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 | $10 | $13 |
| Accounts receivable (less reserve: 2025, $4; 2024, $2) | ||
| Customer | 171 | 160 |
| Other | 26 | 22 |
| Unbilled revenues (less reserve: 2025, $0; 2024, $0) | 106 | 102 |
| Fuel, materials and supplies | 183 | 173 |
| Prepayments | 12 | 11 |
| Regulatory assets | 1 | 1 |
| Other current assets | 16 | 9 |
| Total Current Assets | 525 | 491 |
| Property, Plant and Equipment | ||
| Regulated utility plant | 10,929 | 10,419 |
| Less: accumulated depreciation - regulated utility plant | 2,934 | 2,652 |
| Regulated utility plant, net | 7,995 | 7,767 |
| Construction work in progress | 952 | 567 |
| Property, Plant and Equipment, net | 8,947 | 8,334 |
| Other Noncurrent Assets | ||
| Regulatory assets | 467 | 458 |
| Goodwill | 607 | 607 |
| Other intangibles | 34 | 28 |
| Other noncurrent assets | 178 | 155 |
| Total Other Noncurrent Assets | 1,286 | 1,248 |
| Total Assets | $10,758 | $10,073 |
| 2025 | 2024 | |
|---|---|---|
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term debt | $— | $140 |
| Notes payable with affiliates | 36 | 73 |
| Long-term debt due within one year | 164 | 250 |
| Accounts payable | 137 | 96 |
| Accounts payable to affiliates | 106 | 100 |
| Customer deposits | 41 | 39 |
| Taxes | 63 | 37 |
| Regulatory liabilities | 16 | 22 |
| Interest | 38 | 24 |
| Asset retirement obligations | 6 | 10 |
| Other current liabilities | 69 | 58 |
| Total Current Liabilities | 676 | 849 |
| Long-term Debt | 3,346 | 2,816 |
| Deferred Credits and Other Noncurrent Liabilities | ||
| Deferred income taxes | 956 | 924 |
| Investment tax credits | 79 | 81 |
| Asset retirement obligations | 51 | 54 |
| Regulatory liabilities | 997 | 1,009 |
| Other deferred credits and noncurrent liabilities | 44 | 41 |
| Total Deferred Credits and Other Noncurrent Liabilities | 2,127 | 2,109 |
| Commitments and Contingent Liabilities (Notes 7 and 12) | ||
| Equity | ||
| Common stock - no par value (a) | 308 | 308 |
| Additional paid-in capital | 3,217 | 3,056 |
| Earnings reinvested | 1,084 | 935 |
| Total Equity | 4,609 | 4,299 |
| Total Liabilities and Equity | $10,758 | $10,073 |
(a)80,000 shares authorized;37,818 shares issued and outstanding at December 31, 2025 and December 31, 2024.
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