Exhibit 12(e)
LOUISVILLE GAS AND ELECTRIC COMPANY
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 Before Income Taxes			$	40	$	195	$	29	$	167	$	142	$	131	$	179
	Mark to market impact of derivative
		instruments							1		(20)		(20)		35
					40		195		30		147		122		166		179
	Total fixed charges as below				11		46		8		40		46		60		53
			Total earnings	$	51	$	241	$	38	$	187	$	168	$	226	$	232
Fixed charges, as defined:
	Interest charges (a)			$	11	$	44	$	8	$	38	$	44	$	58	$	50
	Estimated interest component of
	operating rentals						2				2		2		2		2
	Preferred stock dividends																1
			Total fixed charges	$	11	$	46	$	8	$	40	$	46	$	60	$	53
Ratio of earnings to fixed charges					4.6		5.2		4.8		4.7		3.7		3.8		4.4

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