PPL Corp

PPL 10-K · Q4 2025

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Income Statement

Income Statement
Metric Q4 2025 Q4 2024 YoY
Regulated Operating Revenue (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 494 465 +6.2%
Kentucky Utilities Co [Member] · Related Party 4 1 +300.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Nonrelated Party 425 398 +6.8%
LOUISVILLE GAS And ELECTRIC CO [Member] · Related Party 13 11 +18.2%
Revenue 2,274 2,211 +2.8%
Show Business Segments breakouts
Kentucky Regulated [Member] 919 864 +6.4%
Pennsylvania Regulated [Member] 815 717 +13.7%
Rhode Island Regulated 539 631 -14.6%
Total Segments 2,273 2,212 +2.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 498 466 +6.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 438 409 +7.1%
PPL Electric Utilities Corp [Member] 815 717 +13.7%
Fuel Costs 198 186 +6.5%
Show Business Segments breakouts
Kentucky Regulated [Member] 198 186 +6.5%
Total Segments 198 186 +6.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 113 107 +5.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 84 80 +5.0%
Purchased Power And Gas 523 546 -4.2%
Show Business Segments breakouts
Kentucky Regulated [Member] 65 52 +25.0%
Pennsylvania Regulated [Member] 254 177 +43.5%
Rhode Island Regulated 204 318 -35.8%
Total Segments 523 547 -4.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 6 6 0.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 59 46 +28.3%
PPL Electric Utilities Corp [Member] 254 177 +43.5%
Utilities Operating Expense Purchased Power From Related Parties (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 13 11 +18.2%
LOUISVILLE GAS And ELECTRIC CO [Member] 4 1 +300.0%
Utilities Operating Expense Maintenance Operations And Other Costs And Expenses 633 677 -6.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 113 107 +5.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 93 90 +3.3%
PPL Electric Utilities Corp [Member] 149 194 -23.2%
Depreciation 335 322 +4.0%
Show Business Segments breakouts
Kentucky Regulated [Member] 182 179 +1.7%
Pennsylvania Regulated [Member] 106 101 +5.0%
Rhode Island Regulated 46 42 +9.5%
Total Segments 334 322 +3.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 103 101 +2.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 79 76 +3.9%
PPL Electric Utilities Corp [Member] 106 101 +5.0%
Utilities Operating Expense Taxes 109 103 +5.8%
Show Business Segments breakouts
Kentucky Regulated [Member] 25 25 0.0%
Pennsylvania Regulated [Member] 40 33 +21.2%
Rhode Island Regulated 43 45 -4.4%
Total Segments 108 103 +4.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 13 13 0.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 12 11 +9.1%
PPL Electric Utilities Corp [Member] 40 33 +21.2%
Utilities Operating Expense 1,798 1,834 -2.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 361 345 +4.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 331 304 +8.9%
PPL Electric Utilities Corp [Member] 549 505 +8.7%
Operating Income 476 377 +26.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 137 121 +13.2%
LOUISVILLE GAS And ELECTRIC CO [Member] 107 105 +1.9%
PPL Electric Utilities Corp [Member] 266 212 +25.5%
Other Non-Operating Income (Expense) 61 28 +117.9%
Show Business Segments breakouts
Kentucky Regulated [Member] 18 9 +100.0%
Pennsylvania Regulated [Member] 12 12 0.0%
Rhode Island Regulated 28 0
Total Segments 58 21 +176.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10 5 +100.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 8 3 +166.7%
PPL Electric Utilities Corp [Member] 12 12 0.0%
Interest Expense 209 189 +10.6%
Show Business Segments breakouts
Kentucky Regulated [Member] -455 -421 -8.1%
Pennsylvania Regulated [Member] -446 -430 -3.7%
Rhode Island Regulated -189 -167 -13.2%
Total Segments -1,090 -1,018 -7.1%
Show Derivative Risk breakouts
Interest Rate Swap · Accumulated Gain Loss Net Cash Flow Hedge Parent 1 0
Show — breakouts
Interest Expense 40 35 +14.3%
Show Legal Entity breakouts
LOUISVILLE GAS And ELECTRIC CO [Member] 33 27 +22.2%
PPL Electric Utilities Corp [Member] 68 62 +9.7%
Income Before Taxes 328 216 +51.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 107 92 +16.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 82 81 +1.2%
PPL Electric Utilities Corp [Member] 215 168 +28.0%
Income Tax Expense (Benefit) 62 39 +59.0%
Show Business Segments breakouts
Kentucky Regulated [Member] -301 -285 -5.6%
Pennsylvania Regulated [Member] -350 -317 -10.4%
Rhode Island Regulated -21 -40 +47.5%
Total Segments -672 -642 -4.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 21 19 +10.5%
LOUISVILLE GAS And ELECTRIC CO [Member] 17 16 +6.2%
PPL Electric Utilities Corp [Member] 58 35 +65.7%
Net Income 266 177 +50.3%
Show Business Segments breakouts
Corporate 398 728 -45.3%
Kentucky Regulated [Member] -1,208 -1,113 -8.5%
Pennsylvania Regulated [Member] -1,121 -1,015 -10.4%
Rhode Island Regulated -165 -199 +17.1%
Total Segments -2,494 -2,327 -7.2%
Show Equity Components breakouts
Retained Earnings 266 177 +50.3%
Retained Earnings · Kentucky Utilities Co [Member] 86 73 +17.8%
Retained Earnings · LOUISVILLE GAS And ELECTRIC CO [Member] 65 65 0.0%
Retained Earnings · PPL Electric Utilities Corp [Member] 157 133 +18.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 86 73 +17.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 65 65 0.0%
PPL Electric Utilities Corp [Member] 157 133 +18.0%
EPS (Basic) 0.36 0.24 +50.0%
EPS (Diluted) 0.36 0.24 +50.0%
Wtd Avg Shares (Basic) 239 78 +206.4%
Wtd Avg Shares (Diluted) 601 403 +49.1%
Interest Income Other (Q)
Show Business Segments breakouts
Pennsylvania Regulated [Member] · Related Party 5 6 -16.7%
Total Segments · Related Party 5 10 -50.0%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] · Related Party 5 6 -16.7%
Revenue 2,347 2,190 +7.2%
Show Business Segments breakouts
Kentucky Regulated [Member] 915 2,182 -58.1%
Kentucky Regulated [Member] · Commercial [Member] 258 846 -69.5%
Kentucky Regulated [Member] · Industrial [Member] 153 618 -75.2%
Kentucky Regulated [Member] · Other [Member] 68 -270 +125.2%
Kentucky Regulated [Member] · Residential [Member] 407 1,030 -60.5%
Pennsylvania Regulated [Member] 823 709 +16.1%
Pennsylvania Regulated [Member] · Commercial [Member] 117 100 +17.0%
Pennsylvania Regulated [Member] · Industrial [Member] 14 13 +7.7%
Pennsylvania Regulated [Member] · Other [Member] 13 14 -7.1%
Pennsylvania Regulated [Member] · Residential [Member] 451 377 +19.6%
Pennsylvania Regulated [Member] · Transmission [Member] 228 205 +11.2%
Rhode Island Regulated 609 -700 +187.0%
Rhode Island Regulated · Commercial [Member] 155 -187 +182.9%
Rhode Island Regulated · Industrial [Member] 22 -388 +105.7%
Rhode Island Regulated · Other [Member] 49 -238 +120.6%
Rhode Island Regulated · Residential [Member] 336 3 +11100.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 494 468 +5.6%
Kentucky Utilities Co [Member] · Commercial [Member] 124 121 +2.5%
Kentucky Utilities Co [Member] · Industrial [Member] 109 109 0.0%
Kentucky Utilities Co [Member] · Other [Member] 38 42 -9.5%
Kentucky Utilities Co [Member] · Residential [Member] 199 180 +10.6%
Kentucky Utilities Co [Member] · Wholesale Municipal [Member] 6 5 +20.0%
Kentucky Utilities Co [Member] · Wholesale Other [Member] 18 11 +63.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 436 406 +7.4%
LOUISVILLE GAS And ELECTRIC CO [Member] · Commercial [Member] 134 127 +5.5%
LOUISVILLE GAS And ELECTRIC CO [Member] · Industrial [Member] 44 47 -6.4%
LOUISVILLE GAS And ELECTRIC CO [Member] · Other [Member] 28 33 -15.2%
LOUISVILLE GAS And ELECTRIC CO [Member] · Residential [Member] 208 183 +13.7%
LOUISVILLE GAS And ELECTRIC CO [Member] · Wholesale Other [Member] 22 16 +37.5%
PPL Electric Utilities Corp [Member] 823 709 +16.1%
PPL Electric Utilities Corp [Member] · Commercial [Member] 117 100 +17.0%
PPL Electric Utilities Corp [Member] · Industrial [Member] 14 13 +7.7%
PPL Electric Utilities Corp [Member] · Other [Member] 13 14 -7.1%
PPL Electric Utilities Corp [Member] · Residential [Member] 451 377 +19.6%
PPL Electric Utilities Corp [Member] · Transmission [Member] 228 205 +11.2%
Show Major Customers breakouts
Commercial [Member] 530 759 -30.2%
Industrial [Member] 189 243 -22.2%
Other [Member] 130 -495 +126.3%
Residential [Member] 1,194 1,410 -15.3%
Transmission [Member] 275 253 +8.7%
Wholesale Municipal [Member] 6 5 +20.0%
Wholesale Other [Member] 23 15 +53.3%
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 0 0
Net Income Loss Available To Common Stockholders Basic 266 177 +50.3%

Balance Sheet

Balance Sheet
Metric Q4 2025 Q4 2024 YoY
Current Assets
Cash & Cash Equivalents 1,071 306 +250.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10 13 -23.1%
LOUISVILLE GAS And ELECTRIC CO [Member] 162 8 +1925.0%
PPL Electric Utilities Corp [Member] 30 24 +25.0%
Accounts Receivable 1,108 961 +15.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 171 160 +6.9%
LOUISVILLE GAS And ELECTRIC CO [Member] · Nonrelated Party 154 134 +14.9%
LOUISVILLE GAS And ELECTRIC CO [Member] · Related Party 46 40 +15.0%
PPL Electric Utilities Corp [Member] · Nonrelated Party 450 353 +27.5%
PPL Electric Utilities Corp [Member] · Related Party 7 10 -30.0%
Notes Receivable Net (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 143 222 -35.6%
Nontrade Receivables Current 117 76 +53.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 26 22 +18.2%
LOUISVILLE GAS And ELECTRIC CO [Member] 26 23 +13.0%
PPL Electric Utilities Corp [Member] 29 8 +262.5%
PPL Electric Utilities Corp [Member] · Allowance For Credit Loss 43 39 +10.3%
Show Valuation Allowances And Reserves Type breakouts
Allowance For Credit Loss 2 2 0.0%
Unbilled Contracts Receivable 558 485 +15.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 106 102 +3.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 97 87 +11.5%
PPL Electric Utilities Corp [Member] 209 159 +31.4%
Notes And Loans Receivable Net Current (Q)
Show Legal Entity breakouts
LOUISVILLE GAS And ELECTRIC CO [Member] · Related Party 36
Inventory 551 511 +7.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 183 173 +5.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 160 157 +1.9%
PPL Electric Utilities Corp [Member] 151 104 +45.2%
Prepaid Expense Current 106 136 -22.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 12 11 +9.1%
LOUISVILLE GAS And ELECTRIC CO [Member] 11 9 +22.2%
PPL Electric Utilities Corp [Member] 38 74 -48.6%
Regulatory Assets Current 308 320 -3.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1 1 0.0%
Kentucky Utilities Co [Member] · Other [Member] 1 1 0.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 19 8 +137.5%
LOUISVILLE GAS And ELECTRIC CO [Member] · Asset Recoverable Gas Costs 10 3 +233.3%
LOUISVILLE GAS And ELECTRIC CO [Member] · Other [Member] 9 5 +80.0%
PPL Electric Utilities Corp [Member] 112 133 -15.8%
PPL Electric Utilities Corp [Member] · Other [Member] 19 17 +11.8%
PPL Electric Utilities Corp [Member] · Storm Damage Expense rider 53 68 -22.1%
PPL Electric Utilities Corp [Member] · TCJA (over/under collection) 40 21 +90.5%
Show Regulatory Asset breakouts
Asset Recoverable Gas Costs 10 3 +233.3%
ISR deferral 6 22 -72.7%
Other [Member] 31 53 -41.5%
Rate adjustment mechanism 86 95 -9.5%
Renewable Energy Program 21 14 +50.0%
Storm Damage Expense rider 53 68 -22.1%
TCJA (over/under collection) 40 21 +90.5%
Transmission Service Charge [Member] 61 44 +38.6%
Other Assets Current 112 85 +31.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 16 9 +77.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 2 2 0.0%
PPL Electric Utilities Corp [Member] 46 30 +53.3%
Total Current Assets 3,931 2,880 +36.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 525 491 +6.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 713 468 +52.4%
PPL Electric Utilities Corp [Member] 1,215 1,117 +8.8%
Non-Current Assets
Property, Plant & Equipment 36,132 33,149 +9.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8,947 8,334 +7.4%
LOUISVILLE GAS And ELECTRIC CO [Member] 7,117 6,548 +8.7%
PPL Electric Utilities Corp [Member] 14,568 13,315 +9.4%
Regulatory Assets Noncurrent 2,092 2,060 +1.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 467 458 +2.0%
Kentucky Utilities Co [Member] · Advanced metering Infrastructure 39 14 +178.6%
Kentucky Utilities Co [Member] · Asset Retirement Obligation Costs 190 205 -7.3%
Kentucky Utilities Co [Member] · Gas line Inspections 2 2 0.0%
Kentucky Utilities Co [Member] · Loss On Reacquired Debt 6 6 0.0%
Kentucky Utilities Co [Member] · Other [Member] 11 8 +37.5%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 144 149 -3.4%
Kentucky Utilities Co [Member] · Plant outage costs [Member] 18 23 -21.7%
Kentucky Utilities Co [Member] · Storm Costs 38 29 +31.0%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swap [Member] 19 22 -13.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 482 491 -1.8%
LOUISVILLE GAS And ELECTRIC CO [Member] · Advanced metering Infrastructure 28 14 +100.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Asset Retirement Obligation Costs 73 75 -2.7%
LOUISVILLE GAS And ELECTRIC CO [Member] · Gas line Inspections 22 22 0.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Loss On Reacquired Debt 8 9 -11.1%
LOUISVILLE GAS And ELECTRIC CO [Member] · Other [Member] 6 4 +50.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Pension And Other Postretirement Plans Costs 212 226 -6.2%
LOUISVILLE GAS And ELECTRIC CO [Member] · Plant outage costs [Member] 5 7 -28.6%
LOUISVILLE GAS And ELECTRIC CO [Member] · Retired asset recovery 76 83 -8.4%
LOUISVILLE GAS And ELECTRIC CO [Member] · Storm Costs 24 20 +20.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Terminated Interest Rate Swap [Member] 28 31 -9.7%
PPL Electric Utilities Corp [Member] 725 673 +7.7%
PPL Electric Utilities Corp [Member] · IT system costs 18
PPL Electric Utilities Corp [Member] · Loss On Reacquired Debt 2 3 -33.3%
PPL Electric Utilities Corp [Member] · Other [Member] 2 2 0.0%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 477 473 +0.8%
PPL Electric Utilities Corp [Member] · Removal Costs 184 173 +6.4%
PPL Electric Utilities Corp [Member] · Storm Costs 42 22 +90.9%
Show Regulatory Asset breakouts
Advanced metering Infrastructure 67 28 +139.3%
Asset Retirement Obligation Costs 263 280 -6.1%
Environmental Cost Recovery Mechanism 102 96 +6.2%
Gas line Inspections 24 24 0.0%
IT system costs 18
Loss On Reacquired Debt 18 20 -10.0%
Net Metering 164 147 +11.6%
Other [Member] 32 46 -30.4%
Pension And Other Postretirement Plans Costs 961 967 -0.6%
Plant outage costs [Member] 23 30 -23.3%
Removal Costs 184 173 +6.4%
Retired asset recovery 76 83 -8.4%
Storm Costs 113 113 0.0%
Terminated Interest Rate Swap [Member] 47 53 -11.3%
Goodwill 2,247 2,247 0.0%
Show Business Segments breakouts
Corporate 860
Kentucky Regulated [Member] 662
Rhode Island Regulated 725
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 327 314 +4.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 34 28 +21.4%
LOUISVILLE GAS And ELECTRIC CO [Member] 11 12 -8.3%
PPL Electric Utilities Corp [Member] 282 274 +2.9%
Other Non-Current Assets 515 419 +22.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 178 155 +14.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 106 84 +26.2%
PPL Electric Utilities Corp [Member] 96 96 0.0%
Assets Noncurrent 5,181 5,040 +2.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,286 1,248 +3.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 988 976 +1.2%
PPL Electric Utilities Corp [Member] 1,103 1,043 +5.8%
Total Assets 45,244 41,069 +10.2%
Show Business Segments breakouts
Corporate 1,788 913 +95.8%
Kentucky Regulated [Member] 19,060 17,626 +8.1%
Pennsylvania Regulated [Member] 16,886 15,475 +9.1%
Rhode Island Regulated 7,510 7,055 +6.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,758 10,073 +6.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 8,818 7,992 +10.3%
PPL Electric Utilities Corp [Member] 16,886 15,475 +9.1%
Other Assets
Public Utilities Property Plant And Equipment Plant In Service 42,953 40,391 +6.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,929 10,419 +4.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 8,270 7,748 +6.7%
PPL Electric Utilities Corp [Member] 17,476 16,469 +6.1%
Public Utilities Property Plant And Equipment Accumulated Depreciation 10,303 9,682 +6.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,934 2,652 +10.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 1,842 1,643 +12.1%
PPL Electric Utilities Corp [Member] 4,124 4,052 +1.8%
Public Utilities Property Plant And Equipment Net 32,650 30,709 +6.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7,995 7,767 +2.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 6,428 6,105 +5.3%
PPL Electric Utilities Corp [Member] 13,352 12,417 +7.5%
Property Plant And Equipment Other 71 79 -10.1%
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment 26 29 -10.3%
Property Plant And Equipment Net Nonregulated 45 50 -10.0%
Current Liabilities
Short Term Borrowings 456 303 +50.5%
Notes Payable (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 36 73 -50.7%
Current Portion of Long-Term Debt 904 551 +64.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 164 250 -34.4%
LOUISVILLE GAS And ELECTRIC CO [Member] 90 300 -70.0%
Accounts Payable 1,559 1,196 +30.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] · Nonrelated Party 137 96 +42.7%
Kentucky Utilities Co [Member] · Related Party 106 100 +6.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Nonrelated Party 262 158 +65.8%
LOUISVILLE GAS And ELECTRIC CO [Member] · Related Party 73 64 +14.1%
PPL Electric Utilities Corp [Member] · Nonrelated Party 690 565 +22.1%
PPL Electric Utilities Corp [Member] · Related Party 54 44 +22.7%
Taxes Payable Current 190 103 +84.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 63 37 +70.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 60 40 +50.0%
PPL Electric Utilities Corp [Member] 47 2 +2250.0%
Interest Payable Current 195 157 +24.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 38 24 +58.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 34 21 +61.9%
PPL Electric Utilities Corp [Member] 66 55 +20.0%
Asset Retirement Obligation Current (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 6 10 -40.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 2 11 -81.8%
Dividends Payable Current 198 186 +6.5%
Current Customer Deposits (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 41 39 +5.1%
LOUISVILLE GAS And ELECTRIC CO [Member] 37 36 +2.8%
PPL Electric Utilities Corp [Member] 92 25 +268.0%
Regulatory Liability Current 376 223 +68.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 16 22 -27.3%
Kentucky Utilities Co [Member] · Demand Side Management 13 10 +30.0%
Kentucky Utilities Co [Member] · Environmental Cost Recovery [Member] 3 6 -50.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 13 14 -7.1%
LOUISVILLE GAS And ELECTRIC CO [Member] · Demand Side Management 8 7 +14.3%
LOUISVILLE GAS And ELECTRIC CO [Member] · Environmental Cost Recovery [Member] 3 6 -50.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Other Regulatory Liabilities [Member] 2 1 +100.0%
PPL Electric Utilities Corp [Member] 103 57 +80.7%
PPL Electric Utilities Corp [Member] · Generation Supply Charge [Member] 45 52 -13.5%
PPL Electric Utilities Corp [Member] · Other Regulatory Liabilities [Member] 1 2 -50.0%
PPL Electric Utilities Corp [Member] · Transmission Formula Rate [Member] 23
PPL Electric Utilities Corp [Member] · Transmission Service Charge [Member] 17
PPL Electric Utilities Corp [Member] · Universal Service Rider [Member] 17 3 +466.7%
Show Regulatory Liability breakouts
Demand Side Management 21 17 +23.5%
Energy efficiency 26 25 +4.0%
Environmental Cost Recovery [Member] 6 12 -50.0%
Generation Supply Charge [Member] 45 52 -13.5%
Other Regulatory Liabilities [Member] 3 32 -90.6%
Rate adjustment mechanism 124 71 +74.6%
Revenue Decoupling Mechanism 55 10 +450.0%
Transmission Formula Rate [Member] 62 1 +6100.0%
Transmission Service Charge [Member] 17
Universal Service Rider [Member] 17 3 +466.7%
Other Liabilities Current 668 614 +8.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 69 58 +19.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 54 50 +8.0%
PPL Electric Utilities Corp [Member] 58 58 0.0%
Total Current Liabilities 4,546 3,333 +36.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 676 849 -20.4%
LOUISVILLE GAS And ELECTRIC CO [Member] 625 762 -18.0%
PPL Electric Utilities Corp [Member] 1,110 806 +37.7%
Commercial Paper (Q)
Show By Company [Axis] breakouts
PPL Capital Funding [Member] · Commercial Paper 355 138 +157.2%
PPL Capital Funding [Member] · Syndicated Credit Facility [Member] 355 138 +157.2%
Rhode Island Energy · Commercial Paper 101
Rhode Island Energy · Syndicated Credit Facility [Member] 101
Show Short Term Debt Type breakouts
Commercial Paper 456 303 +50.5%
Non-Current Liabilities
Long-Term Debt 17,990 15,952 +12.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,346 2,816 +18.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 2,775 2,171 +27.8%
PPL Electric Utilities Corp [Member] 5,707 5,214 +9.5%
Deferred Tax Liabilities 3,506 3,356 +4.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 956 924 +3.5%
LOUISVILLE GAS And ELECTRIC CO [Member] 819 803 +2.0%
PPL Electric Utilities Corp [Member] 1,781 1,726 +3.2%
Deferred Investment Tax Credit 109 111 -1.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 79 81 -2.5%
LOUISVILLE GAS And ELECTRIC CO [Member] 29 30 -3.3%
Price Risk Management Liabilities (Q)
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LOUISVILLE GAS And ELECTRIC CO [Member] 4 3 +33.3%
Defined Benefit Pension Plan Liabilities Noncurrent 281 317 -11.4%
Asset Retirement Obligations Noncurrent 133 136 -2.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 51 54 -5.6%
LOUISVILLE GAS And ELECTRIC CO [Member] 73 73 0.0%
Regulatory Liability Noncurrent 3,318 3,335 -0.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 997 1,009 -1.2%
Kentucky Utilities Co [Member] · Advanced metering Infrastructure 20 9 +122.2%
Kentucky Utilities Co [Member] · Net deferred taxes [Member] 467 498 -6.2%
Kentucky Utilities Co [Member] · Pension And Other Postretirement Plans Costs 69 65 +6.2%
Kentucky Utilities Co [Member] · Removal Costs 415 408 +1.7%
Kentucky Utilities Co [Member] · Terminated Interest Rate Swap [Member] 26 27 -3.7%
LOUISVILLE GAS And ELECTRIC CO [Member] 809 815 -0.7%
LOUISVILLE GAS And ELECTRIC CO [Member] · Advanced metering Infrastructure 10 4 +150.0%
LOUISVILLE GAS And ELECTRIC CO [Member] · Net deferred taxes [Member] 415 439 -5.5%
LOUISVILLE GAS And ELECTRIC CO [Member] · Other Regulatory Liabilities [Member] 1 7 -85.7%
LOUISVILLE GAS And ELECTRIC CO [Member] · Pension And Other Postretirement Plans Costs 23 24 -4.2%
LOUISVILLE GAS And ELECTRIC CO [Member] · Removal Costs 334 314 +6.4%
LOUISVILLE GAS And ELECTRIC CO [Member] · Terminated Interest Rate Swap [Member] 26 27 -3.7%
PPL Electric Utilities Corp [Member] 828 839 -1.3%
PPL Electric Utilities Corp [Member] · Net deferred taxes [Member] 708 739 -4.2%
PPL Electric Utilities Corp [Member] · Pension And Other Postretirement Plans Costs 120 100 +20.0%
Show Regulatory Liability breakouts
Advanced metering Infrastructure 30 13 +130.8%
Net deferred taxes [Member] 1,798 1,899 -5.3%
Other Regulatory Liabilities [Member] 53 53 0.0%
Pension And Other Postretirement Plans Costs 342 294 +16.3%
Removal Costs 1,043 1,022 +2.1%
Terminated Interest Rate Swap [Member] 52 54 -3.7%
Other Non-Current Liabilities 480 452 +6.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 44 41 +7.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 78 64 +21.9%
PPL Electric Utilities Corp [Member] 122 160 -23.8%
Liabilities Noncurrent 7,827 7,707 +1.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 2,127 2,109 +0.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 1,812 1,788 +1.3%
PPL Electric Utilities Corp [Member] 2,731 2,725 +0.2%
Long-Term Debt 18,894 16,503 +14.5%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,510 3,066 +14.5%
LOUISVILLE GAS And ELECTRIC CO [Member] 2,865 2,471 +15.9%
PPL Electric Utilities Corp [Member] 5,707 5,214 +9.5%
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 12,443 12,346 +0.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 3,217 3,056 +5.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 2,208 1,982 +11.4%
PPL Electric Utilities Corp [Member] 5,038 4,668 +7.9%
Retained Earnings 3,207 2,835 +13.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 1,084 935 +15.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 974 865 +12.6%
PPL Electric Utilities Corp [Member] 1,936 1,698 +14.0%
Accumulated Other Comprehensive Income -202 -184 -9.8%
Show Accumulated Other Comprehensive Income Components [Axis] breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit -2 -3 +33.3%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss -215 -194 -10.8%
Accumulated Gain Loss Net Cash Flow Hedge Parent 12 9 +33.3%
Accumulated Other Comprehensive Income, Equity Method Investment 3 4 -25.0%
Total Stockholders' Equity (Q)
Show Equity Components breakouts
Additional Paid In Capital · Kentucky Utilities Co [Member] 3,217 3,056 +5.3%
Additional Paid In Capital · LOUISVILLE GAS And ELECTRIC CO [Member] 2,208 1,982 +11.4%
Additional Paid In Capital · PPL Electric Utilities Corp [Member] 5,038 4,668 +7.9%
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 · Kentucky Utilities Co [Member] 1,084 935 +15.9%
Retained Earnings · LOUISVILLE GAS And ELECTRIC CO [Member] 974 865 +12.6%
Retained Earnings · PPL Electric Utilities Corp [Member] 1,936 1,698 +14.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 4,609 4,299 +7.2%
LOUISVILLE GAS And ELECTRIC CO [Member] 3,606 3,271 +10.2%
PPL Electric Utilities Corp [Member] 7,338 6,730 +9.0%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 14,881 14,077 +5.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -202 -184 -9.8%
Additional Paid In Capital 12,443 12,346 +0.8%
Common Stock 8 8 0.0%
Retained Earnings 3,207 2,835 +13.1%
Treasury Stock Common -575 -928 +38.0%
Total Liabilities & Equity 45,244 41,069 +10.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 10,758 10,073 +6.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 8,818 7,992 +10.3%
PPL Electric Utilities Corp [Member] 16,886 15,475 +9.1%
Common Stock Par Or Stated Value Per Share 0.01 0.01 0.0%
Treasury Stock Common Value -575 -928 +38.0%
Construction In Progress Gross 3,437 2,390 +43.8%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 952 567 +67.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 689 443 +55.5%
PPL Electric Utilities Corp [Member] 1,216 898 +35.4%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q4 2025 YTD Q4 2024 YoY
Operating Activities
Adjustment For Amortization 31 17 +82.4%
Show Business Segments breakouts
Corporate 2 1 +100.0%
Kentucky Regulated [Member] 15 6 +150.0%
Pennsylvania Regulated [Member] 14 10 +40.0%
Rhode Island Regulated 0 0
Total Segments 29 16 +81.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 8 7 +14.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 7 6 +16.7%
PPL Electric Utilities Corp [Member] 14 10 +40.0%
Pension And Other Postretirement Benefits Expense Reversal Of Expense Noncash -13 -20 +35.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -1 3 -133.3%
PPL Electric Utilities Corp [Member] -8 -9 +11.1%
Deferred Income Taxes And Tax Credits 15 49 -69.4%
Show Business Segments breakouts
Corporate 94 8 +1075.0%
Kentucky Regulated [Member] -30 3 -1100.0%
Pennsylvania Regulated [Member] -39 38 -202.6%
Rhode Island Regulated -10 0
Total Segments -79 41 -292.7%
Show Legal Entity breakouts
LOUISVILLE GAS And ELECTRIC CO [Member] -10 3 -433.3%
PPL Electric Utilities Corp [Member] -39 38 -202.6%
Public Utilities Allowance For Funds Used During Construction Capitalized Cost Of Equity -23 -14 -64.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -7 -3 -133.3%
LOUISVILLE GAS And ELECTRIC CO [Member] -5 -3 -66.7%
PPL Electric Utilities Corp [Member] -7 -6 -16.7%
Other Non-Cash Items 11 17 -35.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 17 7 +142.9%
LOUISVILLE GAS And ELECTRIC CO [Member] 11 5 +120.0%
PPL Electric Utilities Corp [Member] 24 33 -27.3%
Increase Decrease In Receivables -135 -5 -2600.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -5 4 -225.0%
LOUISVILLE GAS And ELECTRIC CO [Member] -26 -12 -116.7%
PPL Electric Utilities Corp [Member] -34 22 -254.5%
Increase Decrease In Accounts Payable Trade 147 195 -24.6%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 5 -20 +125.0%
PPL Electric Utilities Corp [Member] 170 127 +33.9%
Increase Decrease In Accounts Payable Related Parties (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -12 22 -154.5%
LOUISVILLE GAS And ELECTRIC CO [Member] 0 18 -100.0%
Change in Inventory -31 7 -542.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -5 -5 0.0%
LOUISVILLE GAS And ELECTRIC CO [Member] -17 -11 -54.5%
PPL Electric Utilities Corp [Member] -16 22 -172.7%
Increase Decrease In Prepaid Expense 52 41 +26.8%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 44 32 +37.5%
Increase Decrease In Accrued Taxes Payable 58 -19 +405.3%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 23 -2 +1250.0%
PPL Electric Utilities Corp [Member] 46 -13 +453.8%
Increase Decrease In Regulatory Assets And Liabilities 89 -14 +735.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -9 -4 -125.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 4 -7 +157.1%
PPL Electric Utilities Corp [Member] 10 -24 +141.7%
Pension And Other Postretirement Benefit Contributions -3 0
Asset Retirement Obligation Cash Paid To Settle (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -4 -3 -33.3%
LOUISVILLE GAS And ELECTRIC CO [Member] -1 -3 +66.7%
Increase Decrease In Other Noncurrent Assets -22 -30 +26.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 7 -35 +120.0%
LOUISVILLE GAS And ELECTRIC CO [Member] -22 -15 -46.7%
PPL Electric Utilities Corp [Member] 1 -8 +112.5%
Change in Other Liabilities -2 -14 +85.7%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -6 17 -135.3%
LOUISVILLE GAS And ELECTRIC CO [Member] 14 2 +600.0%
Net Cash from Operations 548 511 +7.2%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 151 111 +36.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 61 98 -37.8%
PPL Electric Utilities Corp [Member] 331 353 -6.2%
Investing Activities
Capital Expenditures -1,162 -860 -35.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -302 -180 -67.8%
LOUISVILLE GAS And ELECTRIC CO [Member] -206 -117 -76.1%
PPL Electric Utilities Corp [Member] -526 -409 -28.6%
Payments To Acquire Intangible Assets (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -5 -3 -66.7%
Proceeds From Payments For Long Term Loans For Related Parties (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 366 196 +86.7%
Other Investing Activities 18 -14 +228.6%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 24 1 +2300.0%
Net Cash from Investing -1,144 -874 -30.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -305 -180 -69.4%
LOUISVILLE GAS And ELECTRIC CO [Member] -242 -117 -106.8%
PPL Electric Utilities Corp [Member] -141 -215 +34.4%
Financing Activities
Proceeds From Issuance Of Long Term Debt 1,150 0
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 0 0
Payments Of Dividends Common Stock -201 -190 -5.8%
Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less -139 303 -145.9%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 0 140 -100.0%
Proceeds From Contributions From Parent (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 107 42 +154.8%
LOUISVILLE GAS And ELECTRIC CO [Member] 180 28 +542.9%
PPL Electric Utilities Corp [Member] 0 3 -100.0%
Cash Dividends Paid To Parent Company (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -70 -65 -7.7%
LOUISVILLE GAS And ELECTRIC CO [Member] -52 -49 -6.1%
PPL Electric Utilities Corp [Member] -103 -92 -12.0%
Repayment Of Capital To Parent (Q)
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 0 0
LOUISVILLE GAS And ELECTRIC CO [Member] 0 0
Debt Issuance Costs (Q)
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] 0 0
Proceeds From Payments For Other Financing Activities 9 23 -60.9%
Net Cash from Financing 563 119 +373.1%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] -178 62 -387.1%
LOUISVILLE GAS And ELECTRIC CO [Member] -173 13 -1430.8%
PPL Electric Utilities Corp [Member] -173 -149 -16.1%
Supplemental
Unpaid Capital Expenditures 144 77 +87.0%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 17 20 -15.0%
LOUISVILLE GAS And ELECTRIC CO [Member] 74 21 +252.4%
PPL Electric Utilities Corp [Member] -24 5 -580.0%
Other Cash Flow
Net Change in Cash -33 -244 +86.5%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 1,086 339 +220.4%
Show Legal Entity breakouts
Kentucky Utilities Co [Member] 17 29 -41.4%
LOUISVILLE GAS And ELECTRIC CO [Member] 169 24 +604.2%
PPL Electric Utilities Corp [Member] 30 24 +25.0%
Increase Decrease In Interest Payable Net -42 -71 +40.8%
Show Legal Entity breakouts
PPL Electric Utilities Corp [Member] -12 -20 +40.0%

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

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

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