KENTUCKY UTILITIES CO

For the period ended Dec 31, 2025. Filed Feb 20, 2026.

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.

FY2025 · Filed Feb 20, 2026

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

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Contents

Louisville Gas and Electric Company - Statement of Income Analysis

LG&E: Statement of Income Analysis

Change
	2025	2024	2025 vs. 2024
Operating Revenues
Retail and wholesale	$1,718	$1,617	$101
Electric revenue from affiliate	30	31	(1)
Total Operating Revenues	1,748	1,648	100
Operating Expenses
Operation
Fuel	338	308	30
Energy purchases	187	151	36
Energy purchases from affiliate	22	20	2
Other operation and maintenance	364	349	15
Depreciation	307	305	2
Taxes, other than income	51	49	2
Total Operating Expenses	1,269	1,182	87
Operating Income	479	466	13
Other Income (Expense) - net	24	12	12
Interest Income from Affiliate	—	1	(1)
Interest Expense	116	105	11
Income Before Income Taxes	387	374	13
Income Taxes	78	77	1
Net Income	$309	$297	$12

	2025 vs. 2024
Fuel and other energy purchases (a)	$60
Volumes (b)	15
Off-system sales (c)	17
Other	8
Total	$100

(a)The increase was primarily due to higher recoveries of fuel expenses and energy purchases.

(b)The increase was primarily due to weather.

(c)The increase was primarily due to higher volumes.

Fuel

Fuel expense increased $30 million in 2025 compared with 2024, primarily due to an increase in commodity costs.

Energy purchases increased $36 million in 2025 compared with 2024, primarily due to a $23 million increase in volumes primarily due to weather and a $14 million increase in commodity costs.

ContentsView on SEC.gov

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