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v3.23.3

Financing Activities (Tables) | 9 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Schedule of Line of Credit Facilities | The following credit facilities were in place at:
| September 30, 2023 |  | December 31, 2022
| Expiration Date |  | Capacity |  | Borrowed |  | Letters of Credit and Commercial Paper Issued (c) |  | Unused Capacity |  | Borrowed |  | Letters of Credit and Commercial Paper Issued (c)
PPL |  |  |  |  |  |  |  |  |  |  |  |  |
PPL Capital Funding (a) |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility (b) | Dec. 2027 |  | $ | 1,250 |  |  | $ | — |  |  | $ | 75 |  |  | $ | 1,175 |  |  | $ | — |  |  | $ | 561 |
Bilateral Credit Facility | Mar. 2024 |  | 100 |  |  | — |  |  | — |  |  | 100 |  |  | — |  |  | — |
Bilateral Credit Facility | Mar. 2024 |  | 100 |  |  | — |  |  | 13 |  |  | 87 |  |  | — |  |  | 58 |
Total PPL Capital Funding Credit Facilities |  |  | $ | 1,450 |  |  | $ | — |  |  | $ | 88 |  |  | $ | 1,362 |  |  | $ | — |  |  | $ | 619 |
PPL Electric |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility | Dec. 2027 |  | $ | 650 |  |  | $ | — |  |  | $ | 188 |  |  | $ | 462 |  |  | $ | — |  |  | $ | 146 |
Term Loan Credit Facility | Mar. 2024 |  | — |  |  | — |  |  | — |  |  | — |  |  | 250 |  |  | — |
Total PPL Electric Credit Facilities |  |  | $ | 650 |  |  | $ | — |  |  | $ | 188 |  |  | $ | 462 |  |  | $ | 250 |  |  | $ | 146 |
LG&E |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility | Dec. 2027 |  | $ | 500 |  |  | $ | — |  |  | $ | — |  |  | $ | 500 |  |  | $ | — |  |  | $ | 180 |
Term Loan Credit Facility | Jul. 2024 |  | — |  |  | — |  |  | — |  |  | — |  |  | 300 |  |  | — |
Total LG&E Credit Facilities |  |  | $ | 500 |  |  | $ | — |  |  | $ | — |  |  | $ | 500 |  |  | $ | 300 |  |  | $ | 180 |
KU |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility | Dec. 2027 |  | $ | 400 |  |  | $ | — |  |  | $ | 25 |  |  | $ | 375 |  |  | $ | — |  |  | $ | 101 |
Term Loan Credit Facility | Jul. 2024 |  | — |  |  | — |  |  | — |  |  | — |  |  | 300 |  |  | — |
Total KU Credit Facilities |  |  | $ | 400 |  |  | $ | — |  |  | $ | 25 |  |  | $ | 375 |  |  | $ | 300 |  |  | $ | 101 |
(a)PPL Capital Funding's obligations are fully and unconditionally guaranteed by PPL. (b)Includes a $250 million borrowing sublimit for RIE and a $1 billion sublimit for PPL Capital Funding. At September 30, 2023, PPL Capital Funding had no commercial paper outstanding and RIE had $75 million of commercial paper outstanding. RIE's obligations under the facility are not guaranteed by PPL. (c)Commercial paper issued reflects the undiscounted face value of the issuance.
Schedule of Short-term Debt | The following commercial paper programs were in place at:
| September 30, 2023 |  | December 31, 2022
| Weighted - Average Interest Rate |  | Capacity |  | Commercial Paper Issuances (c) |  | Unused Capacity |  | Weighted - Average Interest Rate |  | Commercial Paper Issuances (c)
PPL Capital Funding (a) (b) |  |  | $ | 1,350 |  |  | $ | — |  |  | $ | 1,350 |  |  | 4.84% |  | $ | 561 |
RIE (b) | 5.49% |  | 400 |  |  | 75 |  |  | 325 |  |  |  |  | — |
PPL Electric | 5.47% |  | 650 |  |  | 187 |  |  | 463 |  |  | 4.74% |  | 145 |
LG&E |  |  | 500 |  |  | — |  |  | 500 |  |  | 4.94% |  | 180 |
KU | 5.45% |  | 400 |  |  | 25 |  |  | 375 |  |  | 4.90% |  | 101 |
Total |  |  | $ | 3,300 |  |  | $ | 287 |  |  | $ | 3,013 |  |  |  |  | $ | 987 |
(a)PPL Capital Funding's obligations are fully and unconditionally guaranteed by PPL. (b)Issuances under the PPL Capital Funding and RIE commercial paper programs are supported by the PPL Capital Funding syndicated credit facility, which has a total capacity of $1.25 billion and under which they are both borrowers. PPL Capital Funding’s Commercial paper program is also backed by a separate bilateral credit facility for $100 million. The PPL Capital Funding syndicated credit facility includes a borrowing sublimit for RIE, which is currently set at $250 million with the remaining $1 billion allocated to PPL Capital Funding. RIE's obligations under the facility are not guaranteed by PPL. The sublimits of each borrower may be decreased or increased at the borrowers’ option up to a prescribed amount such that all borrowings under the syndicated credit facility cannot exceed the size of the credit facility of $1.25 billion. (c)Commercial paper issued reflects the undiscounted face value of the issuance.

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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