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,
				2015		2014		2013		2012		2011
Earnings, as defined:
	Income from Continuing Operations
		Before Income Taxes		$	603	$	553	$	551	$	331	$	419
	Adjustment to reflect earnings from
		equity method investments on a cash
		basis (a)			(1)		(1)		(1)		33		(1)
					602		552		550		364		418
	Total fixed charges as below				189		173		151		157		153
			Total earnings	$	791	$	725	$	701	$	521	$	571
Fixed charges, as defined:
	Interest charges (b) (c)			$	181	$	167	$	145	$	151	$	147
	Estimated interest component of
		operating rentals			8		6		6		6		6
			Total fixed charges	$	189	$	173	$	151	$	157	$	153
Ratio of earnings to fixed charges					4.2		4.2		4.6		3.3		3.7

(a)	Includes other-than-temporary impairment loss of $25 million in 2012.
(b)	Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.
(c)	Includes a credit for amortization of a fair market value adjustment of $7 million in 2013.

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