Exhibit 12(c)
LG&E AND KU ENERGY LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
	Year		Year			Year			Year			Year
	Ended		Ended			Ended			Ended			Ended
	Dec. 31,		Dec. 31,			Dec. 31,			Dec. 31,			Dec. 31,
	2017		2016			2015			2014			2013
Earnings, as defined:
Income from Continuing Operations Before Income Taxes	$	691	$	686		$	603		$	553		$	551
Adjustment to reflect earnings from equity method investments on a cash basis	1		(1		)	(1		)	(1		)	(1		)
	692		685			602			552			550
Total fixed charges as below	224		223			189			173			151
Total earnings	$	916	$	908		$	791		$	725		$	701
Fixed charges, as defined:
Interest charges (a) (b)	$	215	$	214		$	181		$	167		$	145
Estimated interest component of operating rentals	9		9			8			6			6
Total fixed charges	$	224	$	223		$	189		$	173		$	151
Ratio of earnings to fixed charges	4.1		4.1			4.2			4.2			4.6

(a) Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.

(b) Includes a credit for amortization of a fair market value adjustment of $7 million in 2013.