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,
	2016			2015			2014			2013			2012
Earnings, as defined:
Income Before Income Taxes	$	428		$	374		$	355		$	360		$	215
Adjustment to reflect earnings from equity method investments on a cash basis (a)	(1		)	(1		)	(1		)	(1		)	33
	427			373			354			359			248
Total fixed charges as below	100			86			80			73			72
Total earnings	$	527		$	459		$	434		$	432		$	320
Fixed charges, as defined:
Interest charges (b)	$	96		$	82		$	77		$	70		$	69
Estimated interest component of operating rentals	4			4			3			3			3
Total fixed charges	$	100		$	86		$	80		$	73		$	72
Ratio of earnings to fixed charges	5.3			5.3			5.4			5.9			4.4

(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.