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CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Operating Revenues |  |  |  |
Operating Revenues |  | $ 5,783 | $ 5,474 | $ 5,602
Operation |  |  |  |
Fuel |  | 710 | 632 | 709
Energy purchases |  | 752 | 634 | 723
Other operation and maintenance |  | 1,608 | 1,420 | 1,509
Depreciation |  | 1,082 | 1,022 | 949
Taxes, other than income |  | 207 | 180 | 186
Total Operating Expenses |  | 4,359 | 3,888 | 4,076
Operating Income |  | 1,424 | 1,586 | 1,526
Other Income (Expense) - net |  | 15 | 2 | 14
Interest Expense |  | 918 | 634 | 621
Income (Loss) from Continuing Operations Before Income Taxes |  | 521 | 954 | 919
Income Taxes |  | 503 | 314 | 183
Income (Loss) from Continuing Operations After Income Taxes |  | 18 | 640 | 736
Income (Loss) from Discontinued Operations (net of income taxes) |  | (1,498) | 829 | 1,010
Net income (Loss) |  | $ (1,480) | $ 1,469 | $ 1,746
Income (Loss) from Continuing Operations, Per Basic Share |  | $ 0.03 | $ 0.83 | $ 1.01
Earnings per Share of Common Stock [Abstract] |  |  |  |
Income (Loss) from Discontinued Operation ( net of income taxes) |  | (1.96) | 1.08 | 1.38
Net Income (Loss) Available to PPL Common Shareowners |  | (1.93) | 1.91 | 2.39
Income (Loss) from Continuing Operations, Per Diluted Share |  | 0.03 | 0.83 | 1.00
Income (Loss) from Discontinued Operation (net of income taxes) |  | (1.96) | 1.08 | 1.37
Net Income (Loss) Available to PPL Common Shareowners |  | $ (1.93) | $ 1.91 | $ 2.37
Weighted-Average Shares of Common Stock Outstanding (in thousands) |  |  |  |
Basic |  | 762,902 | 768,590 | 728,512
Diluted |  | 764,819 | 769,384 | 736,754
PPL Electric Utilities Corp [Member] |  |  |  |
Operating Revenues |  |  |  |
Operating Revenues |  | $ 2,402 | $ 2,331 | $ 2,358
Operation |  |  |  |
Energy purchases |  | 566 | 491 | 549
Other operation and maintenance |  | 557 | 513 | 566
Depreciation |  | 424 | 403 | 386
Taxes, other than income |  | 120 | 107 | 112
Total Operating Expenses |  | 1,667 | 1,514 | 1,613
Operating Income |  | 735 | 817 | 745
Other Income (Expense) - net |  | 21 | 18 | 25
Interest Income from Affiliate |  | 5 | 2 | 6
Interest Expense |  | 162 | 173 | 170
Income (Loss) from Continuing Operations Before Income Taxes |  | 599 | 664 | 606
Income Taxes |  | 154 | 167 | 149
Net income (Loss) | [1] | 445 | 497 | 457
Louisville Gas And Electric Co [Member] |  |  |  |
Operating Revenues |  |  |  |
Retail and wholesale |  | 1,545 | 1,435 | 1,473
Electric revenue from affiliates |  | 24 | 21 | 27
Operating Revenues |  | 1,569 | 1,456 | 1,500
Operation |  |  |  |
Fuel |  | 265 | 246 | 289
Energy purchases |  | 167 | 125 | 154
Energy purchases from affiliate |  | 23 | 19 | 7
Other operation and maintenance |  | 400 | 373 | 387
Depreciation |  | 279 | 259 | 231
Taxes, other than income |  | 46 | 40 | 39
Total Operating Expenses |  | 1,180 | 1,062 | 1,107
Operating Income |  | 389 | 394 | 393
Other Income (Expense) - net |  | (5) | (1) | (11)
Interest Expense |  | 81 | 87 | 87
Income (Loss) from Continuing Operations Before Income Taxes |  | 303 | 306 | 295
Income Taxes |  | 54 | 62 | 63
Net income (Loss) | [2] | 249 | 244 | 232
Kentucky Utilities Co [Member] |  |  |  |
Operating Revenues |  |  |  |
Retail and wholesale |  | 1,803 | 1,671 | 1,733
Electric revenue from affiliates |  | 23 | 19 | 7
Operating Revenues |  | 1,826 | 1,690 | 1,740
Operation |  |  |  |
Fuel |  | 445 | 386 | 420
Energy purchases |  | 19 | 18 | 20
Energy purchases from affiliate |  | 24 | 21 | 27
Other operation and maintenance |  | 463 | 429 | 438
Depreciation |  | 366 | 346 | 315
Taxes, other than income |  | 41 | 37 | 35
Total Operating Expenses |  | 1,358 | 1,237 | 1,255
Operating Income |  | 468 | 453 | 485
Other Income (Expense) - net |  | 4 | 3 | (4)
Interest Expense |  | 109 | 113 | 109
Income (Loss) from Continuing Operations Before Income Taxes |  | 363 | 343 | 372
Income Taxes |  | 67 | 63 | 79
Net income (Loss) | [3] | $ 296 | $ 280 | $ 293
[1] | Net income equals comprehensive income.
[2] | Net income equals comprehensive income.
[3] | Net income equals comprehensive income.

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