Exhibit 12(d)
LG&E AND KU ENERGY LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(Millions of Dollars)
				Successor						Predecessor
				3 Months		Year		2 Months		10 Months
				Ended		Ended		Ended		Ended
				Mar. 31,		Dec. 31,		Dec. 31,		Oct. 31,			Year Ended December 31,
				2012		2011		2010		2010		2009		2008		2007
Earnings, as defined:
	Income from Continuing Operations
		Before Income Taxes		$	74	$	419	$	70	$	300	$	(1,235)	$	(1,536)	$	332
	Adjustment to reflect earnings from
		equity method investments on a cash
		basis			2		(1)				(4)		11				(5)
	Loss on impairment of goodwill												1,493		1,806
	Mark to market impact of derivative
		instruments							2		(20)		(19)		34
					76		418		72		276		250		304		327
	Total fixed charges as below				40		153		25		158		186		199		170
			Total earnings	$	116	$	571	$	97	$	434	$	436	$	503	$	497
Fixed charges, as defined:
	Interest charges (a)			$	38	$	147	$	24	$	153	$	176	$	184	$	155
	Estimated interest component of
		operating rentals			2		6		1		5		5		5		4
	Estimated discontinued operations
		interest component of rental expense											5		10		10
	Preferred stock dividends																1
			Total fixed charges	$	40	$	153	$	25	$	158	$	186	$	199	$	170
Ratio of earnings to fixed charges					2.9		3.7		3.9		2.7		2.3		2.5		2.9

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