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)
				9 Months		Year		Year		Year		2 Months		10 Months		Year
				Ended		Ended		Ended		Ended		Ended		Ended		Ended
				Sep. 30,		Dec. 31,		Dec. 31,		Dec. 31,		Dec. 31,		Oct. 31,		Dec. 31,
				2014		2013		2012		2011		2010		2010		2009
Earnings, as defined:
	Income from Continuing Operations
		Before Income Taxes		$	436	$	551	$	331	$	419	$	70	$	300	$	(1,235)
	Adjustment to reflect earnings from
		equity method investments on a cash
		basis (c)							33		(1)				(4)		11
	Loss on impairment of goodwill																1,493
	Mark to market impact of derivative
		instruments											2		(20)		(19)
					436		551		364		418		72		276		250
	Total fixed charges as below				129		151		157		153		25		158		186
			Total earnings	$	565	$	702	$	521	$	571	$	97	$	434	$	436
Fixed charges, as defined:
	Interest charges (d) (e)			$	125	$	145	$	151	$	147	$	24	$	153	$	176
	Estimated interest component of
		operating rentals			4		6		6		6		1		5		5
	Estimated discontinued operations
		interest component of rental expense															5
			Total fixed charges	$	129	$	151	$	157	$	153	$	25	$	158	$	186
Ratio of earnings to fixed charges					4.4		4.6		3.3		3.7		3.9		2.7		2.3

(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.
(e)	Includes a credit for amortization of a fair market value adjustment of $7 million in 2013.

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