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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Operating Revenues |  |  |  |
Operating Revenues |  | $ 7,607 | $ 7,769 | $ 7,785
Operation |  |  |  |
Fuel |  | 632 | 709 | 799
Energy purchases |  | 634 | 723 | 745
Other operation and maintenance |  | 1,944 | 1,985 | 1,983
Depreciation |  | 1,287 | 1,199 | 1,094
Taxes, other than income |  | 307 | 313 | 312
Total Operating Expenses |  | 4,804 | 4,929 | 4,933
Operating Income |  | 2,803 | 2,840 | 2,852
Other Income (Expense) - net |  | 169 | 309 | 396
Interest Expense |  | 1,001 | 994 | 963
Income Before Income Taxes |  | 1,971 | 2,155 | 2,285
Income Taxes |  | 502 | 409 | 458
Net income |  | $ 1,469 | $ 1,746 | $ 1,827
Net Income Available to PPL Common Shareowners |  |  |  |
Basic (in dollars per share) |  | $ 1.91 | $ 2.39 | $ 2.59
Diluted (in dollars per share) |  | $ 1.91 | $ 2.37 | $ 2.58
Weighted-Average Shares of Common Stock Outstanding (in thousands) |  |  |  |
Basic |  | 768,590 | 728,512 | 704,439
Diluted |  | 769,384 | 736,754 | 708,619
PPL Electric Utilities Corp [Member] |  |  |  |
Operating Revenues |  |  |  |
Operating Revenues |  | $ 2,331 | $ 2,358 | $ 2,277
Operation |  |  |  |
Energy purchases |  | 491 | 549 | 544
Other operation and maintenance |  | 513 | 566 | 578
Depreciation |  | 403 | 386 | 352
Taxes, other than income |  | 107 | 112 | 109
Total Operating Expenses |  | 1,514 | 1,613 | 1,583
Operating Income |  | 817 | 745 | 694
Other Income (Expense) - net |  | 18 | 25 | 23
Interest Income from Affiliate |  | 2 | 6 | 8
Interest Expense |  | 173 | 170 | 159
Income Before Income Taxes |  | 664 | 606 | 566
Income Taxes |  | 167 | 149 | 136
Net income | [1] | 497 | 457 | 430
LG And E And KU Energy LLC [Member] |  |  |  |
Operating Revenues |  |  |  |
Operating Revenues |  | 3,106 | 3,206 | 3,214
Operation |  |  |  |
Fuel |  | 632 | 709 | 799
Energy purchases |  | 143 | 174 | 201
Other operation and maintenance |  | 834 | 861 | 848
Depreciation |  | 606 | 547 | 475
Taxes, other than income |  | 77 | 74 | 70
Total Operating Expenses |  | 2,292 | 2,365 | 2,393
Operating Income |  | 814 | 841 | 821
Other Income (Expense) - net |  | 2 | (13) | (16)
Interest Expense |  | 223 | 226 | 206
Interest Expense with Affiliates |  | 37 | 31 | 25
Income Before Income Taxes |  | 556 | 571 | 574
Income Taxes |  | 106 | 103 | 129
Net income |  | 450 | 468 | 445
Louisville Gas And Electric Co [Member] |  |  |  |
Operating Revenues |  |  |  |
Retail and wholesale |  | 1,435 | 1,473 | 1,467
Electric revenue from affiliates |  | 21 | 27 | 29
Operating Revenues |  | 1,456 | 1,500 | 1,496
Operation |  |  |  |
Fuel |  | 246 | 289 | 308
Energy purchases |  | 125 | 154 | 183
Energy purchases from affiliate |  | 19 | 7 | 13
Other operation and maintenance |  | 373 | 387 | 376
Depreciation |  | 259 | 231 | 195
Taxes, other than income |  | 40 | 39 | 36
Total Operating Expenses |  | 1,062 | 1,107 | 1,111
Operating Income |  | 394 | 393 | 385
Other Income (Expense) - net |  | (1) | (11) | (12)
Interest Expense |  | 87 | 87 | 76
Income Before Income Taxes |  | 306 | 295 | 297
Income Taxes |  | 62 | 63 | 64
Net income | [2] | 244 | 232 | 233
Kentucky Utilities Co [Member] |  |  |  |
Operating Revenues |  |  |  |
Retail and wholesale |  | 1,671 | 1,733 | 1,747
Electric revenue from affiliates |  | 19 | 7 | 13
Operating Revenues |  | 1,690 | 1,740 | 1,760
Operation |  |  |  |
Fuel |  | 386 | 420 | 491
Energy purchases |  | 18 | 20 | 18
Energy purchases from affiliate |  | 21 | 27 | 29
Other operation and maintenance |  | 429 | 438 | 441
Depreciation |  | 346 | 315 | 279
Taxes, other than income |  | 37 | 35 | 34
Total Operating Expenses |  | 1,237 | 1,255 | 1,292
Operating Income |  | 453 | 485 | 468
Other Income (Expense) - net |  | 3 | (4) | (6)
Interest Expense |  | 113 | 109 | 100
Income Before Income Taxes |  | 343 | 372 | 362
Income Taxes |  | 63 | 79 | 76
Net income | [3] | $ 280 | $ 293 | $ 286
[1] | Net income equals comprehensive income.
[2] | Net income equals comprehensive income.
[3] | Net income equals comprehensive income.

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