Exhibit 12(d)
LG&E AND KU ENERGY LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
				Successor						Predecessor
				Year		Year		2 Months		10 Months
				Ended		Ended		Ended		Ended			Year Ended
				Dec. 31,		Dec. 31,		Dec. 31,		Oct. 31,			December 31,
				2012		2011		2010		2010		2009		2008
Earnings, as defined:
	Income from Continuing Operations
		Before Income Taxes		$	331	$	419	$	70	$	300	$	(1,235)	$	(1,536)
	Adjustment to reflect earnings from
		equity method investments on a cash
		basis (a)			33		(1)				(4)		11
	Loss on impairment of goodwill												1,493		1,806
	Mark to market impact of derivative
		instruments							2		(20)		(19)		34
					364		418		72		276		250		304
	Total fixed charges as below				157		153		25		158		186		199
			Total earnings	$	521	$	571	$	97	$	434	$	436	$	503
Fixed charges, as defined:
	Interest charges (b)			$	151	$	147	$	24	$	153	$	176	$	184
	Estimated interest component of
		operating rentals			6		6		1		5		5		5
	Estimated discontinued operations
		interest component of rental expense											5		10
			Total fixed charges	$	157	$	153	$	25	$	158	$	186	$	199
Ratio of earnings to fixed charges					3.3		3.7		3.9		2.7		2.3		2.5

(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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