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Financing Activities (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Line Items]  
Credit Facilities in Place at Period End The following credit facilities were in place at:
 December 31, 2025December 31, 2024
 Expiration
Date		CapacityBorrowedLetters of
Credit
and
Commercial
Paper
Issued (a)		Unused CapacityBorrowedLetters of
Credit
and
Commercial
Paper
Issued (a)
PPL       
PPL Capital Funding (b)       
Syndicated Credit Facility (c)(d)(e)Dec. 2029$1,500 $— $456 $1,044 $— $138 
Bilateral Credit Facility (c)(d)Feb. 2026100 — — 100 — — 
Bilateral Credit Facility (c)(d)Feb. 2026100 — 17 83 — 15 
Total PPL Capital Funding Credit Facilities$1,700 $— $473 $1,227 $— $153 
PPL Electric       
Syndicated Credit Facility (c)(d)Dec. 2029750 — 6 744 — 1 
Total PPL Electric Credit Facilities$750 $— $6 $744 $— $1 
LG&E       
Syndicated Credit Facility (c)(d)Dec. 2029600 — — 600 — 25 
Total LG&E Credit Facilities$600 $— $— $600 $— $25 
KU       
Syndicated Credit Facility (c)(d)Dec. 2029600 — — 600 — 140 
Total KU Credit Facilities $600 $— $— $600 $— $140 

(a)Commercial paper issued reflects the undiscounted face value of the issuance.
(b)PPL Capital Funding's obligations are fully and unconditionally guaranteed by PPL.
(c)Each company pays customary fees under its respective facility and borrowings generally bear interest at applicable secured overnight financing rates or base rates, plus an applicable margin.
(d)The facilities contain a financial covenant requiring debt to total capitalization not to exceed 70% for PPL Capital Funding, RIE, PPL Electric, LG&E and KU, as calculated in accordance with the facilities and other customary covenants. Additionally, subject to certain conditions, PPL Capital Funding may request that the capacity of one of its bilateral credit facilities expiring in February 2026 be increased by up to $30 million and that the capacity of its syndicated credit facility be increased by up to $400 million. PPL Electric, LG&E and KU may each request up to a $250 million increase in its syndicated credit facility's capacity, subject to regulatory approval of the increased capacity. Participation in any such increase is at the sole discretion of each lender.
(e)Includes a $400 million borrowing sublimit for RIE and a $1.1 billion sublimit for PPL Capital Funding at December 31, 2025 and a $250 million borrowing sublimit for RIE and a $1 billion sublimit for PPL Capital Funding at December 31, 2024. At December 31, 2025, PPL Capital Funding had $355 million of commercial paper outstanding and RIE had $101 million commercial paper outstanding. At December 31, 2024, PPL Capital Funding had $138 million of commercial paper outstanding and RIE had no commercial paper outstanding. RIE's obligations under the facility are not guaranteed by PPL.
Commercial paper The following commercial paper programs were in place at:
 December 31, 2025December 31, 2024
Weighted -
Average
Interest Rate		CapacityCommercial
Paper
Issuances (a)		Unused
Capacity		Weighted -
Average
Interest Rate		Commercial
Paper
Issuances (a)
PPL Capital Funding (b)(c)4.16%$1,600 $355 $1,245 4.76%$138 
RIE (c)4.21%400 101 299 — 
PPL Electric750 — 750 — 
LG&E600 — 600 4.72%25 
KU600 — 600 4.71%140 
Total $3,950 $456 $3,494 $303 

(a)Commercial paper issued reflects the undiscounted face value of the issuance.
(b)PPL Capital Funding's obligations are fully and unconditionally guaranteed by PPL.
(c)Issuances under the PPL Capital Funding and RIE commercial paper programs are supported by the PPL Capital Funding syndicated credit facility, which at December 31, 2025, had a total capacity of $1.50 billion, with a $400 million borrowing sublimit for RIE and a $1.1 billion sublimit for PPL Capital Funding. At December 31, 2024, the borrowing sublimits were $250 million for RIE and $1 billion for 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 $1.50 billion. PPL Capital Funding's commercial paper program is also backed by a separate bilateral credit facility for $100 million.
Long-term Debt
Long-term Debt (All Registrants)

  December 31,
 Weighted-Average
Rate (d)		Maturities (d)20252024
PPL    
Senior Unsecured Notes4.34 %2026 - 2047$4,316 $4,316 
Senior Secured Notes/First Mortgage Bonds (a)(b)(c)4.64 %2026 - 205512,227 10,878 
Exchangeable Senior Unsecured Notes2.94 %2028 - 20302,150 1,000 
Junior Subordinated Notes6.61 %2067480 480 
Total Long-term Debt before adjustments  19,173 16,674 
Long-term Debt, repurchased affiliate bonds(84)— 
Unamortized premium and (discount), net(58)(57)
Unamortized debt issuance costs(137)(114)
Total Long-term Debt18,894 16,503 
Less current portion of Long-term Debt904 551 
Total Long-term Debt, noncurrent$17,990 $15,952 
PPL Electric    
Senior Secured Notes/First Mortgage Bonds (a)(b)4.72 %2027 - 2055$5,799 $5,299 
Total Long-term Debt Before Adjustments  5,799 5,299 
Unamortized discount  (45)(42)
Unamortized debt issuance costs  (47)(43)
Total Long-term Debt  5,707 5,214 
Less current portion of Long-term Debt  — — 
Total Long-term Debt, noncurrent  $5,707 $5,214 
LG&E    
Senior Secured Notes/First Mortgage Bonds (a)(c)4.52 %2026 - 2055$2,889 $2,489 
Total Long-term Debt Before Adjustments  2,889 2,489 
Unamortized discount  (4)(4)
Unamortized debt issuance costs  (20)(14)
Total Long-term Debt  2,865 2,471 
Less current portion of Long-term Debt  90 300 
Total Long-term Debt, noncurrent  $2,775 $2,171 
KU    
Senior Secured Notes/First Mortgage Bonds (a)(c)4.60 %2026 - 2055$3,539 $3,089 
Total Long-term Debt Before Adjustments  3,539 3,089 
Unamortized premium4 4 
Unamortized discount  (8)(8)
Unamortized debt issuance costs  (25)(19)
Total Long-term Debt  3,510 3,066 
Less current portion of Long-term Debt  164 250 
Total Long-term Debt, noncurrent  $3,346 $2,816 

(a)Includes PPL Electric's senior secured and first mortgage bonds that are secured by the lien of PPL Electric's 2001 Mortgage Indenture, which covers substantially all of PPL Electric's tangible distribution properties and certain of its tangible transmission properties located in Pennsylvania, subject to certain exceptions and exclusions. The carrying value of PPL Electric's property, plant and equipment was approximately $14.6 billion and $13.3 billion at December 31, 2025 and 2024.
Includes LG&E's first mortgage bonds that are secured by the lien of the LG&E 2010 Mortgage Indenture which creates a lien, subject to certain exceptions and exclusions, on substantially all of LG&E's real and tangible personal property located in Kentucky and used or to be used in connection with the generation, transmission and distribution of electricity and the storage and distribution of natural gas. The aggregate carrying value of the property subject to the lien was $6.4 billion and $6.0 billion at December 31, 2025 and 2024.

Includes KU's first mortgage bonds that are secured by the lien of the KU 2010 Mortgage Indenture which creates a lien, subject to certain exceptions and exclusions, on substantially all of KU's real and tangible personal property located in Kentucky and used or to be used in connection with the generation, transmission and distribution of electricity. The aggregate carrying value of the property subject to the lien was $8.0 billion and $7.5 billion at December 31, 2025 and 2024.
(b)Includes PPL Electric's series of senior secured bonds that secure its obligations to make payments with respect to each series of Pollution Control Bonds that were issued by the LCIDA on behalf of PPL Electric. These senior secured bonds were issued in the same principal amount, contain payment and redemption provisions that correspond to and bear the same interest rate as such Pollution Control Bonds. These senior secured bonds were issued under PPL Electric's 2001 Mortgage Indenture and are secured as noted in (a) above. The tax-exempt revenue bonds are subject to mandatory redemption upon determination that the interest rate on the bonds would be included in the holders' gross income for federal tax purposes.
(c)Includes LG&E's and KU's series of first mortgage bonds that were issued to the respective trustees of tax-exempt revenue bonds to secure its respective obligations to make payments with respect to each series of bonds. The first mortgage bonds were issued in the same principal amounts, contain payment and redemption provisions that correspond to and bear the same interest rate as such tax-exempt revenue bonds. These first mortgage bonds were issued under the LG&E 2010 Mortgage Indenture and the KU 2010 Mortgage Indenture and are secured as noted in (a) above. The related tax-exempt revenue bonds were issued by various governmental entities, principally counties in Kentucky, on behalf of LG&E and KU. The related revenue bond documents allow LG&E and KU to convert the interest rate mode on the bonds from time to time to a commercial paper rate, daily rate, weekly rate, term rate of at least one year or, in some cases, an auction rate or a SOFR index rate. At December 31, 2025, the aggregate tax-exempt revenue bonds issued on behalf of LG&E and KU that were in a term rate mode totaled $894 million for PPL, comprised of $538 million and $356 million for LG&E and KU. At December 31, 2025, the aggregate tax-exempt revenue bonds issued on behalf of LG&E and KU that were in a variable rate mode totaled $66 million and $33 million for LG&E and KU. These variable rate tax-exempt revenue bonds are subject to tender for purchase by LG&E and KU at the option of the holder and to mandatory tender for purchase by LG&E and KU upon the occurrence of certain events.
(d)The table reflects principal maturities only, based on stated maturities, sinking fund requirements, or earlier put dates, and the weighted-average rates as of December 31, 2025.
Long-term Debt Maturities
The aggregate maturities of long-term debt, based on sinking fund requirements, stated maturities or earlier put dates, for the periods 2026 through 2030 and thereafter are as follows:
PPL (a)
PPL ElectricLG&EKU
2026$904 $— $90 $164 
2027428 108 260 60 
20281,350 — — — 
2029116 116 — — 
20302,181 — — — 
Thereafter14,110 5,575 2,539 3,315 
Total$19,089 $5,799 $2,889 $3,539 
(a)Reduced by $84 million of repurchased affiliate bonds as of December 31, 2025. See "Open Market Repurchase Program" below for additional information.