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Acquisitions, Development and Divestitures (Tables) | 12 Months Ended
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Dec. 31, 2024 | Dec. 31, 2023
Acquisitions, Development and Divestitures [Line Items] |  |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The table below shows the allocation of the purchase price to the assets acquired and liabilities assumed that were recorded in PPL’s Consolidated Balance Sheet as of the Acquisition date.
|  |  |  |  |  | Final Purchase Price Allocation
Assets |  |  |  |  |  |
Current Assets |  |  |  |  |  |
Cash and Cash Equivalents |  |  |  |  |  | $ | 154 |
Accounts Receivable (a) |  |  |  |  |  | 195 |
Unbilled Revenues |  |  |  |  |  | 54 |
Price Risk Management Assets |  |  |  |  |  | 99 |
Regulatory Assets |  |  |  |  |  | 75 |
Other Current Assets |  |  |  |  |  | 65 |
Total Current Assets |  |  |  |  |  | 642 |
Noncurrent Assets |  |  |  |  |  |
Property, Plant and Equipment, net |  |  |  |  |  | 3,992 |
Regulatory Assets |  |  |  |  |  | 393 |
Goodwill |  |  |  |  |  | 1,585 |
Other Noncurrent Assets |  |  |  |  |  | 164 |
Total Noncurrent Assets |  |  |  |  |  | 6,134 |
Total Assets |  |  |  |  |  | $ | 6,776 |
Liabilities |  |  |  |  |  |
Current Liabilities |  |  |  |  |  |
Long-Term Debt Due Within One Year |  |  |  |  |  | $ | 14 |
Accounts Payable |  |  |  |  |  | 180 |
Taxes Accrued |  |  |  |  |  | 44 |
Regulatory Liabilities |  |  |  |  |  | 239 |
Other Current Liabilities |  |  |  |  |  | 198 |
Total Current Liabilities |  |  |  |  |  | 675 |
Noncurrent Liabilities |  |  |  |  |  |
Long-Term Debt |  |  |  |  |  | 1,496 |
Regulatory Liabilities |  |  |  |  |  | 643 |
Other Deferred Credits and Noncurrent Liabilities |  |  |  |  |  | 142 |
Noncurrent Liabilities |  |  |  |  |  | 2,281 |
Total Purchase Price (Balance Sheet Net Assets) |  |  |  |  |  | $ | 3,820 |
(a)Amounts represent fair value as of May 25, 2022. The gross contractual amount is $255 million. Cash flows not expected to be collected as of May 25, 2022 were $60 million. |
Business Acquisition, Pro Forma Information |  | The actual RIE Operating Revenues and Net income attributable to PPL included in PPL's Statement of Income for the period ended December 31, 2022, and PPL's unaudited pro forma 2022 Operating Revenues and Net Income (Loss) attributable to PPL, including RIE, as if the Acquisition had occurred prior to January 1, 2022 are as follows.
|  |  |  |  |  | Operating Revenues |  | Net Income (Loss)
Actual RIE results included from May 25, 2022 - December 31, 2022 (a) |  |  |  |  |  | $ | 1,038 |  |  | $ | (44) |
PPL Pro Forma for the year ended 2022 |  |  |  |  |  | 8,667 |  |  | 790 |
(a)Net Income (Loss) includes expenses of $98 million (pre-tax) related to commitments made as a condition of the Acquisition.
Narragansett Electric |  |
Acquisitions, Development and Divestitures [Line Items] |  |
Schedule of Fair Value Consideration Paid for Business Acquisition | The fair value of the consideration paid for Narragansett Electric was as follows (in billions):
Aggregate enterprise consideration |  |  |  |  |  | $ | 5.3 |
Less: fair value of assumed long-term debt outstanding |  |  |  |  |  | 1.5 |
Total cash consideration |  |  |  |  |  | $ | 3.8 |

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