PPL Corp
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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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, 2025 · Filed Apr 30, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Louisville Gas and Electric Company - Statement of Income Analysis
LG&E: Statement of Income Analysis
| Three Months | |||
|---|---|---|---|
| 2025 | 2024 | $ Change | |
| Operating Revenues | |||
| Retail and wholesale | $500 | $460 | $40 |
| Electric revenue from affiliate | 5 | 16 | (11) |
| Total Operating Revenues | 505 | 476 | 29 |
| Operating Expenses | |||
| Operation | |||
| Fuel | 82 | 86 | (4) |
| Energy purchases | 88 | 71 | 17 |
| Energy purchases from affiliate | 5 | 1 | 4 |
| Other operation and maintenance | 89 | 88 | 1 |
| Depreciation | 74 | 76 | (2) |
| Taxes, other than income | 13 | 13 | — |
| Total Operating Expenses | 351 | 335 | 16 |
| Operating Income | 154 | 141 | 13 |
| Other Income (Expense) - net | 3 | 2 | 1 |
| Interest Expense | 26 | 26 | — |
| Income Before Income Taxes | 131 | 117 | 14 |
| Income Taxes | 26 | 24 | 2 |
| Net Income | $105 | $93 | $12 |
| Three Months | |
|---|---|
| Fuel and other energy purchases (a) | $12 |
| Volumes (b) | 10 |
| Off-system sales (c) | 7 |
| Total | $29 |
(a)The increase was primarily due to higher recoveries of energy purchases and lower revenues from affiliates due to timing of plant outages and retirements.
(b)The increase was primarily due to weather.
(c)The increase was primarily due to higher volumes.
Energy purchases increased $17 million for the three months ended March 31, 2025 compared with 2024, primarily due to an increase in volumes due to weather.
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