LOUISVILLE GAS & ELECTRIC CO /KY/
CIK:0000060549|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Millions |
6 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|||||||
| Cash Flows from Operating Activities | ||||||||
| Net income (loss) | $ 682 | $ 597 | ||||||
| Income from continuing operations (net of income taxes) | 682 | |||||||
| Depreciation | 713 | 646 | ||||||
| Amortization | 65 | 49 | ||||||
| Defined benefit plans - (income) expense | (7) | (30) | ||||||
| Deferred income taxes and investment tax credits | 137 | 104 | ||||||
| Stock-based compensation expense | 31 | 26 | ||||||
| Other | (19) | 12 | ||||||
| Change in current assets and current liabilities | ||||||||
| Accounts receivable | (31) | (91) | ||||||
| Accounts payable | (192) | (167) | ||||||
| Unbilled revenues | 138 | 63 | ||||||
| Fuel, materials and supplies | (42) | 13 | ||||||
| Prepayments | (67) | (56) | ||||||
| Taxes payable | (72) | 40 | ||||||
| Regulatory assets and liabilities, net | (10) | 64 | ||||||
| Accrued interest | 6 | (5) | ||||||
| Other | (36) | (52) | ||||||
| Other operating activities | ||||||||
| Defined benefit plans - funding | (8) | (7) | ||||||
| Other assets | (101) | (77) | ||||||
| Other liabilities | 5 | 21 | ||||||
| Net cash provided by operating activities | 1,140 | 1,115 | ||||||
| Cash Flows from Investing Activities | ||||||||
| Expenditures for property, plant and equipment | (2,339) | (1,723) | ||||||
| Other investing activities | (68) | 10 | ||||||
| Net cash used in investing activities | (2,407) | (1,713) | ||||||
| Cash Flows from Financing Activities | ||||||||
| Issuance of long-term debt | 2,046 | 0 | ||||||
| Retirement of long-term debt | (668) | 0 | ||||||
| Payment of common stock dividends | (416) | (392) | ||||||
| Net increase (decrease) in short-term debt | (391) | 983 | ||||||
| Other financing activities | (13) | (9) | ||||||
| Debt Issuance Costs | (38) | (5) | ||||||
| Net cash provided by financing activities | 520 | 577 | ||||||
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | (747) | (21) | ||||||
| Cash and Cash Equivalents at Beginning of Period | 1,071 | |||||||
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 1,086 | 339 | ||||||
| Cash and Cash Equivalents at End of Period | 332 | |||||||
| Cash, Cash Equivalents and Restricted Cash at End of Period | 339 | 318 | ||||||
| Supplemental Disclosures of Cash Flow Information | ||||||||
| Accrued expenditures for property, plant and equipment at June 30, | 612 | 450 | ||||||
| AFUDC - equity component | (52) | (35) | ||||||
| PPL Electric Utilities Corp [Member] | ||||||||
| Cash Flows from Operating Activities | ||||||||
| Net income (loss) | [1] | 316 | 323 | |||||
| Depreciation | 218 | 202 | ||||||
| Amortization | 29 | 21 | ||||||
| Defined benefit plans - (income) expense | (5) | (15) | ||||||
| Deferred income taxes and investment tax credits | 41 | 48 | ||||||
| Other | 1 | 2 | ||||||
| Change in current assets and current liabilities | ||||||||
| Accounts receivable | (114) | (83) | ||||||
| Accounts payable | (128) | (83) | ||||||
| Unbilled revenues | 77 | 17 | ||||||
| Fuel, materials and supplies | (32) | (10) | ||||||
| Prepayments | (38) | (38) | ||||||
| Taxes payable | (44) | (1) | ||||||
| Regulatory assets and liabilities, net | 31 | 46 | ||||||
| Other | 19 | 0 | ||||||
| Other operating activities | ||||||||
| Other assets | (15) | (26) | ||||||
| Other liabilities | 0 | (6) | ||||||
| Net cash provided by operating activities | 337 | 382 | ||||||
| Cash Flows from Investing Activities | ||||||||
| Expenditures for property, plant and equipment | (794) | (697) | ||||||
| Expenditures for intangible assets | (7) | (4) | ||||||
| Notes receivable from affiliates | (366) | 222 | ||||||
| Other investing activities | 34 | 12 | ||||||
| Net cash used in investing activities | (1,133) | (467) | ||||||
| Cash Flows from Financing Activities | ||||||||
| Issuance of long-term debt | 496 | 0 | ||||||
| Payment of common stock dividends to parent | (221) | (207) | ||||||
| Net increase (decrease) in short-term debt | 0 | 384 | ||||||
| Contributions from parent | 530 | 0 | ||||||
| Return of capital to parent | 0 | (100) | ||||||
| Debt Issuance Costs | (6) | (1) | ||||||
| Net cash provided by financing activities | 799 | 76 | ||||||
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | 3 | (9) | ||||||
| Cash and Cash Equivalents at Beginning of Period | 30 | |||||||
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 30 | 24 | ||||||
| Cash and Cash Equivalents at End of Period | 33 | |||||||
| Cash, Cash Equivalents and Restricted Cash at End of Period | 33 | 15 | ||||||
| Supplemental Disclosures of Cash Flow Information | ||||||||
| Accrued expenditures for property, plant and equipment at June 30, | 385 | 201 | ||||||
| AFUDC - equity component | (19) | (15) | ||||||
| Louisville Gas And Electric Co [Member] | ||||||||
| Cash Flows from Operating Activities | ||||||||
| Net income (loss) | [2] | 192 | 161 | |||||
| Depreciation | 170 | 151 | ||||||
| Amortization | 10 | 11 | ||||||
| Other | (2) | 4 | ||||||
| Change in current assets and current liabilities | ||||||||
| Accounts receivable | 11 | 19 | ||||||
| Accounts receivable from affiliates | 16 | 12 | ||||||
| Accounts payable | (15) | (8) | ||||||
| Increase (Decrease) in Accounts Payable, Related Parties | (13) | 7 | ||||||
| Unbilled revenues | 10 | 3 | ||||||
| Fuel, materials and supplies | 6 | 15 | ||||||
| Taxes payable | (31) | (12) | ||||||
| Regulatory assets and liabilities, net | (32) | (17) | ||||||
| Other | (11) | (13) | ||||||
| Other operating activities | ||||||||
| Expenditures for asset retirement obligations | (5) | (4) | ||||||
| Other assets | (21) | (42) | ||||||
| Other liabilities | 3 | (1) | ||||||
| Net cash provided by operating activities | 277 | 279 | ||||||
| Cash Flows from Investing Activities | ||||||||
| Expenditures for property, plant and equipment | (533) | (296) | ||||||
| Notes receivable from affiliates | 36 | (10) | ||||||
| Net cash used in investing activities | (497) | (306) | ||||||
| Cash Flows from Financing Activities | ||||||||
| Increase Decrease In Notes Payable To Affiliates | 108 | (43) | ||||||
| Payment of common stock dividends to parent | (130) | (111) | ||||||
| Net increase (decrease) in short-term debt | 0 | 133 | ||||||
| Contributions from parent | 145 | 101 | ||||||
| Return of capital to parent | (58) | (55) | ||||||
| Debt Issuance Costs | 0 | (1) | ||||||
| Net cash provided by financing activities | 65 | 24 | ||||||
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | (155) | (3) | ||||||
| Cash and Cash Equivalents at Beginning of Period | 162 | |||||||
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 169 | 24 | ||||||
| Cash and Cash Equivalents at End of Period | 11 | |||||||
| Cash, Cash Equivalents and Restricted Cash at End of Period | 14 | 21 | ||||||
| Supplemental Disclosures of Cash Flow Information | ||||||||
| Accrued expenditures for property, plant and equipment at June 30, | 86 | 74 | ||||||
| AFUDC - equity component | (11) | (7) | ||||||
| Kentucky Utilities Co [Member] | ||||||||
| Cash Flows from Operating Activities | ||||||||
| Net income (loss) | [3] | 223 | 203 | |||||
| Depreciation | 224 | 203 | ||||||
| Amortization | 15 | 8 | ||||||
| Deferred income taxes and investment tax credits | 0 | 4 | ||||||
| Other | (13) | 3 | ||||||
| Change in current assets and current liabilities | ||||||||
| Accounts receivable | 0 | 3 | ||||||
| Accounts payable | 15 | (5) | ||||||
| Increase (Decrease) in Accounts Payable, Related Parties | (11) | 6 | ||||||
| Unbilled revenues | (4) | (4) | ||||||
| Fuel, materials and supplies | (20) | (7) | ||||||
| Taxes payable | (34) | (9) | ||||||
| Regulatory assets and liabilities, net | (1) | 2 | ||||||
| Other | (19) | (24) | ||||||
| Other operating activities | ||||||||
| Expenditures for asset retirement obligations | (8) | (4) | ||||||
| Other assets | (20) | (18) | ||||||
| Other liabilities | (1) | (2) | ||||||
| Net cash provided by operating activities | 333 | 351 | ||||||
| Cash Flows from Investing Activities | ||||||||
| Expenditures for property, plant and equipment | (520) | (391) | ||||||
| Other investing activities | 4 | 0 | ||||||
| Net cash used in investing activities | (516) | (391) | ||||||
| Cash Flows from Financing Activities | ||||||||
| Retirement of long-term debt | (18) | 0 | ||||||
| Increase Decrease In Notes Payable To Affiliates | 136 | (27) | ||||||
| Payment of common stock dividends to parent | (150) | (128) | ||||||
| Net increase (decrease) in short-term debt | 65 | 135 | ||||||
| Contributions from parent | 148 | 91 | ||||||
| Return of capital to parent | 0 | (37) | ||||||
| Debt Issuance Costs | 0 | (1) | ||||||
| Net cash provided by financing activities | 181 | 33 | ||||||
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | (2) | (7) | ||||||
| Cash and Cash Equivalents at Beginning of Period | 10 | |||||||
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 17 | 29 | ||||||
| Cash and Cash Equivalents at End of Period | 12 | |||||||
| Cash, Cash Equivalents and Restricted Cash at End of Period | 15 | 22 | ||||||
| Supplemental Disclosures of Cash Flow Information | ||||||||
| Accrued expenditures for property, plant and equipment at June 30, | 69 | 100 | ||||||
| AFUDC - equity component | $ (13) | $ (8) | ||||||
| ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions |
Jun. 30, 2026 |
Dec. 31, 2025 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | $ 332 | $ 1,071 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 1,156 | 1,108 | ||||||||
| Other | 92 | 117 | ||||||||
| Unbilled revenues | 416 | 558 | ||||||||
| Fuel, materials and supplies | 597 | 551 | ||||||||
| Prepayments | 178 | 106 | ||||||||
| Regulatory Assets, Current | 279 | 308 | ||||||||
| Other current assets | 115 | 112 | ||||||||
| Total Current Assets | 3,165 | 3,931 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 44,248 | 42,953 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 10,683 | 10,303 | ||||||||
| Regulated utility plant, net | 33,565 | 32,650 | ||||||||
| Non-regulated property, plant and equipment | 82 | 71 | ||||||||
| Less: accumulated depreciation - non-regulated property, plant and equipment | 26 | 26 | ||||||||
| Non-regulated property, plant and equipment, net | 56 | 45 | ||||||||
| Construction work in progress | 4,149 | 3,437 | ||||||||
| Property, Plant and Equipment, net | 37,770 | 36,132 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 2,148 | 2,092 | ||||||||
| Goodwill | 2,247 | 2,247 | ||||||||
| Other intangibles | 331 | 327 | ||||||||
| Other noncurrent assets | 640 | 515 | ||||||||
| Assets, Noncurrent | 5,366 | 5,181 | ||||||||
| Total Assets | 46,301 | 45,244 | ||||||||
| Current Liabilities | ||||||||||
| Short-term debt | 65 | 456 | ||||||||
| Long-term debt due within one year | 469 | 904 | ||||||||
| Accounts payable | 1,360 | 1,559 | ||||||||
| Taxes | 118 | 190 | ||||||||
| Interest | 201 | 195 | ||||||||
| Dividends | 210 | 198 | ||||||||
| Regulatory liabilities | 367 | 376 | ||||||||
| Other current liabilities | 707 | 668 | ||||||||
| Liabilities, Current, Total | 3,497 | 4,546 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 19,789 | 17,990 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 3,669 | 3,506 | ||||||||
| Investment tax credits | 107 | 109 | ||||||||
| Accrued pension obligations | 262 | 281 | ||||||||
| Asset retirement obligations | 109 | 133 | ||||||||
| Regulatory liabilities | 3,253 | 3,318 | ||||||||
| Other deferred credits and noncurrent liabilities | 570 | 480 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 7,970 | 7,827 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [1] | 8 | 8 | |||||||
| Additional paid-in capital | 12,331 | 12,443 | ||||||||
| Treasury Stock | (547) | (575) | ||||||||
| Earnings reinvested | 3,458 | 3,207 | ||||||||
| Accumulated other comprehensive loss | (205) | (202) | ||||||||
| Total Equity | 15,045 | 14,881 | ||||||||
| Total Liabilities and Equity | 46,301 | 45,244 | ||||||||
| PPL Electric Utilities Corp [Member] | ||||||||||
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | 33 | 30 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Other | 26 | 29 | ||||||||
| Unbilled revenues | 128 | 209 | ||||||||
| Notes Receivable from affiliates | 509 | 143 | ||||||||
| Fuel, materials and supplies | 184 | 151 | ||||||||
| Prepayments | 76 | 38 | ||||||||
| Regulatory Assets, Current | 54 | 112 | ||||||||
| Other current assets | 68 | 46 | ||||||||
| Total Current Assets | 1,612 | 1,215 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 18,108 | 17,476 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 4,231 | 4,124 | ||||||||
| Regulated utility plant, net | 13,877 | 13,352 | ||||||||
| Construction work in progress | 1,407 | 1,216 | ||||||||
| Property, Plant and Equipment, net | 15,284 | 14,568 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 771 | 725 | ||||||||
| Other intangibles | 286 | 282 | ||||||||
| Other noncurrent assets | 90 | 96 | ||||||||
| Assets, Noncurrent | 1,147 | 1,103 | ||||||||
| Total Assets | 18,043 | 16,886 | ||||||||
| Current Liabilities | ||||||||||
| Long-term debt due within one year | 108 | 0 | ||||||||
| Taxes | 3 | 47 | ||||||||
| Interest | 69 | 66 | ||||||||
| Regulatory liabilities | 106 | 103 | ||||||||
| Customer Advances, Current | 126 | 92 | ||||||||
| Other current liabilities | 80 | 58 | ||||||||
| Liabilities, Current, Total | 1,228 | 1,110 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 6,091 | 5,707 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 1,843 | 1,781 | ||||||||
| Regulatory liabilities | 807 | 828 | ||||||||
| Other deferred credits and noncurrent liabilities | 111 | 122 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 2,761 | 2,731 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [2] | 364 | 364 | |||||||
| Additional paid-in capital | 5,568 | 5,038 | ||||||||
| Earnings reinvested | 2,031 | 1,936 | ||||||||
| Total Equity | 7,963 | 7,338 | ||||||||
| Total Liabilities and Equity | 18,043 | $ 16,886 | ||||||||
| Financing Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] | CEP Reserves, Inc | |||||||||
| PPL Electric Utilities Corp [Member] | Related Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 9 | $ 7 | ||||||||
| Notes Receivable from affiliates | 509 | 143 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 61 | 54 | ||||||||
| PPL Electric Utilities Corp [Member] | Nonrelated Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 525 | 450 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 675 | 690 | ||||||||
| Louisville Gas And Electric Co [Member] | ||||||||||
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | 11 | 162 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Other | 33 | 26 | ||||||||
| Unbilled revenues | 87 | 97 | ||||||||
| Fuel, materials and supplies | 154 | 160 | ||||||||
| Prepayments | 15 | 11 | ||||||||
| Regulatory Assets, Current | 48 | 19 | ||||||||
| Other current assets | 8 | 2 | ||||||||
| Total Current Assets | 527 | 713 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 8,406 | 8,270 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 1,946 | 1,842 | ||||||||
| Regulated utility plant, net | 6,460 | 6,428 | ||||||||
| Construction work in progress | 984 | 689 | ||||||||
| Property, Plant and Equipment, net | 7,444 | 7,117 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 477 | 482 | ||||||||
| Goodwill | 389 | 389 | ||||||||
| Other intangibles | 11 | 11 | ||||||||
| Other noncurrent assets | 122 | 106 | ||||||||
| Assets, Noncurrent | 999 | 988 | ||||||||
| Total Assets | 8,970 | 8,818 | ||||||||
| Current Liabilities | ||||||||||
| Long-term debt due within one year | $ 155 | $ 90 | ||||||||
| Notes Payable, Related Party, Type [Extensible Enumeration] | Related Party | Related Party | ||||||||
| Notes Payable to affiliates | $ 108 | $ 0 | ||||||||
| Taxes | 29 | 60 | ||||||||
| Interest | 33 | 34 | ||||||||
| Current Customer Deposits | 37 | 37 | ||||||||
| Regulatory liabilities | 10 | 13 | ||||||||
| Asset Retirement Obligation, Current | 2 | 2 | ||||||||
| Other current liabilities | 56 | 54 | ||||||||
| Liabilities, Current, Total | 682 | 625 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 2,711 | 2,775 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 837 | 819 | ||||||||
| Investment tax credits | 29 | 29 | ||||||||
| Asset retirement obligations | 58 | 73 | ||||||||
| Regulatory liabilities | 806 | 809 | ||||||||
| Price risk management liabilities | 3 | 4 | ||||||||
| Other deferred credits and noncurrent liabilities | 89 | 78 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 1,822 | 1,812 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [3] | 424 | 424 | |||||||
| Additional paid-in capital | 2,295 | 2,208 | ||||||||
| Earnings reinvested | 1,036 | 974 | ||||||||
| Total Equity | 3,755 | 3,606 | ||||||||
| Total Liabilities and Equity | 8,970 | 8,818 | ||||||||
| Louisville Gas And Electric Co [Member] | Related Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 30 | 46 | ||||||||
| Notes Receivable from affiliates | 0 | 36 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 59 | 73 | ||||||||
| Louisville Gas And Electric Co [Member] | Nonrelated Party | ||||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 141 | 154 | ||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 193 | 262 | ||||||||
| Kentucky Utilities Co [Member] | ||||||||||
| Assets, Current [Abstract] | ||||||||||
| Cash and cash equivalents | 12 | 10 | ||||||||
| Accounts receivable (less reserve:) | ||||||||||
| Customer | 186 | 171 | ||||||||
| Other | 29 | 26 | ||||||||
| Unbilled revenues | 110 | 106 | ||||||||
| Fuel, materials and supplies | 204 | 183 | ||||||||
| Prepayments | 17 | 12 | ||||||||
| Regulatory Assets, Current | 1 | 1 | ||||||||
| Other current assets | 23 | 16 | ||||||||
| Total Current Assets | 582 | 525 | ||||||||
| Property, Plant and Equipment | ||||||||||
| Regulated utility plant | 11,143 | 10,929 | ||||||||
| Less: accumulated depreciation - regulated utility plant | 3,084 | 2,934 | ||||||||
| Regulated utility plant, net | 8,059 | 7,995 | ||||||||
| Construction work in progress | 1,173 | 952 | ||||||||
| Property, Plant and Equipment, net | 9,232 | 8,947 | ||||||||
| Other Noncurrent Assets | ||||||||||
| Regulatory assets | 463 | 467 | ||||||||
| Goodwill | 607 | 607 | ||||||||
| Other intangibles | 33 | 34 | ||||||||
| Other noncurrent assets | 190 | 178 | ||||||||
| Assets, Noncurrent | 1,293 | 1,286 | ||||||||
| Total Assets | 11,107 | 10,758 | ||||||||
| Current Liabilities | ||||||||||
| Short-term debt | 65 | 0 | ||||||||
| Long-term debt due within one year | $ 206 | $ 164 | ||||||||
| Notes Payable, Related Party, Type [Extensible Enumeration] | Related Party | Related Party | ||||||||
| Notes Payable to affiliates | $ 172 | $ 36 | ||||||||
| Taxes | 29 | 63 | ||||||||
| Interest | 37 | 38 | ||||||||
| Current Customer Deposits | 40 | 41 | ||||||||
| Regulatory liabilities | 15 | 16 | ||||||||
| Asset Retirement Obligation, Current | 8 | 6 | ||||||||
| Other current liabilities | 63 | 69 | ||||||||
| Liabilities, Current, Total | 868 | 676 | ||||||||
| Long-term Debt, Unclassified [Abstract] | ||||||||||
| Long-term Debt | 3,287 | 3,346 | ||||||||
| Deferred Credits and Other Noncurrent Liabilities | ||||||||||
| Deferred income taxes | 973 | 956 | ||||||||
| Investment tax credits | 78 | 79 | ||||||||
| Asset retirement obligations | 41 | 51 | ||||||||
| Regulatory liabilities | 975 | 997 | ||||||||
| Other deferred credits and noncurrent liabilities | 55 | 44 | ||||||||
| Total Deferred Credits and Other Noncurrent Liabilities | 2,122 | 2,127 | ||||||||
| Commitments and Contingent Liabilities | ||||||||||
| Equity | ||||||||||
| Common stock | [4] | 308 | 308 | |||||||
| Additional paid-in capital | 3,365 | 3,217 | ||||||||
| Earnings reinvested | 1,157 | 1,084 | ||||||||
| Total Equity | 4,830 | 4,609 | ||||||||
| Total Liabilities and Equity | 11,107 | 10,758 | ||||||||
| Kentucky Utilities Co [Member] | Related Party | ||||||||||
| Current Liabilities | ||||||||||
| Accounts payable | 94 | 106 | ||||||||
| Kentucky Utilities Co [Member] | Nonrelated Party | ||||||||||
| Current Liabilities | ||||||||||
| Accounts payable | $ 139 | $ 137 | ||||||||
| ||||||||||