Exhibit 12(e)
KENTUCKY UTILITIES COMPANY
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 Before Income Taxes			$	374	$	355	$	360	$	215	$	282
	Adjustment to reflect earnings from
		equity method investments on a cash
		basis (a)			(1)		(1)		(1)		33		(1)
					373		354		359		248		281
	Total fixed charges as below				86		80		73		72		73
			Total earnings	$	459	$	434	$	432	$	320	$	354
Fixed charges, as defined:
	Interest charges (b)			$	82	$	77	$	70	$	69	$	70
	Estimated interest component of
	operating rentals				4		3		3		3		3
			Total fixed charges	$	86	$	80	$	73	$	72	$	73
Ratio of earnings to fixed charges					5.3		5.4		5.9		4.4		4.8

(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.

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