KENTUCKY UTILITIES CO
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
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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Balance Sheets at December 31, 202 and
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $162 | $8 |
| Accounts receivable (less reserve: 2025, $5; 2024, $3) | ||
| Customer | 154 | 134 |
| Other | 26 | 23 |
| Unbilled revenues (less reserve: 2025, $0; 2024, $0) | 97 | 87 |
| Accounts receivable from affiliates | 46 | 40 |
| Notes receivable from affiliates | 36 | — |
| Fuel, materials and supplies | 160 | 157 |
| Prepayments | 11 | 9 |
| Regulatory assets | 19 | 8 |
| Other current assets | 2 | 2 |
| Total Current Assets | 713 | 468 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 8,270 | 7,748 |
| Less: accumulated depreciation - regulated utility plant | 1,842 | 1,643 |
| Regulated utility plant, net | 6,428 | 6,105 |
| Construction work in progress | 689 | 443 |
| Property, Plant and Equipment, net | 7,117 | 6,548 |
| Other Noncurrent Assets | ||
| Regulatory assets | 482 | 491 |
| Goodwill | 389 | 389 |
| Other intangibles | 11 | 12 |
| Other noncurrent assets | 106 | 84 |
| Total Other Noncurrent Assets | 988 | 976 |
| Total Assets | $8,818 | $7,992 |
| 2025 | 2024 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $— | $25 |
| Notes payable with affiliates | — | 43 |
| Long-term debt due within one year | 90 | 300 |
| Accounts payable | 262 | 158 |
| Accounts payable to affiliates | 73 | 64 |
| Customer deposits | 37 | 36 |
| Taxes | 60 | 40 |
| Regulatory liabilities | 13 | 14 |
| Interest | 34 | 21 |
| Asset retirement obligations | 2 | 11 |
| Other current liabilities | 54 | 50 |
| Total Current Liabilities | 625 | 762 |
| Long-term Debt | 2,775 | 2,171 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 819 | 803 |
| Investment tax credits | 29 | 30 |
| Price risk management liabilities | 4 | 3 |
| Asset retirement obligations | 73 | 73 |
| Regulatory liabilities | 809 | 815 |
| Other deferred credits and noncurrent liabilities | 78 | 64 |
| Total Deferred Credits and Other Noncurrent Liabilities | 1,812 | 1,788 |
| Commitments and Contingent Liabilities (Notes 7 and 12) | ||
| Equity | ||
| Common stock - no par value (a) | 424 | 424 |
| Additional paid-in capital | 2,208 | 1,982 |
| Earnings reinvested | 974 | 865 |
| Total Equity | 3,606 | 3,271 |
| Total Liabilities and Equity | $8,818 | $7,992 |
(a)75,000 shares authorized;21,294 shares issued and outstanding at December 31, 2025 and December 31, 2024.
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