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,
	2016			2015			2014			2013			2012
Earnings, as defined:
Income from Continuing Operations Before Income Taxes	$	686		$	603		$	553		$	551		$	331
Adjustment to reflect earnings from equity method investments on a cash basis (a)	(1		)	(1		)	(1		)	(1		)	33
	685			602			552			550			364
Total fixed charges as below	223			189			173			151			157
Total earnings	$	908		$	791		$	725		$	701		$	521
Fixed charges, as defined:
Interest charges (b) (c)	214			181			167			145			151
Estimated interest component of operating rentals	9			8			6			6			6
Total fixed charges	223			189			173			151			157
Ratio of earnings to fixed charges	4.1			4.2			4.2			4.6			3.3

(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.