10-Q/A

                          SECURITIES AND EXCHANGE COMMISSION
                                 WASHINGTON, DC 20549
                                     FORM 10-Q/A


                   X   QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934

                       For the quarterly period ended  September 30, 1995

                       TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d)
                       OF THE SECURITIES EXCHANGE ACT OF 1934

                       For the transition period from            to



                            Commission file number 1-3464


                               Kentucky Utilities Company
                (Exact name of registrant as specified in its charter)


           Kentucky and Virginia                                61-0247570
         (State or other jurisdiction of                    (I.R.S. Employer
          incorporation or organization)                   Identification No.)


        One Quality Street, Lexington, Kentucky                       40507
        (Address of principal executive offices)                    (Zip Code)


        Registrant's telephone number, including area code        606-255-2100


                                    Not Applicable
        Former name, former address  and former fiscal year, if  changed since
        last report



            Indicate by  check mark whether  the Registrant (1)  has filed all
        reports required to be filed by  Section 13 or 15(d) of the Securities
        Exchange  Act of  1934 during  the  preceding 12  months (or  for such
        shorter  period that the Registrant was required to file such reports)
        and (2) has  been subject to such filing requirements  for the past 90
        days.
        Yes   X     No     .


            Number of shares of  Common Stock outstanding at November 2, 1995:
        37,817,878 shares (owned by the parent-KU Energy Corporation).



                                         -1-


                             PART II.  OTHER INFORMATION

                              KENTUCKY UTILITIES COMPANY




          ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K

             (a) Exhibits.

                 The following exhibit is filed as part of this report:

                 Exhibit
                 Number           Description

                 12.01   Computation of Ratio of Earnings to Fixed Charges.

                   27    Financial Data Schedule  (required for  electronic
                         filing only  in accordance with Item  601(c)(1) of
                         Regulation S-K).

             (b) Reports on Form 8-K.

                 None.




                                         -2-




                              KENTUCKY UTILITIES COMPANY



                                      SIGNATURES





             Pursuant to the requirements of the Securities Exchange Act  of

          1934, the Registrant  has duly caused this report to be signed on

          its behalf by the undersigned thereunto duly authorized.





                                                KENTUCKY UTILITIES COMPANY
                                                       (Registrant)



          Date  December 19, 1995               /s/ Michael R. Whitley
                                                Michael R. Whitley
                                                Chairman of the Board and
                                                Chief Executive Officer






          Date  December 19, 1995               /s/ Michael D. Robinson
                                                Michael D. Robinson
                                                Controller








                                         -3-

EX-12.01

                                                                   EXHIBIT 12.01



                                   KENTUCKY UTILITIES COMPANY

                       COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES



                                                                 12 Months Ended
                                                                  Sept. 30, 1995
                                                                 (in thousands,
                                                                  except ratio)
            Earnings
              Net Income                                              $ 68,457
              Adjustments
                Fixed charges                                           39,187
                Income taxes -
                  Current Federal                                       29,071
                  Current State                                          6,533
                  Deferred Federal-Net                                   2,546
                  Deferred State-Net                                     1,335
                  Deferred investment tax credit-Net                       (75)
                Income taxes included in Other Income
                  and Deductions -
                  Current Federal and State                              1,271
                  Deferred Federal and State                              (662)
                  Amortization of investment tax credit                 (4,024)
                Undistributed income of Electric
                  Energy, Inc.                                             100

                Total Earnings                                        $143,739

            Fixed Charges
              Interest on long-term debt                              $ 34,789
              Other interest charges                                     4,398

                Total Fixed Charges                                   $ 39,187


            Ratio of Earnings to Fixed Charges                            3.67



     Note--Rentals are not material and have not been included in fixed charges.