Exhibit 12(e)
LOUISVILLE GAS AND ELECTRIC COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
														Predeces-
				Successor (a)										sor (b)
				Year		Year		Year		Year		2 Months		10 Months
				Ended		Ended		Ended		Ended		Ended		Ended
				Dec. 31,		Dec. 31,		Dec. 31,		Dec. 31,		Dec. 31,		Oct. 31,
				2014		2013		2012		2011		2010		2010
Earnings, as defined:
	Income Before Income Taxes			$	272	$	257	$	192	$	195	$	29	$	167
	Mark to market impact of derivative
		instruments											1		(20)
					272		257		192		195		30		147
	Total fixed charges as below				51		36		44		46		8		40
			Total earnings	$	323	$	293	$	236	$	241	$	38	$	187
Fixed charges, as defined:
	Interest charges (c) (d)			$	49	$	34	$	42	$	44	$	8	$	38
	Estimated interest component of
	operating rentals				2		2		2		2				2
			Total fixed charges	$	51	$	36	$	44	$	46	$	8	$	40
Ratio of earnings fixed charges					6.3		8.1		5.4		5.2		4.8		4.7

(a)	Post-acquisition activity covering the time period after October 31, 2010.
(b)	Pre-acquisition activity covering the time period prior to November 1, 2010.
(c)	Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.
(d)	Includes a credit for amortization of a fair market value adjustment of $7 million in 2013.

 341