PPL Corp
For the period ended Mar 31, 2024. Filed May 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 1, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
15. Asset Retirement Obligations
- Asset Retirement Obligations
PPL's, LG&E's and KU's ARO liabilities are primarily related to CCR closure costs. See Note 10 for information on the CCR rule. LG&E and RIE also have AROs related to natural gas mains and wells. LG&E's and KU's transmission and distribution lines largely operate under perpetual property easement agreements, which do not generally require restoration upon removal of the property. Therefore, no material AROs are recorded for transmission and distribution assets. For LG&E, KU and RIE, all ARO accretion and depreciation expenses are reclassified as a regulatory asset or regulatory liability. ARO regulatory assets associated with certain CCR projects are amortized to expense in accordance with regulatory approvals. For other AROs, deferred accretion and depreciation expense is recovered through cost of removal.
The changes in the carrying amounts of AROs were as follows.
| PPL | LG&E | KU | |
|---|---|---|---|
| Balance at December 31, 2023 | $158 | $85 | $66 |
| Accretion | 2 | 1 | 1 |
| Obligations settled | (5) | (2) | (3) |
| Other | 1 | — | — |
| Balance at March 31, 2024 | $156 | $84 | $64 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.