XML 42 R24.htm IDEA: XBRL DOCUMENT
v3.23.3

Revenue from Contracts with Customers | 9 Months Ended
--- | ---
Sep. 30, 2023
Revenue from Contract with Customer [Abstract] |
Revenue from Contracts with Customers | 3. Revenue from Contracts with Customers (All Registrants) See Note 3 in the Registrants' 2022 Form 10-K for a discussion of the principal activities from which PPL Electric, LG&E and KU and PPL’s Pennsylvania Regulated, Rhode Island Regulated, and Kentucky Regulated segments generate their revenues. The following tables reconcile "Operating Revenues" included in each Registrant's Statement of Income with revenues generated from contracts with customers for the periods ended September 30.
| 2023 Three Months
| PPL |  | PPL Electric |  | LG&E |  | KU
Operating Revenues (a) | $ | 2,043 |  |  | $ | 737 |  |  | $ | 398 |  |  | $ | 505 |
Revenues derived from: |  |  |  |  |  |  |
Alternative revenue programs (b) | 1 |  |  | (2) |  |  | — |  |  | — |
Other (c) | (6) |  |  | (4) |  |  | (1) |  |  | (2) |
Revenues from Contracts with Customers | $ | 2,038 |  |  | $ | 731 |  |  | $ | 397 |  |  | $ | 503 |
| 2022 Three Months
| PPL |  | PPL Electric |  | LG&E |  | KU
Operating Revenues (a) | $ | 2,134 |  |  | $ | 766 |  |  | $ | 436 |  |  | $ | 553 |
Revenues derived from: |  |  |  |  |  |  |
Alternative revenue programs (b) | 51 |  |  | 3 |  |  | 3 |  |  | 1 |
Other (c) | (8) |  |  | (4) |  |  | (1) |  |  | (2) |
Revenues from Contracts with Customers | $ | 2,177 |  |  | $ | 765 |  |  | $ | 438 |  |  | $ | 552 |
| 2023 Nine Months
| PPL |  | PPL Electric |  | LG&E |  | KU
Operating Revenues (a) | $ | 6,281 |  |  | $ | 2,295 |  |  | $ | 1,227 |  |  | $ | 1,439 |
Revenues derived from: |  |  |  |  |  |  |
Alternative revenue programs (b) | 42 |  |  | 5 |  |  | 1 |  |  | (3) |
Other (c) | (17) |  |  | (11) |  |  | (3) |  |  | (3) |
Revenues from Contracts with Customers | $ | 6,306 |  |  | $ | 2,289 |  |  | $ | 1,225 |  |  | $ | 1,433 |
| 2022 Nine Months
| PPL |  | PPL Electric |  | LG&E |  | KU
Operating Revenues (a) | $ | 5,612 |  |  | $ | 2,217 |  |  | $ | 1,339 |  |  | $ | 1,569 |
Revenues derived from: |  |  |  |  |  |  |
Alternative revenue programs (b) | (16) |  |  | (56) |  |  | 12 |  |  | 5 |
Other (c) | (21) |  |  | (11) |  |  | (5) |  |  | (3) |
Revenues from Contracts with Customers | $ | 5,575 |  |  | $ | 2,150 |  |  | $ | 1,346 |  |  | $ | 1,571 |
(a)PPL includes $413 million and $1.4 billion for the three and nine months ended September 30, 2023 and $384 million and $512 million for the three and nine months ended September 30, 2022 of revenues from external customers reported by the Rhode Island Regulated segment. PPL Electric represents revenues from external customers reported by the Pennsylvania Regulated segment and LG&E and KU, net of intercompany power sales and transmission revenues, represent revenues from external customers reported by the Kentucky Regulated segment. See Note 2 for additional information. (b)This line item shows the over/under collection of rate mechanisms deemed alternative revenue programs with over-collections of revenue shown as positive amounts in the table above and under-collections shown as negative amounts. For PPL Electric, the nine months ended September 30, 2022, included $74 million related to the amortization of the regulatory liability recorded in 2021 for a reduction in the transmission formula rate return on equity that was reflected in rates in 2022. (c)Represents additional revenues outside the scope of revenues from contracts with customers, such as lease and other miscellaneous revenues. The following tables show revenues from contracts with customers disaggregated by customer class for the periods ended September 30.
| Three Months
| Residential |  | Commercial |  | Industrial |  | Other (a) |  | Wholesale - municipality |  | Wholesale - other (b) |  | Transmission |  | Revenues from Contracts with Customers
PPL |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PA Regulated | $ | 389 |  |  | $ | 113 |  |  | $ | 13 |  |  | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | 202 |  |  | $ | 731 |
KY Regulated | 367 |  |  | 260 |  |  | 162 |  |  | 79 |  |  | 6 |  |  | 17 |  |  | — |  |  | 891 |
RI Regulated | 110 |  |  | 32 |  |  | 4 |  |  | 223 |  |  | — |  |  | — |  |  | 47 |  |  | 416 |
Corp and Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total PPL | $ | 866 |  |  | $ | 405 |  |  | $ | 179 |  |  | $ | 316 |  |  | $ | 6 |  |  | $ | 17 |  |  | $ | 249 |  |  | $ | 2,038 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PA Regulated | $ | 407 |  |  | $ | 135 |  |  | $ | 22 |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | 188 |  |  | $ | 765 |
KY Regulated | 401 |  |  | 284 |  |  | 176 |  |  | 88 |  |  | 8 |  |  | 21 |  |  | — |  |  | 978 |
RI Regulated | 100 |  |  | 34 |  |  | 3 |  |  | 251 |  |  | — |  |  | — |  |  | 39 |  |  | 427 |
Corp and Other | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 7 |
Total PPL | $ | 908 |  |  | $ | 453 |  |  | $ | 201 |  |  | $ | 359 |  |  | $ | 8 |  |  | $ | 21 |  |  | $ | 227 |  |  | $ | 2,177 |
PPL Electric |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 389 |  |  | $ | 113 |  |  | $ | 13 |  |  | $ | 14 |  |  | $ | — |  |  | $ | — |  |  | $ | 202 |  |  | $ | 731 |
2022 | $ | 407 |  |  | $ | 135 |  |  | $ | 22 |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | 188 |  |  | $ | 765 |
LG&E |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 182 |  |  | $ | 127 |  |  | $ | 49 |  |  | $ | 33 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | 397 |
2022 | $ | 200 |  |  | $ | 140 |  |  | $ | 53 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | 438 |
KU |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 185 |  |  | $ | 133 |  |  | $ | 113 |  |  | $ | 45 |  |  | $ | 6 |  |  | $ | 21 |  |  | $ | — |  |  | $ | 503 |
2022 | $ | 201 |  |  | $ | 144 |  |  | $ | 123 |  |  | $ | 51 |  |  | $ | 8 |  |  | $ | 25 |  |  | $ | — |  |  | $ | 552 |
| Nine Months
| Residential |  | Commercial |  | Industrial |  | Other (a) |  | Wholesale - municipality |  | Wholesale - other (b) |  | Transmission |  | Revenues from Contracts with Customers
PPL |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PA Regulated | $ | 1,266 |  |  | $ | 346 |  |  | $ | 44 |  |  | $ | 40 |  |  | $ | — |  |  | $ | — |  |  | $ | 593 |  |  | $ | 2,289 |
KY Regulated | 1,108 |  |  | 771 |  |  | 486 |  |  | 205 |  |  | 17 |  |  | 37 |  |  | — |  |  | 2,624 |
RI Regulated | 480 |  |  | 182 |  |  | 17 |  |  | 586 |  |  | — |  |  | — |  |  | 128 |  |  | 1,393 |
Corp and Other | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total PPL | $ | 2,854 |  |  | $ | 1,299 |  |  | $ | 547 |  |  | $ | 831 |  |  | $ | 17 |  |  | $ | 37 |  |  | $ | 721 |  |  | $ | 6,306 |
2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
PA Regulated | $ | 1,189 |  |  | $ | 360 |  |  | $ | 67 |  |  | $ | 39 |  |  | $ | — |  |  | $ | — |  |  | $ | 495 |  |  | $ | 2,150 |
KY Regulated | 1,218 |  |  | 805 |  |  | 497 |  |  | 264 |  |  | 22 |  |  | 66 |  |  | — |  |  | 2,872 |
RI Regulated | 131 |  |  | 46 |  |  | 4 |  |  | 298 |  |  | — |  |  | — |  |  | 55 |  |  | 534 |
Corp and Other | — |  |  | — |  |  | — |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  | 19 |
Total PPL | $ | 2,538 |  |  | $ | 1,211 |  |  | $ | 568 |  |  | $ | 620 |  |  | $ | 22 |  |  | $ | 66 |  |  | $ | 550 |  |  | $ | 5,575 |
| Nine Months
| Residential |  | Commercial |  | Industrial |  | Other (a) |  | Wholesale - municipality |  | Wholesale - other (b) |  | Transmission |  | Revenues from Contracts with Customers
PPL Electric |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 1,266 |  |  | $ | 346 |  |  | $ | 44 |  |  | $ | 40 |  |  | $ | — |  |  | $ | — |  |  | $ | 593 |  |  | $ | 2,289 |
2022 | $ | 1,189 |  |  | $ | 360 |  |  | $ | 67 |  |  | $ | 39 |  |  | $ | — |  |  | $ | — |  |  | $ | 495 |  |  | $ | 2,150 |
LG&E |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 574 |  |  | $ | 398 |  |  | $ | 145 |  |  | $ | 75 |  |  | $ | — |  |  | $ | 33 |  |  | $ | — |  |  | $ | 1,225 |
2022 | $ | 615 |  |  | $ | 410 |  |  | $ | 147 |  |  | $ | 125 |  |  | $ | — |  |  | $ | 49 |  |  | $ | — |  |  | $ | 1,346 |
KU |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2023 | $ | 534 |  |  | $ | 373 |  |  | $ | 341 |  |  | $ | 130 |  |  | $ | 17 |  |  | $ | 38 |  |  | $ | — |  |  | $ | 1,433 |
2022 | $ | 603 |  |  | $ | 395 |  |  | $ | 350 |  |  | $ | 140 |  |  | $ | 22 |  |  | $ | 61 |  |  | $ | — |  |  | $ | 1,571 |
(a)Primarily includes revenues from pole attachments, street lighting, other public authorities and other non-core businesses. The Rhode Island Regulated segment primarily includes open access tariff revenues, which are calculated on combined customer classes. (b)Includes wholesale power and transmission revenues. LG&E and KU amounts include intercompany power sales and transmission revenues, which are eliminated upon consolidation at the Kentucky Regulated segment. As discussed in Note 2, PPL segments its business by geographic location. Revenues from external customers for each segment/geographic location are reconciled to revenues from contracts with customers in the footnotes to the tables above. Contract receivables from customers are primarily included in "Accounts receivable - Customer", "Unbilled revenues", and "Other noncurrent assets" on the Balance Sheets. The following table shows the accounts receivable and unbilled revenues balances that were impaired for the periods ended September 30.
| Three Months |  | Nine Months
| 2023 |  | 2022 |  | 2023 |  | 2022
PPL | $ | 20 |  |  | $ | 21 |  |  | $ | 47 |  |  | $ | 55 |
PPL Electric | 10 |  |  | 7 |  |  | 27 |  |  | 12 |
LG&E | 2 |  |  | 2 |  |  | 3 |  |  | 4 |
KU | 1 |  |  | 3 |  |  | 2 |  |  | 5 |
The following table shows the balances and certain activity of contract liabilities resulting from contracts with customers.
| PPL |  | PPL Electric |  | LG&E |  | KU
Contract liabilities at December 31, 2022 | $ | 34 |  |  | $ | 23 |  |  | $ | 5 |  |  | $ | 6 |
Contract liabilities at September 30, 2023 | 33 |  |  | 21 |  |  | 5 |  |  | 6 |
Revenue recognized during the nine months ended September 30, 2023 that was included in the contract liability balance at December 31, 2022 | 21 |  |  | 10 |  |  | 5 |  |  | 6 |
Contract liabilities at December 31, 2021 | $ | 42 |  |  | $ | 25 |  |  | $ | 6 |  |  | $ | 6 |
Contract liabilities at September 30, 2022 | 35 |  |  | 18 |  |  | 6 |  |  | 6 |
Revenue recognized during the nine months ended September 30, 2022 that was included in the contract liability balance at December 31, 2021 | 25 |  |  | 12 |  |  | 6 |  |  | 6 |
Contract liabilities result from recording contractual billings in advance for customer attachments to the Registrants' infrastructure and payments received in excess of revenues earned to date. Advanced billings for customer attachments are generally recognized as revenue ratably over the quarterly billing period. Payments received in excess of revenues earned to date are recognized as revenue as services are delivered in subsequent periods.

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
Name: | us-gaap_RevenueFromContractWithCustomerTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration