PPL Corp

For the period ended Dec 31, 2024. Filed Feb 13, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 13, 2025

PPLC$46.33-0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Louisville Gas and Electric Company - Statement of Income Analysis

LG&E: Statement of Income Analysis

Change
	2024	2023	2024 vs. 2023
Operating Revenues
Retail and wholesale	$1,617	$1,580	$37
Electric revenue from affiliate	31	33	(2)
Total Operating Revenues	1,648	1,613	35
Operating Expenses
Operation
Fuel	308	286	22
Energy purchases	151	168	(17)
Energy purchases from affiliates	20	12	8
Other operation and maintenance	349	364	(15)
Depreciation	305	302	3
Taxes, other than income	49	48	1
Total Operating Expenses	1,182	1,180	2
Operating Income	466	433	33
Other Income (Expense) - net	12	3	9
Interest Income from Affiliates	1	1	—
Interest Expense	105	102	3
Income Before Income Taxes	374	335	39
Income Taxes	77	69	8
Net Income	$297	$266	$31

	2024 vs. 2023
Fuel and other energy purchases (a)	$7
Volumes (b)	35
ECR (c)	(18)
Other	11
Total	$35

(a)The increase was primarily due to higher recoveries of fuel expenses, partially offset by lower recoveries of energy purchases.

(b)The increase was primarily due to weather.

(c)The decrease was primarily due to lower ECR expenses.

Fuel

Fuel expense increased $22 million in 2024 compared with 2023, primarily due to an increase in commodity costs.

Energy purchases decreased $17 million in 2024 compared with 2023, primarily due to a decrease in commodity costs.

	2024 vs. 2023
ECR expenses	$(17)
Other	2
Total	$(15)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.