gas And Electric Co [Member] 8,848 7,878 +12.3%
PPL Electric Utilities Corp [Member] 16,702 15,328 +9.0%
Construction In Progress Gross 3,513 2,129 +65.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,004 508 +97.6%
Louisville Gas And Electric Co [Member] 713 423 +68.6%
PPL Electric Utilities Corp [Member] 1,184 823 +43.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2025 YTD Q3 2024 YoY
Operating Activities
Adjustment For Amortization 73 61 +19.7%
Show Business Segments breakouts
Corporate 10 7 +42.9%
Kentucky Regulated [Member] 28 18 +55.6%
Pennsylvania Regulated [Member] 34 35 -2.9%
Rhode Island Regulated 1 1 0.0%
Total Segments 63 54 +16.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 13 14 -7.1%
Louisville Gas And Electric Co [Member] 17 10 +70.0%
PPL Electric Utilities Corp [Member] 34 35 -2.9%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -44 -52 +15.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -2 -8 +75.0%
PPL Electric Utilities Corp [Member] -21 -30 +30.0%
Deferred Income Taxes And Tax Credits 177 147 +20.4%
Show Business Segments breakouts
Corporate 55 19 +189.5%
Kentucky Regulated [Member] 21 -1 +2200.0%
Pennsylvania Regulated [Member] 63 91 -30.8%
Rhode Island Regulated 38 38 0.0%
Total Segments 122 128 -4.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 11 -12 +191.7%
Louisville Gas And Electric Co [Member] 1 3 -66.7%
PPL Electric Utilities Corp [Member] 63 91 -30.8%
Other Non-Cash Items -3 13 -123.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -6 -2 -200.0%
Louisville Gas And Electric Co [Member] -5 -3 -66.7%
PPL Electric Utilities Corp [Member] -20 -9 -122.2%
Increase Decrease In Receivables -72 259 -127.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3 -25 +112.0%
Louisville Gas And Electric Co [Member] 16 -13 +223.1%
PPL Electric Utilities Corp [Member] -108 67 -261.2%
Increase Decrease In Accounts Receivable Related Parties (YTD)
Show Legal Entity breakouts
Louisville Gas And Electric Co [Member] 9
Increase Decrease In Accounts Payable Trade -159 -236 +32.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -4 -3 -33.3%
Louisville Gas And Electric Co [Member] 18
PPL Electric Utilities Corp [Member] -71 -63 -12.7%
Increase Decrease In Accounts Payable Related Parties (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 19 7 +171.4%
Louisville Gas And Electric Co [Member] 6 -3 +300.0%
Net Change Unbilled Revenues 130 109 +19.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 12 9 +33.3%
Louisville Gas And Electric Co [Member] 17 21 -19.0%
PPL Electric Utilities Corp [Member] 43 50 -14.0%
Change in Inventory 3 -9 +133.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -3 19 -115.8%
Louisville Gas And Electric Co [Member] 15 -2 +850.0%
PPL Electric Utilities Corp [Member] -24 -16 -50.0%
Increase Decrease In Prepaid Expense -9 -75 +88.0%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 5 -64 +107.8%
Increase Decrease In Accrued Taxes Payable 29 -8 +462.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3 7 -57.1%
PPL Electric Utilities Corp [Member] -1 -36 +97.2%
Increase Decrease In Regulatory Assets And Liabilities 73 -54 +235.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3 27 -88.9%
Louisville Gas And Electric Co [Member] -16 4 -500.0%
PPL Electric Utilities Corp [Member] 57 -77 +174.0%
Increase Decrease In Interest Payable Net 80 104 -23.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 37 31 +19.4%
Louisville Gas And Electric Co [Member] 28 22 +27.3%
PPL Electric Utilities Corp [Member] 23 32 -28.1%
Increase Decrease In Other Operating Capital Net -31 -78 +60.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -19 -8 -137.5%
Louisville Gas And Electric Co [Member] -19 -21 +9.5%
PPL Electric Utilities Corp [Member] -2 -4 +50.0%
Pension And Other Postretirement Benefit Contributions -9 -10 +10.0%
Asset Retirement Obligation Cash Paid To Settle (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -7 -7 0.0%
Louisville Gas And Electric Co [Member] -8 -8 0.0%
Increase Decrease In Other Noncurrent Assets -116 -66 -75.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -28 -6 -366.7%
Louisville Gas And Electric Co [Member] -21 -12 -75.0%
PPL Electric Utilities Corp [Member] -51 -24 -112.5%
Change in Other Liabilities 67 56 +19.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -2 -16 +87.5%
Louisville Gas And Electric Co [Member] 8 -3 +366.7%
PPL Electric Utilities Corp [Member] 3 -2 +250.0%
Net Cash from Operations 2,081 1,829 +13.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 647 612 +5.7%
Louisville Gas And Electric Co [Member] 538 456 +18.0%
PPL Electric Utilities Corp [Member] 719 689 +4.4%
Investing Activities
Capital Expenditures -2,868 -1,945 -47.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -681 -463 -47.1%
Louisville Gas And Electric Co [Member] -561 -327 -71.6%
PPL Electric Utilities Corp [Member] -1,082 -820 -32.0%
Payments To Acquire Intangible Assets (YTD)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -7 -6 -16.7%
Proceeds From Payments For Long Term Loans For Related Parties (YTD)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -287 -418 +31.3%
Other Investing Activities 8 1 +700.0%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 14 4 +250.0%
Net Cash from Investing -2,860 -1,944 -47.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -681 -463 -47.1%
Louisville Gas And Electric Co [Member] -561 -327 -71.6%
PPL Electric Utilities Corp [Member] -1,362 -1,240 -9.8%
Financing Activities
Proceeds From Issuance Of Long Term Debt 1,895 1,894 +0.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 700
Louisville Gas And Electric Co [Member] 700
PPL Electric Utilities Corp [Member] 496 649 -23.6%
Increase Decrease In Notes Payable To Affiliates (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -73 128 -157.0%
Louisville Gas And Electric Co [Member] -43 34 -226.5%
Payments Of Dividends Common Stock -593 -557 -6.5%
Cash Dividends Paid To Parent Company (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -179 -167 -7.2%
Louisville Gas And Electric Co [Member] -148 -138 -7.2%
PPL Electric Utilities Corp [Member] -298 -283 -5.3%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less 292 -992 +129.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -140 -93 -50.5%
Louisville Gas And Electric Co [Member] -25
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%
PPL Electric Utilities Corp [Member] 540 685 -21.2%
Repayment Of Capital To Parent (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -37 -103 +64.1%
Louisville Gas And Electric Co [Member] -55 -76 +27.6%
PPL Electric Utilities Corp [Member] -100
Proceeds From Payments For Other Financing Activities -35 -29 -20.7%
Debt Issuance Costs (YTD)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -8
Louisville Gas And Electric Co [Member] -8
PPL Electric Utilities Corp [Member] -6 -7 +14.3%
Net Cash from Financing 1,559 316 +393.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 354 -151 +334.4%
Louisville Gas And Electric Co [Member] 522 -143 +465.0%
PPL Electric Utilities Corp [Member] 632 535 +18.1%
Supplemental
Unpaid Capital Expenditures 486 281 +73.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 84 54 +55.6%
Louisville Gas And Electric Co [Member] 68 43 +58.1%
PPL Electric Utilities Corp [Member] 237 168 +41.1%
Other Cash Flow
Net Change in Cash 780 201 +288.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 320 -2 +16100.0%
Louisville Gas And Electric Co [Member] 499 -14 +3664.3%
PPL Electric Utilities Corp [Member] -11 -16 +31.2%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,119 583 +91.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 349 36 +869.4%
Louisville Gas And Electric Co [Member] 523 30 +1643.3%
PPL Electric Utilities Corp [Member] 13 35 -62.9%

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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