XML 111 R47.htm IDEA: XBRL DOCUMENT v3.25.4

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments And Contingencies [Line Items]

Unrecorded Unconditional Purchase Obligations

LG&E and KU enter into purchase contracts to supply the coal and natural gas requirements for generation facilities and LG&E's retail natural gas supply operations. These contracts include the following commitments:

Contract Type			Maximum Maturity Date
Natural Gas Fuel			2027
Natural Gas Retail Supply			2026
Coal			2030
Coal Transportation and Fleeting Services			2033
Natural Gas Transportation			2055

Future obligations for power purchases from OVEC are demand payments, comprised of debt-service payments and contractually-required reimbursements of plant operating, maintenance and other expenses, and are projected as follows:

			LG&E						KU						Total
2026			$	19					$	8					$	27
2027			24						10						34
2028			24						11						35
2029			25						11						36
2030			23						10						33
Thereafter			184						83						267
Total			$	299					$	133					$	432

LG&E and KU had total energy purchases under the OVEC PPA for the years ended December 31 as follows:

			2025						2024						2023
LG&E			$	26					$	21					$	20
KU			11						9						9
Total			$	37					$	30					$	29

Guarantees

The table below details guarantees provided as of December 31, 2025.

			Exposure at December 31, 2025						Expiration Date
PPL
Indemnifications related to certain tax liabilities related to the sale of the U.K. utility business			£	50		(a)			2028
PPL guarantees related to certain sale/leaseback financing transactions related to the sale of Safari Holdings			$	71		(b)			2028
Indemnifications for losses suffered related to items not covered by Aspen Power's representation and warranty insurance associated with the sale of Safari Holdings			140			(c)			2028
LG&E and KU
LG&E and KU obligation of shortfall related to OVEC						(d)

(a)PPL WPD Limited entered into a Tax Deed dated June 9, 2021 in which it agreed to a tax indemnity regarding certain potential tax liabilities of the entities sold with respect to periods prior to the completion of the sale, subject to customary exclusions and limitations. Because National Grid Holdings One plc, the buyer, agreed to purchase indemnity insurance, the amount of the cap on the indemnity for these liabilities is £1, except with respect to certain surrenders of tax losses, for which the amount of the cap on the indemnity is £50 million. In June 2025, the indemnifications were novated to PPL Energy Holdings.

(b)PPL guaranteed the payment obligations of Safari under certain sale/leaseback financing transactions executed by Safari. These guarantees will remain in place until Safari exercises its option to buy-out the projects under the sale/leaseback financings by the year 2028. Safari will indemnify PPL for any payments made by PPL or claims against PPL under the sale/leaseback transaction guarantees up to $25 million.

Separately, PPL has agreed to fund incremental payment obligations under the buy-outs resulting from increases in the fair market value of the projects from the initial fair market value determined at the time of PPL's sale of Safari Holdings to the time the buy-out options are exercised by Safari. As of December 31, 2025, PPL cannot reasonably estimate its payment obligations related to the remaining buy-out options.

(c)Aspen Power has obtained representation and warranty insurance, therefore, PPL generally has no liability for its representations and warranties under the agreement except for losses suffered related to items not covered. Expiration of these indemnifications range from 18 months to 6 years from the date of the closing of the transaction, and PPL's aggregate liability for these claims will not exceed $140 million subject to certain adjustments.

(d)Pursuant to the OVEC power purchase contract, LG&E and KU are obligated to pay for their share of OVEC's excess debt service, post-retirement and decommissioning costs, as well as any shortfall from amounts included within a demand charge designed and expected to cover these costs over the term of the contract. PPL's proportionate share of OVEC's outstanding debt was $71 million at December 31, 2025, consisting of LG&E's share of $49 million and KU's share of $22 million. The maximum exposure and the expiration date of these potential obligations are not presently determinable. See "Energy Purchase Commitments" above for additional information on the OVEC power purchase contract.

Rhode Island Energy

Commitments And Contingencies [Line Items]

Schedule of Electric and Gas Purchase Contracts

These contracts include the following commitments:

Contract Type			Maximum Maturity Date
Electric power			2027
Gas-related			2043

RIE's commitments under these long-term contracts subsequent to December 31, 2025 are summarized in the table below.

			Total						2026						2027-2028						2029-2030						Thereafter
Energy Purchase Obligations			$	939					$	268					$	199					$	126					$	346

Louisville Gas And Electric Co [Member]

Commitments And Contingencies [Line Items]

Unrecorded Unconditional Purchase Obligations

LG&E and KU enter into purchase contracts to supply the coal and natural gas requirements for generation facilities and LG&E's retail natural gas supply operations. These contracts include the following commitments:

Contract Type			Maximum Maturity Date
Natural Gas Fuel			2027
Natural Gas Retail Supply			2026
Coal			2030
Coal Transportation and Fleeting Services			2033
Natural Gas Transportation			2055

Future obligations for power purchases from OVEC are demand payments, comprised of debt-service payments and contractually-required reimbursements of plant operating, maintenance and other expenses, and are projected as follows:

			LG&E						KU						Total
2026			$	19					$	8					$	27
2027			24						10						34
2028			24						11						35
2029			25						11						36
2030			23						10						33
Thereafter			184						83						267
Total			$	299					$	133					$	432

LG&E and KU had total energy purchases under the OVEC PPA for the years ended December 31 as follows:

			2025						2024						2023
LG&E			$	26					$	21					$	20
KU			11						9						9
Total			$	37					$	30					$	29

Kentucky Utilities Co [Member]

Commitments And Contingencies [Line Items]

Unrecorded Unconditional Purchase Obligations

LG&E and KU enter into purchase contracts to supply the coal and natural gas requirements for generation facilities and LG&E's retail natural gas supply operations. These contracts include the following commitments:

Contract Type			Maximum Maturity Date
Natural Gas Fuel			2027
Natural Gas Retail Supply			2026
Coal			2030
Coal Transportation and Fleeting Services			2033
Natural Gas Transportation			2055

Future obligations for power purchases from OVEC are demand payments, comprised of debt-service payments and contractually-required reimbursements of plant operating, maintenance and other expenses, and are projected as follows:

			LG&E						KU						Total
2026			$	19					$	8					$	27
2027			24						10						34
2028			24						11						35
2029			25						11						36
2030			23						10						33
Thereafter			184						83						267
Total			$	299					$	133					$	432

LG&E and KU had total energy purchases under the OVEC PPA for the years ended December 31 as follows:

			2025						2024						2023
LG&E			$	26					$	21					$	20
KU			11						9						9
Total			$	37					$	30					$	29

X

- References

No definition available.

+ Details

Name:	ppl_CommitmentsAndContingenciesLineItems
Namespace Prefix:	ppl_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule providing information on purchase commitments related to purchases of electric power and the delivery, storage and supply of natural gas.

+ References

No definition available.

+ Details

Name:	ppl_ScheduleOfElectricAndGasPurchaseContractsTableTextBlock
Namespace Prefix:	ppl_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-4

+ Details

Name:	us-gaap_ScheduleOfGuaranteeObligationsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unconditional purchase obligation not recognized as liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 440
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482648/440-10-50-4

+ Details

Name:	us-gaap_UnrecordedUnconditionalPurchaseObligationsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ppl_ByCompanyAxis=ppl_RhodeIslandEnergyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=ppl_LouisvilleGasAndElectricCoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=ppl_KentuckyUtilitiesCoMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: