Exhibit 12(d)
LG&E AND KU ENERGY LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Millions of Dollars)
				Successor (a)								Predecessor (b)
				3 Months		Year		Year		2 Months		10 Months
				Ended		Ended		Ended		Ended		Ended			Year Ended
				Mar. 31,		Dec. 31,		Dec. 31,		Dec. 31,		Oct. 31,			December 31,
				2013		2012		2011		2010		2010		2009		2008
Earnings, as defined:
	Income from Continuing Operations
		Before Income Taxes		$	153	$	331	$	419	$	70	$	300	$	(1,235)	$	(1,536)
	Adjustment to reflect earnings from
		equity method investments on a cash
		basis (c)					33		(1)				(4)		11
	Loss on impairment of goodwill														1,493		1,806
	Mark to market impact of derivative
		instruments									2		(20)		(19)		34
					153		364		418		72		276		250		304
	Total fixed charges as below				39		157		153		25		158		186		199
			Total earnings	$	192	$	521	$	571	$	97	$	434	$	436	$	503
Fixed charges, as defined:
	Interest charges (d)			$	37	$	151	$	147	$	24	$	153	$	176	$	184
	Estimated interest component of
		operating rentals			2		6		6		1		5		5		5
	Estimated discontinued operations
		interest component of rental expense													5		10
			Total fixed charges	$	39	$	157	$	153	$	25	$	158	$	186	$	199
Ratio of earnings to fixed charges					4.9		3.3		3.7		3.9		2.7		2.3		2.5

(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 other-than-temporary impairment loss of $25 million in 2012.
(d)	Includes interest on long-term and short-term debt, as well as amortization of debt discount, expense and premium - net.

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