Exhibit 12(e)
LOUISVILLE GAS AND ELECTRIC COMPANY
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
				Successor (a)								Predecessor (b)
				9 Months		Year		Year		2 Months		10 Months
				Ended		Ended		Ended		Ended		Ended			Year Ended
				Sep. 30,		Dec. 31,		Dec. 31,		Dec. 31,		Oct. 31,			December 31,
				2013		2012		2011		2010		2010		2009		2008
Earnings, as defined:
	Income Before Income Taxes			$	191	$	192	$	195	$	29	$	167	$	142	$	131
	Mark to market impact of derivative
		instruments									1		(20)		(20)		35
					191		192		195		30		147		122		166
	Total fixed charges as below				32		44		46		8		40		46		60
			Total earnings	$	223	$	236	$	241	$	38	$	187	$	168	$	226
Fixed charges, as defined:
	Interest charges (c)			$	30	$	42	$	44	$	8	$	38	$	44	$	58
	Estimated interest component of
	operating rentals				2		2		2				2		2		2
			Total fixed charges	$	32	$	44	$	46	$	8	$	40	$	46	$	60
Ratio of earnings fixed charges					7.0		5.4		5.2		4.8		4.7		3.7		3.8

(a)	Post-acquisition activity covering the time period after October 31, 2010.
(b)	Pre-acquisition activity covering the time period prior to November 1, 2010.
(c)	Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.

152