Exhibit 12(d)
LG&E AND KU ENERGY LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(Millions of Dollars)
				Successor				Predecessor
				9 Months		2 Months		10 Months
				Ended		Ended		Ended
				Sep. 30,		Dec. 31,		Oct. 31,			Year Ended December 31,
				2011		2010		2010		2009		2008		2007		2006
Earnings, as defined:
	Income from Continuing Operations
		Before Income Taxes		$	343	$	70	$	300	$	(1,235)	$	(1,536)	$	332	$	310
	Adjustment to reflect earnings from equity
		method investments on a cash basis			(1)				(4)		11				(5)		(2)
	Loss on impairment of goodwill										1,493		1,806
	Mark to market impact of derivative
		instruments					2		(20)		(19)		34
					342		72		276		250		304		327		308
	Total fixed charges as below				113		25		158		186		199		170		161
			Total earnings	$	455	$	97	$	434	$	436	$	503	$	497	$	469
Fixed charges, as defined:
	Interest charges (a)			$	108	$	24	$	153	$	176	$	184	$	155	$	143
	Estimated interest component of
	operating rentals				5		1		5		5		5		4		4
	Estimated discontinued operations interest
	component of rental expense										5		10		10		10
	Preferred stock dividends														1		4
			Total fixed charges (b)	$	113	$	25	$	158	$	186	$	199	$	170	$	161
Ratio of earnings to fixed charges					4.0		3.9		2.7		2.3		2.5		2.9		2.9

(a)	Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.
(b)	Interest on unrecognized tax benefits is not included in fixed charges.