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Financing Activities | 3 Months Ended
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Mar. 31, 2024
Debt Disclosure [Abstract] |
Financing Activities | 7. Financing Activities Credit Arrangements and Short-term Debt (All Registrants) The Registrants maintain credit facilities to enhance liquidity, provide credit support and provide a backstop to commercial paper programs. For reporting purposes, on a consolidated basis, the credit facilities and commercial paper programs of PPL Electric, LG&E and KU are attributable to PPL. The amounts listed in the borrowed column below are recorded as "Short-term debt" on the Balance Sheets. The following credit facilities were in place at:
| March 31, 2024 |  | December 31, 2023
| 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. 2028 |  | $ | 1,250 |  |  | $ | — |  |  | $ | 218 |  |  | $ | 1,032 |  |  | $ | — |  |  | $ | 390 |
Bilateral Credit Facility | Feb. 2025 |  | 100 |  |  | — |  |  | — |  |  | 100 |  |  | — |  |  | — |
Bilateral Credit Facility | Feb. 2025 |  | 100 |  |  | — |  |  | 13 |  |  | 87 |  |  | — |  |  | 13 |
Total PPL Capital Funding Credit Facilities |  |  | $ | 1,450 |  |  | $ | — |  |  | $ | 231 |  |  | $ | 1,219 |  |  | $ | — |  |  | $ | 403 |
PPL Electric |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility | Dec. 2028 |  | $ | 650 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 649 |  |  | $ | — |  |  | $ | 511 |
Total PPL Electric Credit Facilities |  |  | $ | 650 |  |  | $ | — |  |  | $ | 1 |  |  | $ | 649 |  |  | $ | — |  |  | $ | 511 |
LG&E |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility | Dec. 2028 |  | $ | 500 |  |  | $ | — |  |  | $ | 28 |  |  | $ | 472 |  |  | $ | — |  |  | $ | — |
Total LG&E Credit Facilities |  |  | $ | 500 |  |  | $ | — |  |  | $ | 28 |  |  | $ | 472 |  |  | $ | — |  |  | $ | — |
KU |  |  |  |  |  |  |  |  |  |  |  |  |
Syndicated Credit Facility | Dec. 2028 |  | $ | 400 |  |  | $ | — |  |  | $ | 45 |  |  | $ | 355 |  |  | $ | — |  |  | $ | 93 |
Total KU Credit Facilities |  |  | $ | 400 |  |  | $ | — |  |  | $ | 45 |  |  | $ | 355 |  |  | $ | — |  |  | $ | 93 |
(a)PPL Capital Funding's obligations are fully and unconditionally guaranteed by PPL. (b)The PPL Capital Funding $1.25 billion syndicated credit facility includes a $400 million borrowing sublimit for RIE and a $850 million sublimit for PPL Capital Funding at March 31, 2024. RIE’s borrowing sublimit is adjustable, at the borrowers’ option, from $0 to $600 million, with the remaining balance of the $1.25 billion available under the facility allocated to PPL Capital Funding. At December 31, 2023, the borrowing sublimit for RIE was $250 million and a $1 billion sublimit for PPL Capital Funding. At March 31, 2024, PPL Capital Funding had $218 million commercial paper outstanding and RIE had no commercial paper outstanding. At December 31, 2023, PPL Capital Funding had $365 million commercial paper outstanding and RIE had $25 million 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. (All Registrants) PPL Capital Funding, RIE, PPL Electric, LG&E and KU maintain commercial paper programs to provide an additional financing source to fund short-term liquidity needs. Commercial paper issuances, included in "Short-term debt" on the Balance Sheets, are supported by the respective Registrant's credit facilities. The following commercial paper programs were in place at:
| March 31, 2024 |  | December 31, 2023
| Weighted - Average Interest Rate |  | Capacity |  | Commercial Paper Issuances (c) |  | Unused Capacity |  | Weighted - Average Interest Rate |  | Commercial Paper Issuances (c)
PPL Capital Funding (a) (b) | 5.51% |  | $ | 1,350 |  |  | $ | 218 |  |  | $ | 1,132 |  |  | 5.66% |  | $ | 365 |
RIE (b) |  |  | 400 |  |  | — |  |  | 400 |  |  | 5.72% |  | 25 |
PPL Electric |  |  | 650 |  |  | — |  |  | 650 |  |  | 5.67% |  | 510 |
LG&E | 5.49% |  | 500 |  |  | 28 |  |  | 472 |  |  |  |  | — |
KU | 5.49% |  | 400 |  |  | 45 |  |  | 355 |  |  | 5.64% |  | 93 |
Total |  |  | $ | 3,300 |  |  | $ | 291 |  |  | $ | 3,009 |  |  |  |  | $ | 993 |
(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. At March 31, 2024, the borrowing sublimits were $400 million for RIE and $850 million for PPL Capital Funding. At December 31, 2023, the borrowing sublimits under the facility were $250 million at RIE and $1 billion at PPL Capital Funding. PPL Capital Funding’s Commercial paper program is also backed by a separate bilateral credit facility for $100 million. (c)Commercial paper issued reflects the undiscounted face value of the issuance. (PPL Electric, LG&E, and KU) See Note 11 for discussion of intercompany borrowings. Long-term Debt (PPL) In March 2024, RIE issued $500 million of 5.35% Senior Notes due 2034. RIE received proceeds of $496 million, net of discounts and underwriting fees, which will be used to repay short-term debt and for other general corporate purposes. (PPL and PPL Electric) In January 2024, PPL Electric issued $650 million of 4.85% First Mortgage Bonds due 2034. PPL Electric received proceeds of $644 million, net of discounts and underwriting fees, which will be used to repay short-term debt and for other general corporate purposes. Dividends In February 2024, PPL declared a quarterly cash dividend on its common stock, payable April 1, 2024, of 25.75 cents per share (equivalent to $1.03 per annum).

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 470 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-6 Reference 2: 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