Exhibit 23.01



              CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent public accountants, we hereby consent to the inclusion of our
report dated January 26, 2001 (except with respect to the matters discussed
in Note 16, as to which the date is February 6, 2001) on the financial
statements of Louisville Gas and Electric Company in this Form 10-K.



                                            /s/ Arthur Andersen LLP
                                            ------------------------------
                                            Arthur Andersen LLP



Louisville, Kentucky
  March 30, 2001